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Digital Economy

Cyanite launches Cyanite for Innovators

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Berlin-based AI-powered music analysis and recommendation platform Cyanite has launched Cyanite for Innovators, a partnership initiative aimed at supporting "passionate innovators" in the fields of music, AI, and the creative arts.

Successful applicants to Cyanite for Innovators will have access to Cyanite's API and technology, early access to prototypes, and the team’s expertise. Cyanite said the initiative will provide innovators with "a unique opportunity to bring their music and technol...

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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

Listed music companies’ market cap up 2.4% to $217.5bn in Q2 2024 — report

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Music industry listed companies had a combined market capitalisation of $217.5 billion at the end of June 2024, up 2.4% compared with $212.4bn at the start of April and up 11.9% compared to $194.2bn at the beginning of the year, according to the Omdia's Music Industry Sharewatch, 2Q24. The combined market cap of the 28 companies tracked by Omdia ended June at $217.5bn.

According to Omdia's report, Spotify overtook Universal Music Group (UMG) as the biggest music industry company in market c...

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Digital Economy

Beatport teams up with fraud detection company Beatdapp Software to combat fraudulent stream manipulation

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DJ-centric platform Beatport has joined forces with fraud detection specialist Beatdapp Software "to ensure the authenticity of every stream on Beatport’s platform while eradicating fraudulent activities."

Beatport said that by integrating Beatdapp’s fraud detection technology, the platform will be able to deliver daily, weekly, and monthly streaming charts "devoid of manipulation or fraud, providing users with accurate insights into music trends and consumption patterns."

"At Beat...

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Digital Economy

Ticketmaster is integrating Shazam to facilitate the identification of concerts

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Ticketing company Ticketmaster is integrating Apple-owned music discovery app Shazam, following similar integrations with short format social network TikTok and instant messaging app Snapchat. The integration that will allow consumers to discover tickets to live events through social, entertainment and music apps.

Through these partnerships, Ticketmaster wants to make it "easier than ever for artists to connect fans to their live events." American singer and songwriter Meghan Trainor...

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