Day: 22 janvier 2020

Downtown Music Holdings’ latest acquisition is… FUGA

Downtown Music Holdings, the parent company of Downtown Music Publishing and Songtrust, is buying distributor and music/tech services company FUGA, for an undisclosed amount.
The deal comes just 10 months after Downtown made a splash with the acquisition of AVL Digital Group, whose subsidiaries included CD Baby, AdRev, DashGo and Soundrop.
AVL is the entity making the acquisition of FUGA, which means that the latter will now be a sister company of CD Baby under the AVL umbrella. Downtown says that FUGA will “continue to function as a standalone business” within the group.
The post Downtown Music Holdings’ latest acquisition is… FUGA appeared first on Music Ally.
Source: Music ally

Amazon now has more than 55m music streaming users

Amazon has announced a big milestone for its music-streaming business: more than 55 million users.
“The streaming service has reached more than 55 million customers globally, with subscriptions to Amazon Music Unlimited growing by more than 50% last year alone,” claimed Amazon in its announcement.
In an accompanying interview with the Financial Times, music boss Steve Boom stressed that “nearly all” of the 55 million users are paying for a subscription, with only a small minority on the free, ad-supported tier that Amazon launched in the US last year.
“Amazon Music has grown nearly 50% year-over-year across the US, UK, Germany, and Japan and has more than doubled in our newer countries such as France, Italy, Spain, and Mexico,” continued the announcement.
The post Amazon now has more than 55m music streaming users appeared first on Music Ally.
Source: Music ally

Netflix revenues topped $20bn in 2019 after ‘strong finish’ to year

Netflix published its latest quarterly financial results yesterday, including its full-year figures for 2019. In that year, the company’s revenues reached $20.16bn, with its Q4 total of $5.47bn representing 30.6% growth year-on-year. Netflix ended 2019 with 167.1 million global streaming paid memberships, up 20% year-on-year having added nearly 8.8 million net new subscribers in the […]
The post Netflix revenues topped $20bn in 2019 after ‘strong finish’ to year appeared first on Music Ally.
Source: Music ally

Epic Games launches TikTok contest to find next Fortnite emote

The streams of the two biggest current digital youth-trends are crossing this month, as the publisher of Fortnite launched a dance contest on TikTok. The #EmoteRoyaleContest will be catnip for Fortnite’s tween’n’teen superfans too, as it gives them a chance to get their own dance routines added to the game as one of its ‘emotes’. […]
The post Epic Games launches TikTok contest to find next Fortnite emote appeared first on Music Ally.
Source: Music ally

Triller bags an official partnership for the Grammy Awards

The US Recording Academy may be in the thick of a full-blown crisis following the defenestration of its boss Deborah Dugan, but with the Grammy Awards imminent, it’s still business as usual on the latter front. That includes digital partnerships for the organisation’s flagship event. Buzzy social-music app Triller is on board for the 2020 Grammys, […]
The post Triller bags an official partnership for the Grammy Awards appeared first on Music Ally.
Source: Music ally

Sony’s 4th Floor Creative launches ‘This City’ podcast

British radio DJ Clara Amfo has launched a new podcast called ‘This City’, which will see her explore the streets of London “through the eyes of some of the city’s most recognisable names”. Available on all the usual podcast platforms, the interesting thing about it is that the podcast’s producer is Sony Music UK’s 4th […]
The post Sony’s 4th Floor Creative launches ‘This City’ podcast appeared first on Music Ally.
Source: Music ally

Indie body WIN reveals its five new board members

Global independent-labels trade body WIN has held elections for its board of directors, with five new executives joining the board. Francesca Trainini (PMI), Garry West (Compass Records), Jörg Heidemann (VUT), Lisa Levy (Robbins Entertainment), and Zena White (Partisan Records) are the five newbies, joining WIN’s 15-person board. “Francesca, Garry, Jörg, Lisa, Zena and Jason together […]
The post Indie body WIN reveals its five new board members appeared first on Music Ally.
Source: Music ally

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