Music Business News: United States

‘Super listeners’ make up 2% of artists’ monthly listeners on Spotify, but account for over 18% of monthly streams

Spotify publishes a study on what it calls 'Super listeners' aka superfans

Audio engineer marketplace EngineEars, founded by Grammy-winning MixedByAli, secures investment from LVRN co-founders, EMPIRE’s Ghazi and more

EngineEars secures backing from a prominent group of new investors

Independent music company LVRN teams up with Audiomack to identify and develop emerging artists

Companies will also devise marketing strategies and promotions to support emerging talent

Concord has $550m in fresh funding, a recent expansion in Australasia and now a new CEO. What’s its next move?

Bob Valentine answers MBW's questions on his leadership plans and the state of the acquisitions marketplace

BMI ‘in discussions with outside parties’ after scrapping sale plans in 2022

BMI President & CEO Mike O’Neill issued a memo to staff addressing the company's reported sale talks and says, 'no final decisions have been made'.

‘Monthly Active Users’ tells us something, but not nearly enough…

The following MBW analysis comes from Russ Crupnick, Managing Partner of MusicWatch

Universal Music generated $2.93bn in Q2 – boosted by sales from superstars like Taylor Swift and King & Prince

Universal Music Group's Q2 revenues up 8.8% YoY at constant currency

YouTube generated $7.66bn in ad revenues in Q2, up 4.4% YoY… and more than double what Spotify generated across its entire business in Q2

$7.67bn generated from YouTube ads in Q2 was up 4.4% YoY increase