Spotify is the latest company to announce a reduction in force after layoffs in the tech sector hit a new local high in January. The streaming giant is hardly alone as its big tech counterparts—including Google, Amazon and Meta—have all announced layoffs amid a tough economic backdrop, one plagued by stickier than expected inflation and …
Tag Archives: Music Streaming
TikTok's Royalties Are 500 Occasions Decrease Than Different Streaming Platforms, Report Suggests
TikTok’s global success has been good for the platform’s progress, but it surely appears artists are nonetheless struggling financially. Regardless of artists’ virality and perceived success on TikTok, it fails to pay a good royalty charge, in response to a report revealed by Billboard. A music govt stated ByteDance, TikTok’s mum or dad firm, “would …
Spotify Considers First U.S. Worth Enhance for Particular person Premium Plans In 2023
Inflation has been at a 40-year high for many of 2022, and to date seemingly nothing has been secure from worth hikes, save for Costco hotdogs and your Spotify subscription. Sadly, within the case of Spotify, the times of the person benchmark $9.99/month plan for U.S. prospects might quickly be a factor of the previous. …
SoundCloud Rebrands Creator Companies Platform to "SoundCloud for Artists"
SoundCloud’s creator companies platform is working underneath a brand new title: SoundCloud for Artists. The rebrand comes from one of many main minds in establishing Spotify’s personal Spotify for Artists platform. And because the saying goes, “If it ain’t broke, do not repair it.” Tracy Chan, SoundCloud’s Senior Vice President of Creator, was beforehand the …
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TikTok Units Sights On Spotify, Makes Strikes On Native Music Streaming Service
A brand new streaming app would possibly quickly be shifting into city. It is known as TikTok Music and will probably be a spot for customers to purchase, play, share and obtain music, in addition to livestream audio and video identical to they do on the TikTok app, based on Music Business Worldwide. Sources say TikTok’s father …
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Music Streaming Companies Collectively Surpass 100,000 Day by day Uploads
It is hardly a secret that the way forward for music commerce lies in streaming, however the numbers proceed to bear this out in methods that may’t assist however develop into trigger for reflection. In line with business specialists, over 100,000 tracks are actually being uploaded to streaming platforms every day. This jaw-dropping determine was …
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Apple Music Jabs Spotify With Controversial Newsletter: Read the Full Statement
A recent newsletter dispensed by Apple Music has delivered a conspicuous jab at Spotify for the platform’s polarizing payment model. While the newsletter doesn’t directly mention Spotify by name, the parallels are easy to discern. The statement paints a striking picture about how Apple Music handles its payouts to artists and songwriters. One of the major takeaways from Apple Music’s …
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Following Union Protests, Spotify Denies Demand for Penny-Per-Stream Payment
After months of campaigning for major changes to Spotify’s streaming model, the Union of Musicians and Allied Workers (UMAW) recently announced the streaming platform’s denial of their cornerstone demand: a penny per stream royalty agreement for all artists. According to Digital Music News, the update follows a series of worldwide protests on March 15th, hosted outside the Spotify offices …
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Spotify’s 10 Highest-Earning Artists Have Raked in a Combined $337 Million
An analysis published by financial publication Top Dollar has revealed Spotify‘s top earners and assets—and the numbers are eye-popping. Perhaps not surprising, Drake is the current king of Spotify with a take of $52.5 million in earnings generated from his 21.5 billion streams. His haul is unmatched, even by J Balvin, who took the #2 spot on the …
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Audius’ $AUDIO Token Reaches All-Time High, But Payouts are Still to Come
Music streaming service Audius has seen a recent surge of popularity since its beta phase in October 2019 and ensuing public launch a year later. The controversial blockchain-powered platform’s cryptocurrency token, $AUDIO, has hit a new all-time high after Audius surpassed 3 million active users, according to Cointelegraph. The report claims that the beginning of March 2021 saw the price of …
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