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.
The popular app's future is uncertain. "Where is new artist discovery happening in 2025 if this app completely disappears?" one marketer asks.
The platform is pointing the way forward for monetizing artists’ fan bases on social media, but there are questions about its fairness.
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IBM Chairman and CEO Arvind Krishna will appear as Keynote Speaker, alongside appearances from Rohit Bhargava, Dr. Katharine Hayhoe, Candace Parker, and more.
