Update
Page: 2
Spotify (NYSE: SPOT), the global leader in music streaming, has broken a significant milestone, with its stock price surpassing the $600 per share mark, sending its market capitalization soaring above $121 billion. This record surge follows the release of its fourth-quarter earnings report for 2024, a period that highlighted remarkable financial growth and a renewed […]
Amazon Music has joined the ranks of streaming services raising their subscription fees, following in the footsteps of Spotify’s recent moves. The company recently notified customers of an increase in prices for its Unlimited plan in the U.S., marking a significant shift in its pricing strategy. Price Increases Across the Board Starting soon, Amazon Prime […]
Spotify has reached a groundbreaking milestone in 2024, revealing that it paid out a record $10 billion in royalties to the music industry. This achievement highlights Spotify’s significant role in the global streaming landscape, underscoring its continued growth and influence. David Kaefer, Vice President of Spotify’s music and audiobook businesses, shared this milestone in a […]
In a new report from Duetti, it’s clear that when it comes to per-stream royalties, Amazon Music and Apple Music are far outpacing Spotify. According to Duetti’s second-annual Music Economics Report, indie artists are receiving a much higher payout on these platforms, with Amazon Music paying $8.80 per 1,000 streams and Apple Music offering $6.20, […]
Music AI, the innovative company behind the popular Moises platform, has successfully raised $40 million in a Series A funding round, propelling its mission to revolutionize the music industry with cutting-edge AI technology. The round was led by Connect Ventures and monashees, with additional support from prominent investors like Kickstart, Samsung Next, Toba Capital, Valutia, […]
In a competitive race to capture the attention of video content creators and users, several social media platforms—Instagram, X (formerly Twitter), and Bluesky—have announced the launch of new features and apps aimed at enhancing video editing and sharing capabilities. Instagram, owned by Meta, has introduced a new video-editing platform called Edits, designed to compete directly […]
The Supreme Court has officially upheld the TikTok ban, affirming that the law does not violate the First Amendment. In its unanimous per curiam decision, the Court found that the forced-sale requirement was not an attempt to target TikTok’s content but was instead grounded in national security concerns. The Court stated, “The prohibitions, TikTok-specific designation, […]
In a recent statement that has sparked both intrigue and confusion, Kenyan President William Ruto alleged that the Grammy Awards organization had received Ksh. 500 million ($3.4 million) from the Kenyan government for the purpose of hosting the prestigious music event in Nairobi. The claim quickly made headlines, stirring up a flurry of media attention […]
In the late 2000s, as YouTube solidified its dominance as the go-to platform for online videos, the music industry was grappling with declining CD sales and rampant piracy. Recognizing an opportunity to regain control over their content, three of the world’s largest record labels—Universal Music Group, Sony Music Entertainment, and EMI—collaborated to create VEVO, a […]
Here’s what Kenyan party goers can expect from the major events happening in December: 1.Sean Paul (1st Dec) At the Waterfront 2 Gardens, Nairobi Jockey Club, Sean Paul will deliver a high-energy performance with his iconic dancehall hits like “Get Busy” and “Temperature”. The event will also feature top Kenyan acts such as Redsan and […]
When an artist is dropped from their record label, it means the label has terminated the artist’s contract, either due to underperformance, creative differences, or financial reasons. Here’s what typically happens when an artist is dropped: 1. Loss of Financial Support Labels normally provide financial boost to produce albums, market music, and fund tours. When […]
When you submit your music to our distribution platform, the details you provide in the song metadata may seem like a small detail, but they are crucial for the success of your music.