Apple Music In The News

From Spotify’s 1,000 plays threshold to Taylor Swift’s blockbuster 1989 rerecording… it’s MBW’s Weekly Round-Up

The five biggest stories to hit our headlines over the past seven days

Taylor Swift is Apple Music’s Artist of the Year for 2023

Swift saw 65 songs reach Apple Music’s Global Daily Top 100 in the first 10 months of 2023

Private equity firm STG closes acquisition of music tech firm Avid in $1.4bn cash deal

Avid is the maker of Pro Tools and operates a DIY music distro service called AvidPlay

Audius rolls out music marketplace, partners with DistroKid and Beatport

Partnership will allow indie artists to upload their music to Audius

Grimes and CreateSafe partner with Slip.stream to make 200+ GrimesAI songs available to content creators

Partnership will allow creators to incorporate GrimesAI songs in their videos, podcasts and livestreams

Shazam launches personalized in-app concert discovery hub

New ‘Concerts’ feature makes use of users' Shazam history to deliver curated event recommendations

Bad Bunny breaks Spotify record for most-streamed album in a single day in 2023 so far

Nadie Sabe Lo Que Va A Pasar Mañana becomes most-streamed album on Spotify in a single day in 2023 so far

Citrin Cooperman reduces CRB III royalties windfall estimate for Hipgnosis Songs Fund by $11.8m, causing HSF board to halt October’s interim dividend

Reduction in calculation leaves HSF investors without an interim dividend, which was due to be paid on October 27