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Raine Group predicts recorded-income spike for indie artists

Investment firm Raine Group has a keen interest in the independent music and DIY artists sectors, having put funding into SoundCloud and Amuse, while advising Downtown on its acquisitions of CD Baby and Fuga. Now the company...
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Tencent Music now has nearly 40m people paying for music

Chinese music streaming firm Tencent Music has published its latest financial results, and they reveal significant growth in its number of paying users, and a 60.1% increase in its music subscription revenues year-on-year. The...
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British music labels’ trade income grew by 7.3% in 2019

UK music industry body the BPI has published its annual figures for British labels' trade income – the money that labels actually earn, rather than the 'retail value' of consumer spending on music that was reported by fellow...
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Billie Eilish ‘Bad Guy’ was the biggest global single of 2019

Billie Eilish is going to need to build a new awards cabinet soon: her latest trophy is the IFPI’s award for the biggest global single of 2019, awarded to ‘Bad Guy’. The track notched up 19.5m ‘global converted...
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Gaana says it has quadrupled its subscribers in the last year

Indian music streaming service Gaana recently said that it now has more than 150 million monthly active users, with an independent study backing up its position as the most popular DSP in India. What about its paid...
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The Trichordist publishes per-stream royalties data for 2019

Every year, artist-rights blog The Trichordist publishes an updated ‘streaming price bible’ comparing the per-stream payouts of the major music streaming services. The latest version, for 2019, was published overnight,...
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Global recorded music revenues grew to $21.5bn in 2019 says Midia

Music industry body the IFPI will publish its latest Global Music Report on 24 March, revealing the size and growth of the recorded music market in 2019. However, in recent years consultancy firm Midia Research has made...
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US recorded music trade revenues grew by 11% in 2019

It appears to be the day for new figures on the US music market. Industry body the RIAA published its year-end numbers for 2019 last night, revealing that recorded music’s retail value grew by 13% to $11.1bn last year. Meanwhile...
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How many users do Spotify, Apple Music and other big music streaming services have?

Sometimes the statistics around how many people are streaming music – and how many are paying for it – can lead to confusion and misinterpretation. Recently, for example, we've seen one story suggesting that Amazon...
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UK society PPL reports record international collections in 2019

British collecting society PPL has announced that its international collections in 2019 set a new record: £86.7m (around $112.2m), representing 22% growth year-on-year. The collections came through PPL’s agreements...
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Amazon now has more than 55m music streaming users

Amazon has announced a big milestone for its music-streaming business: more than 55 million users. “The streaming service has reached more than 55 million customers globally, with subscriptions to Amazon Music Unlimited...
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In 2019, UK music-streaming spending passed £1bn for the first time

Consumer spending on music streaming in the UK passed the symbolic £1bn mark for the first time last year, according to figures published by the Entertainment Retailers Association (ERA) today. Brits spent just over £1bn...