Music Industry Has an Advertising Problem; Spotify Hits 138M Subscribers, Podcast Consumption Doubles

Numbers suggest that alarm bells are starting to ring for Universal, Sony and Warner over ad revenue — especially in “mature” streaming markets. Will they take action?

“Gone are the days of Top 40, it’s now the Top 43,000,” Spotify said.

The amount of content listened to on Spotify had returned to the same levels they were at prior to the pandemic, the company says. It also said that overall podcast consumption has more than doubled.

Renée Fleming continues the Metropolitan Opera’s “Met Stars Live in Concert” series on August 1.

“Who knows how long they’ll be out of work?”

There are several interesting details about the Rdio service but perhaps the most revealing for me was discovering that this music service took “queuing” seriously almost a decade ago.

Irish business of studio giant amplified by annual revenue rise of 7%

“Before streaming platforms, it was near impossible to practically and affordably sample new music the way we do now. And this makes streaming platforms a useful tool for creative inspiration, one that we should all probably use more,”

Music streaming has become an essential part of a young person’s lifestyle.

In a recently published report, several British MPs appeared to suggest that a formal investigation into streaming music royalties is forthcoming.

Backing music of favorite K-pop artists and making money out of it is gaining attraction as a hybrid investment to monetize on K-pop fever and fandom.