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Digital Economy

DIMA’s yearly report shows the strength of music streaming in the USA

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By Emmanuel Legrand Streaming revenue is expected to top $15bn by 2024 and nearly $18bn by 2026 in the USA, according to the Streaming Forward 2020 report from the Digital Media Association (DIMA), produced by MIDiA Research. Streaming will likely account for nearly 90% of US recording revenues by 2026, from 77% in 2019. Looking at the future, the report estimates that over the next seven years" the streaming revolution will only grow more powerful.

DIMA said its members -- Amazon, Apple, G...

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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

Netflix taps Jay Hoag as Chair of ‌the Board

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Netflix has appointed Jay Hoag to replace Reed Hastings as Chairman of ‌the Board of the video streaming platform, according to an SEC filing. Hastings announced earlier this year that he would be stepping down before the summer from the Board of the company he co-founded nearly three decades ago and grew from a DVD mail order service to the world's largest video streaming platform. In the future he will be focusing on ​focus on philanthropy and other ​projects. Hoag is the co-founder of growt...

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Digital Economy

Suno valued at $5.4 billion following a $400 million Series D funding round

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Music AI company Suno has raised over $400 million in Series D funding, which values the company at $5.4bn, in a round led by Bond Capital, alongside IVP, Forerunner, Union Square Ventures, Alkeon and Quiet, with participation from existing investors Matrix, Lightspeed, Menlo Ventures, and Schroders Capital. The last funding round in November 2025 valued the company at $2.45bn. "As with our previous funding rounds, we’re thrilled to have participation from some of the best artists, producers, so...

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Creative Industries

Calendar — Week 23, 2026

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JUNE 2026 – June 3-7: Primavera Pro ’26 in Barcelona. – June 4: General Assembly of the International Confederation of Societies of Authors and Composers (CISAC) in Paris, as the global organisation celebrates its Centenary. – June 8-11: A2IM Indie Week at the InterContinental Times Square in New York. – June 8-13: The 23rd Tokyo International Music Market (TIMM 2026) in the Shibuya area. – June 18: MusicAlly NEXT at Steel Yard in ...

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