Apple Music In The News

After TikTok and SoundCloud, Tencent Music is a distributor now too

TME has already distributed and promoted more than 150,000 songs to overseas platforms

Having paid $222m to artists in 2021, TuneCore has now surpassed total payouts of $2.5bn

Artists using the platform have achieved 500bn streams and 700m downloads

Seven years after its IPO collapsed, Deezer is in talks to to go public again – via a SPAC

Len Blavatnik's Access took control of Deezer via an equity acquisition in 2016

Latin music is on course to generate over $1 billion in the US in 2022

MBW calculations suggest that Latin music claimed a near-7% market share of US streaming revenues last year

Marketing and distribution platform Intercept Music launches in partnership with Method Man

Intercept Music is a wholly-owned subsidiary of Sanwire Corporation

Apple’s music recognition app Shazam is also a concert discovery platform now

Shazam now counts over 225 million monthly active users

Muni Long partners with Def Jam Recordings via Supergiant Records label

Breakthrough hit Hrs & Hrs has racked up over 150m streams

From Believe’s $682m revenues to music’s next big-money buyout: It’s MBW’s Weekly Round-Up

The biggest stories from the past week – and why they matter