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Revenue from music streaming posts sharp rise in H1 2018

According to research reports, music industry market recently has seen an upsurge in revenue generation. Music streaming has contributed 75% of all the industry revenue. Revenues grew from $4.2 billion to $4.6 billion, up at 10% on a yearly basis thanks to expanding music streaming services and their paying subscribers. Mitch Glazier, President of RIAA …

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Revenues get a boost for Australian musicians, with growth in Spotify, Apple Music

Streaming services such as Spotify and Apple Music are generating growing revenue for Australian musicians, according to new figures. Australian and New Zealand artists earned $62 million in royalties from streaming in the year to date, a 127% growth, according to APRA AMCOS, which is the body responsible for distributing money to artists for their …

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Spotify introduces self-serve platform for audio ads

Spotify’s new ads platform aims to bring a large number of Small and Medium Business (SMB) advertisers to the streaming audio service. In this process, it has introduced its first self-serve platform for marketers to be able to set up and manage audio ad campaigns. Advertisers can decide to upload pre-created ads or upload a …

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Audio streaming on the rise from 8% to 45%

According to the latest music consumer insight report published by the International Federation of the Phonographic Industry’s (IFPI), there is a rise in the number of music consumers across the world that are listening via licensed audio streaming services.   The survey of internet users aged 16-64 in the world’s leading music markets revealed the …

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Spotify attempts to augment its ad sales with self-serve platform

Spotify, which is the leading music streaming service, is introducing an automated self-serve platform called Spotify Ad Studio that generates audio ads that are targeted to about 90 million users that listen to music with commercials for free. Spotify Ad Studio is in the beta version and is only for U.S advertisers. Advertisers first upload …

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Pandora users get the choice of playback and skip for ads

Pandora has launched Video Plus which is rolled out with T-Mobile, that offers rewards to viewers with song replays and the ability to skip tunes if they view ads. 42% of Pandora users, which is equivalent to 76 million monthly users, have already opted for the Video Plus program. Video Plus ads are’nt for Pandora …

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iOS includes Waze and Spotify integration

Navigation app Waze partnered with music streaming service Spotify to display its playlists within the Waze app. A number of direct Spotify features are to be included within Waze and vice versa. Within the Spotify app on iOS, Waze users can navigate to their destination. Also, Spotify playlists can be accessed from the Waze app …

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Apple Music streaming to be included in Apple Watch Series 3

Apple Music will now be available on Apple Watch Series 3. It offers more than 40 million tracks that will be streamable from the wrist thanks to the new electronic SIM system that can link to cellular networks. Apple Watch 3 users will now be able to stream from the Apple Music library even without …

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Streaming services preferred means of listening to music for Americans

Music streaming has become hugely popular in the U.S primarily due to convenience. Americans streamed 284.7 billion on-demand music streams (including video) in the first 6 months of 2017 as per Nielsen data. Assuming that 1,500 streams is the equivalent of 1 album then streaming sells far more “albums” than traditional music sales channels. Streaming …

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