TME says growth in subscriptions failed to offset a nearly 20% decline in its social entertainment services business.
The songs pulled include "Apna Bana Le" from the hit film "Bhediya," which was the most-streamed track on the service over the past two weeks.
In 2022, a quarter of the 57,000 artists who earned $10,000 or more in royalties from Spotify in 2022 are self-distributed.
With fans able to stream an unlimited amount of music for a fixed price, it behooves artists to pad the length of their latest releases.
As young listeners change "expectations around what is normal to hear," the music business will have to continue to adapt.
Chiang, who joined Pandora in July 2022, fills the role previously held by JR Schumann.
In terms of both dollar and percentage increases, last year’s growth was the lowest since 2016.
Apple TV+'s global music competition series debuts on March 24.
Classic albums like Doggystyle and All Eyez on Me are back following the sale of a stake in Death Row to Larry Jackson's new music company gamma.
Vinyl generated more money than CDs for the first time in over three decades, though overall revenue from physical formats declined.
