The Summer That Streaming Took Over

Streaming, once a niche music format, hit its cultural tipping point this summer.

The move by consumers away from owning music to renting it from services like Spotify and Apple Music has caught fire. Streaming is now the U.S. recorded-music industry’s biggest revenue source, surpassing downloads and CDs at the end of 2015, according to the Recording Industry Association of America. As of June 30, 36% of music sales reported to Nielsen are from streaming, up from 20% last year and far bigger than the 26% from physical albums and 20% from digital downloads.

Source: WSJ

Sony, Universal Introduce Cut-Rate Music Streaming Service in U.K.

Two major record labels are rolling out a low-priced music streaming service in the United Kingdom, a rare foray by record companies directly into the field and another sign the industry is finally moving toward more flexible pricing.

Now That’s What I Call Music, a joint venture between Universal Music Group and Sony Music Entertainment that releases a popular series of compilation albums, is finalizing a streaming app called NOW Music+ that will offer playlists of hit songs for 4.99 pounds ($6.62) a month, or 5.99 pounds if purchased in Apple’s App Store, people familiar with the matter said.

Source: Fortune

Jay Z’s Music Streaming Start-up Is Losing Millions

money-e-commerce-billboard-6501The idea behind the company was simple, and compelling: Tidal would benefit both artists and listeners by making performers like his wife, Beyoncé, Rihanna, and Kanye West co-owners of the platform in exchange for Tidal having the exclusive rights to release their music and videos first on its platform. The premium content also came with a premium price: as much as $19.99 for the tier including high-fidelity sound.

Source: Vanity Fair

Have Spotify and Apple Music Just Won The Streaming Wars?

Spotify has just delivered 2 landmark data points: 40 million subscribers and $5 billion paid to rights holders to date. Although the 3 million added in Q3 was down on the 7 million added in Q2 (boosted by a summer pricing promo) there is no escaping the fact that Spotify’s momentum has accelerated rather than declined since the emergence of Apple Music. 2016 is proving to be Spotify’s year.

The question is how well the rest of the market is performing beyond the 2 market leaders?

Source: MIB

Spotify Will Launch its Streaming Service in Japan this Month

After more than a year of hinting, Spotify is finally coming to Japan this month. The Swedish music streaming service will go live in the country before the end of September, a source at the company confirmed to TechCrunch.

The Nikkei earlier this summer reported that the launch was imminent. The publication, one of Japan’s leading business publications, said that Spotify Premium would cost around 1,000 yen (close to $10) per month, and that’s the same price range we have heard.

Source: TechCrunch

Digicel Launches New Streaming Music App

Digicel have unveiled the latest addition to their range of products with their music streaming and downloading app, d’Music, which contains a catalogue of over 20 million songs from international artists across all genres. d’Music is available to Digicel customers, including those in Bermuda, on a Prepaid or Postpaid data plan and comes with 1GB of free data to stream and download songs without it taking from their main data allowance.

“We are always listening to our customers and bringing them services that they value. d’Music is a great example where we were asked for not just music streaming but the ability to download and listen off-line, and to keep it really affordable. That’s why we made it free for some plans and included 1GB of data or about 32 hours of free streaming,” explained Julian Burton, Commercial Director at Digicel.

Source: Bernews.com

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