Day: 3 juin 2020

Warner Music Group delayed IPO share-pricing until today

Last week, Warner Music Group filed to go public in its IPO: you can read our analysis of the filing’s juicier bits here. According to the Financial Times, WMG was planning to announce the pricing for its shares in the IPO yesterday – which would in turn reveal the valuation of the company – but decided to […]
The post Warner Music Group delayed IPO share-pricing until today appeared first on Music Ally.
Source: Music ally

Spotify ‘Sound Up’ podcast program returns for third year

Spotify’s ‘Sound Up’ program aims to help people from underrepresented backgrounds take their first steps into the podcasting world. 60 people have so far gone through its program in the US, UK, Germany and Australia, with more than 20,000 having applied over the first two years of the scheme. Now Spotify is launching the third […]
The post Spotify ‘Sound Up’ podcast program returns for third year appeared first on Music Ally.
Source: Music ally

Streaming’s latest challenge is ‘fake features’ on tracks

Spotify’s management team must quiver every time they see the word ‘fake’ deployed in a headline, given past controversies around ‘fake artists‘, ‘fake albums‘ and ‘fake streams‘ on the service. But here we are with another one for the list: fake features. OneZero has a story about how “scammers are gaming Spotify by faking collaborations […]
The post Streaming’s latest challenge is ‘fake features’ on tracks appeared first on Music Ally.
Source: Music ally

Kobalt chairman thinks publishing revenues will dip in 2020

Recently, Goldman Sachs published a report with new predictions for music industry revenues in 2020, Covid-19 impact included. It forecast a 75% drop for live music revenues, but growth of 3% for recorded music and 3.5% for music publishing in 2020. Kobalt founder and chairman Willard Ahdritz isn’t so sure. “Overall I do believe that […]
The post Kobalt chairman thinks publishing revenues will dip in 2020 appeared first on Music Ally.
Source: Music ally

African streaming service Boomplay now has 75m users

As one of the main pan-African music streaming services, Boomplay has grown rapidly in the past couple of years. In July 2018 it had 17 million monthly users, but grew this to 53 million by August 2019, and then 62 million by the end of that year. The latest figure for Boomplay is 75 million users, with 86% […]
The post African streaming service Boomplay now has 75m users appeared first on Music Ally.
Source: Music ally

12m SoundCloud creators get heard every month (but 13m don’t)

This year’s Midem music industry conference is online-only, with new video sessions being published daily this week. One of today’s crop sees SoundCloud’s Kerry Trainor, Downtown Music’s Justin Kalifowitz and Raine Group’s Fred Davis discussing artist and label services. Trainor dropped an interesting pair of stats about his platform. “On SoundCloud we have content from […]
The post 12m SoundCloud creators get heard every month (but 13m don’t) appeared first on Music Ally.
Source: Music ally

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