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Digital Economy

Global music streaming subscribers up 32% in 2019

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By Emmanuel Legrand
Global online music streaming subscriptions were up 32% year-on-year to 358 million accounts in 2019 and are expected to exceed 450 million by the end of 2020, up 25% over 2019, according to data from Counterpoint Research.
Counterpoint estimated that Spotify grabbed a 31% share of the total revenue and a 35% share of the total paid subscriptions, followed by Apple Music, with a 24% share of total revenues and a 19% share of the total paid subscriptions.
Amazon Music sub...

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Emmanuel is a Washington, DC-based freelance journalist, blogger and media consultant, specialising in the entertainment business and cultural trends. He was the US editor for British music industry trade publication Music Week. Previously, he was the editor of Impact, a magazine for the music publishing community (2007-2009), the global editor of US trade publication Billboard (2003-2006), and the editor in chief of Billboard’s sister publication Music & Media (1997-2003).

Digital Economy

Disney channels return to YouTube TV

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The Walt Disney Co. and YouTube have signed a multi-year distribution agreement that will bring back Disney-owned channels to YouTube TV. The new deal, the terms of which were not disclosed, puts an end to a dispute about per-subscriber rates, which resulted in Disney pulling out its content from Google's video streaming platform early November 2024.
“This new agreement reflects our continued commitment to delivering exceptional entertainment and evolving with how audiences choose to watch,’’ s...

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Digital Economy

Stingray acquires online radio platform TuneIn for $125 million

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Montreal-based music and video content distribution company Stingray Group has entered into a definitive agreement to acquire TuneIn Holdings, an online radio and audio content platform with a global footprint. Following the acquisition, the TuneIn platform will continue to operate under its existing brand.
Stingray will pay $150 million at closing and up to $25 million 12 months following the closing, based on TuneIn’s forecasted sales of $110 million and adjusted EBITDA of $30 million for the...

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Digital Economy

Transcription platform Songscription raises $5m in funding round led by Reach Capital

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AI-powered music transcription platform Songscription has raised $5 million in a funding round led by existing investor Reach Capital, with contributions by Emerge Capital, 10x Founders, and Dent Capital, as well as angels such as former Guns N’ Roses guitarist Ron "Bumblefoot" Thal, who also serves as an advisor to the company.
“AI is transforming how people around the world create and enjoy music,” said Jennifer Carolan, Co-founder and General Partner of Reach Capital: “With its powerful and ...

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