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Music Streaming Platforms - Latest updates on Music Streaming Platforms

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Podcasts and Music Streaming Services push Radio to back seat

Cars and smartphones go hand in hand nowadays. A recent research claims the wireless links between cars and mobile devices have led music streaming services and podcast to be the first choice over the traditional radio service. The study claims one in six drivers now chooses to listen to a podcast, audiobook, or downloaded or …

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Music Streaming service Boomplay signs distribution deal with UMG

Africa’s leading music streaming and download service, Boomplay has signed a distribution deal with Universal Music Group (UMG) covering multiple markets within Africa. Under this deal, Boomplay will distribute subscription based music from UMG’s world famous labels through its streaming platform in Kenya, Nigeria, Tanzania, Ghana, Uganda, Rwanda and Zambia. Boomplay provides more than thousands …

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Unlike leading music streaming platforms, Napster records profit in 2018

Online music streaming service Napster has recorded a net profit of $4.4 million and $2.1 million respectively in the first two quarters of 2018. The number surprises all as Napster has managed to score a handsome profit despite a steep 28% drop in revenue while other leading music streaming platforms are incurring a loss for …

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Popularity of Audio streaming results in higher music sales in the US

According to reports, the rise in music streaming has led to significant growth in music sales in the U.S. The registered revenue which grew at a rate of 16.5% has hit a level, last seen a decade ago as per the report. Recorded music sales clocked at USD 8.7 billion returning to the revenue level …

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