Streaming round-up – March 2024

by IDOL
News
25.03.24
Stay up to date on the latest in streaming news with our monthly round-up. This month, the IFPI published its report, TikTok is in danger of being banned in the United States, and videos are coming to Spotify. Don’t miss a beat!

The figure of the month: $28.6 billion. According to IFPI, revenues from recorded music have risen by 10.2% worldwide to reach $28.6 billion in 2023, while paid subscriptions to music streaming services have passed the 500 million mark. More info on Music Business Worldwide.

Economy

Apple music
IMPALA is calling on Apple to rethink the bonus for tracks delivered in Dolby Atmos and to seek a “collaborative” solution. More info on Music Business Worldwide.

Deezer
Deezer has signed an agreement with Merlin on the artist centric model. More info on Music Business Worldwide. Since the launch of this artist centric model, Deezer has removed 26 million fake artists and tracks. More info on Music Business Worldwide. Deezer’s sales are up 7.4%, but its CEO has stepped down. More info on Music Ally.

Soundcloud
Soundcloud’s new feature allows brands to target musical moods based on what people are listening to. More info on Music Ally.

Spotify
Spotify is to raise the price of subscriptions in France to “compensate” for the new tax on music streaming. More info on Music Business Worldwide. The CNM (Centre National de la Musique) has responded to Spotify France’s critics. More info on Complete Music Update.

TikTok
The dispute between Universal Music and TikTok affects some of music’s most popular songs. More info on Billboard. In related news, the National Music Publishers Association (NMPA) also has no plans to renew its licensing agreement with TikTok. More info on Complete Music Update. Meanwhile, the U.S. House of Representatives has passed a bill requiring ByteDance, owner of TikTok, to sell or face a ban in the United States. More info on The Guardian. The British Parliament is also concerned about the user data held by TikTok and the possible influence of China on the social network’s algorithm. More info on Complete Music Update.

Vault
James Blake joins the launch of Vault, a direct artist-to-fan music platform, to solve the problems of artist remuneration in streaming. More info on Variety.

X / Twitter
The National Music Publishers’ Association’s case against X will go ahead after a US District judge ruled that allegations of infringement arising from the presence of unlicensed music on the platform should be investigated. More info on The Verge.

New features

Apple Music
The free Playlist Alert app adds Apple Music to its notification list. More info on Hypebot. Apple’s Vision Pro headphones get a DAW (Digital Audio Workstation) for music making. More info on Music Ally.

Instagram
Instagram is working on a “Friend Map” feature that allows you to track your friends’ location. More info on TechCrunch. Instagram is testing two options for advertisers, one to create image backgrounds and the other to facilitate in-stream orders. More info on Social Media Today. Instagram updates hashtag search to broaden discovery. More info on Social Media Today.

Sonu
The startup Sonu – created by TOKiMONSTA – launches the “VibeCheck”, an AI-based text-to-playlist function. More info on Music Ally.

Spotify
Spotify now has its own music video catalog. More info on The Verge. It is worth noting that tracks associated with a Spotify Canvas video are 145% more likely to be shared. More info on Hypebot.

Tidal
Tidal is phasing out the HiFi Plus tier and incorporating higher quality audio into its standard subscription. More info on Complete Music Update.

X / Twitter
X is now offering audio and video calls to non-premium subscribers. More info on 9 to 5 mac.

YouTube
YouTube offers tool to indicate ‘altered or synthetic content’. More info on Music Ally.

Going further

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