2020 saw 100 million new music streaming subscribers

2020 saw 100 million new new music streaming subscribers according to a recent report.

YouTube Music is the fastest-growing streaming platform, according to a report

The recent Midia Research report has revealed that YouTube Music is the fastest growing subscription based streaming platform.

Electronic music business value declines due to the pandemic but a strong recovery could be on the way for late 2021 and 2022.

The electronic music business value dropped by 54% due to the pandemic but there were signs of growth in the recorded music sector.

Deezer becomes the first audio streaming service to join the socially conscious Ad For Good Label

Deezer has joins the socially conscious Ad For Good Label, making it the fist audio streaming service to do so.

Bob Dylan sells complete songwriting catalogue for huge sum

Image Credit: Brett Jordan  In what could be the biggest music publishing deal ever, legendary musician Bob Dylan has sold the rights to all his songs to Universal Music. Apparently worth over $300 million, the sale…

Huge French streaming service Deezer have bought Israeli startup MUGO

Deezer have just acquired a new social app from Israel that they will use to create their very own new show. French music streaming service Deezer recently made an investment deal with Mexican company Grupo…

Tencent have gained 50% more paying users in the last year with 657m total users

Tencent’s latest report shows paying users are growing steadily converting more of their almost 700 million users than last year to pay for music. Chinese music streaming company Tencent Music are behind some of China’s…

Tencent have just made an undisclosed investment in another Chinese music company

Tencent have made a new equity investment in another Chinese music-for-business company with the potential to take a controlling stake.  Tencent Music Entertainement are the Chinese company behind China’s biggest music services QQ Music, Kugou,…

Tencent Music made more than $1 billion from online music last year

The Chinese giant has revealed a phenomenal year of music revenues from 2019 that surpasses a billion dollars. Tencent Music Entertainment is (you guessed it) the music branch of the massive Chinese conglomerate Tencent. With the release…

UK Government slashes business rates for grassroots music venues

The government has announced a serious cut in business rates required by 230 small and medium sized venues. The change will apply to all music venues across the UK with a rateable value below £51,000,…