News Archives

Infinite Reality buys Napster for $207 million

26/03/2025

Infinite Reality buys Napster for $207 million and has plans to expand and reimagine the streaming service into a ‘social music platform’. Napster currently delivers over 110 million tracks and has paid over $1 Bn to artists and songwriters worldwide. Infinite Reality plans to transform Napster beyond streaming into a social and interactive music platform, leveraging its immersive technology and audience network of digitally native fans. This includes the millions engaged with iR’s entertainment assets, […]

Apple Music Classical now on the web

26/03/2025

Apple Music Classical now has a web application but there is still no dedicated Mac desktop app. Originally launched for iPhone users in March 2023, Apple launched an Android app in June 2023, an iPad app in November 2023 and a year later a CarPlay app in November 2024. Anjali Malhotra, Global Director of Apple Music Classical said, “Apple Music Classical continues to innovate and expand on its mission to bring great musicians and their […]

Paid streaming in US hit 100 million subscriptions in 2024

22/03/2025

Paid streaming in US hit 100 million subscriptions in 2024 with total revenue up 3% to $17.7 Bn according to figures released by the RIAA. The continued overall growth was amplified as vinyl continued a nearly 20-year surge. Paid subscriptions continue to drive streaming growth Streaming continued to account for the vast majority of recorded music revenues in 2024. Paid subscriptions, ad-supported services, digital and customized radio, social media platforms, digital fitness apps and others grew […]

Global recorded music revenues grew 4.8% in 2024

19/03/2025

Global recorded music revenues grew 4.8% in 2024 driven largely by growth in paid subscription streaming according to IFPI, the organisation that represents the recorded music industry worldwide. Figures released recently in IFPI’s Global Music Report show total revenues for 2024 were US$29.6 Bn. Subscription streaming was the key driver of growth, with an increase of 9.5% whilst users of subscription accounts grew 10.6% to 752 million globally. Recorded music revenue formats Streaming revenues exceeded US$20 Bn for the […]

Streaming in Italy grew by 13.5% in 2024

19/03/2025

Streaming in Italy grew by 13.5% in 2024 according to recent figures published by FIMI, the Italian recorded music industry association. For the seventh consecutive year of growth, the Italian recorded music market had an overall increase of 8.5% in 2024, reaching almost half a billion euros (461.2 million) and is now the third-largest market in the EU after Germany and France. Streaming now represents 67% of total revenues with an increase of 13.5% amounting to €308.1 million. 2024 saw 95 […]

UK recorded music market hits £1.49 Bn in 2024

13/03/2025

UK recorded music market hits £1.49 Bn in 2024 achieving a decade of continuous growth according to figures released by the BPI. This latest increase means that over the last ten years the market has grown by more than 80% to a new high. However, once adjusted for inflation, annual revenue is still hundreds of millions of pounds lower than it was in 2006, the first year public performance and sync were included in the calculations. […]

Dutch music industry grew 12% in 2024

07/03/2025

Dutch music industry grew 12% in 2024 with streaming being the main source of income according to NVPI Audio, the Dutch music industry association. In 2024, the total turnover of the Dutch music industry amounted to €334 million, an increase of 12% compared to 2023. Streaming music remains the most important source of income for the Dutch industry with turnover increasing by 16% to €278 million. Sales of CDs and vinyl fell by 6% with vinyl […]