BBC wants to add 3rd parties to its Sounds app to balance Apple and Spotify dominance in podcasts and music

Earlier this week, the BBC pulled its podcasts from Google’s Podcast app and Assistant platform after determining that it wasn’t getting enough out of the relationship, specifically noting that Google wasn’t providing it with enough audience data and search links to its own sites and services. Today, we get some more context and development on that decision. […]

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Spotify is testing Premium Duo for €12.49 per month

Spotify just started selling a new subscription in Ireland called Premium Duo, as The Verge spotted. You guessed it, this subscription tier is designed for couples, roommates and all combinations of two persons who live under the same roof. It is a bit more expensive than a Premium account and a bit less expensive than […]

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Three major music labels make $19 million a day from streaming while artists count their pocket change

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Streaming services are now paying out big money to the music industry’s gatekeepers.

According to a new report by industry news outlet Music Business Worldwide, the three major music labels made $6.93 billion combined from streaming in 2018. The publication poured through recent investor filings from Universal Music Group’s parent company Vivendi, Sony, and Warner and found that the companies are totaling $19 million in daily streaming revenue. 

Broken down even further, the trio of labels generate nearly $800,000 per hour just from music streaming services.

As Rolling Stone points out, when looking at the combined revenue for the three labels across all formats and commercial endeavors — $13.14 billion — streaming revenue accounts for more than half of that. That’s more than a 10 percent jump when compared to how much streaming revenue accounted for in 2017. Read more…

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Social music app Playlist lets you listen to music with others in real time

A new app called Playlist aims to make music a more social experience than what’s offered today by the major music platforms like Apple Music, Pandora or Spotify, for example. In Playlist, you can find others who share your musical tastes and join group chats where you listen to playlists together in real time. You […]

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iHeartRadio wants AI to solve awkward transitions between songs

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What’s been missing from streaming services? The DJ — the person who can smoothly navigate the delicate transition between songs.

Well, iHeartRadio thinks the fix for this is artificial intelligence. Yes, the company believes that software will fix those awkward, disruptive transitions between songs when you’re listening to a playlist or personalized radio station.

The audio company is working with Super Hi-Fi, an artificial intelligence company, to work this magic, and it is more than just a simple crossfade. It works when you’re listening to internet radio, a playlist, or choosing the songs those upcoming tracks are being fetched. This way there is no interruption, and the song continues one after the other. Read more…

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Here’s why Spotify will go public via direct listing on April 3rd

Spotify explained why it’s ditching the traditional IPO for a direct listing on the NYSE on April 3rd today during its Investor Day presentation. With no lockup period and no intermediary bankers, Spotify thinks it can go public without all the typical shenanigans. Spotify described the rationale for using a direct listing with five points: List […]

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Going public pits Spotify’s suggestions versus everyone

 The secret to Spotify’s public market debut is actually an acquisition it made in 2014. The Echo Nest was powering music recommendations for Beats Music, Rdio, Vevo, and iHeartRadio too before Spotify pulled it out from under them by buying it for a reported $100 million — 90 percent in Spotify equity. That deal paid off big time. Today, in Spotify’s SEC filing to go… Read More

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