Day: 5 novembre 2020

TikTok generated $115m of user spending in October 2020

The latest estimates for the monthly smartphone apps are out from research firm Sensor Tower, and there’s no change at the top of the top-grossing non-game apps list for October. TikTok generated $115m of user spending that month, according to the rankings. That’s more than six times the figure from October 2019, with 86% of it coming […]
The post TikTok generated $115m of user spending in October 2020 appeared first on Music Ally.
Source: Music ally

Youth Music reveals recipients of its £2m incubator fund

In July, British charity Youth Music announced a £2m incubator fund aimed at 18-25 year-olds in the UK, particularly from under-represented groups, with their music industry ambitions. Now it has revealed the 31 businesses that will be receiving grants of between £5k and £30k from the first round of the fund. The companies are all focused on […]
The post Youth Music reveals recipients of its £2m incubator fund appeared first on Music Ally.
Source: Music ally

Could podcast growth mean higher per-stream Spotify rates?

Midia Research has published a blog post about ‘understanding how Spotify thinks‘, spurred by its recent announcement of its new Discovery Mode feature – and the subsequent criticism from artists. It turns Spotify’s three interest groups – investors, audience, and rightsholders and creators – into a neat Venn diagram, but a sentence further down it jumped out […]
The post Could podcast growth mean higher per-stream Spotify rates? appeared first on Music Ally.
Source: Music ally

Socan reveals 2019 financials and plans to sell Dataclef assets

Canadian collecting society Socan has published its financial results for 2019. Its collections grew by 8.2% to $405.6m, including a 37.6% increase for its digital collections to $86m. However, distributions to its members fell by 6% to $296m, which Socan said was due to “the steep learning curve required for the company’s newly deployed technology to […]
The post Socan reveals 2019 financials and plans to sell Dataclef assets appeared first on Music Ally.
Source: Music ally

European music managers call for changes to streaming economy

The latest salvo in the debate about music streaming’s economics – and particularly royalties for artists – comes from the European Music Managers Alliance (Emma). In a statement issued this morning, it has praised streaming for returning the recorded music industry to growth, but claimed that “the fact that streaming services are still licensed on […]
The post European music managers call for changes to streaming economy appeared first on Music Ally.
Source: Music ally

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