Today’s positive coronavirus-related industry stories (28 April)
TikTok is launching a new feature, ‘Donation Stickers’, that will enable creators on the app to encourage their followers to donate to charities. This isn’t only about music, but music industry charities MusiCares and Help Musicians are two of the first to be supported through the feature. The stickers can be added to videos, and […]
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Source: Music ally
Spotify launches ‘Daily Wellness’ music and podcasts playlist
Spotify unveiled its latest personalised playlist yesterday, although for now ‘Daily Wellness’ is only available in the US and UK. Like ‘Your Daily Drive’ which launched in June 2019, the new playlist blends music and podcasts, except the focus now is on helping listeners find “positivity, mindfulness, or peace” throughout the day. Also new: ‘Daily Wellness’ […]
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Source: Music ally
Saudi Arabian fund acquires 5.7% stake in Live Nation
The sovereign wealth fund of Saudi Arabia has acquired a 5.7% stake in Live Nation, for a price estimated at nearly $500m. Live Nation is a public company, so this was a transaction on the open market, revealed in a filing by the ‘Public Investment Fund’ with the US Securities and Exchange Commission (SEC). According to Billboard, this […]
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Source: Music ally
Report: subscriptions growth ‘relatively unaffected’ by Covid-19
We’ll put the big caveat up front: predicting the impact that the Covid-19 coronavirus will have on any industry or sector this year rests on the supremely shaky notion that anyone can predict what will happen with the pandemic itself over the next eight months. Some countries are getting back to work and easing social […]
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Source: Music ally