Facebook and Apple revenues booming despite Covid-19 pandemic
Facebook and Apple both announced their latest quarterly financial results yesterday, with strong growth in revenues despite the Covid-19 pandemic. Facebook’s Q4 revenues were up by 33% year-on-year to $28.07bn, helping the social network turn a net profit of $11.22bn. It had 1.84 billion daily active users (up 11% year-on-year); 2.8 billion monthly active users (up […]
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Source: Music ally
Study: Spotify has 80.7% of Mexico’s music streaming market
We’ve known Spotify was big in Mexico for some time now, but a new study claims that the company has an 80.7% share of the music streaming market there. The study comes from The Competitive Intelligence Unit (CIU), and claims that YouTube Music is in second place with 5.1% of the market, followed by Apple Music (4.5%) […]
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Source: Music ally
Big Hit Entertainment investing in K-Pop rival YG Entertainment
As we’ve found out when reporting on any story comparing BTS and Blackpink, different K-Pop fandoms can be… competitive. So it’s anyone’s guess what they’ll make of the news that BTS’s parent company Big Hit Entertainment is planning to invest 70bn won (around $63m) in rival YG Entertainment, which includes Blackpink, Bigbang and Psy among […]
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Source: Music ally
PRS for Music’s livestreaming licence sparks another row
In December, UK collecting society PRS for Music’s proposed tariff for livestreamed concerts drew an angry response from manager and artist bodies MMF and FAC, claiming that it would make livestreams “unviable” for artists of all sizes. Yesterday, PRS launched its new ‘Online Live Concert‘ licence for small events – those earning less than £500 in […]
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Source: Music ally
French study offers new data on impact of user-centric payouts
One of the things that’s been clear in the debate about user-centric models for paying out streaming royalties – primer here if you need it – is that we need more studies based on recent data from big streaming services. So, news this week of a new study commissioned by the National Music Centre (CNM) in France from […]
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Source: Music ally