Spotify In The News

Tencent Music users are ‘willing to pay’ for music produced with the company’s AI tools… and 3 other things we learned on TME’s latest earnings call

Key takeaways from Tencent Music Entertainment's latest earnings call

Tracy Chan, ex-Chief Content Officer at SoundCloud, joins AI music company Splash as Chief Executive Officer

Chan joined SoundCloud in 2022 and exited his role as CCO at the platform this month (March)

Joni Mitchell’s music is back on Spotify, a week after Neil Young’s music returned to the platform

Move comes more than two years after both artists removed their catalogs from Spotify

Musixmatch partners with AI company Runway to let artists generate AI-powered lyric videos

The tool can also directly export the compositions as 30-second clips to create assets for social media, and Spotify Canvas.

From the ‘secret’ composer behind 650 fake artists to BandLab’s 100m users… it’s MBW’s Weekly Round-Up

This week's biggest stories...

Streaming fraud leads to prison sentence for Danish man in case called ‘historic’ by artists’ groups

Streaming fraud and manipulated audio are two of the biggest headaches in music today, and a criminal case shows how the two go hand in hand

Music-making platform BandLab surpasses 100 million users

App has grown by 40 million users since January 2023

Global recorded music revenues rose 10.2% to $28.6bn in 2023, as paid subscriptions to music streaming services exceed 500m globally

IFPI has published its Global Music Report, which shows global trade revenues for the recorded music industry in 2023