In Q2 2022, China’s Tencent Music Entertainment raked in USD $315 million from online music streaming subscribers, up 17.6% YoY. Paying music users were »
Spotify has announced “Spotify Tickets” to start testing concert ticket sales directly to fans. The move comes after a strong post-lockdown fan demand for live music »
Trade bodies Digital Media Association (DiMA) and Songwriters of North America (SONA) pushed the “Credits Due” initiative together during a songwriting camp in July. Credits Due »
In an initiative to change the way artists and music rights holders are paid from Facebook, Meta announced that it will be moving to a revenue-sharing »
British music exports were up 13.7% to a record high of USD $709 million in 2021, according to the latest analysis by UK trade body »
According to Luminate’s 2022 Midyear Report, on-demand song streams in the US were up 10.6% over the first half of 2021. Country and Latin »
The Copyright Royalty Board announced the headline rate will increase to 15.1% from 11.4% in royalties paid by streaming services to publishers for the »
CRB streaming rate negotiations for both the 2018-22 and 2023-27 periods are expected to come to a decision as digital services’ request to delay back royalty »
Our team here at Exploration is hosting a free webinar TODAY 6/24 at 11 AM PST / 1 PM CST to discuss any questions or concerns »
According to Goldman Sachs’ annual “Music in the Air” report, total global music industry revenue will double to about $131 billion by 2030. The forecast also »
During Spotify’s 2022 Investor Day event, the company released statistics and forecasts around its podcasting business. According to CFO Paul Vogel, there were negative gross »
Spotify recently announced the launch of its new interactive site called In Focus to help artists navigate their careers in the industry. Educational materials can be »
CISAC posted updates on developments around the ISWC in its annual report, stating that the unique identifier for musical works has made progress across the value »
The French recording industry recently signed a “historic” deal effective July 1, that would require record companies to pay minimum royalty rates for artists and performers »
A new data-sharing partnership has been made between VEVA Sound and SoundExchange in order to increase accuracy and efficiency in royalty payments. Utilizing cloud-based technology, VEVA »
A settlement has been reached between the RIAA, NMPA, and NSAI to increase the mechanical rate for physical music and download sales to 12 cents per »
The team here at Exploration is thrilled to announce the Spanish translation of our book! "How the Music Industry Works” is an easy-to-read, comprehensive guide that »
Netflix posted a loss of 200,000 subscribers in the first quarter on Wednesday with shares of Netflix falling 35.1%. Music companies Spotify, Tencent Music »
The latest report by the RIAA announced that Latin music recorded revenues in the US last year hit a record high of $886 million, up 35% »
As of May 5, Amazon Music Unlimited subscription prices are rising by a dollar for Prime members. The individual plan is increasing from $7.99 to »
The CRB has agreed to drop the 9.1 cent mechanical royalty rate that songwriters and music publishers will earn from the sale of songs during »
The annual IFPI “Global Music Report 2022” announced that global music sales rose 18.5% in 2021 on the previous year, the highest growth rate ever »
Music and entertainment data analytics company P-MRC Data has rebranded as Luminate. It will be pulling the same dataset encompassing music sales, consumption, and consumer engagement, »
In 2021, US recorded music revenues reached $15 billion at retail, according to the RIAA’s annual year-end report. This figure was up 23% overall over »
Epic Games has acquired Bandcamp, although terms of the deal were not disclosed. According to the video-game developer, the two “share a mission of building the »
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