Tech body predicts 33% growth for US music subscriptions in 2019
The US recorded-music market enjoyed healthy growth in 2018, with retail revenues up by 12% to $9.8bn, while on the industry-revenues side, music subscription income grew by 32% to $5.4bn. It was the third straight year of double-digit growth overall for the world’s biggest music market, as the US averaged 50.2m paid subscriptions for the year. […]
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Source: Music ally
Chinese streaming service Xiami Music adds MQA hi-res audio
Chinese technology company Alibaba’s music-streaming service, Xiami Music, is hoping to steal a march on rivals by boosting its sound quality – via a partnership with hi-res audio firm MQA.
Xiami will be using MQA’s technology for the ‘SVIP’ tier of its service, initially within its Android and iOS apps. It will also be giving all its users a free trial of the higher-quality music, before requiring them to start paying for an SVIP subscription to continue listening to it.
“We are very proud to be the first music service in China to offer MQA, as we continue to push the technological boundaries in pursuit of improved sound quality to benefit our music fans and all musicians on our platform,” said Xiami Music director Long Yang in a statement.
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Source: Music ally