Day: 17 août 2020

Spotify wants to ‘imagine new possibilities’ for audiobooks

When Spotify bagged an exclusive on a new J.K. Rowling audiobook – a celebrity re-reading of Harry Potter and the Philosopher’s Stone – we wondered if it hinted at ambitions to do more with audiobooks.
Now look: Spotify is recruiting a head of audio books for its Spotify Studios division, based in either New York or LA.
“In this role, you will be responsible for the creative oversight, content strategy, editorial and programming, and execution of our Audiobook strategy,” explains its job ad, which was spotted and tweeted by freelance strategy director Katya Kotlyar.
The post Spotify wants to ‘imagine new possibilities’ for audiobooks appeared first on Music Ally.
Source: Music ally

San Juan Symphony launches $99 ‘digital season’ passes

If you thought getting concerts up and running again with four-piece bands was tricky, imagine doing it with an orchestra.
The classical music industry has been hit for six by Covid-19 lockdowns just like the rest of the music business, but there are also orchestras figuring out alternative, digital models to start their recovery.
The San Juan Symphony orchestra, for example, is launching a digital season pass called ‘Essential’, which will cost $99 and provide access to four concerts filmed at different locations.
The post San Juan Symphony launches $99 ‘digital season’ passes appeared first on Music Ally.
Source: Music ally

Warner Music acquires viral content firm Imgn Media

Warner Music Group’s latest acquisition is an intriguing one: of Israeli company Imgn Media, which creates videos and memes designed to go viral on platforms like TikTok and Instagram.
TechCrunch reported that WMG paid “just under $100m” for the company, which claims that its content generates more than 3bn views a month, with more than 40 million subscribers (i.e. people who follow its channels on the social apps, not paying subscribers).
The post Warner Music acquires viral content firm Imgn Media appeared first on Music Ally.
Source: Music ally

Tencent’s WeSing is keeping China’s karaoke sector thriving

Karaoke is enormously popular with people of all ages in China, with millions flocking to ‘KTV venues’ [karaoke bars] to partake in singalongs.
The Chinese government’s 2019 China Music Industry Development Report valued the karaoke sector at RMB 101.07bn (nearly $14.6bn) in 2019, up 12.3% year-on-year with that rise driven in part by online karaoke services.
Tencent’s app WeSing (known as K Song in China) is the biggest player, estimated to account for 77% of online karaoke users in China, including a younger, wealthier demographic. 25-29 year-olds are 50.3% of its user base, with half of them having high incomes and living in major cities like Beijing.
The post Tencent’s WeSing is keeping China’s karaoke sector thriving appeared first on Music Ally.
Source: Music ally

NetEase Cloud Music saw ‘triple-digit revenue growth’ in Q2

Chinese technology firm NetEase published its latest financial results last week, with no new figures for its NetEase Cloud Music streaming service. However, the service was mentioned in the subsequent earnings call with analysts.
“For NetEase Cloud Music, we continued to see triple-digit revenue growth in the second quarter year over year, with both membership and live streaming striking new highs,” said chief financial officer Charles Yang.
That revenue total wasn’t quantified, but NetEase Cloud Music sits within NetEase’s ‘innovative businesses and others’ category in its financials, which saw revenues grow by 39% year-on-year to RMB 3.7bn ($533.4m) last quarter.
The post NetEase Cloud Music saw ‘triple-digit revenue growth’ in Q2 appeared first on Music Ally.
Source: Music ally

Trump sets new deadline of 12 November for TikTok US sale

Earlier this month, President Trump set a 45-day deadline after which transactions by US companies with ByteDance or Tencent’s WeChat would be banned.
That was seen as a deadline for a sale of TikTok’s US operations, but now a new executive order from the president has set a longer deadline for that.
ByteDance has been ordered do divest all its interests and rights in TikTok’s US operations, as well as permanently destroying any data on US citizens it has obtained from TikTok, or the Musical·ly app that was acquired and merged with it.
The post Trump sets new deadline of 12 November for TikTok US sale appeared first on Music Ally.
Source: Music ally

Facebook launches paid livestreams (and takes a pop at Apple)

Throughout the Covid-19 pandemic, musicians offering livestreams have been exploring the different ways to make money from them. Paid ticketing has tended to be restricted to the smaller livestreaming companies, while on the bigger social/video platforms (Facebook/Instagram, YouTube and Twitch) it’s been more about free streams and revenue from virtual item sales and/or merchandise.
So, here’s news from Facebook. “Today we’re launching the ability for businesses, creators, educators and media publishers to earn money from online events,” it announced on Friday. “Now Page owners can create an online event, set a price, promote the event, collect payment and host the event, all in one place.”
The launch covers 20 countries, ranging from the US, UK, Germany and France to Mexico, Brazil, India and Singapore (the full list is here) and will be available to pages that qualify for Facebook’s ‘partner monetisation policies’. The social network said it will not be taking a cut of any revenues from paid events for “at least the next year”. That means 100% of the money will go to creators. Well, usually…
The post Facebook launches paid livestreams (and takes a pop at Apple) appeared first on Music Ally.
Source: Music ally

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