Driven by a wave of young superstars, the genre’s growth in streams hasn’t just caught up with the rest of the industry — it has passed it.
A recap of the second of three days of the gathering of industry leaders.
Streaming revenue, given a boost from hits by Miley, SZA and others, boosted recorded music and publishing revenue in a record-setting year.
A recap of the first of three days of the gathering of industry leaders.
With the "right incentive structures," platforms can eliminate "unauthorized, unwanted, and infringing content entirely," says the CEO.
While acknowledging some of the risks, the CEO says AI tools for artists are "great culturally" and could "benefit Spotify" by growing engagement and revenue.
Though revenue was slightly below guidance, the company says it now has 515 million monthly active users.
Nir Zicherman also co-founded Anchor, the podcast platform acquired by Spotify in 2019 that has powered much of the audio giant's podcasting capabilities.
The streamer's CEO is meeting members of Congress this week to push passage of the Open App Markets Act.
As an allegedly AI-generated song racks up millions of listens, UMG warns that industry players need to choose "which side of history" they want to be on.
