Day: 6 février 2019

Study explores how smartphone ownership trends vary globally

“Today, it is estimated that more than 5 billion people have mobile devices, and over half of these connections are smartphones,” explains the latest study from the US-based Pew Research Center. It proceeds to explore some of the differences between countries: fertile material for anyone in the music industry thinking about smartphone habits around the […]
The post Study explores how smartphone ownership trends vary globally appeared first on Music Ally.
Source: Music ally

Snapchat narrows losses but daily-user growth is still flat

Snapchat’s parent company Snap, Inc published its latest quarterly financial results yesterday, and while there are still headaches for the company, the actual business is growing well. Snap’s Q4 revenues were up by 36% to a record $390m, while its losses narrowed from $350m in Q4 2017 to $192m a year later. However, Snapchat’s daily […]
The post Snapchat narrows losses but daily-user growth is still flat appeared first on Music Ally.
Source: Music ally

Swizz Beatz on streaming: ‘The creatives should be 50/50’

Producer and artist Swizz Beatz has called for artists to get a bigger share of streaming royalties. “I’m friends with all the streaming companies, but what I will say on record to them is we’re not getting enough money for those services and those companies to be trading for billions of dollars,” he told MarketWatch. […]
The post Swizz Beatz on streaming: ‘The creatives should be 50/50’ appeared first on Music Ally.
Source: Music ally

Deezer bags former Turner exec to be its MENA CEO

As music-streaming competition heats up in the Middle East, Deezer has announced a new boss for the region: Tarek Mounir. He will join the company on 1 April as CEO for MENA and Turkey, with a focus on ‘growing Deezer’s B2B and advertising business’ in the region, as well as working with its global team […]
The post Deezer bags former Turner exec to be its MENA CEO appeared first on Music Ally.
Source: Music ally

Former BMG exec Zach Katz launches music-tech investment fund

Until December 2018, Zach Katz was BMG’s president of US repertoire. Now he’s turning music/tech investor, in partnership with manager Scooter Braun, cryptocurrency firm Ripple, and Something Gold boss Shara Senderoff. They’ve co-founded an investment firm called Raised in Space Enterprises, which will focus on music/tech startups. Billboard reported that the company will look to […]
The post Former BMG exec Zach Katz launches music-tech investment fund appeared first on Music Ally.
Source: Music ally

There are 66m smart speakers in the US – and 70% are Echos

Research firm Consumer Intelligence Research Partners (CIRP) has issued its latest estimates on the smart-speaker market in the US. It claims the number of speakers in use grew from 37m at the end of 2017 to 66m at the end of 2018, including 13m bought in the fourth quarter of the year. The relative market-shares […]
The post There are 66m smart speakers in the US – and 70% are Echos appeared first on Music Ally.
Source: Music ally

Universal Music and Sony Music face new artist lawsuits

Two of the three major labels are facing new class-action lawsuits filed in New York, which focus on the right of artists under the so-called ’35-year law’ there. That’s the legislation that in theory allows artists to file Notices of Termination to regain ownership and control of their copyrights 35 years after that music was […]
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Source: Music ally

Spotify buys podcasting firms Gimlet Media and Anchor

Rumours that Spotify was about to shell out $200m-plus on podcast production company Gimlet Media were correct: the acquisition was announced today. But Spotify is also buying a second company, Anchor, which makes an app that people can use to create their own podcasts.
The value of the acquisitions has not yet been announced (Spotify may be pressed on that in its earnings call this afternoon, following the announcement of its Q4 financials.)
CEO Daniel Ek did publish a blog post outlining the grand strategy behind these acquisitions: Spotify’s push in to podcasting.
The post Spotify buys podcasting firms Gimlet Media and Anchor appeared first on Music Ally.
Source: Music ally

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