Hipgnosis snaps up rights to music catalogue of Eurythmics co-founder Dave Stewart May 10, 2019 Music royalties investment firm Hipgnosis has bought the rights to more than 1,000 songs written by Eurythmics co-founder Dave Stewart. Read more: One Media IP shares jump as streaming boosts profits The songwriter and record producer is best known as one half of pop group Eurythmics, which he formed in 1980 with eight-time Brit Award [...]
Not so lucky: Google’s share price falls eight per cent after disappointing results April 30, 2019 Shares in Google’s parent company Alphabet fell more than eight per cent in early trading in the US today after its results for the first quarter disappointed last night. Revenue rose 16.7 per cent to $36.3bn (£27.8bn) for the three ended 31 March, its slowest pace in three years, missing analyst estimates of $37.3bn according [...]
Spotify reaches 100m premium subscribers as it marks milestone in first quarter April 29, 2019 Spotify hit 100m premium subscribers in the first quarter of this year, as the music streaming platform expanded into India and saw a positive uptake of new services. The number of premium subscribers paying for the streaming service jumped 32 per cent to 100m driven by the expansion of its Google Home Mini promotion, which [...]
Avengers, Assemble – Marvel’s superhero franchise can teach your business how to tackle digital disruption April 29, 2019 It’s fair to assume that for Marvel fans sitting down to watch the recently released Avengers: Endgame, their first thought won’t be what it teaches us about digital disruption – they’ll be wondering how the dream team will defeat the Mad Titan Thanos, and who will still be standing when the credits roll. However, with [...]
Music rights firm One Media IP sees profits soar as it cashes in on streaming April 9, 2019 Shares in music rights company One Media IP jumped as much as 15 per cent this morning after it reported a huge rise in profits for the full year. One Media posted a 16 per cent rise in revenue to £2.7m in the year to the end of October, while pre-tax profit soared 63 per [...]
Apple Music overtakes Spotify for number of paid subscribers in the US April 6, 2019 Apple Music’s streaming service has overtaken Spotify in terms of paid subscribers in the United States for the first time, according to Reuters. As of the end of February this year, Apple had amassed 28m subscribers for its product, compared with Spotify’s 26m, the report claimed. Read more: Social media giants to be held responsible [...]
Audioboom posts record quarterly revenues as it cashes in on podcast boom April 3, 2019 Podcast platform Audioboom has posted a surge in quarterly profits as appetite for on-demand listening continues to grow. The London-listed firm saw its revenue rise 180 per cent year-on-year to $4.6m (£3.5m) in the three months to the end of March. Read more: BBC removes podcasts from rival Google service Audioboom said it has boosted [...]
Global music industry revenue grows 10 per cent as streaming booms April 2, 2019 Global music industry revenues grew almost 10 per cent last year as the rise in streaming services offset a decline in physical formats. Revenues grew 9.7 per cent in 2018 to hit $19.1bn (£14.7bn), according to the latest figures from the International Federation of the Phonographic Industry (IFPI). Read more: Music streaming revenues overtake ownership [...]
Spotify makes latest podcast acquisition as it looks to cash in on true crime March 26, 2019 Spotify has snapped up its third podcast company of the year as it looks to double down on the format amid a boom in on-demand listening. The Swedish streaming service today said it had acquired Parcast, a podcast studio specialising in true crime series. Read more: Apple hits back at Spotify in App Store war [...]
BBC pulls podcast content from Google’s rival service March 26, 2019 The BBC has blocked its podcasts from appearing on Google's own rival services, including Google Assistant. New episodes for BBC podcasts stopped appearing on the Google Podcast app sometime on 19 March, according to Pod News, with podcasts now being removed entirely from the platform. BBC distribution and business development director Kieran Clifton confirmed that the [...]