Next week’s earnings releases include Spotify (Feb. 6), Reservoir Media (Feb. 7) and Warner Music Group (Feb. 8).
Of the 184 million tracks in Luminate’s database, 43% were streamed fewer than 10 times and 25% weren't streamed at all in 2023.
A Mediaocean report found radio ad spending will fare about the same as last year, while dollars should increase for social media, digital, connected TVs and search.
With consumer sentiment improving and recession risks fading, 2024 is shaping up to be another record-breaker.
CEO Daniel Ek wants Spotify to become "relentlessly resourceful." The company's financial results showed it was becoming less efficient as it led the music industry's renaissance.
Sales and streams of "Rich Men" dropped 83% in 10 weeks after topping the Hot 100. That's a bigger drop than "Anti-Hero" and "Flowers" but smaller than "Try That In a Small Town" and "Like Crazy."
Only 0.5% of the royalty pool will be impacted, however, reflecting the large number of tracks that receive few streams.
The original version of Speak Now lost 60% of its weekly U.S. consumption in the 12 weeks after Swift released her Taylor's Version album of re-recordings.
English-language hits used to dominate. In the current streaming era, they're being replaced by artists performing in local languages.
The artist’s recent NFL moment shows she’s way more than a singer — she’s an economic force.
