Analysis News Tencent Music Entertainment reached 99.4m paying subscribers in Q2, as music revenues jumped 47.6% Tencent Music Entertainment, China’s largest operator of music streaming services, has published its Q2 results
Analysis News 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
Analysis 15% of the general population in the US are ‘superfans.’ Here’s what that means for the music business. Recent stats published by US market monitor Luminate highlight the impact that superfans are having on the music business
Analysis News 100 million AI-generated tracks have been created by music platform Mubert Figure is roughly equal to the entire catalog of tracks available on Spotify
Analysis News 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
News Meta just released an AI music generator that was trained on 20,000 hours of licensed music Researchers at Facebook's parent company have developed an AI text-to-music generator called MusicGen
Analysis News Stray Kids break K-pop sales record, achieving over 5.1m pre-orders for their new album 5-Star Seventeen's album FML racked up 4.64m pre-orders
Analysis News There are now 120,000 new tracks hitting music streaming services each day A total of 10.08 million new songs uploaded to the likes of Spotify, YouTube Music and other music streaming services in the first three months of the year alone
Analysis News The 3 major music companies are now jointly generating approximately $2.9m per hour With $6.2 billion in revenue secured in Q1, can the majors now go on to jointly top $25 billion in annual revenue in 2023?
Analysis News King & Prince sold 1.2m physical copies of their latest album ‘Mr.5’ in its first week in Japan, becoming the market’s fastest-selling album this year Universal Music Japan and King & Prince have set the record for 2023’s fastest selling album in Japan
Analysis News Move aside, BTS. K-Pop stars Seventeen just sold over 4.5m copies of their new album FML in its first week Seventeen's '10th mini album' FML sold 3.99 million copies on its first day (April 24)
Analysis News Tencent Music’s independent artist platform reached 390,000 musicians at the end of 2022, adding 40,000 in Q4 alone Tencent Music Entertainment has published its Annual Report for 2022
News Global music streams crossed the 1 trillion mark in just three months this year – a new record Music listeners have cumulatively spent roughly 960,000 years streaming music so far this year, according to Luminate
Analysis News The top 1,000 songs on YouTube’s TikTok rival Shorts saw more than 280bn combined views in January 2023 YouTube publishes new set of stats for its short-form video platform
Analysis News There were 589m paid streaming users in 2022, driving a 9% rise in global recorded music revenues to $26.2bn Global recorded music body IFPI published its Global Music Report 2023 on Tuesday (March 21)