Tencent Music last year signed a distribution and licensing agreement with Universal Music, including to build Abbey Road Studios China.
Users of Tencent Music and three of its platforms, QQ Music, KuGou and Kuwo, are able to listen to selected songs from 28 Beatles albums for free, with others available with a subscription.
Digital music downloads began to outsell physical media since 2012. It took four more years for digital music revenue to surpass those from physical media as well.
How Much Do Spotify And Record Labels Still Need Each Other? — www.billboard.com
So far, Spotify’s relationship with the recording business has resembled many marriages, says MIDiA Research managing director Mark Mulligan: A passionate honeymoon, followed by a series of arguments over which partner is in charge, and then a realization that both depend on each other.
Another big turn in the Indian music streaming market.
Apple Music's Jimmy Iovine says streaming services are 'too similar' — www.bbc.com
Apple Music executive Jimmy Iovine says streaming services need to diversify to survive.
Vinyl Me, Please CEO Matt Fiedler on Building a Record Club That Does What Spotify Can't — www.billboard.com
Growing vinyl record sales over the past decade or so have proven fertile ground for the subscription-based record club Vinyl Me, Please to build its business.
Pandora Thinks Record Labels Need To Change For Streaming To Survive — www.digitaltrends.com
Pandora’s Elizabeth Moody spoke with Digital Trends about the changes that need to be made in the music industry in order for streaming services like Spotify and Pandora to become profitable.
Spotify Stream Fraud: 2 Million People Used Illicit Apps to Block Ads — variety.com
Spotify said it discovered 2 million users were accessing the streaming-music service using unauthorized apps that blocked ads.
Music streaming is a tough racket, unless you're Apple — www.marketplace.org
Music licensing fees make it almost impossible to turn a profit in streaming.
Finally, Hoodoo Gurus' complete catalogue is on Spotify etc. — www.theindustryobserver.com.au
It’s thanks to their new partnership with Universal Music Australia and New Zealand.
Sean Parker played a big part in Spotify’s global expansion.
Despite it being the fastest growing form of music consumption, many people still don’t fully grasp how streaming works or, as this article maintains, doesn’t work.