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Online Music Streaming - Latest updates on Online Music Streaming

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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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Ontology inks deal with music blockchain platform for decentralizing music industry

Blockchain service, Ontology Network is entering into an strategic agreement with music blockchain platform, Muzika to help decentralize music industry. Muzika and Ontology will help in creating a reliable blockchain music streaming platform which will give fans more right and a new identity into the music world. Using Ontology blockchain technology, fans will be able …

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BluOS partners with music streaming service SoundMachine for business

BluOS signs partnership agreement with music streaming service SoundMachine aimed for enhancing music experience for light commercial environments. With this deal, SoundMachine allows users access to professional curated stations and ability to schedule promotional messages along with their music. With music content reaching 10,000 locations across more than 65 countries, SoundMachine  subscribers can enjoy wirelessly …

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Humbolt plans to launch music streaming service for independent artists

Music discovery platform, Humbolt is planning to launch a music streaming service for independent artists and labels. The introduction of music streaming platform will enable music lovers to discover and support great music from around the world. David O’Brien, Founder, and CEO, Humbolt quoted, “As a former musician, I wanted to create Humbolt in order …

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Tidal and MTN Uganda partner to bring music streaming service to phone

Tidal and MTN Uganda have collaborated for a new music streaming service. With this partnership, MTN Uganda customers will get access to exclusive high quality streaming music, concerts, videos and much more. With Ugx 1,000 and over 57 million songs, MTN customers can enjoy music streaming services over the MTN network. Lior Tibon, an official …

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Genie Music introduces 5G music streaming platform

Telecommunications provider KT’s affiliate, Genie Music is all set to launch a new music streaming platform using fifth-generation (5G) networks. With an aim to capitalize on the ever-growing mobile music market, the music 5G platform will feature both music streaming service and visual content. Kim Hoon-bae, CEO, Genie Music quoted, “Visual content will be a …

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TLD3 aims to move into wireless audio streaming market

TLD3 Entertainment Group has closed the acquisition of assets of Digital Legend, a developer of wireless audio streaming and music social network software. With this acquisition, TLD3 will now own and control the global marketing and development rights to Mbox wireless audio streaming technology and Take It 2 The Next Level’s music social networking application. …

Spotify hits 83 million paid subscribers

Music streaming giant Spotify has 83 million paid subscribers amount to a total of 180 million daily active users as reported in its second-quarter earnings report from 2018. Spotify’s daily active user base has grown 30 percent year-over-year. Additionally, Spotify also states that its revenue has increased up to 26 percent year-over-year. The online music …

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Music streaming services are on rise in UK

According to reports, music streaming services have overtaken radio among the British youngsters. Online music streaming services now account for 8% of all audio listening in the UK. 15-24 year old Brits spend around 29% of their time on listening to online streaming music, and 9% using music video channels/ sites for background listening. The …

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Online music streaming sets tune for global music industry as live streaming outshines digital download

Online music streaming has finally edged out digital downloads and physical sales, becoming the industry’s biggest source of revenue. Live music streaming services such as Spotify and Apple Music, now make up 34.3 percent of sales, up from 29% the year before. According to reports, global recorded music revenues led up to $17.4 billion in …

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