Spotify Trims Workforce; Apple Music Classical on the Way?; Primary Wave Acquires Catalogs of The Doors’ Ray Manzarek and Robby Krieger
#1628 | Your Daily Dose of Music Streaming News
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Welcome to your Tuesday edition of Platform & Stream.
⭐️ Spotify to trim 6% of workforce, content head to depart
The company had said in October that it would slow down hiring for the rest of the year and into 2023. Its shares more than halved in a dismal 2022 for tech stocks.
⭐️ Beatport Hype Launches New Program, The Next Level
The label accelerator platform, Beatport Hype, graduates 20 of its most successful imprints and presents a new series of production competitions with five of them.
⭐️ Apple Music Classical Will Debut Next Week With iOS 16.3
Though Apple didn't meet their original target release date — it originally planned to launch Apple Music Classical by the end of 2022 — the service will be the latest in a slew of January releases.
⭐️ Primary Wave Acquires Catalogs of The Doors’ Ray Manzarek and Robby Krieger
The deal includes all of Krieger and Manzarek's interests in recordings, publishing, and merchandise for The Doors.
⭐️ YouTube Music wants you to help shape the future of the streaming service
YouTube Music has launched its "Listening Room" beta program alongside its sign-up page. If accepted, users will receive a Premium membership for a year, early access to specific features, and a chance to make an impact on YouTube Music's future.
⭐️ Profile Search: the secret metric that Spotify editors don’t want you to know
Profile search. It’s the secret metric that artist and marketing teams at Spotify (formerly called editors) rarely discuss in the public domain.
Digital Subscriptions Americans Are Most And Least Likely To Cut
Apple recruits former Universal Audio exec: what could this mean for Logic in 2023?
Croatia has second fastest growing music streaming market in the world
A New Artist Fund is Pumping $50,000 Into Indian Indie Music
FiiO Unveils K7 Headphone Amplifier With High-End Specs For Streaming Digital Music
Should music be free?: Japanese singer Junko Yagami uneasy about rise of streaming services