
Post Malone Countersues Musician in Dispute Over Credit for Hit, “Circles”.Coronavirus Listener Data: Music Streams & Digital Downloads See Gains as “Escape” Markets Emerge.Music Streaming Subscriptions Forecast to Top 450 Million by the End of 2020 (Report).Spotify’s Self-Service Ad Studio Tool Expands Globally.Apple Music Launches $50 Million Advance Royalty Fund for Independent Labels.By the end of 2019, global music streaming subscriptions grew 32% year-on-year to reach 358 million subscribers. The number of ads created on the platform has almost doubled during the period between the end of 2018 and the end of 2019.Ī new report published by Counterpoint Research suggests that the number of music streaming subscriptions globally will exceed 450 million by the end of 2020, which would be more than a 25% year-on-year increase. Other features like geo-targeting tools and various calls to action will also be included. Counting 22 total markets globally, the service allows advertisers to submit a script and turn it into an audio ad within 48 hours. Spotify’s self-serve ad platform, Ad Studio, launched in 2017, is now available in Australia, Canada, the UK, and the US. Those labels that earn at least $10,000 in quarterly Apple Music earnings will qualify for the royalty advances, and they must have a direct Apple Music distribution deal. We would love to meet you and answer any questions that you may have!Īccording to reports in Rolling Stone and Music Business Worldwide, Apple Music has recently launched a $50 million advance royalty fund for indie labels to ensure that artists are getting paid during the coronavirus pandemic. Please feel free to come by and say hello during our open office hours Monday through Friday from 10 AM to 12 PM PST on Google Hangouts Meet here or at the phone number (US) +1 34.

The more I learn, the more I realize, the less I know.”
