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Sona, founded by DJ TOKiMONSTA, launches Web3 music streaming platform after raising $6.9m in seed round

In an era dominated by streaming giants like Spotify, independent artists often find themselves grappling with the challenges of visibility, fair compensation, and the complexities of breaking into the mainstream.As traditional streaming platforms fall short in providing equitable opportunities for some artists, NFTs (non-fungible tokens) are being hailed by some as a game-changer, offering independent artists a lifeline to not only thrive financially, but also to forge direct connections with […]

todayDecember 8, 2023 2

News

Morgan Wallen tops Apple Music’s 2023 song chart; Taylor Swift and SZA also top streaming lists | KAMR

LOS ANGELES (AP) — Country singer Morgan Wallen’s “Last Night” topped Apple Music’s global song chart in 2023 as the giant music streamer released year-end lists Tuesday and provided listeners with data on their own most listened-to tunes. Wallen’s hit emerged as the country song with the most days — 52 — at No. 1 on the Global Daily Top 100 chart. Nigerian rapper Rema’s “Calm Down” remix with Selena Gomez […]

todayNovember 28, 2023 5

News

Samsung’s Harman acquires music streaming platform Roon

Harman International's product is seen in this undated file photo. Courtesy of Samsung ElectronicsSamsung Electronics said Tuesday its automotive and audio electronics subsidiary Harman International has acquired the U.S. music streaming platform Roon in a bid to expand its presence in the digital audio sector.The New York-based Roon is a comprehensive music management and listening solution catering to music enthusiasts, supporting all major operating systems and manufacturing hardware server appliances […]

todayNovember 28, 2023 2

News

Music giants are streaming songs by ‘selfish’ rapper who filmed Coronation Street star’s daughter as she died after she overdosed on his drugs at Bestival

Louella Fletcher-Michie, 24, was filmed dying by rapper Ceon BroughtonBy Katherine Lawton Published: 21:08 EDT, 28 October 2023 | Updated: 21:30 EDT, 28 October 2023 A rapper who gave a Coronation Street star's daughter a fatal drug overdose and then filmed her dying is having his music streamed by music giants. Ceon Broughton's music is available to purchase on iTunes and stream on Spotify and YouTube even after he gave his girlfriend Louella […]

todayOctober 29, 2023 1

News

Universal Music shares down 6% as streaming sales edge lower

Universal Music Group generated revenue of €2.75 billion in the third quarter, a 3.3% increase compared to the same period last year despite a slide in streaming sales, according to its latest financial results.  The music recording giant said that sales were underpinned by “healthy constant currency growth” across all of its business segments.   That was not enough to impress the market, as its share price had fallen by 6% […]

todayOctober 27, 2023 2

News

Revenue at $3B on Streaming, Taylor Swift – Billboard

Led by strong subscription growth and a dominant quarter from Taylor Swift, along with strong sales of releases by Olivia Rodrigo, Morgan Wallen and Seventeen, Universal Music Group (UMG) grew revenue 3.3% (9.9% at constant currency) to 2.75 billion euros ($3 billion at the period’s average exchange rate) in the third quarter, the company announced Thursday (Oct. 26).  UMG will get another boost this quarter from Swift’s release of the […]

todayOctober 26, 2023 1

News

BMG CEO Thomas Coesfeld on Streaming, AI Concerns & Competition – Billboard

Thomas Coesfeld says that the next 10 years will be much different for BMG than the last 10. Navigating the onslaught of generative artificial intelligence (AI), diverging streaming economic models and the slowdown in streaming revenue growth is among the challenges “that are keeping me up at night,” says the new CEO of the world’s fourth-largest music company, who sat down with Billboard for his first U.S. interview since succeeding […]

todayOctober 24, 2023 6

News

Hulu to Serve as Official Streaming Destination of the Austin City Limits Music Festival

by Mike Mack | Oct 3, 2023 11:43 am (Pacific) For the second consecutive year, Hulu will serve as the Official Streaming Destination of the Austin City Limits Music Festival. This year’s livestream will be available to all Hulu subscribers at no additional cost from Friday, October 6 – Sunday, October 8 and include performances from artists like: Foo FightersAlanis MorissetteMaggie RogersThe LumineersMumford & SonsYeah Yeah YeahsAnd moreThis year’s Austin City […]

todayOctober 3, 2023 1

News

More music streaming price rises – now!

MBW Reacts is a series of analytical commentaries from Music Business Worldwide written in response to major recent entertainment events or news stories. MBW Reacts is supported by JKBX, a technology platform that offers consumers access to music royalties as an asset class.Music rightsholders waited more than a decade for streaming price rises. Now, finally, the train has left the station.In July, Spotify announced that it was bumping up its standard […]

todaySeptember 21, 2023 4

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