Streaming round-up – November 2024

by IDOL
News
22.11.24
Stay up to date on the latest in streaming news with our monthly round-up. This month, TikTok introduces album pre-saves, Spotify will pay video creators for engagement, and Chartmetric says it can predict future talent. Don’t miss a beat!

The figure of the month: Shazam passes the 100 billion-song mark since its launch. More info on Music Business Worldwide.

Economy

Amazon Music
Amazon is adding access to audiobooks to its music service, but remains “optimistic” that this offer will not affect royalties received by songwriters. More info on Complete Music Update. Amazon Music refers here to Spotify. Find out more.

Audiomack
Yamaha enters the African market through an agreement with Audiomack. More info on Digital Music News. Audiomack also adds thousands of Indian titles via an agreement with Saregama. More info on Music Ally.

GEMA
ChatGPT manufacturer OpenAI is sued by GEMA in Germany for unlicensed use of song lyrics. More info on Music Business Worldwide.

Hangout
Social music platform Hangout gets off the ground thanks to major label approval and collective listening. More info on Hypebot.

Nintendo
Nintendo has launched its own music streaming service, specializing in video game soundtracks. More info on Music Ally.

Spotify
Spotify reaches 252 million Premium subscribers, on track to achieve its first full year of profitability. More info on Hollywood Reporter. Spotify is anticipated to start paying creators for popular videos. More info on The Verge.

Tencent
Tencent Music profits jump 35% thanks to subscriber growth. More info on Billboard. Over 8% of Tencent Music subscribers are “Super VIPs”. This represents 10 million users who pay 5 times the standard subscription price. More info on Music Business Worldwide.

Threads
Threads reaches 275 million users. More info on Social Media Today.

Tidal
Tidal plans restructuring that could affect up to a quarter of its staff. More info on Complete Music Update.

TikTok
TikTok is now banned in Canada. More info on Billboard. TikTok’s SoundOn signs chart-topping artists. More info on Music Business Worldwide. TikTok signs a new licensing agreement with International Copyright Enterprise (ICE). More info on Music Week.

YouTube
YouTube advertising revenues reached $8.92 billion in the third quarter, up 12.2% year-on-year. More info on Music Business Worldwide.

New Features

Chartmetric
Chartmetric announces a predictive search tool for talent detection. More info on Music Ally.

Facebook
Facebook adopts “views” as its primary metric. More info on Social Media Today.

Instagram
Instagram adds filters to Direct Messages to help creators. More info on Social Media Today. Instagram moves Stories Highlights to a tab. More info on Social Media Today. Instagram removes the hashtag following option. More info on Social Media Today.

Meta
Meta develops a search engine to power its AI chatbot. More info on Social Media Today.

TikTok
TikTok strengthens its integration with Spotify and Apple Music with a new feature that allows streamers to “share on TikTok”. More info on Music Business Worldwide. TikTok also expands its “Add to Music App” feature with album pre-saves. More info on Music Ally.

Soundcloud
SSoundCloud has introduced a new monetization system as part of its platform update. More info on Music Business Worldwide. SoundCloud expands its AI toolbox with new partnerships. More info on Music Week.

YouTube
YouTube tests a feature that allows certain creators to remix songs using AI. More info on TechCrunch.

Going further
Read more articles
See all