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Digital Economy

Amazon Music will overtake Pandora to become the second largest streaming service in the US by 2023

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Spotify will remain the leading service in the US at the end of 2022, with 89.2 million users, up 7.0% year-on-year, according to Insider Intelligence. Amazon Music will leapfrog Pandora as the second largest service with 52.6 million users in the US, up 5.3% over last year, while Pandora’s user base will decline by 6.7% to 49.1 million users. Apple Music will grow its user base by 3.1% in 2022 to reach 38.2 million subscribers.

Launched in 2000, Pandora was the US leading service by far fo...

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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

Warner Chappell Music seals partnership with web3 entertainment incubator Defient to develop blockchain-powered projects

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Warner Chappell Music, the music publishing division of Warner Music Group, has entered into an agreement with Defient, a web3 entertainment incubator for the next generation of creativity, covering blockchain projects, among others.

WCM said it was "a first-of-its-kind" partnership that will "empower WCM’s songwriters and producers to explore new opportunities and unlock more value by engaging the web3 space and leveraging blockchain technology."

Warner Chappell and Defient’s first proj...

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Digital Economy

NetEase Cloud Music renews licensing agreement with Japan’s Avex

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China's music streaming service NetEase Cloud Music has renewed its licensing agreement with Japanese entertainment company Avex, granting NetEase Cloud Music access to Avex's music catalogue in China.

According to NetEase, both parties will collaborate "to promote the presence of prominent and fan-favorite J-pop artists and content" and "utilise their advantages to unlock more opportunities and bring fans closer."

NetEase said Cloud Music has been "actively broadening its portfolio...

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Creative Industries

Quotes of the week — Week 46, 2022

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"I’ve had a bad month.”By Sam Bankman-Fried, the founder and CEO of bankrupt crypto platform FTX, speaking at the New York Times' DealBook Summit, in his first public appearance since the collapse of his company amid allegations of fund mismanagement.

“The fact that companies have to deliver their apps exclusively from platforms controlled by competitors — there is a conflict of interest there.”By Mark Zuckerberg, founder of Meta, the parent company of Facebook and Instagram, expla...

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