Run The Jewels rapper and producer El-P is calling out Spotify for what he alleges to be a lack of protection against fraud on the platform. The musician recently took to Twitter to respond to a fan who noticed that music from another artist had been included on the El-P artist page. “No matter how … More »
According to a new consumer report, music listeners devour nearly 18 hours of music per week on average — about half of a full-time job.
The International Federation of the Phonographic Industry (IFPI) is the non-profit institution that represents the recording industry worldwide. They recently released their annual music consumption report, noting the 17.8 hours a week consumers listen to music mostly happens in the car. This makes sense when thinking about daily routine commutes back and forth without audio, which sounds like torture.
The report also showed 86 percent of the listeners tested use an on-demand streaming service such as Spotify, Apple Music, or YouTube. Fifty-seven percent of users who pay for these streaming services are between the ages of 16 and 24 years old, suggesting it’s mostly young drivers listening to Spotify, Apple, or YouTube on their commute to school or work.
IFPI CEO Frances Moor says the report “tells the story of how recorded music is woven into the lives of fans around the world. As it becomes increasingly accessible, it continues to be embraced across formats, genres and technologies.”
H/T: DJ Mag
Photo credit: Eric Ward/Unsplash
According to a Nielsen Music study, the music industry is missing out on $2.65 billion annually due to businesses using personal music accounts in their storefronts. The culprit is mostly small businesses that are using consumer accounts not intended for commercial use.
This report was paid for by Soundtrack Your Brand, who offer music streaming for businesses starting at $26.99 a month. They surveyed 5,000 small business owners in the US, US, Spain, Sweden, Italy, Germany, and France. The data found that most of these businesses simply use an employee’s streaming account.
When music is played to benefit a business, a business licenses is needed. These rights are not included in the standard consumer streaming accounts that most small businesses use. Results estimated 21.3 million businesses are using the consumer streaming account instead of obtaining the proper business license.
80.3 percent of the small businesses surveyed mentioned music is important to their business, and 86 percent said they were willing to pay a bit more for the proper license. More than half the businesses were unaware their methods of playing music was illegal. In the US, 71 percent of businesses were unaware.
Co-founder and chairman of Soundtrack Your Brand, Andreas Liffgarden (formerly Spotify‘s global head of telecom business development) said, “Lack of innovation has driven small businesses to choose consumer services, as they are far more accessible and easy-to-use than most business alternatives. We need a new generation of B2B streaming services, attractive to business owners, that make sure music makers get fair compensation.”
Photo Credit: Mia Shanley/REUTERS
A Spotify ad has been banned in the UK for being too scary. The ad, which first ran online before YouTube videos this summer, is centered around a creepy doll that pops up every time Camila Cabello’s “Havana” plays. “The fact that the ad was set inside a home, including a bedtime setting, and featured … More »
Codeko has quickly been gaining momentum in dance music all while studying physical sciences at Cambridge University. The England native has mastered high profile remixes, recently putting his own spin on Elephante‘s “The In Between.” Now he is onto putting out his own original releases, and his latest addition to this growing collection of original works is “Woke Up” featuring Xuitcasecity.
The track features the producer’s own vocals, and has catchy future bass drops that make this track equally suited for set lists as it is for radio play. He spoke on how he came up with the idea for the track, calling it his “favorite release to date.”
“I came up with the idea for ‘Woke Up’ a few months ago just before I graduated from university, and actually wrote/produced & sung it all myself. Implementing a hip-hop verse into a dance track convincingly seems rare at the moment, and I am really excited about how the verse slots in & how well the record retains it’s electronic roots. Its my favourite track I’ve made to date.” -Codeko
The artist also partnered with JUUL for the release, announcing a contest where fans can win a free year of JUUL if fans save the track on Spotify. The winner will receive a JUUL starter kit and 40 JUUL pods.
October has only just begun, and yet DJ Snake has already secured a chart-topping single alongside Cardi B, Ozuna, and Selena Gomez on “Taki Taki.” Now, he’s scripted Spotify history. DJ Snake became just the fifth artist to have two tracks garner a respective one billion streams each after his 2016 Justin Bieber collaboration, “Let Me Love You” surpassed the one billion stream count, following in the footsteps of his joint project with Major Lazer and MØ in 2015, “Lean On.” The achievement situates Snake among the ranks of Drake, Ed Sheeran, The Chainsmokers, and Bieber himself — all fellow artists to have accomplished the same feat.
DJ Snake recently teased the full-length music video that remains yet to come for “Taki Taki” with a tantalizing teaser of the complete visual. The music video will make its debut on October 9, directed by Colin Tilley, whose credits include DJ Khaled and Rihanna‘s “Wild Thoughts” music video, and Kyle‘s “iSpy,” among many others.
Tencent Music Entertainment has officially gone public in the United States. China’s leading music-streaming company operates three of China’s largest digital services: QQ Music, Kuwo and KuGou. They also have their hands on a karaoke app, WeSing. In total, the company has amassed more than 800 million monthly active users.
Total revenue of the company in 2017 was reportedly $1.66 billion, and 2018 plans to see even bigger returns. The IPO values the company around $30 billion, according to expert analysts, which is comparable to Spotify‘s $29.5 billion evaluation when the Swedish streaming giant went public earlier this year. Spotify is now currently valued at $32 billion.
There’s a noticeable difference between the two competing, yet complementary, streaming companies. While Spotify, who owns nine percent of Tencent from a share swap earlier in 2018, has been losing money year after year because of their cheap product and large royalty payouts, Tencent has been largely profitable for the last two years. A reasoning for this is Tencent Holdings diverse portfolio of other digital businesses such as a gaming platform, social network and the popular messaging app, WeChat. Spotify simply focuses on music streaming.
QQ Music has multiple entertainment experience offering including listening subscriptions, concert tickets and exclusive song downloads. Online music services accounted for only 29.6 percent of TME’s revenues in the first half of 2018. Other social entertainment services such as in-car audio, event ticketing, online karaoke and sales of headphones and karaoke microphones, made up the other 70.4 percent. These numbers will be closely watched by investors interested in the music space.
H/T: Rolling Stone
On September 20, Spotify made a surprise announcement that will now allow indie artists to bypass music distributors such as CD Baby, TuneCore, and Stem to upload their songs directly to the platform. The new upload feature will be available via the Spotify For Artists section of the website where 200,000 artists are currently on.
The post Spotify Direct Distribution and What This Means To Artists appeared first on EDM Sauce.
Spotify has teamed with Ancestry.com to offer its users playlists based on their own DNA. According to the new development, once you sign up through the genealogy company, you can trace your family history and compile those results to Spotify. Danielle Lee, global head of partner solutions at Spotify, told Quartz “The program will “encourage
The post Spotify Teams With Ancestry to Compile Playlists Based on Your DNA appeared first on EDM Sauce.
Sirius XM has signed on to purchase Pandora for $3 billion, further diversifying its offerings to online music streaming. The deal comes just one year later after the Sirius XM Holdings took an initial 19 percent stake in Pandora by investing $480 million into the company.
With this move, Sirius stands to make a major transition from streaming done mostly in the car – where most of its users listen – to on-demand music streaming where most activity is done at home or via a mobile device. It will also benefit both companies’ negotiating power with labels and other music-rights holders. While speculation can only confirm the future scaling of benefits available to both companies’ users, with Pandora’s user base of 74.7 million and Sirius XM’s paid subscriptions boasting 36 million users, the buyout will create a user base to rival Spotify, which leads in paid subscriptions at 83 million users as of June.
Once the deal goes through, the newly formed audio entity will be worth $30 billion, well competing with Spotify’s valuation of $23 billion after the company went public earlier this year.