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Spotify subscribers hit 130 million in Q1 2020

Spotify subscribers hit 130 million, a 31% increase year on year, according to its recently released Q1 2020 financial results. Monthly Active Users (MAU) increased 31% to 286 million. But despite a 22% increase in revenue of €1,848 million in the quarter, Spotify reported an operating loss of €17 million. The streamer reported that it now has over 1 million titles on its platform and highlighted the acquisition of Bill Simmons’ The Ringer sports and […]

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MOOV launches Hong Kong’s first HiRes streaming service

MOOV launches Hong Kong’s first HiRes streaming service with a 24-bit FLAC mobile app offering studio master quality content. With the introduction of 24-bit music service, MOOV will have the largest 24-bit FLAC lossless Canto-pop library for streaming. With more than 20,000 tracks in its catalogue, MOOV is the best music streaming service for Hong Kong music lovers. The 24-bit music library includes the latest hits from Hong Kong and other regions, bringing together classical […]

8tracks comes back from the dead
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8tracks comes back from the dead

8tracks comes back from the dead after having closed its doors at the end of 2019. Launched on 8th August 2008 the streamer initially offered a globally available streaming service which in 2016 was restricted to the US and Canada due to licensing concerns. The streaming service has resumed in the US with a resumption of service in Canada within days. The 8tracks platform and brand are now owned and operated by BackBeat Inc., a […]

Samsung brings Apple Music to its Smart TVs
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Samsung brings Apple Music to its Smart TVs

Samsung brings Apple Music to its Smart TVs giving access to over 60 million songs ad-free, thousands of curated playlists, music videos and live radio. Samsung Electronics is the first TV brand to integrate Apple Music on its Smart TV platform. The service is available in over 100 countries on models made in 2018 or later. Apple Music subscribers can also get customized daily recommendations and tune in to the innovative Beats 1 radio station, […]

Spotify launches new Podcast playlists
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Spotify launches new Podcast playlists

Spotify launches new Podcast playlists which are available in the UK, US, Germany, Sweden, Mexico and Brazil. The streamer is launching dozens of playlists all intended to help users find their next favourite show or episode. The full mix of playlists will look a little different in every country but over time Spotify has promised to update existing playlists and add new ones. As part of the launch, Spotify is introducing three flagship playlists: Best […]

Australian music industry grew 5.5% in 2019
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Australian music industry grew 5.5% in 2019

The Australian music industry grew 5.5% in 2019 and is the fifth straight year of growth according to figures released by ARIA, the Australian recorded music industry association. The industry generated over AUS $555 million in revenue (wholesale figures) and reflects the strength of the music industry before the COVID-19 crisis. 2019’s results stand in stark contrast to how the last decade began, when the Australian recorded music industry revenue was in decline whilst fighting […]

Sonos launches streaming radio service
Radio

Sonos launches streaming radio service

Sonos launches streaming radio service containing curated genre-based stations, and more than 60,000 local radio stations now available to Sonos users for free. Sonos Radio is a free, ad-supported streaming radio experience complementing the 100+ streaming options available on Sonos. Research from Sonos suggests that nearly half of all listening time on their smart speakers is on customers’ favourite stations and DJs. Sonos Radio integrates multiple internet radio services, including TuneIn and iHeartRadio, with more […]