Music Business News: South America

YouTube’s TikTok rival Shorts expands into Brazil, Mexico, Canada, the UK and other regions

Rollout follows the platform's initial launch in India and the US

From Sony’s big spending to BTS streams on Spotify: It’s MBW’s Weekly Round-Up

The biggest stories from the past five days in the global music business

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,

Deezer signs strategic partnership with Brazilian Netflix rival Globoplay

Globoplay’s users can subscribe to Deezer Premium for free for 12 months

Sony Music is buying Som Livre, Brazil’s biggest homegrown record label, for $255m

MBW forecast a nine-figure buyout for Som Livre last month on these very pages

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

Why we believe streaming subscription ARPU fell by around 8% globally for the record industry last year

MBW runs the numbers from the IFPI's must-read new Global Music Report covering 2020

Global recorded music revenues grew 7.4% to $21.6bn in 2020, in spite of the pandemic

Paid subscription streaming revenues increased by 18.5% last year