SUBSCRIBE FOR FULL CONTENT ACCESS: VIEW OFFERS
Connect with us

Digital Economy

ByteDance pulls out music streaming service Resso from India

Published

on

TikTok parent ByteDance has taken the unprecedented step to shup down the music streaming service Resso operating in India, following the decision from the Indian government to have the application removed from the Apple App Store and Google Play.

Resso was launched in March 2020 as a music streaming service offering both a free tier fiannced by advertising and a subscription model. It has turned into a subscription-only service in May 2023. The service will cease to operate on January 31, 2...

A paid subscription is required to read more.
Log in below, or UPGRADE / SUBSCRIBE.

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 14, 2024

Published

on

Here is a list of some of the main music deals announced in the past week:

Rock band KISS have signed an agreement with Pophouse which will give the Swedish entertainment and music investment firm ownership of KISS’ artist share of the master recordings and publishing rights. Financial terms of the transaction were not being disclosed but AP estimated that the deal was “over $300 million.” The transaction is subject to certain conditions and regulatory approvals. “Working closely with...

A paid subscription is required to read more.
Log in below, or UPGRADE / SUBSCRIBE.

Continue Reading

Creative Industries

Quotes of the week — Week 14, 2024

Published

on

"Music makers already know what music lovers are just now learning: TikTok is the worst, most exploitative streaming platform for music, anywhere (and that’s saying something). The vast majority of music on TikTok generates virtually no revenue for the musicians who made it, and even more music on the platform is completely unlicensed (stolen), copied (stolen via AI), or pirated (stolen). Simply put, TikTok is trying to build a music-based business without paying music makers fair value for the...

A paid subscription is required to read more.
Log in below, or UPGRADE / SUBSCRIBE.

Continue Reading

Creative Industries

Key figures — Week 14, 2024

Published

on

43.2 billion

That's the total number of times the songs in Spotify's list of “the 100 greatest R&B songs of the streaming era“ have been streamed on the platform since 2015, according to MusicAlly.

$40 billion

That's the EBITDA posted by TikTok parent ByteDance in 2023, out of a turnover of over $120bn, according to a Bloomberg report.

$2.9 billion

That's how much France's pay-TV company Canal+, part of Vivendi, is offering to acquire African broadcaster MultiChoice...

A paid subscription is required to read more.
Log in below, or UPGRADE / SUBSCRIBE.

Continue Reading

Trending