Although recent reports indicate declining subscription growth, insiders expect it to grow at a healthy pace in the long term via price hikes and increased penetration rates in emerging markets.
The French music streaming service paid out an average of $0.018732 per stream in the year ended March 31, 2024.
Streaming has helped the music industry generate more money than at any point since 1999, but hit songs used to drive album sales.
Analyzing global royalty and streaming data, the financing company says Amazon Music paid the most at $8.80 per 1,000 streams.
A federal judge rejects the band's demand to void its decades-old contracts with the music giant, a central accusation in the blockbuster lawsuit.
The partnership is set to kick off this quarter.
Multiple labels and distributors say they're owed money by the streaming service.
Reps for two of the nominees say they're protesting the service's treatment of songwriters.
Another year, another failed public performance rights bill. Will the U.S. remain a global outlier forever?
Responding to the band's bombshell lawsuit for the first time, UMG says it didn't hide anything and that Durst's case is "based on a fallacy."
