Music Business News: United States

Spotify had 44.4m US subscribers in February, Apple Music had 32.6m, according to new data

Stats were revealed at the NMPA annual meeting on June 14

Sofar claims that artists have generated nearly $650m in ticket and merch sales via its self-serve listings tool since the pandemic

Company revealed the figure in a recent blog post

Create Music Group acquires MusicForPets, plans $10m investment to expand in the ‘music for pets’ space

Music For Pets has gained popularity through its franchises like 'Relax My Dog' which has 1.47m YouTube subscribers

Watch out YouTube, Spotify’s considering adding full-length music videos to its app (report)

Bloomberg reports that Spotify is in discussions to test full-length music videos in its app

Universal to acquire catalog of Thailand’s RS Group, inks partnership to expand presence in the market

RS Group is claimed to hold the second largest music catalog in Thailand

Meet Ripple: TikTok parent’s new AI-powered music-making app that can turn a hummed melody into a song

ByteDance's free-to-use music production app features: a 'Melody to Song' generator and a virtual recording studio

Canva inks deals with Warner and Merlin to let creators use songs in their content

Canva has built a user base of around 135m

SoundCloud tackles what it calls the ‘Zero Plays problem’ with AI-Powered ‘First Fans’ feature

Algorithm will use AI technology developed by Musiio