A report has shown that online streaming accounted for just over 80% of the UK's music consumption last year.
Coming days after stocks in Spotify hit a new all-time high on the New York Stock Exchange, official figures released by record labels’ association the BPI, revealed that streaming now accounts for four-fifths (80.6%) of the UK's music consumption. The figures are based on Official Charts Company data.
Chic guitarist Nile Rodgers argued that major labels are to blame for low artist income from streaming platforms, appearing before MPs yesterday as part of an inquiry into the financial impact of services like Spotify and Apple Music.
82% of musicians earned less than £200 from streaming in 2019, according to a new poll by the UK’s independent body for music creators, The Ivors Academy and the Musicians’ Union.
SoundCloud has reported its first ever profitable quarter.
In January this year, streaming giant SoundCloud reported that in 2019 it had turned over more than $200m for the first time. Now, it has announced the first-ever profitable quarter for the site, with a 37% increase year-on-year in 2019.
Music managers have called for urgent changes to streaming and financial imbalances in a four-step plan.
Auntie Flo is launching a 24-hour radio station named Ambient Flo, aimed at improving sleep, focus and relaxation.
The Scottish DJ, real name Brian D'Souza, recently trained in sound therapy and is hoping to transmit the knowledge he's gained onto his listeners.
Each month, over 300 tracks will be chosen from the realms of ambient, fourth world and transcendental music, hand-selected by Flo in a bid to stand against streaming algorithms.
A new campaign titled Justice at Spotify has been launched, demanding increased royalties and transparency from the streaming platform.
The United Musicians and Allied Workers Union (UMAW) have launched a new campaign, demanding that Spotify raise its streaming average for artist payments, as well as making other changes to the streaming platform’s business model.
MPs in the British parliament are to examine the economic impact music streaming is having on “artists, record labels and the sustainability of the wider music industry.” Through a new enquiry entitled Economics of Music Streaming, parliament will investigate a number of core aspects of streaming, including what the business models of the streaming companies, how algorithms and playlists have shaped music consumption and what the long term economic impacts of streaming might be on the wider industry.
The majority of streaming listeners want musicians to be paid more by their respective platforms, a survey says.
In a recent survey conducted by YouGov for #BrokenRecord, a campaign calling for changes to music streaming to benefit artists and songwriters, 2,069 British adults were asked about streaming services.