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Digital Economy

MIDiA Research report: Music streaming services had 487 million subscribers globally at the end of Q1 2021

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Close to half a billion people in the world were subscribing to a music streaming service at the end of Q1 2021, according to figures unveiled by MIDiAResearch.    At the end of 2020, there were 467 million subscribers globally, 100 million more than a year before, and a further 19.5 million new subscribers were added in Q1 2021, bringing the total number to 487 million. Spotify accounted for 32% of the total, followed by Apple Music&nb...

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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

BandLab expands its portfolio with the acquisition of AI-powered Aiode

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Singapore-headquartered music technology company BandLab Technologies has acquired Aiode, an AI-powered digital music studio which provides music creators access to fully licensed audio-to-audio models to create new music. Terms of the acquisition were not disclosed. BandLab Technologies, a division of Caldecott Music Group, owns and operates platforms such as BandLab, Cakewalk, ReverbNation and Airbit. Aiode will join BandLab's music-focused platforms BandLab and Cakewalk. “What sets Aiode apar...

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Digital Economy

DIMA names Alyssa Slaimen as Vice President, Government & External Affairs

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Washington DC-based Digital Media Association (DIMA), the trade association representing music streaming services, has appointed Alyssa Slaimen to the position of Vice President, Government & External Affairs. She reports to DIMA President and CEO Graham Davies. Slaimen joins from the office of Senator Peter Welch (D-VT), where she led the Senator's portfolio on intellectual property and artificial intelligence. Her work included legislation currently before the US Senate Judiciary Committe...

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Digital Economy

Sweden’s Reactional Music wins €2.5 million grant from the European Innovation Council

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Stockholm-based music personalisation platform for games and interactive media Reactional Music has been awarded a €2.5 million grant from the European Innovation Council (EIC). The EIC has also allocated up to €6.5m in future equity to match incoming capital. If fully exercised, this would bring the total potential EIC-backed funding to up to €9m. Reactional said the funding will support the company’s transition to large-scale commercial deployment. Priorities include scaling music delivery ...

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