Music Business News: Europe

Why ingesting 100,000 tracks a day may not prove sustainable for Spotify’s business in the long-term.

Why it's worth keeping an eye on Spotify's hosting costs as over 100k tracks a day hit streaming platforms

Amazon expands Prime member music access to catalog of 100m songs

Catalog access increases from 2m to 100m songs for Prime members

Abbey Road Studios to host free 3 day festival with masterclasses for artists, producers and composers next week

Attendance to this year’s event in London next week is free by entering a ballot

Sir Lucian Grainge on the dilution of the majors’ music on streaming platforms, TikTok’s future and more

Grainge participated in a Q&A on Universal Music Group's Q3 earnings call last week

Deezer revenues grow 13.8% YoY in Q3, but total subscribers fall 2.5% to 9.4m

Streaming company publishes results for Q3 2022

Universal generated nearly $1 billion from subscription streaming in Q3, as overall revenues grew 13.3% YoY

UMG published its financial results for the three months to end of September 2022

Global songwriter royalty collections topped $10bn in 2021, but were still below pre-pandemic levels

CISAC has published its Global Collections Report 2021

HODL the Line: The future of Web3 in the music industry

Gregor Pryor, Head of Entertainment & Media at law firm Reed Smith, explores the future of Web3 investment in the music industry