Following on from the global market share numbers we released on Sunday, here are our findings regarding the growth of the overall market. Throughout 2016 as the major label earnings were coming in there was a growing awareness that 2016 was going to be a landmark year for the record music business.
News just emerged that SoftBank owned Sprint has acquired a 30% take in Tidal, reportedly for $300 million against a valuation of $600 million. The valuation seems on the high side, but a big ticket investment works well for both parties. According to MIDiA’s latest survey data from December 2016, just 2.7% of consumers in the US, UK, Australia …
With 78 million users, streaming’s original music service remains an online radio giant -- but increasingly threatened by subscription services from Spotify to Apple Music. Now, amid layoffs and acquisition rumors, co-founder/CEO Tim Westergren is about to launch an ambitious bid for subscribers of its own: “The other products out there are unsatisfying.”
Released over the weekend after much delay, Drake’s More Life project is setting records across the board on streaming platforms. The Canadian artist described More Life as ‘a body of work bridging the gap between major releases’ and positioned the release as neither a mixtape nor an album …
For much of 2016 it looked nailed on that Spotify would IPO in 2017 and that the recorded music industry would move onto its next chapter, for better or for worse. The terms of Spotify’s $1 billion debt raise (which mean that Spotify pays an extra 1% on its 5% annual interest payments every …
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