Category Archives: Music Stream

China’s largest music streaming business is planning a US IPO

Tencent Music Entertainment (TME) has nothing like the global profile of Spotify, but China’s top streaming service is heading for the U.S. public markets according to a filing made this weekend by parent company Tencent, the $500 billion Chinese internet giant which plans to spin the music business out. – Jon Russell, TechCrunch https://ift.tt/2uhEAn1
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Spotify Subscribers Demand Refunds Over Too Much Drake Promotion

The campaign was intended to be a quirky celebration of Spotify’s top streaming artist, helping him to break the one-week U.S. streaming record in only three days and putting him on pace to debut at No. 1 on the Billboard 200 albums chart. But some subscribers online have been decrying the decision as an imposition of advertisements on what are supposed to be ad-free accounts, with a select number taking their complaints directly to the company with requests for refunds. – Colin Stutz, Billboard https://ift.tt/2lR2qSY

Drake’s ‘Scorpion’ on Its Way to Shattering Streaming Records

Sixteen hours after its release, Drake’s new 25-song double-album “Scorpion” is averaging 10 million streams per hour on Spotify, according to an announcement from the company, and looks well on its way toward breaking a number of streaming records — it might even become the first album to pass 1 billion streams in the U.S. in its first week of release. – Jem Aswad, Variety https://ift.tt/2z1Ys3w

SAG-AFTRA Hit With Class Action Suit Over Streaming Music Service Fees

According to the suit, SAG-AFTRA and [The American Federation of Musicians] began collecting a 3% service fee from the fund in 2013. The suit alleges that the unions have collected more than $5 million in fees in exchange for providing data and for administering the fund, thereby reducing the pool of money available to performers. The suit also alleges that the interests of the fund are skewed towards the unions. – Gene Maddaus, Variety https://ift.tt/2tmERFS

Google launches standalone podcast app on Android

The internet giant has been dabbling in the podcast world for a number of years already, having launched its audio search engine app Google Listen back in 2009, before killing it off three years later. Google then added podcasts to its Google Play Music app back in 2016. But podcasts have felt — and still feel — like second-class citizens in the Google Play Music app, and with podcasting growing as a medium, Google clearly feels the time is right to launch a standalone podcast app. – Paul Sawers, VentureBeat https://ift.tt/2I47WKt
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