Page 3 - Music Streaming
Alibaba Group to shut down Xiami streaming platform on February 5
Xiami is a music streaming app
 "Alibaba Group to shut down Xiami streaming platform on February 5")
2020, the year that was: A gloomy picture for the entertainment industry
Decimation of film business, redrawing of the video map, and possible break-up of big tech firms could be dominant trends in 2021
 "2020, the year that was: A gloomy picture for the entertainment industry")
Music platforms remain immune to Covid-19 as investments intensify
Shamrock Capital, a private equity firm, has acquired the Taylor Swift master recordings from Carlyle Group and manager Scooter Braun for $300 million
 "Music platforms remain immune to Covid-19 as investments intensify")
Apple's subscription bundle of news, music and services to launch on Friday
The bundle varies by geography but generally combines Apple's news, music, video and cloud storage offerings, putting it in fiercer competition with music rivals such as Spotify
 "Apple's subscription bundle of news, music and services to launch on Friday")
Global online music streaming revenue declines 2% in Q2, shows report
Global online music streaming revenues in Q2 of this year declined two per cent QoQ driven by sequential slump in both paid and ad-based revenues, according to a Counterpoint Research report
 "Global online music streaming revenue declines 2% in Q2, shows report")
The show must go on: Performance artists struggle as gigs go online
Due to the lockdown, artists are turning to online shows but the concept of online concerts are still at a nascent stage making survival difficult for many
 "The show must go on: Performance artists struggle as gigs go online")
Music streaming app Gaana aims to be operationally profitable in 3 years
The platform, which has a 45 million strong library, now has 152 million monthly active users
 "Music streaming app Gaana aims to be operationally profitable in 3 years")
Kuku FM raises $5.5 million from Vertex Ventures, Shunwei Capital
The deal comes in the background of growing popularity of audio platform, including local ones
 "Kuku FM raises $5.5 million from Vertex Ventures, Shunwei Capital")
The universal language
The ubiquity of the Internet on computers and mobile phones has made cross-cultural consumption substantially easy
 "The universal language")
Apple likely to offer bundle of paid services as early as 2020: Report
Apple is already experimenting with the approach as it recently began offering free Apple TV+ to students who are Apple Music subscribers.
 "Apple likely to offer bundle of paid services as early as 2020: Report")
Monetising music
Music is the lifeblood of the entertainment ecosystem; yet it remains small and under-invested in. Why?
 "Monetising music")
What bites music business in India? Time and revenue mismatch, says study
Streaming now brings in 70 per cent of the Rs 1,068 crore the industry made in early 2019
 "What bites music business in India? Time and revenue mismatch, says study")
Average internet user spends 21.5 hours every week listening to music
76 % of surveyed internet users admitted to accessing musical content through pirated means
 "Average internet user spends 21.5 hours every week listening to music")
From Spotify to Apple: Streaming giants turn up the pitch, vie to be heard
Spotify, YouTube, Amazon, Apple are using every tool in the kit to woo Indian listeners and take on the local labels
 "From Spotify to Apple: Streaming giants turn up the pitch, vie to be heard")
Songwriters sing blues over diminished royalties from streaming
On-demand streaming has boosted overall industry sales two years in a row
 "Songwriters sing blues over diminished royalties from streaming")
