The app’s share of time spent on social platforms declined last year as YouTube Shorts and others ascended. Are the days of its supremacy as a promotional vehicle over?
The new virtual reality experience boasts a huge library of popular songs, and “otherworldly landscapes” in which to sing them.
The platform released its second Music Impact Report to demonstrate its "added value to artists and the music industry."
Pink Sweat$, Chief Keef, Lil Tjay, Ye and more rely on the platform. "People build loyalty to something that fundamentally just works," says co-founder Greg Hirschhorn.
German PRO GEMA filed a lawsuit against generative AI company Suno in Munich that could be stronger than the RIAA case in the U.S. — and just as important.
HYBE’s social/commerce platform also saw a 13% increase in physical and digital merchandise transactions in 2024.
"We're ready to advance our mission of making music innovation accessible to all, and we're eager to explore new possibilities with a focus on practical applications,” says Geraldo Ramos.
RedNote and Lemon8 are now the most popular free downloads in the App Store. Both are also owned by Chinese companies.
Spence, who has been CEO since 2017, will remain a strategic advisor to interim CEO Tom Conrad until June 30.
TikTok has "primed users to make transactions quickly" and some labels have taken advantage, selling thousands of dollars worth of LPs.
