Streaming round-up – May 2024

by IDOL
News
24.05.24
Stay up to date on the latest in streaming news with our monthly round-up. This month, TikTok is under threat in both Europe and the U.S., Spotify is testing a new video function, and Soundcloud is increasingly fan-oriented. Don’t miss a beat!

The figure of the month: $100 billion. That’s how much revenue the global music industry is expected to reach by 2031. That’s almost double the current figure of $58.1 billion. More info on MIDiA Research.

Economy

Deezer
Deezer strengthens its support for French festivals. More info on IQ Magazine.

Into-it
Start-up Into-it teams up with BPI to offer personalized alerts to music fans. More info on Music Week.

Musi
L’application Musi propose du streaming musical “gratuit”. More info on Music Ally.

Spotify
Spotify’s latest fan study focuses on the impact of its playlists. More info on Music Ally. The NMPA accuses Spotify of copyright infringement for the use of lyrics, videos and the remix function. More info on Music Week. Spotify is sued by the MLC for reducing the rate of remuneration for songwriters via bundle subscriptions. More info on Music Business Worldwide.

TikTok
After three months of conflict, Universal Music and TikTok have reached a new licensing agreement, which includes “better remuneration” for UMG artists and songwriters. More info on Music Business Worldwide. Meanwhile, as the NMPA license expires, some indie music tracks are removed from TikTok. More info on Billboard. TikTok sues the U.S. government over the “sell or be banned” law. More info on Complete Music Update. EU threatens TikTok Lite with ban over reward-to-watch feature More info on The Guardian. TikTok and CTS Eventim team up for ticketing. More info on Music Week.

New Features

Apple Music
Apple Music launches new analysis tools. More info on Billboard.

Deezer
Deezer launched a “Purple Club” for its subscribers in France. More info on Music Ally.

Instagram
Instagram offers a new sticker for Stories, entitled “Add yours music”. More info on Digital Music News.

Qobuz
Qobuz launches a new music discovery feature for classical music fans. More info on Digital Music News.

Soundcloud
SoundCloud launches “fan-fed” Buzzing Playlists to highlight up-and-coming artists. More info on Music Business Worldwide.

Shazam
Shazam launches a “Radio Spins” chart based on what’s being played on over 40,000 radio stations worldwide. More info on Music Ally.

Spotify
Spotify locks lyrics behind a paywall to convert freemium users into subscribers. More info on Music Business Worldwide. Spotify tests the addition of artist video “Clips” to its playlists. More info on Music Ally. In the UK, Spotify increases the price of certain subscriptions by £2/month. More info on Music Week. Spotify introduces developer tools for businesses More info on TechCrunch.

Tencent
Tencent Music’s AI-based technology can “predict the next hit”. More info on Music Business Worldwide.

Tracklib
The Tracklib sample service offers royalty-free loops to its subscribers. More info on Music Week.

TikTok
TikTok will now automatically label AI-generated content. More info on Music Business Worldwide. TikTok tests 60-minute long videos. More info on Music Ally.

Udio
The AI music platform Udio is already producing 10 songs per second. More info on Music Business Worldwide.

YouTube
YouTube launches a live test of the AI idea generator for music videos. More info on Social Media Today.

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