Streaming round-up – June 2024

by IDOL
News
25.06.24
Stay up to date on the latest in streaming news with our monthly round-up. Twitch introduces DJ sets, TikTok puts fans in the spotlight, and YouTube helps you find tunes. Don’t miss a beat!

The figure of the month: $1.61 billion. That’s the total revenue generated by Sacem, a 5% increase over 2023. More info on Music Business Worldwide.

Economy

Discord
Discord and TuneIn join forces to offer live radio on the social platform. More info on TechCrunch.

Meta
Merlin renews its strategic partnership with Meta, to provide a new set of features to increase the visibility of new releases. More info on Music Week. Merlin launches “Merlin Connect” to facilitate the use of independent music by tech platforms. More info on Complete Music Update.

Soundlabs
SoundLabs and UMG announce agreement on responsibly trained AI. More info on Music Ally.

Spotify
In France, Spotify adapts its subscription prices to the new tax on music streaming. More info on TechCrunch. In the UK, the platform launches a music-only subscription. More info on Music Business Worldwide. In the U.S., Spotify raises the price of its Premium streaming offers. More info on Variety. But the platform launches a new Basic package, without audiobooks. More info on TechCrunch. On that topic, Spotify faces a complaint from music publishers over its audiobook bundle. More info on Music Business Worldwide.

Tencent
Tencent and Tencent Music buy 10% of Thai company GMM Music for $70 million. More info on Music Business Worldwide.

TikTok
TikTok’s parent company, ByteDance, will spend $2.1 billion to develop an AI center in Malaysia. More info on Music Business Worldwide. TikTok forms an investment team to acquire music content and businesses. More info on Music Business Worldwide. TikTok extends the reach of its music library through an agreement with Adobe. More info on Music Ally. Meanwhile, TikTok hopes to block its ban in the US on the grounds of freedom of expression. More info on Complete Music Update.

Twitch
Twitch signs music licensing deals for livestream DJs. More info on Music Ally.

New Features

Google
DeepMind, Google’s new AI technology, generates soundtracks for videos. More info on Engadget.


Instagram
Instagram tests video ads that prevent from scrolling further. More info on Social Media Today. Instagram tests performance insights for brands. More info on Social Media Today.


Spotify
Spotify announces the launch of a creative agency and tests AI-powered generative ads. More info on TechCrunch.


TikTok
TikTok launches a new image-sharing application called Whee. More info on Social Media Today. Universal and TikTok use AI to help artists and creators speak more languages. More info on Complete Music Update. TikTok launches a new management tool, TikTok Studio, for creators. More info on Music Ally. TikTok unveils its new Fan Spotlight feature with Billie Eilish. More info on Music Business Worldwide.


X/Twitter
Likes are now private on X. More info on Social Media Today.


YouTube
Humming to find a track is now possible thanks to YouTube Music. More info on TechRadar.

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