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Digital Economy

Spotify starts the year with 182 million premium subscribers and 422 million MAUs

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It's been a pretty good quarter for Spotify: During Q1 2022, the music streaming service managed to weather the exit from Russia, at the cost of 1.5 million subscribers, increased revenues from both its Premium and advertising-based tiers, and grew its Premium users and its MAUs.

"Overall, we are very pleased with the performance of the business and remain highly encouraged by the traction we are seeing," said Spotify in a letter to shareholders. The company added that the business "exhibite...

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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

Music deals — Week 28, 2024

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Here's a list of some of the main deals announced in the past weeks:

David Gilmour performing Live at Abbey Road

Universal Music Group‘s content production unit Mercury Studios has acquired the rights to distribute the concert series ‘Live from Abbey Road’. Mercury will represent the series globally after a decade off-screen. ‘Live From Abbey Road’ was produced by Michael Gleason between 2006-2012, with a hybrid performance/documentary format showcasing many of the world’s most popular act...

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Creative Industries

Key figures — Week 28, 2024

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2.29 trillion

That’s the number of Global On-Demand Audio music streams tracked in the first half of the year, up 15.1% year-on-year, according to Luminate’s 2024 Midyear Music Report. Some 665.8 billion streams were monitored in the US alone during the first six months.

$217.5 billion

That's the combined market capitalisation of the main music industry-listed companies at the end of June 2024, according to a report from Omedia. Spotify overtook Universal Music Group as the biggest mus...

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Creative Industries

Main stories — Week 28, 2024

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Here's a list of the main stories published by Creative Industries News in the past week:

COPYRIGHT & REGULATION> US Senators introduce the COPIED Act to set guidelines for the authentication and detection of AI-generated content> Ursula von der Leyen re-elected European Commission President for a five-year term> US Copyright Office rules on mechanical royalties in the case of termination rights> EU’s AI Act has entered into force on July 12> Drew ...

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