Universal Music expands leadership team for India and South Asia
Universal Music Group has been very active in India in recent times, from its VYRL Originals non-film-music label (which we wrote about in November 2019) to its launch of Mass Appeal India in partnership with rapper Nas, and that label’s signing of Indian star Divine. Now UMG is preparing for its next push with an expansion of its […]
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Source: Music ally
Streaming service Akazoo had 5.5m subscribers at end of Q3 2019
We’ve got our first update for our recently published post listing the biggest global music streaming services by subscribers. Akazoo, which focuses on emerging markets in territories like eastern Europe and Latin America, ended September 2019 with 5.5 million premium subscribers. The figure, disclosed in a financial filing, was up 28% year-on-year. Meanwhile, Akazoo’s registered users […]
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Source: Music ally
A BTS-fuelled IPO is still on for Big Hit Entertainment
Warner Music Group is having an IPO. Universal Music Group will be having an IPO. And now K-Pop giant Big Hit Entertainment’s plans for its own initial public offering appear to be progressing too. The company, whose biggest star is BTS, has now chosen the banks and brokerage firms who’ll be handling its IPO, according […]
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Source: Music ally
Spotify reveals trends (not user numbers) from first year in India
“It’s been exactly 12 months since Spotify launched in India, and my, how we’ve grown,” is how the streaming service began a birthday blog post this morning. Unfortunately, what follows are NOT any figures showing how it’s grown in user numbers there since reporting two million in April last year. Instead, the blog post focuses on the […]
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Source: Music ally
T-Series’ main YouTube channel reaches 100bn views milestone
Indian music company T-Series’ flagship YouTube channel has been the most popular channel on the video service for some time now. After a lengthy (and sometimes controversial) battle with gamer PewDiePie for top spot, T-Series has accelerated away: it now has more than 130 million subscribers compared with PewDiePie’s 103 million – a gap that opened up even […]
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Source: Music ally
Sony Music and The Orchard held a machine-learning hackathon
Sony Music, The Orchard and Amazon Web Services held a machine-learning focused hackathon last week. Music Ally couldn’t make the event, so we asked if Sony could give us some information about the winning hacks. The label group came back with a full report on the event, quotes’n’all. So, in its own words, here’s what went down at Music ML 2020.
“Music ML 2020 is the second annual hackathon held by Sony Music, The Orchard and Amazon Web Services (AWS) and the first to be expanded out of the US. The Orchard office hosted the New York competition and Sony Music simultaneously hosted in London over the course of three days. The hackathon’s primary purpose is to allow cross-functional teams of industry professionals to create business solutions at the intersection of music and machine-learning.
Each team was tasked with creating a proof-of-concept for a new machine-learning solution that would positively impact the business. At The Orchard, teams worked daily to connect fans to songs, albums, and videos from their favourite artists across the globe.
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Source: Music ally