Why Music Tech Continues to Attract Investment; Continued Growth for Streamed Music in Sweden
Why Music Tech Continues to Attract Investment; Continued Growth for Streamed Music in Sweden2010 | Your Daily Dose of Music Streaming NewsWhy Music TechContinues To Attract InvestmentMusic tech doesn’t grab too many headlines these days. The revolution in music distribution and consumption first brought about by Napster and later fully commercialized by the likes of Spotify, Apple and Deezer is now fully embedded in our lives. Indeed, the vinyl revival tends to generate more column inches. Report: Continued growth for streamed music in SwedenMediavision’s Q2 analysis of the Swedish audio market shows that daily listening time is stable compared to the same period last year. The total listening time amounts to 100 minutes on an average day, covering both live radio and digital audio (audiobooks, music, and podcasts on demand). YouTube’s next features: Communities hubs, more GenAI and HypeYesterday was a big day for YouTube, with its ‘Made on YouTube’ event announcing some big new features and initiatives for the video service. Several of them are very relevant to YouTube’s music-industry partners and to artists. UNIFI Music Prepares for Launch with AI BoostOf the many tools in the UNIFI Music arsenal, such as the EPK feature, Tip Jar, music distribution to over 200 DSPs, and the embeddable player feature, Artificial Intelligence is set to play a big part of the new blueprint. Q2 2024 music market metrics: bifurcation is hereThere are so many music industry metrics and financial results flying around these days that it can be difficult to keep up with them all. Don’t worry, we’ve got you. Ampollo launches music-collaboration service with £2.3m fundingThe startups who want to help musicians collaborate with each other and make money from their work are piling up thick and fast. Layoffs Begin at Atlantic Music GroupAs expected, in the wake of the impending departures of top Atlantic Music Group executives Julie Greenwald and Kevin Liles, a large wave of layoffs have begun at the storied company as it begins what Warner Music CEO Robert Kyncl describes as “a new dynamic structure for the label group.” As audio goes long-form, podcasts and audiobooks convergeSongs may be getting shorter, but many of the most popular podcasts are not. Music Tectonics Announces Finalists in its Swimming with Narwhals Startup CompetitionNow in its sixth year, the conference received a record number of applications from companies using innovative tech solutions to do everything from making rehearsal and studio booking easier, to automating music marketing, to supercharging online collaboration. France’s recorded music market generated $450m in H1, as paid subscription revenues grow 11.3% YoYSixteen of the top 20 albums in France in H1 2024 were domestically produced. From Bedroom to Billboard: The Rise of DIY Music ProductionDIY music production is empowering artists to create and distribute their music independently, reshaping the industry. Play The Hits...Again And AgainSince discovering Daniel Parris’ wonderful “Stat Significant,” it has become one of my must-read articles. — Send story ideas & feedback to: jeff@platformandstream.com ️— Interested in sponsoring the newsletter? You'll find all the details here. You're currently a free subscriber to Platform & Stream. For the full experience, upgrade your subscription. |
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Streaming’s Growth Plan in the Connection Economy; Mixcloud Acquires Live Music Marketplace Encore
Thursday, September 19, 2024
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Deezer App Added to Titan OS; Audiomack, Mogul Team Up to Enhance Royalty Tracking
Wednesday, September 18, 2024
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Apple Music Adds Playlists for iOS 18's New 'Music Haptics' Feature; Guvera Hoping for a Comeback
Tuesday, September 17, 2024
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Spotify Launches Video Interview Series Focused on New Albums; 20% of Hard Drives Used for Long-Term Music Storage…
Monday, September 16, 2024
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Black Eyed Peas to Debut AI-Powered Member at Las Vegas Residency; Tencent Music Kicks Off ‘Global Music Outreach …
Friday, September 13, 2024
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