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 daily news feed email today!
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
February 17, 2021 – The Sober Rebranding of Rock ‘N’ Roll
Throughout modern music, the mantra “sex, drugs and rock ’n’ roll” has been both a catalyzer and a destructor. The cautionary tale practically writes itself: Artist finds purpose in music, sees commercial success, indulges in every substance known to man, falls, bottoms out, loses a career, climbs back out of the darkness through sobriety. That’s… Read More
February 16, 2021 – (More) Digital Trends for 2021: Subscriptions Will Grow in Importance
This is the third in eMarketer’s series of additional transformative developments that should be on your radar in 2021: It looks likely that apps and other service providers will pursue more varied monetization strategies this year. Traditionally, apps mostly pursued two strategies: in-app purchases and in-app advertising. Over the past couple of years, many developers… Read More
February 11, 2021 – New MTSU Program Supports Students of Color Seeking Country Music Careers
Music Biz Academic Partner Middle Tennessee State University (MTSU) has announced the launch of its new “Bridges to Nashville: Exciting Career Opportunities in Country Music” initiative. This five-month pilot program was designed to educate college students of color nationwide about opportunities available to them in the Country music industry. The first Bridges to Nashville session,… Read More
February 11, 2021 – How Covid-19 Is Driving Business Technology Spend In 2021
The survey of U.K. business leaders found that 70% of companies expect their IT spend to grow this year, with 69% planning to launch new digital projects, tools, or initiatives, and 65% intending to invest in a new field of technology, including artificial intelligence (AI), the Internet of Things (IoT), big data, and cybersecurity. Cloud… Read More
