News Following app debacle, Sonos slashes 12% of workforce amid takeover talks The company has laid off 200 people ahead of the release of its fiscal Q1 results
Analysis News TikTok’s parent company quietly launched a music licensing platform called EasyOde ByteDance appears to have a service in the works that could shake up the global music licensing market.
Analysis News K-Pop in crisis? Around 93m albums were sold in South Korea in 2024 – 23m fewer than in 2023 New data shows that, even as K-Pop gets bigger in the US, album sales declines in its home country in 2024
News FireAid concerts drew 50m viewers, raised $100m for wildfire relief efforts The money will be used for immediate and long-term recovery needs as California picks up the pieces from the recent wildfires
News Reservoir raises full-year guidance again as revenue jumps 19% to $42.3m in calendar Q4 Price hikes and subscriber growth at streaming services sent Reservoir's revenue up by double digits in the company's fiscal Q3
News TuneCore says that tracks within its ‘Accelerator’ platform clocked 21bn streams in 2024, as number of artists on the program nears 450,000 "Artists across all genres are seeing their stream numbers skyrocket," TuneCore says in its latest report on the Accelerator program
News Spotify market cap value tops $124bn – as stock price hits record high after posting first full year of profit Spotify’s shares jumped 13% on Tuesday to $621.77, crossing the $600 threshold for the first time
News HYBE doubles down on Latin America with new label, signs Mexican artist Meme del Real Del Real, known for his work with multiple Latin Grammy Award-winning rock band Café Tacvba, has already released his first single under the new label
News YouTube’s quarterly ad revenues top $10bn for the first time in Q4 2024 Despite growth in ads, Alphabet's shares sank in pre-market trading as investors digested the company's revenue miss
News Apple Music launches its ‘best offer ever’ – a six-month trial for $2.99 The timing of the promotion comes as Apple Music promotes Kendrick Lamar’s Super Bowl LIX Halftime Show performance on Sunday (February 9)
News Spotify slams the NMPA’s takedown action over alleged unlicensed songs in podcasts: ‘This is a press stunt.’ Spotify confirms that is investigating the takedown requests
News Virgin Music Group expands presence in Africa, partnering with Ghana-based services company RainLabs The partnership's goal is to ensure that the music of African artists “reaches global audiences and achieves lasting success"
News NMPA hits Spotify with ‘extensive’ takedown action over alleged unlicensed songs in podcasts The publishers' group says Spotify has known 'for years' about widespread violations of music copyrights on the podcasts it hosts
News US court says copyright termination applies globally, potentially causing ‘chaos’ for rightsholders "While the plaintiffs’ arguments are clever, it’s unlikely they’ll ultimately hold up"
News Warner Music Group and Audiomack expand licensing deal to cover 47 additional countries Partnership began in 2019 and was Audiomack’s first licensing deal with a major music company