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Digital Economy

Subscriptions to SVoD services will reach 1.64 billion by 2026 with the US and China accounting for 50% of the total

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The world will experience a significant boom in SVoD subscriptions in the next few years, according to the latest figures published by Digital TV Research.
The total number of subscriptions to SVoD services will grow from 491 million in 2021 to 1.64 billion in 2026, with China and the US together accounting for 49% of the global total by 2026, down from 56% in 2021.  
Simon Murray, Principal Analyst at Digital TV Research, said: “China and the US had a similar number of subscriptions by en...

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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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