Warner sells its entire stake in Spotify and artists get $126m of the money

Warner on August 7 confirmed it's no longer a stakeholder in Spotify. Indeed, Warner Music Group just sold all its shares in Spotify for more than…

Apple Music beats Spotify to biggest day-one streaming number with Travis Scott’s new release

Travis Scott's new album . "Astroworld" - came out on August 3 and it's doing incredibly well. Streaming-wise, "Astroworld" - according to Spotify’s…

Snapchat lost 3m daily users last quarter

Snap, Inc shared its latest quarterly financial results, showing the first ever quarterly decline in daily active users (DAUs) since Snapchat…

Amazon Prime Music is doing better than Apple Music in UK

According to the latest report from research firm Kantar Worldpanel, in terms of music subscribers right now Amazon is now the third player globally…

Royalty Exchange releaases valuation app for songwriters

Music firm Royalty Exchange has launched an app for songwriters, pitching it as "the Zillow for royalties" (Zillow is the website whose…

Universal and Sony turn over more than $500k from streaming, every hour

According to a report published by "Music Business Worldwide", Sony and Universal are actually turning over more than $500.000 every hour from…

Spotify’s Troy Carter is leaving the company

Things are moving in the rakns of Spotify. The company’s global head of creator services, Troy Carter, is indeed leaving the company in September…

Spotify's financial results for the second quarter of 2018

Streaming giant Spotify just published its financial results for the second quarter of 2018. The company ended June with 180 million monthly active…

Spotify explains direct artist deals: "Licensing content doesn’t make us a label"

Spotify CEO Daniel Ek, during a financial earnings call with analysts (following the publication of Spotify’s Q2 financials) took his chance to…

Ticketing firm Eventbrite ready for its IPO

According to the "Wall Street Journal", ticketing firm Eventbrite has filed for an IPO to take place later this year, working with Goldman Sachs and…

All about the fourth annual CD Baby DIY Musician Conference

The fourth annual CD Baby DIY Musician Conference will take place on August 24-26, 2018 at the Omni Hotel in Nashville, TN. More than 1,500…

Chinese secondary-ticketing firm Moretickets raises $60m

One of China's secondary ticketing most popular sites has just raised a significant funding round: indeed, Moretickets’ Series C round was worth…

Blink Identity raises $1.5m in funding round

Austin-based startup Blink Identity just raised $1.5m during a funding round; investors include Live Nation, Techstars and Sinai Ventures. The…

The Rolling Stones and Universal Music Group (UMG) announced an expansive worldwide agreement

The Rolling Stones and Universal Music Group (UMG) just announced an expansive worldwide agreement covering the band’s iconic recorded music and…

Confirmed: Tencent Music Entertainment is about to reach stock exchange in the US

Chinese media giant Tencent confirmed that Tencent Music Entertainment (TME) will soon float on a “a recognized stock exchange in the United States…

Tencent Music Entertainment is going public

Tencent, the giant of digital music, is reahing the stock exchange in the United States. Tencent Music Entertainment (TME), which is majority-owned…

WMG signs partnership with IMS

Warner Music Group signed a new partnership with Sony Pictures subsidiary Internet Media Services (IMS): this in order to boost its advertising…

Music bodies acting ahead of crucial Article 13 vote

The European Parliament will very soon vote on the EU’s draft Copyright Directive, and music bodies are leading the charge of creative industries in…

Hipgnosis Songs Fund Ltd raises $260m+ to buy music copyrights

Hipgnosis Songs Fund Ltd, the company founded by veteran artist manager Merck Mercuriadis, has just raised over £200m ($262m). According to a report…

Drake's new album broke day-one streaming record on Apple Music

Drake did it again: he destroyed Apple Music's record with over 170m streams on day one with his new album "Scorpion". The previous biggest global…