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Digital Economy

US on demand audio consumption remained strong during lockdown

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By Emmanuel Legrand The report card from the US recorded music industry during the first half of 2020 remained positive despite the Covid-19 pandemic: audio streams were up 16.2% to 420 billion compared to the same period of 2019 (361m), according to data from Nielsen Music/MRC Data. Vinyl LP sales were up 11.2%, despite the lockdown (through March 12, LP sales were up 45%, or 1.41 million units). Total album-equivalent audio consumption -- which includes sales of albums and songs, as well as on...

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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

Spotify had 205 million paid subscribers in 2022, up 14% year-on-year

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Spotify finished the year with a record number of users — the streaming service counted 205 million paid subscribers and a total of 489 million monthly active users (MAUs), up respectively 14% and 20% compared to the previous year, according to financial result released by the company.

"Looking back on 2022 in its entirety, we are pleased with our overall results. Each year presents certain challenges and opportunities and, over the past 12 months, we largely delivered on our internal goals ...

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Copyright & Regulation

TikTok CEO Shou Zi Chew to appear on March 23 before the House Energy and Commerce Committee

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TikTok CEO Shou Zi Chew will appear before the House of Representatives Energy and Commerce Committee on March 23, 2023 to testify "on TikTok’s consumer privacy and data security practices, the platforms’ impact on kids, and their relationship with the Chinese Communist Party," according to a statement from the Committee's chair Cathy McMorris Rodgers (R-WA).

“Big Tech has increasingly become a destructive force in American society," said McMorris Rodgers. "The Energy and Commerce Committee ...

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Digital Economy

Comcast-owned streaming service Peacock ended 2022 with 20 million paid subs

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Video streaming service Peacock has passed the 20 million subscribers mark at the end of 2022, according to financial information released by parent company Comcast.

The service added 5 million subscribers in the last quarter of 2022, delivering the best quarterly result since its launch in 2020. The company said the good performance was fueled by live sports, recent films and originals.

Elsewhere in the group, entertainment division NBCUniversal posted adjusted EBITDA up 4.9% year-on-yea...

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