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CISAC report reveals growth in global music collections

CISAC, the global collecting-societies body, has published its annual 'Global Collections Report' setting out the collections of its 239 members in more than 120 countries. As ever, it's a useful counterpart to the IFPI's...
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Spotify now has 248m listeners including 113m premium subscribers

Spotify has announced its latest financial results, for the third quarter of 2019. The streaming service now has 248 million monthly active users (MAUs), up 30% year-on-year, having added 16 million in Q3. 113 million...
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Mixcloud posted revenues of £2.4m in 2018 – and a £3m loss

Audio-streaming service Mixcloud has published its financial results for 2018 through Companies House in the UK: and unlike in previous years, the accounts have been published without a small-company exemption, thus giving...
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Shazam financials reveal it added 78m users in 2018

Shazam reached 478 million annual active users in 2018, which is 78 million more than in the previous year. The company’s revenues fell by 23% to £31.4m last year, but it swung from a loss of £17.7m in 2017 to a profit...
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Music listening in 2019: 10 takeaways from the IFPI’s new report

Global music-industry body the IFPI has published its latest 'Music Listening' report, for 2019, based on a survey of 34,000 people in 21 countries. Whereas the body's annual Global Music Report focuses on revenues, this...
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K-Pop groups are half of YouTube’s biggest 24-hour debuts

It’s been clear for some time that YouTube is playing a significant role in the continued growth in the popularity of K-Pop outside South Korea. It’s also something we’ll be digging into at the NY:LON Connect conference...
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KPMG India predicts growing prominence for music subscriptions

Research firm KPMG’s India division has published its annual Media and Entertainment Report for 2019, which describes India’s digital future as a “mass of niches”. It’s very good for rooting what’s happening...
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US recorded-music business grew by 18% in first half of 2019

Pop the champagne corks! Well, if you’re one of Music Ally’s American readers reading this story at the start of your working day, perhaps leave that until… whatever time won’t get you sacked for too-early-in-the-day...
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Spotify’s Q2 2019: 108m subscribers, €1.67bn revenues, and a €76m net loss

Spotify has published its financial results for the second quarter of 2019, revealing that the streaming service added 15 million new listeners including eight million paid subscribers during Q2. Spotify ended June 2019...
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The challenge for music and podcasts: “Rights are a disaster’

There are big opportunities for the music industry in podcasts, but one of the big barriers is licensing: the cost and complexity for podcasters of securing the rights to actually play music in their shows. This was one...
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Music streaming in 2019: radio rivalry, Spotify sustainability and ‘west versus east’

Streaming was the big driver behind the recorded-music industry’s 9.7% growth in 2018, according to the IFPI. In fact, streaming revenues grew by 34% to $8.9bn, accounting for 47% of the global total. At the end of 2018,...
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Spotify now has 100 million premium subscribers

Spotify has published its financial results for the first quarter of 2019, including a significant milestone: 100 million premium subscribers. That's up from 96 million at the end of 2018. and 75 million a year ago. Spotify...