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UK recorded music (trade) revenues increased by 8.1% YoY to GBP £1.43 billion in 2023. That’s according to the BPI, the recorded music trade association in the UK, the world’s third largest recorded music market behind the United States and Japan, respectively. That total £1.43 billion figure for 2023 converts to USD $1.77 billion at the average annual […]

France-headquartered streaming service Deezer’s soon-to-be-former CEO, Jeronimo Folgueira, has been raising the alarm for some time about low-quality content flooding music streaming services, degrading the user experience and diluting the money earned by legitimate artists. “There’s a lot of content now getting uploaded to our platform every week, and that number keeps growing and growing and

Live Nation‘s artist support program, On the Road Again, has been extended through 2024, providing much-needed financial help to developing musicians on tour. The program, launched in fall 2023, supports support developing artists and touring crews. It provides financial assistance and recognition in several ways including offering $1,500 in gas and travel money for each show played

A bill that would force China-based ByteDance to sell TikTok or face a ban in the US is one large step closer to becoming law, after passing through the House of Representatives. The Protecting Americans From Foreign Adversary Controlled Applications Act passed 253 to 65 on the House floor on Wednesday (March 13), with one lawmaker voting “present.” The

After an absence of more than two years, Neil Young’s music is returning to Spotify. Young, a six-decade veteran of the rock music scene known for his stints with Buffalo Springfield and Crosby, Stills, Nash & Young, as well as solo hits like Long May You Run and Harvest Moon, announced on his website on Tuesday (March 12) that his music would be returning

Stu Bergen has been appointed interim CEO of France-headquartered music streaming platform, Deezer. His appointment to the CEO role, effective April 1, 2024, follows the recent publication of the company’s financial results for 2023 and the departure of its CEO, Jeronimo Folgueira. Deezer generated revenues of €484.7 million in 2023, up 7.6% YoY at constant currency. The company counted 10.5 million global

Paris-headquartered music company Believe generated annual revenues of €880.3 million in 2023. That revenue figure converts to USD $952.7 million (at average annual exchange rates as per the IRS). The company’s full-year financial results (its third set of full-year results since floating on the Paris Euronext in 2021) were published on Wednesday, (March 13). According to Believe‘s filing on Wednesday, its

The move challenges YouTube, the dominant player globally in the music video streaming space. The beta version of Spotify’s music videos rolls out today (March 13) with a “limited catalog” of music videos, including hits from artists like Ed Sheeran, Doja Cat, Ice Spice, Aluna and Asake. The 11 markets include the UK, Germany, Italy, the Netherlands, Poland, Sweden, Brazil, Colombia, Philippines, Indonesia, and Kenya.

SOUNDRAW, an artificial intelligence-powered beat and track generator, has raised $3 million in funding as it continues to grow its platform which has so far garnered a following of over 557,000 creators. The investment round was led by Carbide Ventures, with participation from other investors including mint VC, Ceres, iSGS, SMBC Venture Capital, Deepcore, and Kazuomi Kaneto. Notably, Paul Rosenberg, CEO of Goliath Artists and

TikTok’s ‘Add to Music App’ – a feature that allows TikTok users to save songs they hear on the platform to their music streaming accounts – rolled out in the US and UK last November, and was expanded to another 19 countries – including France, Germany and Japan – the following month. In February, the feature saw a mass roll-out in