Day: 21 octobre 2020

Snapchat now has 249m daily active users and booming AR usage

In our latest Music Ally report, we examined how Snapchat had bounced back from a worrying-looking flattening of its user growth in 2018. That bounceback is continuing, judging by parent company Snap’s financial results for Q3 2020.
Snap said that Snapchat ended the quarter with 249 million daily active users (DAUs), up by 18% year-on-year. It also means that Snapchat added 11 million net new users in Q3 alone.
Not that this is helping it make a profit yet: Snap’s revenues grew by 52.1% year-on-year to $678.7m, but it still recorded a net loss of just under $200m.
The post Snapchat now has 249m daily active users and booming AR usage appeared first on Music Ally.
Source: Music ally

Netflix growth slows but 200m subscribers milestone is in sight

Netflix warned investors that its subscriber growth was going to slow in the second half of this year, and it has. The video streaming service added 2.2 million net new paid subscribers in the third quarter, taking it to just under 195.2 million overall.
Netflix also said that it expects to pass 200 million subscribers (201.2 million to be specific) by the end of 2020.
The slowdown in growth was clear though: Netflix added 15.8 million subscribers in Q1 and 10.1 million in Q2. The 2.2 million in Q3 was below Netflix’s guidance of 2.5 million, which is one reason why its share price dipped following the announcement of its financial results yesterday.
The post Netflix growth slows but 200m subscribers milestone is in sight appeared first on Music Ally.
Source: Music ally

US Justice Department files antitrust charges against Google

The US Department of Justice has filed a civil antitrust lawsuit against Google, accusing it of “unlawfully maintaining monopolies through anticompetitive and exclusionary practices in the search and search advertising markets”.
It’s the latest (and biggest) move in the US antitrust debate over big tech companies, following the recent high-profile hearing involving Google, Apple, Facebook and Amazon.
The DoJ is going in hard, too. “This lawsuit strikes at the heart of Google’s grip over the internet for millions of American consumers, advertisers, small businesses and entrepreneurs beholden to an unlawful monopolist,” said attorney general Bill Barr.
The post US Justice Department files antitrust charges against Google appeared first on Music Ally.
Source: Music ally

George Michael joins Prince and John Lennon on TikTok

It sounds like a supergroup for the ages, doesn’t it? But what George Michael, Prince and John Lennon have in common is that their estates and labels have been working with TikTok to bring their legacies into the world of short video clips.
A licensing deal for Prince’s music plus an official TikTok profile came in June, followed by a similar partnership for John Lennon earlier this month. Now George Michael, courtesy of a deal with Sony Music UK.
As with the previous deals, this’ll see a selection of Michael’s music made available for TikTokers to use in their videos, along with an official profile with footage from his career. It’s early days, but the clip blending ‘Fast Love’ and UK Prime Minister Boris Johnson suggests the account has a decently impish sense of humour.
The post George Michael joins Prince and John Lennon on TikTok appeared first on Music Ally.
Source: Music ally

Amazon launches Breakthrough Live weekly livestreams series

The timing may be awkward given the renewed DMCA takedown notices currently battering Twitch, but Amazon Music is stepping up its livestreaming activity, including with its sister platform.
It’s launched a new weekly show called Breakthrough Live, which will air live performances from artists in a different genre every Tuesday. The show will be broadcast live both on Amazon Music’s Twitch channel, and within the Amazon Music mobile app.
It’s part of Amazon’s wider Breakthrough program focusing on emerging artists – its equivalent to Spotify’s Radar or Apple Music’s Up Next. The service has also launched a series of genre-specific Breakthrough playlists, which will include the artists performing on the new weekly show.
The post Amazon launches Breakthrough Live weekly livestreams series appeared first on Music Ally.
Source: Music ally

Report claims Spotify has overtaken Apple in key markets for podcast listeners

Reputable figures breaking down the global podcasts market are hard to come by, but there’s been a general consensus that Apple Podcasts (formerly iTunes) has been the biggest platform by far; that the rest of the market is very fragmented; and that Spotify’s aggressive move into podcasts meant it was growing fast to finally become a competitor to Apple with real scale.
Now Midia Research has put out a report suggesting that it’s gone further than that. “Spotify is now firmly established as the most widely used podcast platform,” claimed the company. “In Q2 2020 42% of podcast listeners used Spotify, 10 points ahead of Apple in second place. This does not necessarily mean that it yet leads in terms of volume of listens, but it is the platform that the largest share of regular podcast listeners visit.”
The post Report claims Spotify has overtaken Apple in key markets for podcast listeners appeared first on Music Ally.
Source: Music ally

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