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Digital Economy

Global SVoD market to add 550 million subscriptions by 2027 to reach 1.75 billion

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Global SVoD subscriptions will increase by 550 million between 2021 and 2027 to reach 1.75 billion, according to the latest projections from Digital TV Research.

The two leading markets will be China and the US, accounting together for about 48% of the world’s total by 2027. The US market alone with add 104 million new subscriptions in the US in the next five years to reach 456 million subscriptions in 2027.

“China and the US had a similar number of gross subscriptions by end-2021," ...

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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 will charge Premium subscribers in France an additional €0.13/month to account for the new tax on music streaming

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Spotify has informed its Premium subscribers in France that, from July 1, subscription rates will increase between €0.07 and €0.22 per month, depending on the plan.

The Premium subscription, previously costing €10.99 will be raised to €11.12/month (a €0.13increase); the Duo option will cost €15.17/month, up €0.18; the Family plan will increase by €0.22 to €18.21; and the Student offer will cost €0.07 more to €6.06.

The music streaming platform said the increase is designed "to cover the ...

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Creative Industries

Music deals — Week 21, 2024

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Here's a list of the main deals announced this week:

WCM’s Damian Trotter and Kevin Parker

Sony Music Publishing (SMP) has acquired the catalogue of songs from singer, songwriter, producer and multi-instrumentalist Kevin Parker, the frontman of Australian rock band Tame Impala. The deal — the terms of which were not disclosed — expands SMP’s longstanding partnership with Parker. SMP has been representing Parker’s entire catalogue of songs since 2009 and will continue to represent his futur...

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Creative Industries

Quotes of the week — Week 21, 2024

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"Nine months later, my friends, family and the general public all noted how much the newest system named 'Sky' sounded like me. When I heard the released demo, I was shocked, angered and in disbelief that Mr. Altman would pursue a voice that sounded so eerily similar to mine that my closest friends and news outlets could not tell the difference."By American actress Scarlett Johansson, reacting to the release of 'Sky', a voice created by artificial intelligence by OpenAI's ChatGPT system that so...

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