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Digital Economy

Believe and TuneCore seal licensing deal with China’s short-form video platform Kuaishou

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Paris-listed music company Believe, and its affiliate TuneCore, have signed a global licensing agreement with Chinese short-form video-sharing app Kuaishou.

The deal with Believe — which becomes one of the first Western music companies to sign an agreement with the platform — covers use of 60-second clips of music in user-generated content on the app. Kuaishou and Believe will also work together "to unlock promotional opportunities for Believe artists on the video platform."

Believe said ...

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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).

Creative Industries

Universal Music Group in partnership with digital collectibles marketplace LimeWire

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In its initial incarnation and a peer-to-peer service, LimeWire had a few problems with rights holders, leading to the service shutting down; now, the platform is re-born as a digital collectibles marketplace and has signed a partnership with Universal Music Group (UMG).

As part of this partnership, UMG will provide licenses that will allow LimeWire to partner with UMG artists in order to launch music-based NFT projects utilising the LimeWire marketplace.

The two companies said they would...

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Digital Economy

MENA music streaming service Anghami posted revenues up 16% to $30.5m in 2021

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Anghami — the leading music streaming platform in the Middle East and North Africa — has posted revenues of $35,5 million for fiscal year 2021, up 16% from $30.5m in 2020.

The company, which is listed on the NASDAQ stock market, experienced revenue growth in both revenue streams: Subscription revenue was up 4% to $25.7m in 2021; Advertising revenues grew by 70% to $9.8m.

Anghami's financial and user metrics for 2021

"Ad-Supported revenues for the year ended December 31, 2021, increase...

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Digital Economy

Podcasts’ advertising revenues will hit the $2 billion mark in 2022 in the US

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Podcasts' estimated advertising revenues in the US in 2022 will exceed for the first time $2 billion in 2022, up 47% year-on-year, according to the sixth annual 'IAB US Podcast Advertising Revenue' study from the Internet Advertising Bureau (IAB) and PricewaterhouseCoopers (PwC).

In 2023, the study predicts that the podcast advertising market will hit $3bn, and $4bn by 2024. The IAB said in the report that ad sales will grow at a significantly faster pace than the “total internet advertisin...

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