Streaming music has come a long way! According to a new report, the number of people now paying a monthly music streaming subscription in the U.S. is around 51 million. That’s close to double the number at the end of 2016!
In total, last year, streaming music services accounted for 65 percent of the recorded music revenue in the U.S. Spotify and Apple Music combined dominate “at least 80 percent” of the domestic music streaming market, and other platforms — including ones belonging to big names like Amazon and Google — are already, “falling surprisingly far behind.”
Jay-Z’s Tidal streaming music service was set up to make sure sure artists benefitted from the next big shift in music distribution. However, according to a new report it may have defaulted on that mission — since it’s now months behind on payments to labels.
Things happen in cycles, and portable music is no exception. After records, tapes and CDs came the iPod. The iPod shuffle took the form of a small, screenless clicker. With the dawn of streaming services, portable music storage became less relevant — or so we thought.
Spotfiy has managed to negotiate a reduced royalty rate with Sony Music Entertainment, and is also in talks with Warner Music Group, claims a new report.
In return, Spotify will reportedly hold back albums to paying subscribers for two weeks before making them available to customers on Spotify’s free tier. A similar multi-year deal was agreed with Vivendi’s Universal Music Group earlier this year.
Tesla is considering launching its own streaming music service, and it’s already in talks with players in the music industry about doing so.
According to a new report, Tesla has held conversations with all the major music labels about launching its service — which would come bundled with its cars, as opposed to being a standalone service like Apple Music.
Apple should take a note out of Jeff Bezos’ playbook and launch an Amazon Prime-style subscription service, claims an analyst for Goldman Sachs.
“We think Apple should launch a subscription bundle as a way to reinforce iPhone loyalty and leverage it into content,” Simona Jankowski writes in a new note to clients. In the brief, Jankowski and colleagues ponder the potential of a $50 monthly subscription that would get customers the latest iPhone plus other services like Apple TV, Apple Music and freemium access to the iTunes library.