Apple Music In The News

Duetti, a startup led by Tidal’s former COO, plans to buy and monetize independent artists’ rights – report

Startup raised $7m in a seed funding round in July

SoundCloud’s revenues grew 19% YoY to $273m in 2021. Now it’s predicting that ‘fandom will be the next big format for the music business’.

2021 was the first year that SoundCloud's annual revenues topped a quarter of a billion dollars

Bad Bunny grosses $435m from 81-date tour in 2022, setting new all-time calendar year record

Previous record was set by Ed Sheeran in 2018 for his Divide tour, which amassed $432.3m

Music now has over 616 million paying streaming subscribers globally

Research firm estimates that Tencent Music Entertainment (TME) overtook Amazon Music to become the third largest DSP globally at the end of 2021

TuneCore has paid out $3bn to self-releasing artists to date

TuneCore reported further that its music publishing division has paid artists close to $90 million to date

Hipgnosis Songs Fund revenues climb 7.5% YoY, streaming revenues up 15.8% YoY, in most recent half-year period

Positive signs for Merck Mercuriadis-led company in latest set of public figures

In 2021, Bad Bunny was the world’s biggest artist on Spotify with 9bn streams. This year, he doubled that tally.

Bad Bunny received more than 18.5 billion streams this year

With more than 18.5bn streams in 2022, Bad Bunny is Spotify’s most-streamed artist globally for third straight year

Streaming giant unveils its Spotify Wrapped feature and stats for 2022