Music Business News: Chile

Sony Music and CTS EVENTIM acquire two ticketing firms in South America via joint venture

EVENTIM joint venture to acquire majority stakes in Punto Ticket in Chile and Teleticket in Peru

‘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

Spotify says it can hit 1bn users globally by 2030. But its MAU growth is slowing in Latin America.

MBW analysis shows that Spotify's LatAm MAU growth was smaller in 2021 than it was in 2020

Hi-Res music service Qobuz expands into Latin America and Portugal

Qobuz is now available in 25 countries

PortalDisc App is a new a ‘hyper-localized and hyper-targeted’ music streaming service in Chile

Platform offers 130,000 Chilean songs from 300 national labels and more than 7,000 independent artists,

Music startups saw funding levels sink by 67% in 2020 (report)

Funding for music startups fell from over $1bn in 2019 to $328.9m last year

Spotify users in Santiago, Chile are responsible for 400m reggaetón streams on the platform each month

Listeners in Santiago are responsible for 10% of the world's reggaetón streams

Spotify expands pilot of Premium Duo plan into 14 new Latin American countries

Plan is available in all Latin American countries that have Spotify except for Brazil