Streaming Music news and trends

Taylor Swift Drove 2% of All Music Sales in 2023
Streaming // February 04, 2024

Last year, Taylor Swift accounted for 2% of the music industry’s entire sales. But as the megastar prepares to make history — in the running to become the first artist ever to win the Album of the Year Grammy four times — her success marks...

Apple’s Changes in Royalties Strike Sour Note With Indie Labels
Apple // February 04, 2024

Apple’s plans to pay more for songs produced with higher-quality audio are causing discord among some artists. That’s according to a report Friday (Feb. 2) by the Financial Times (FT), which says that independent record labels argue that this shift will mean more money for high...

Spotify CEO on Layoffs: ‘Our Cost Structure is Too Big’
Personnel // December 04, 2023

Spotify is laying off 17% of its workforce as the streaming audio platform tries to cut costs. “The Spotify of tomorrow must be defined by being relentlessly resourceful in the ways we operate, innovate and tackle problems,” Daniel Ek, the company’s CEO, said in a...

Spotify Unveils Hub to Let Fans Buy Artist Merchandise
Social Commerce // October 16, 2023

Spotify said it doesn’t want music fans to have to wait for new artist merchandise. The streaming audio platform announced Monday (Oct. 16) that it was adding a dedicated “Merch Hub” to its app to make it easier for listeners to browse and shop for productions from...

Quick Reads
TikTok Pulling Plug on Streaming Music Service

September 24, 2024
TikTok says its streaming music service won’t be around for much longer. “We are sorry to inform you that TikTok Music will be closing on 28 November 2024,” the video sharing media platform said in a post on its website. “We would like to thank you for all of your support, and we hope you […]

Taylor Swift Drove 2% of All Music Sales in 2023

February 04, 2024
Last year, Taylor Swift accounted for 2% of the music industry’s entire sales. But as the megastar prepares to make history — in the running to become the first artist...

Apple’s Changes in Royalties Strike Sour Note With Indie Labels

February 04, 2024
Apple’s plans to pay more for songs produced with higher-quality audio are causing discord among some artists. That’s according to a report Friday (Feb. 2) by the Financial Times (FT),...

Spotify CEO on Layoffs: ‘Our Cost Structure is Too Big’

December 04, 2023
Spotify is laying off 17% of its workforce as the streaming audio platform tries to cut costs. “The Spotify of tomorrow must be defined by being relentlessly resourceful in the...