Music Biz Monday // 7.15

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!

AMAZON MUSIC IS THE FASTEST GROWING STREAMING SERVICE – REPORT

Look out Spotify and Apple Music – online retail giant Amazon has the fastest-growing music streaming service, with its Music Unlimited subscriber base growing by 70% year on year.

\\ Read more on Music Business Worldwide //

Spotify Unveils ‘Lite’ Version of App in Markets With Limited Connectivity

Looking to boost accessibility in potentially less-connected corners of the globe, Spotify on Tuesday released Lite, a “small, fast, and simplified” version of its industry leading streaming app.

\\ Read more on Billboard //

HAS SPOTIFY GIVEN UP ON ITS EMERGING ARTIST PROGRAM, RISE?

“Spotify is committed to supporting the careers of artists of every level, including the next generation of global superstars. RISE is a powerful platform and an investment towards the future of emerging artists and the fans who discovered them first.”

So said Troy Carter, then Spotify’s Global Head of Creator Services, in October 2017. Carter was heralding the launch of Spotify’s RISE initiative – a major new platform designed to profile and celebrate the best new artists emerging in the global music business with sustained multimedia support on Spotify’s service.

\\ Read more on Music Business Worldwide //

Big Hit, Netmarble team up on new music-streaming platform

Big Hit Entertainment, the mastermind behind global sensation BTS, and the nation’s No. 1 mobile game developer, Netmarble, have joined hands to launch a brand-new music-streaming platform, multiple sources said Tuesday.

Even though the new platform may not be solely dedicated to BTS, sources say, the septet is highly likely to release some new songs exclusively for the platform.

\\ Read more on KPOP Herald //

Is Traditional Radio About to Crash? Audience Levels In America Have Been Flat for Three Years Straight

2019’s radio listening statistics make this format look deceptively resilient.

According to the Nielsen’s 2019 Audio Today Report, which was recently made available, 272 million Americans listen to traditional radio every week, an increase of 7 million or about 2.5 percent, from 2016’s figures. Sounds like an impressive gain on an equally impressive base of listeners, though total listenership has actually remained stagnant since 2017.

\\ Read more on Digital Music News //