Analysis News Tencent Music is using AI to create viral content… and three other things we learned on the company’s Q3 earnings call The music streaming operator is working to differentiate its services amid a long-running slump in monthly active users
News Africa-focused streaming service Mdundo hits 37.8m monthly active users, as paid subscription revenue jumps 112% in local currency terms The company reported a revenue decline in fiscal 2023/24, amid weakness in African currencies
News NetEase Cloud Music profit soars as revenue from streaming subscriptions jumps 25.5% YoY China's second-largest music streaming company more than doubled its net profit year on year
News YouTube Music emerges as ‘most adopted music streaming service’ in Q2: Kantar Subscriber loyalty hasn't been impacted by recent price hikes, Kantar's research has found
News Saudi Arabian media giant MBC quietly bought a 14% stake in Anghami Anghami's stock price soared 59% in one day, after news of the acquisition went public
Analysis News Record companies are better placed than streaming platforms to monetize superfans… and 3 other things Robert Kyncl said in his new Q&A Warner Music Group’s CEO has some “radical” ideas on how to change how streaming services pay music rights holders
News TIDAL streamlines offerings, merging HiFi and HiFi Plus into single $10.99-a-month tier Previously, TIDAL's HiFi Plus tier, which includes spatial audio capabilities, cost $19.99 a month
News NetEase Cloud Music reports first-ever full-year net profit as paid music subscribers jump 15.3% to 44.1m Revenues from music services umped 17.6% year-over-year in 2023, the company said in its latest earnings report
Analysis News 158 million tracks had 1,000 plays or fewer on music streaming services last year. 45 million had no plays at all. The number of tracks with no plays on audio streaming platforms jumped by 7.7 million over the past year, according to a new Luminate report
News Anghami’s subscriber base grows 17% in Q3 2023, to 1.73M The Middle East and North Africa-focused music streaming service has seen ad revenue soar by 28%.
Analysis News The number of Latin music listeners on Spotify worldwide soared 986% from 2014 to 2023 Spotify reports steady double-digit growth in demand for Latin music over the past decade
News Tuned Global partners with newly launched Web3 music streaming platform Sona Tuned Global will provide recently-launched streaming startup Sona with content delivery tools and reporting services.
Analysis News Tencent Music Entertainment reached 99.4m paying subscribers in Q2, as music revenues jumped 47.6% Tencent Music Entertainment, China’s largest operator of music streaming services, has published its Q2 results
Analysis News User-centric: New study of 50k indie SoundCloud artists shows 1 in 5 could double income under streaming model Study also shows that 38.8% of artists would see a decrease in income of 40% or more under user-centric
Analysis TikTok Music is live in Brazil and Indonesia. What might this mean for Spotify? MBW Explains is a series of analytical features in which we explore the context behind major music industry talking points – and suggest what might happen next.