Daily News & Analysis Feeds - 2021
Here you’ll find the latest announcements on Association events and partnerships, the latest from within our member community, and expert reporting from around the global music business. If you’d like to receive updates like these sent directly to your inbox, sign up for our RSS feed emails today!
February 25, 2021 – How the Pandemic has Accelerated Demand for Premium Audio Products
Over recent years, the audio market has witnessed a progressive shift to more premium products. Case in point with headphones and models such as the Apple AirPods Pro, along with the Sony WH-1000XM series, which have helped democratizing higher audio quality to the mass-market. This trend, which can be seen across most audio product categories,… Read More
February 24, 2021 – Music Biz Member Pex Secures $57 Million Investment Round
Music Biz member Pex announced this month that it has secured $57 million in investments, which it plans to use to scale up its Attribution Engine (AE) technology. Pex hails AE’s ability to analyze over 10,000 hours of content per minute to find all available audio & video copyright uses, attribute the copyrights to every… Read More
February 24, 2021 – Music Biz Member Vevo Launches Moods AI Tool for Emotion-Based Ad Targeting
This month, Vevo has launched Moods, an AI-based tool that identifies and groups Vevo music videos by the mood they convey (i.e., fun, heartfelt, impassioned, empowering, etc.) in order to create more favorable brand-interaction experiences for consumers as they watch Vevo content. The company worked with music data company Musixmatch to build a proprietary model… Read More
February 24, 2021 – Snapchat Surprises and Alternative Social Media Platforms Challenging the Giants
In a new podcast, eMarketer Principal Analyst at Insider Intelligence Debra Aho Williamson discusses Snapchat’s latest earnings, what stands out, and how this year will look. She then talks about which alternative social media platforms are most likely to rival the giants in the near future and why. Listen in to this episode by clicking… Read More
February 23, 2021 – Music Biz Member Spotify Announces HiFi Tier, New Tools for Creators, and Global Expansion Plans
During their “Stream On” event this past Monday, Spotify announced a slew of new products and services marking significant steps to expand their platform in 2021 and beyond. This include a new HiFi high-resolution music streaming subscription tier set to launch some time this year, as well as new exclusive podcast content. Spotify also announced… Read More
February 23, 2021 – Seven in 10 Americans Say They Have Been Spending More Time Online This Year Than Ever Before
A new Google/Ipsos poll finds that 70% of Americans agree that they have been spending more time online this year than ever before. A majority also admit that they are more concerned now about their online safety, being hacked, and their privacy online than ever. When it comes to the security of their online accounts,… Read More
February 22, 2021 – NEW MEMBER PROFILE: Feed Media Group
Please join us in welcoming Feed Media Group to the Music Biz member community! The company is dedicated to innovation in music licensing and distribution with one goal in mind: help businesses of all shapes and sizes create amazing user experiences with music. Feed works with the industry to experiment with new solutions that both… Read More
February 22, 2021 – The NPD Group: Fourth Quarter 2020 U.S. Consumer Spending on Video Game Products Increased 26% While Annual Spend Gained 27% Compared to 2019
According to the Q4 2020 Games Market Dynamics: U.S. report from The NPD Group, overall total consumer spending on video gaming in the U.S. continued to break records, reaching $18.6 billion in the fourth quarter (Q4) of 2020 (October – December), an increase of 26% compared to Q4 2019. Full-year U.S. games industry consumer spend across all… Read More
February 18, 2021 – Every Dollar Earned by Music Biz Generates Another 50 Cents for US Economy: Study
The U.S. music industry’s total impact on the country’s economy grew to $170 billion in 2018, generating an additional 50 cents of revenue on every dollar earned for adjacent industries such as tourism, hospitality and marketing, according to the RIAA’s new economic impact report. Music industry revenues in 2018 were $113 billion — of which employee… Read More
February 17, 2021 – Music Biz Members UMG and TikTok Enter New Licensing & Artist Support Agreement
Universal Music Group and TikTok have announced a new partnership, including a renewed music licensing agreement, that will also allow the companies to collaborate on new initiatives involving digital marketing, A&R, user data and more. Under the terms, TikTok will compensate artists and songwriters from UMG and Universal Music Publishing Group when their music is… Read More
