Music Biz Monday // 4.1

Every Monday, we’re sharing the latest news and information for the music industry and technology worldwide.

Get your learn on and stay in the know with Symphonic’s Music Biz Monday!

SPOTIFY BUYS TRUE CRIME PODCAST COMPANY PARCAST

Spotify’s Chief Content Officer Dawn Ostroff has reiterated the company’s ambition “of becoming the world’s leading audio platform” as it announces the acquisition of its third podcasting company this year.

The Swedish music streaming firm’s latest acquisition is Podcast studio Parcast, which specializes in mystery, crime, science fiction, and history content.

\\ Read more on Music Business Worldwide //

SoundCloud’s Aggressive Playlisting Strategy Is Moving Forward — More Community, More Music

Will SoundCloud’s new playlists successfully rival those on Spotify and Apple Music?

SoundCloud has introduced a new feature.

In response to the growing popularity of Apple Music and Spotify’s playlists, SoundCloud has started testing hand-curated playlists.

\\ Read more on Digital Music News //

AIM’S GEE DAVY ON THE FUTURE OF GENERATIVE ARTIFICIAL INTELLIGENCE IN MUSIC

The following blog comes from Gee Davy (pictured), Head of Legal & Business Affairs at The Association of Independent Music (AIM).

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To Combat Family Plan Subscriptions, Spotify Starts Testing ‘Premium Duo’

Will Premium Duo convince Spotify users to move away from heavily discounted family plans? Probably not, but it’s a start.

Spotify Premium for Family hasn’t proven too fruitful for the company. Not for its bottom line, at least.

In the company’s Q4 2018 financial report, average revenue per user (ARPU) fell 7%. This marks the third consecutive quarter that ARPU has fallen, thanks in large part to discounted Premium for Family and Student plan subscriptions.

\\ Read more on Digital Music News //

Dubset Media Quietly Inks a One-Year Pact With 7Digital

7digital has signed with Dubset Media for a one-year partnership.

As part of the deal, 7digital will provide access to its platform to assist Dubset Media to enhance its proprietary ‘Mixscan’ recognition technology.

The terms of the deal are confidential, though 7digital says the agreement will contribute to its monthly recurring revenue in 2019. 7digital will also receive a significant setup fee, according to the company.

\\ Read more on Digital Music News //