{"id":100853,"date":"2024-09-01T09:00:00","date_gmt":"2024-09-01T08:00:00","guid":{"rendered":"https:\/\/routenote.com\/blog\/?p=100853"},"modified":"2024-08-30T12:14:15","modified_gmt":"2024-08-30T11:14:15","slug":"the-biggest-music-industry-news-august-2024","status":"publish","type":"post","link":"https:\/\/routenote.com\/blog\/the-biggest-music-industry-news-august-2024\/","title":{"rendered":"The biggest music industry news | August 2024"},"content":{"rendered":"\n<p><em>Image credit: <a href=\"https:\/\/unsplash.com\/@soundtrap\">Soundtrap<\/a><\/em><\/p>\n\n\n\n<h2 style=\"user-select: auto;\"><span style=\"color: #3366ff; user-select: auto;\">August spelled success for songwriters and artists alike as revenues grew and new opportunities opened up, but AI presents new threats.<\/span><\/h2>\n\n\n\n<h3>SoundCloud launch an artist merch store<\/h3>\n\n\n\n<p><a href=\"https:\/\/routenote.com\/blog\/what-is-soundcloud\/\">SoundCloud<\/a> have released a new shop that allows artists to promote and sell their merchandise directly through the music platform. <a href=\"https:\/\/routenote.com\/blog\/how-to-maximise-your-earnings-as-an-artist\/\">Merchandise offers huge earning potential for artists<\/a> and can help to back up a modest streaming income.<\/p>\n\n\n\n<p>100% of the profits made through the SoundCloud Store will go to the artist. The platform allows artists to design and sell apparel and accessories with ease. The SoundCloud Store is available to Next Pro artists.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-routenote-blog wp-block-embed-routenote-blog\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"ig4B1P1zwH\"><a href=\"https:\/\/routenote.com\/blog\/soundcloud-launches-a-merch-store-for-artists\/\">SoundCloud launches a merch store for artists<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;SoundCloud launches a merch store for artists&#8221; &#8212; RouteNote Blog\" src=\"https:\/\/routenote.com\/blog\/soundcloud-launches-a-merch-store-for-artists\/embed\/#?secret=ig4B1P1zwH\" data-secret=\"ig4B1P1zwH\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<h3>Music publishing revenues grow profits for songwriters<\/h3>\n\n\n\n<p>MIDiA Research have released their <a href=\"https:\/\/www.midiaresearch.com\/reports\/midia-research-2024-2031-global-music-publishing-forecasts-managed-change\">2024-2031 global music publishing forecast<\/a>. They predict that <a href=\"https:\/\/routenote.com\/blog\/what-is-music-publishing-and-why-should-you-know-about-it\/#:~:text=What%20does%20RouteNote%20Publishing%20do,collect%20YouTube%20Micro%2DSynchronisation%20Royalties!\">music publishing<\/a> revenues will nearly double in 8 years. Basing their data off of 2023, they celebrate an impressive 12% growth in music publishing revenues last year. Music publishing growth surpassed record label trade revenue, which reached 9.1% for the year.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-routenote-blog wp-block-embed-routenote-blog\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"WQZVfZe9MO\"><a href=\"https:\/\/routenote.com\/blog\/artists-rejoice-as-music-publishing-revenues-grow\/\">Artists rejoice as music publishing revenues grow<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Artists rejoice as music publishing revenues grow&#8221; &#8212; RouteNote Blog\" src=\"https:\/\/routenote.com\/blog\/artists-rejoice-as-music-publishing-revenues-grow\/embed\/#?secret=WQZVfZe9MO\" data-secret=\"WQZVfZe9MO\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<h3>PUSH.fm opens up new marketing tool to everyone for free<\/h3>\n\n\n\n<p>Our partners at <a href=\"http:\/\/push.fm\">PUSH.fm<\/a> have long been an incredible source of free marketing tools for creators around the world. Now, they&#8217;ve made their <a href=\"https:\/\/support.push.fm\/kb\/how-to-run-a-competition\/\">Competitions<\/a> feature free for all users. <\/p>\n\n\n\n<p>This tool allows users to set up a contest in which fans need to complete an action to take part and win a chosen prize. Encourage fans to follow your socials or save your new tracks and entice them with something unique. <\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-routenote-blog wp-block-embed-routenote-blog\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"LNpbr29nRU\"><a href=\"https:\/\/routenote.com\/blog\/push-fm-competitions-and-email-access\/\">PUSH.fm update &#8211; Competitions and email access are available to all users!<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;PUSH.fm update &#8211; Competitions and email access are available to all users!&#8221; &#8212; RouteNote Blog\" src=\"https:\/\/routenote.com\/blog\/push-fm-competitions-and-email-access\/embed\/#?secret=LNpbr29nRU\" data-secret=\"LNpbr29nRU\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<h3>Spotify&#8217;s still number 1, but other platforms are on the rise<\/h3>\n\n\n\n<p><a href=\"https:\/\/routenote.com\/spotify#:~:text=You%20can%20distribute%20unlimited%20music,listeners%20all%20around%20the%20world.\">Spotify<\/a> has long ruled the music streaming game and whilst they remain at the top, other platforms are finding success. In August, Kantar revealed that <a href=\"https:\/\/routenote.com\/blog\/free-youtube-music-distribution-2\/\">YouTube Music<\/a> is now <a href=\"https:\/\/routenote.com\/blog\/youtube-musics-now-the-fastest-growing-music-platform\/\">the music streaming service being adopted the quickest<\/a>, outpacing Spotify in growth percentages. <\/p>\n\n\n\n<p>Over in China, their 3 leading streaming services <a href=\"https:\/\/routenote.com\/blog\/how-to-get-my-music-on-tencent\/\">KuGou, Kuwo, and QQ Music<\/a> are also matching Spotify&#8217;s subscriber growth in raw units. The 3 Chinese streamers&#8217;  parent <a href=\"https:\/\/routenote.com\/blog\/tencent-music-outpaces-spotify-in-subscriber-growth\/\">Tencent matched Spotify&#8217;s growth of 10 million net paying subscribers in the first half of 2024<\/a>.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-routenote-blog wp-block-embed-routenote-blog\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"O7bsjUwyHa\"><a href=\"https:\/\/routenote.com\/blog\/youtube-musics-now-the-fastest-growing-music-platform\/\">YouTube Music&#8217;s now the fastest growing music platform<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;YouTube Music&#8217;s now the fastest growing music platform&#8221; &#8212; RouteNote Blog\" src=\"https:\/\/routenote.com\/blog\/youtube-musics-now-the-fastest-growing-music-platform\/embed\/#?secret=O7bsjUwyHa\" data-secret=\"O7bsjUwyHa\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-routenote-blog wp-block-embed-routenote-blog\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"urtEkxhN7D\"><a href=\"https:\/\/routenote.com\/blog\/tencent-music-outpaces-spotify-in-subscriber-growth\/\">Tencent Music outpaces Spotify in subscriber growth<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Tencent Music outpaces Spotify in subscriber growth&#8221; &#8212; RouteNote Blog\" src=\"https:\/\/routenote.com\/blog\/tencent-music-outpaces-spotify-in-subscriber-growth\/embed\/#?secret=urtEkxhN7D\" data-secret=\"urtEkxhN7D\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<h3>Roblox and DistroKid team up, but artists&#8217; receive nothing for their music<\/h3>\n\n\n\n<p>Independent music distributor <a href=\"https:\/\/routenote.com\/blog\/distrokid-vs-routenote-comparison\/\">DistroKid<\/a> has teamed up with the huge gaming platform Roblox. What initially seems like a great opportunity for independent artists is sadly dampened by the fact that artists won&#8217;t earn anything from their music being used.<\/p>\n\n\n\n<p>DistroKid reveals: &#8220;Music on Roblox is currently not monetized; you are granting rights for Roblox developers to use your music on a gratis basis.&#8221; So, Roblox gets to use artists content, but artists don&#8217;t get remunerated for it.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-routenote-blog wp-block-embed-routenote-blog\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"kCvkGsSdba\"><a href=\"https:\/\/routenote.com\/blog\/roblox-sign-deal-with-distrokid-indie-artists-to-be-unpaid\/\">Roblox sign deal with DistroKid, indie artists to be unpaid<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Roblox sign deal with DistroKid, indie artists to be unpaid&#8221; &#8212; RouteNote Blog\" src=\"https:\/\/routenote.com\/blog\/roblox-sign-deal-with-distrokid-indie-artists-to-be-unpaid\/embed\/#?secret=kCvkGsSdba\" data-secret=\"kCvkGsSdba\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<h3>Live-music sharing may be coming to Instagram<\/h3>\n\n\n\n<p>Remember the good old days of MSN? For those who do, you likely remember the feature that showed what you were listening to in the moment. It was very important for your personality.<\/p>\n\n\n\n<p>Now, <a href=\"https:\/\/routenote.com\/blog\/instagram-spotify-music-sharing-feature\/\">Instagram look to be testing a similar feature in collaboration with Spotify<\/a>. The feature is not yet public but was uncovered by a well-known developer. It would allow users to share what they&#8217;re listening to on Spotify as they stream on their <a href=\"https:\/\/routenote.com\/blog\/how-to-upload-music-to-instagram\/\">Instagram<\/a> profile.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-routenote-blog wp-block-embed-routenote-blog\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"lvOjGIixLJ\"><a href=\"https:\/\/routenote.com\/blog\/instagram-spotify-music-sharing-feature\/\">Meta spotted testing social music-sharing feature on Instagram<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Meta spotted testing social music-sharing feature on Instagram&#8221; &#8212; RouteNote Blog\" src=\"https:\/\/routenote.com\/blog\/instagram-spotify-music-sharing-feature\/embed\/#?secret=lvOjGIixLJ\" data-secret=\"lvOjGIixLJ\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<h3>TIDAL provide songwriters with a new royalty managing tool<\/h3>\n\n\n\n<p><a href=\"https:\/\/routenote.com\/blog\/how-to-upload-music-to-tidal\/\">TIDAL<\/a> are making catalogue management easier for artists on their platform. Songwriters and artists can now view their catalogues from <a href=\"https:\/\/routenote.com\/blog\/tidal-launches-new-royalty-managing-tool-for-songwriters\/\">TIDAL&#8217;s Artist Home<\/a>. From this new hub songwriters can easily view, claim, and organise their works. This ensures songwriter credits are correct and that they&#8217;re receiving their correctly due revenues. <\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-routenote-blog wp-block-embed-routenote-blog\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"GfXJHvq6TN\"><a href=\"https:\/\/routenote.com\/blog\/tidal-launches-new-royalty-managing-tool-for-songwriters\/\">TIDAL launches new royalty managing tool for songwriters<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;TIDAL launches new royalty managing tool for songwriters&#8221; &#8212; RouteNote Blog\" src=\"https:\/\/routenote.com\/blog\/tidal-launches-new-royalty-managing-tool-for-songwriters\/embed\/#?secret=GfXJHvq6TN\" data-secret=\"GfXJHvq6TN\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<h3>How are Gen Z listening to music?<\/h3>\n\n\n\n<p>The youngest adult generation are defined by their connection to technology. Gen Z, which has grown up with the internet, of course consume the majority of their music via streaming. 37% of the time Gen Z spend listening to audio is on music streaming services.<\/p>\n\n\n\n<p>What may surprise you, is that they still spend a lot of time listening to traditional AM\/FM radio. 20% of Gen Z&#8217;s audio listening time is spent listening to AM\/FM radio.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-routenote-blog wp-block-embed-routenote-blog\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"W419c21SD2\"><a href=\"https:\/\/routenote.com\/blog\/how-do-gen-z-listen-to-music-surprising-results\/\">How do Gen Z listen to music? (Surprising results)<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;How do Gen Z listen to music? (Surprising results)&#8221; &#8212; RouteNote Blog\" src=\"https:\/\/routenote.com\/blog\/how-do-gen-z-listen-to-music-surprising-results\/embed\/#?secret=W419c21SD2\" data-secret=\"W419c21SD2\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<h3>The 1st fully AI streaming service is here<\/h3>\n\n\n\n<p>China is the first country to have a music streaming platform solely featuring AI-generated tracks. The music is created to the users&#8217; needs in the moment, based on mood and themes. It presents a potential threat to the music industry, taking away from the livelihood of real artists.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-routenote-blog wp-block-embed-routenote-blog\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"guEFJ8uQNL\"><a href=\"https:\/\/routenote.com\/blog\/the-1st-fully-ai-music-streaming-service-spells-trouble\/\">The 1st fully AI music streaming service spells trouble<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;The 1st fully AI music streaming service spells trouble&#8221; &#8212; RouteNote Blog\" src=\"https:\/\/routenote.com\/blog\/the-1st-fully-ai-music-streaming-service-spells-trouble\/embed\/#?secret=guEFJ8uQNL\" data-secret=\"guEFJ8uQNL\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p class=\"has-text-align-center\"><strong><a href=\"http:\/\/www.routenote.com\/blog\">Keep up to date with all the goings on in the music industry and the best advice for artists on the RouteNote Blog, updated daily.<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>August spelled success for songwriters and artists alike as revenues grew and new opportunities opened up, but AI presents new threats.<\/p>\n","protected":false},"author":12,"featured_media":100876,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[6202,7868,6207,8685,8686,3858,11008,9387,2133,825,10200,5473],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.4.1 - 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