Tencent Music Passes 100M Subscribers; Amazon Music Raises Subscription Prices by a Dollar
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Tencent Music Passes 100 Million Subscriber Landmark as Quarterly Profits Soar
Subscriber numbers increased by 20% year on year and by 5 million quarter on quarter, to hit 99.4 million, the company said. That increase helped quarterly revenues from music subscriptions to rise by 37% year-on-year to RMB2.89 billion ($399 million).
Amazon Music raises its subscription prices by a dollar
It may have taken a while (well, 14 years) for music-streaming services to raise the price of their subscriptions, but the floodgates are well and truly open now.
SoundExchange sues SiriusXM over alleged $150m in unpaid royalties owed to artists and rightsholders
SoundExchange says that it estimates that SiriusXM has “wrongfully withheld more than $150 million in unpaid royalties over the past several years”. In a complaint filed with the US District Court for the Eastern District of Virginia on Wednesday (August 16), SoundExchange alleged that SiriusXM “has exploited the creative efforts of recording artists without paying legally mandated compensation.”
The Evolution of Beatmaking: From Hardware to Software
Beatmaking is an artistic form of music production that has evolved significantly over time. From the early days of drum machines to the present-day digital era of software-based beatmaking, the process of creating beats has transformed in a multitude of ways.
The (Negative) Impact of Fake Streams on Artists' Algorithmic Performance
Fake streams are still a widespread practice in the music business — both among the DIY artists and established music professionals. Streaming fraud has its obvious risks, but even if you manage to get away with it, this shortcut will come with a hefty price to pay. Here's why engaging with these fake streaming bot farms is a sure way to ruin your algorithmic potential.
Customised-songs startup Songfinch expects to make $75m in 2023
“Right now, we have about 2,000 artists and have paid out more than $20 million to them in the past 12 months.” The company is also exploring how “personalised chatbots and generative AI tools” can be put to use for its customers and songwriters alike.
The Recording Academy is the leading society of music professionals
Sound City celebrates 10th year of Launch Training with 40 bursaries
Don’t be fooled by the streams that it’s got, it’s still hip hop from the block
Building Superior Generative Music Models: The Role of High-Quality Training Data and Data Moats
How AI helped get my music on all the major streaming services