The claims coincide with Universal Music Group’s efforts to toss a class action lawsuit carrying damages of $100 million. Perhaps the 2008 Universal Studios fire was just a bunch of billowing smoke? That seems to […]
Corporate Corner
Spotify Expands Strategic Partnership With Samsung, Bundling the App on Millions of New Mobile Devices
Spotify has expanded its partnership with Samsung, even bundling 6 months of Premium on select Galaxy devices. Last summer, Samsung officially unveiled a long-term partnership with Spotify. The new deal would allow the streaming music […]
Streaming Accounted for 75% of US Recorded Music Revenue Last Year, While Vinyl Sales Jumped 8%
Source: Digital Music News Breaking down key findings in the Year-End 2018 Report, the influential trade organization found recorded music revenue reached $9.8 billion. That’s up 12% year-over-year. Revenue from streaming music services increased 30%, […]
Pandora CEO Roger Lynch Forced Out Following SiriusXM Acquisition Approval
Pandora CEO Roger Lynch was unable to solve listener engagement issues. SiriusXM has released its operating and financial results for the fourth fiscal quarter and the full-year of 2018. The satellite radio company added 346,000 net […]
Amazon’s ‘Echo Auto’ Is Now Shipping to 1 Million Drivers In the U.S.
Smart speakers are the fastest growing tech category in the United States. Now, they’re threatening to transform car dashboards, with potentially huge implications for music. Amazon’s Echo currently leads the pack in a heated race […]
Mike Tyson Launching a Cannabis-Centered Music Festival for All Ages
Mike Tyson has a relatively new idea. The former heavyweight boxer has confirmed he’ll host a new music festival. Dubbed the Kind Music Festival(KMF), the event describes itself as one that “embraces cannabis as a legalized […]
What Streaming Music Services Pay (Updated for 2019)
Find out how much you’ll earn from the most popular streaming music services – Pandora, Napster, Spotify, Apple Music, Deezer, and more. Early last year, Digital Music News published its streaming royalty payouts list. Thanks […]
Thanks to Streaming, Warner Music Group Posts $4 Billion in Revenue for 2018
Streaming music revenue continues to increase Warner Music Group’s bottom line. Warner Music Group (WMG) has published its results for the fiscal fourth quarter and full year ended September 30th, 2018. For the first time in […]