The topline stats in the new “Streaming Forward” report from trade group the Digital Media Association (DiMA) are reason enough to sit up and notice. By the end of 2019, there were 99 million active streaming subscribers — procured from 87.5 million paid users — in the U.S. alone. And over the previous two years, paid subs jumped 74.6% and revenue rose 57.7%, fueling optimism for a long-suffering industry and turning streaming services, labels and publishers into hot investments. It’s no wonder Spotify’s stock is soaring and Warner Music Group had a successful IPO in the pandemic’s early days. Streaming has made music hot again. But the 43-page report, conducted by MiDIA Research for DiMA, begs the question on why they would fund such a market research study. ...
TikTok CEO Kevin Mayer resigned Thursday amid U.S. pressure for its Chinese owner to sell the popular video app, which the White House says is a security risk. In a letter to employees, Mayer said that his decision to leave comes after the “political environment has sharply changed.” His resignation follows President Donald Trump’s order to ban TikTok unless its parent company, ByteDance, sells its U.S. operations to an American company within 90 days. “I have done significant reflection on what the corporate structural changes will require, and what it means for the global role I signed up for,” he said in the letter. “Against this backdrop, and as we expect to reach a resolution very soon, it is with a heavy heart that I wanted to let you all know that I have decided to leave the company...
Triller and leading Indian music streaming service JioSaavn have struck a new partnership designed to expand the video-sharing app’s reach in the country. Under the agreement, which was announced Monday, all music videos offered inside JioSaavn will be Triller music videos, further expanding the app’s visibility in the country. Additionally, JioSaavn’s main screen will prominently display a button inviting users to make their own Triller videos. The new partnership comes on the heels of India’s ban of Triller competitor TikTok in late June over national security concerns. Following the ban, Triller surged to No. 1 on Apple’s App Store in the country. “We couldn’t be more pleased to have partnered with not only the biggest company in India but one of the biggest and ...
Napster is on the move, again. London-based virtual reality concerts company MelodyVR announced on Tuesday that it is acquiring Rhapsody International, which operates as Napster, from its majority owner RealNetworks for the price tag of $70 million. MelodyVR, which operates an app specializing in live virtual reality music experiences, plans on combining with Napster to create the “first ever music entertainment platform which combines immersive visual content and music streaming,” said Anthony Matchett, MelodyVR’s CEO. The $70 million transaction is expected to close by year’s end and breaks down as $15 million in cash, $11 million in MelodyVR stock and the assumption of roughly $44 million in payments owed by Napster to various music industry entities. “For music&...
Shudder already celebrated Halfway to Halloween back in April. Come September, however, they’re bringing the real tricks and treats with 61 Days of Halloween, and today they’ve announced all kinds of exciting festivities. The two-month celebration will feature weekly original programming, a new Halloween special of The Last Drive-In with Joe Bob Briggs, a sequel to the one and only Ghoul Log, and, yes, the return of the Shudder Halloween Hotline. “We usually call October our ‘Super Bowl month’ but this year we’re starting on September 1st, so the 61 Days of Halloween will be our Super Bowl combined with Mardi Gras and Christmas,” said Shudder GM Craig Engler in a press release, who also teased a surprise at the end of the month “that will have horror fans everywhere talking.” Editors’...
Source: Philo / Philo An emerging streaming app is about deliver even more Black excellence to its viewers. A new partnership is set to give our culture a bigger platform to shine. This week Philo and TV One announced a distribution agreement, adding the channel to Philo‘s lineup of 60+ channels for $20 per month. This marks TV One’s first vMVPD distribution deal. Philo subscribers can watch a broad range of real-life and entertainment-focused original programming on TV One, including classic series, movies, and music designed to entertain and inform a diverse audience of adult black viewers, including popular original series Unsung, Uncensored, ATL Homicide, and Fatal Attraction. The addition of TV One will align with Philo‘s lineup that includes recentl...
Hulu is prepping for spooky season in September 2020. Next month, the streamer is unlocking a bunch of tricks and treats: Wes Craven’s The Last House on the Left, Sam Raimi’s Evil Dead II, James Cameron’s The Terminator, and — get this — every single movie in the Twilight series. Vamps unite! Also exciting is the premiere of Keith Knight’s new irreverent comedy series Woke. The show follows a Black cartoonist whose career success is slightly derailed when an unexpected incident changes everything in his life. What’s more, Hulu is porting over all the goodies from FX. That includes the new season from Archer and the highly anticipated fourth season of Noah Hawley’s Fargo, which was postponed way, way back in April. Check out the full list below, pick up some Halloween candy, and, of course,...
The Swedish company, which operates in 73 markets, is pushing to disrupt the background music segment of the market. The growing segment of music streaming for businesses has taken another step forward. Soundtrack Your Brand, a cloud-based music service that is trying to become the Spotify of the business streaming world, signed a global licensing deal with Universal Music Group to use its catalog of music on the platform. The Stockholm-based company, which says it is the world’s fastest growing B2B music platform, delivers the flexibility of music-streaming technology to brands and businesses. Founded in 2013 with Spotify as a co-founder, Soundtrack Your Brand operates in 73 countries and competes in the background music segment with startups like Rockbot as well as with entrenched player...
Spotify is backing Fortnite developer Epic Games in its new clash with Apple and the tech giant’s App Store, highlighting its own lawsuit over similar issues. After Apple removed Fortnite from the App Store on Wednesday because Epic Games had introduced a way for players to purchase its virtual “V-bucks” currency outside the payment marketplace, Epic Games filed a lawsuit that could have legal ramifications in the music industry. {“nid”:”9416468″,”type”:”post”,”title”:”Sony Takes Minority Stake in Fortnite Maker With $250 Million Investment”,”relative_path”:”\/articles\/business\/9416468\/sony-minority-stake-fortnite-maker-epic-250-million-investment\/”,”media”:{“width”:&...