Music industry news

Here are some recent music industry news stories:

Streaming

• Spotify has reached 200 million paid subscribers, a significant milestone for the streaming service. (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 Sales

• According to a report by the International Federation of the Phonographic Industry (IFPI), global recorded music revenue reached $19.1 billion in 2020, a 14.6% increase from the previous year. (Source: IFPI)
• Vinyl record sales have reached a new high, with over 13 million vinyl albums sold in the US in 2020, according to the Recording Industry Association of America (RIAA). (Source: RIAA)

Industry Trends

• Live music events are making a comeback, with many festivals and concerts selling out quickly. (Source: Billboard)
• The music industry is seeing a resurgence of interest in physical music formats, including CDs and vinyl records. (Source: The Guardian)
• Social media platforms are becoming increasingly important for music promotion, with many artists using platforms like TikTok and Instagram to reach new fans. (Source: Music Business Worldwide)

Artist News

• Taylor Swift has become the first woman to win the Grammy Award for Album of the Year three times, winning for her album "Folklore." (Source: The New York Times)
• The Weeknd has announced a new album, "Dawn FM," which will be released on January 7. (Source: The Fader)
• Billie Eilish has announced a new album, "Happier Than Ever," which will be released on July 30. (Source: Rolling Stone)

Industry Moves

• Universal Music Group has appointed Michele Anthony as its new executive vice president and chief marketing officer. (Source: Variety)
• Sony Music Entertainment has appointed Jennifer Mallory as its new executive vice president and chief marketing officer. (Source: Billboard)
• Warner Music Group has appointed Max Lousada as its new CEO. (Source: The Hollywood Reporter)

I hope you find these news stories interesting!