News Archives

News

US music revenues continue to grow in 2017

24/03/2018

Revenues from recorded music in the United States increased 16.5% to $8.7 bn in 2017 continuing the growth from the previous year according to the yearly report from the RIAA (Recording Industry Association of America), the trade association that supports and promotes the major music companies. As in 2016 these increases came primarily from growth in paid music subscriptions to services like Spotify, Amazon, Tidal, AppleMusic, Pandora and others, which grew by more than 50%. […]

Deezer launches Unlimited Music for Xbox One

24/03/2018

Deezer has launched a new app on Xbox One and the recently launched Xbox One X to allow gamers to listen to music when games are either on or off. According to market researchers, Nielsen, gamers now spend a little over 7 hours per week playing video games (Nielsen Games 360 U.S. Report 2017) and music fans on average spend 32 hours per week listening to music (Nielsen Music 360 2017 U.S. Report) Xbox One […]

News

Spotify launches in Israel, Romania, South Africa and Vietnam

23/03/2018

Spotify has launched its streaming service (13th March 2018) in Israel, Romania, South Africa and Vietnam. Users will have access to both Spotify’s free ad-supported and paid-for subscription services. Cecilia Qvist, Global Head of Markets at Spotify, says: ‘We’re really excited to bring Spotify to Israel, Romania, South Africa and Vietnam, connecting their rich music cultures with millions of artists and users across the world.’ The company recently filed papers for a direct listing with […]

News

Streaming continues to grow in Germany

11/03/2018

Germany’s Music Industry Association (BVMI) has released figures showing that sales figures for Germany’s music industry in 2017 have come in at nearly the same level as in 2016. Streaming continues its robust growth with physical recordings significantly less in demand. Revenue from the sale of CDs, records, DVDs and downloads as well as from streaming services totalled €1.588 billion in 2017 which marks only a slight decline of 0.3% compared to the previous year. […]

Over half UK music is now streamed

04/03/2018

BPI, the trade body representing the UK’s recorded music industry, has published data for 2017 that reveal a strong year for British recorded music with UK consumption across all formats growing at its fastest rate this millennium. A total of 135.1 million albums or their equivalent were either streamed, purchased on physical format and/or downloaded in 2017 – a 9.5% rise on 2016. The year’s strong growth was driven by 68.1 billion audio streams served through […]

News

Spotify takes the first step to going public

02/03/2018

Spotify, the world’s biggest streaming company filed papers for a direct listing with the New York Stock Exchange on the 28th March 2018. The Swedish firm declared that its 2017 revenue stood at €4.09bn compared with €2.95 billion a year earlier. Despite having twice as many subscribers as Apple Music, its nearest rival, the service continues to make a loss which widened to €378m in 2017 from €394m a year earlier. Financial experts estimate the value of the […]

News

Qobuz to launch HiRes streaming service in USA

11/02/2018

Qobuz has announced that it will be bringing its online music streaming and downloading service to the USA beginning in mid-2018. The Qobuz music catalogue containing 40-million tracks in at least 44.1kHz/16bit (CD quality) FLAC format will be made available for streaming with one million of them (equivalent to 80,000 albums) available in true HiRes 192kHz/24bit. Several formats are available for downloads (FLAC, ALAC, AIFF, WMA, WAV) and the entire catalogue is available for either […]