Music business news
Here are some recent music business news stories:
Streaming
- Spotify has reached 155 million premium subscribers, up 27% from the previous year. (Source: The Verge)
- Apple Music has surpassed 60 million subscribers, according to a report by Bloomberg. (Source: Bloomberg)
- Amazon Music has launched a new feature called "Hear This Now," which uses AI to recommend music based on a user's listening habits. (Source: The Verge)
Music Industry Trends
- The global music industry saw a 10.4% increase in revenue in 2020, reaching $19.1 billion. (Source: IFPI)
- Vinyl sales have reached a 25-year high, with 13.6 million vinyl albums sold in the US in 2020. (Source: RIAA)
- Live music events are expected to return to pre-pandemic levels by 2023, according to a report by Pollstar. (Source: Pollstar)
Artist News
- Taylor Swift has become the first artist to simultaneously debut at number one on the US Billboard 200 chart with two albums, "Folklore" and "Evermore." (Source: Billboard)
- The Weeknd has broken multiple records on the Billboard Hot 100 chart, including the most simultaneous top 40 hits by a solo artist. (Source: Billboard)
- Billie Eilish has become the youngest artist to win the Grammy Award for Record of the Year, at just 19 years old. (Source: Grammy Awards)
Industry Deals
- Universal Music Group has acquired a majority stake in the independent label, Republic Records. (Source: Variety)
- Sony Music Entertainment has acquired a majority stake in the independent label, AWAL. (Source: Music Business Worldwide)
- Warner Music Group has acquired a majority stake in the independent label, ADA Music. (Source: Billboard)
Music Technology
- Spotify has launched a new feature called "Spotify Canvas," which allows artists to create interactive music videos. (Source: The Verge)
- Apple has launched a new feature called "Shazam Discover," which uses AI to recommend music based on a user's listening habits. (Source: Apple)
- Google has launched a new feature called "Google Play Music Mix," which uses AI to create personalized playlists for users. (Source: Google)
These are just a few of the latest music business news stories. If you'd like to stay up-to-date on the latest news and trends in the music industry, I'd be happy to help you with that!