TikTok’s Creator Subscriptions Point to the Future of Social Platforms

Much like TikTok’s music streaming and ad-free subscription rollouts, the creator subscription program is in trial mode, and only available in select markets for now. However, the strategy is part of a broader narrative as social platforms seek to expand their revenue streams to fit a more entertainment-centric focus.

Generative AI & Licensing: A Special Report

Alongside the rapid rise of generative AI, a new licensing market has begun to emerge for AI training data.

Report: Sony Music acquires Pink Floyd catalogue

Sony Music has reportedly acquired the Pink Floyd recordings catalogue for around $400 million. The deal was reported by the Financial Times, citing sources familiar with the agreement. It comes amid a boom in sales for music rights. Although that might have peaked a few years ago, the demand is still there from investors for high-class music assets.

Qobuz Launches Studio Student: High-Quality Music Streaming for Students at an Affordable Price

Qobuz is making high-fidelity music streaming more affordable for students with its newly launched Studio Student subscription, available for just $4.99 a month.

Beyoncé’s recording engineer: “AI in the music industry is at a starting phase”

AI-powered software is making its way into the music industry, sparking debates. Applications like Suno and Udio can generate music based on user prompts, enabling an innovative approach to creating and experiencing music. However, some criticize these AI-created tracks for sounding too similar to the voices and styles of famous artists.

Carry1st Partners with Audiomack to Integrate Local Payment Solutions to Music Streaming

Carry1st, Africa’s leading consumer payments provider, has announced a new partnership with Audiomack, one of the globe’s leading music streaming and discovery platforms with more than 30 million monthly users. This collaboration makes it easier than ever for Audiomack’s customers in Africa to purchase subscriptions to stream their favorite artists using local payment methods.

Is Tesla Removing Free Music Streaming (Streaming in North America and Spotify in Europe)?

While Tesla likely only pays a small fraction of what a customer would pay for a Spotify Premium subscription, even if it’s just 50 cents per month, that amount would definitely add up with the more than 6 million Teslas on the road today.

Jeremy Erlich, Spotify’s Global Head of Music, to exit

As first reported by Hits, the exec will transition to an advisory role at the streamer through the end of February, 2025.

ABBA Voyage generated $129m in 2023, as virtual concert series attracts 1.1m visitors

London's ABBA Voyage saw a significant jump in 2023 earnings, as the immersive concert experience continues to attract large audiences.

BPI picks 28 startups for its Grow Music innovation program

British labels body the BPI has announced the startups who’ll be taking part in its new ‘Grow Music’ innovation program, which kicked off last month.

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