Global recorded music revenues exploded in 2023, thanks mainly to a surge in paid streaming subscribers. According to The IFPI Global Music Report, revenues from recorded music worldwide were up 10.2% last year to $28.6 billion, surpassing 2022’s 9% increase and marking the ninth consecutive...
Spotify has purchased Heardle, a daily music game, in what it says is a way to add more opportunities for music discovery, a company press release said Tuesday (July 12). “Playing Heardle might just help you to rediscover old tracks you may have thought you’d...
Pop act The Chainsmokers will release NFTs to give fans a piece of the streaming royalties from the new album “So Far So Good,” Bloomberg wrote Thursday (May 12). There will be 5,000 NFTs and they’ll be given out on May 17 for free. The...
Welcome to the fifth installment of PYMNTS’ series on NFTs, the newest craze in crypto. Over 12 days, we’ll be looking at every part of the non-fungible token craze sweeping the worlds of art, video games, social media, fashion, and sports. When it’s finished, you’ll...
March 29, 2024
An artificial intelligence (AI)-created blues song that went viral has ignited discussions among experts about the revolutionary role AI might play in reshaping the music and commerce fields. The platform Suno created the hit song, which utilizes ChatGPT for lyric writing. Suno offers a unique service: generating entire songs from simple text prompts. Their productions […]
September 09, 2020
The COVID-19 pandemic is shaking up shopping behavior. Consumers who previously paid for purchases by swiping or inserting their cards at in-store point-of-sale (POS) terminals are now turning to contactless...
September 27, 2017
Online dating, supply chains, charitable giving….there’s a matchmaking platform for almost any service or activity and so why not live music? Gigmor has a live music marketplace that seeks to...
July 12, 2022
Spotify has purchased Heardle, a daily music game, in what it says is a way to add more opportunities for music discovery, a company press release said Tuesday (July 12). “Playing Heardle might just help you to rediscover old tracks you may have thought you’d forgotten, discover amazing new artists, or finally put a title […]
May 12, 2022
Pop act The Chainsmokers will release NFTs to give fans a piece of the streaming royalties from the new album “So Far So Good,” Bloomberg wrote Thursday (May 12). There...
July 28, 2021
The ranks of Spotify’s premium subscribers soared by 20 percent year over year to 165 million in the second quarter, as the streaming company reported “significant advertising strength and subscriber...
April 16, 2021
A letter viewed by the Wall Street Journal (WSJ) from Apple Music that was sent to creators, publishers and labels said that the tech giant has a penny-per-stream payment structure....
