SoundCloud have announced that in 2019, they turned over more than $200m for the first time.
This means that the platform have beaten their own targets for financial growth.
The streaming platform have also revealed that around 20m tracks were added to the site in 2018 - that works out at a whopping 55,000 tracks per day, a total of around 190m unique tracks existing on the site by January of last year.
2019 was a landmark year for SoundCloud, hitting some dignificant milestones having only monetised the platform back in 2016.
Streaming accounted for 80% of recording revenues in the U.S. in 2019, the Recording Industry Association of America (RIAA) reports.
In a Tweet posted by the RIAA at the end of 2019, the assocation shared a detailed breakdown of the recording revenues at the start of the decade, and comparing them to figures collected at the end of last year.
Spotify has suspended all politic advertisements for service users, Adage reports.
Announcing the changes a week ago, the streaming giant shared that they do not have the ability to "validate and review" political advertising, and so will suspend the ads across the service's 141 million free users who currently hear advertising.
Denon DJ have announced a new firmware update for their Prime range. The update includes adding both WiFi and wired internet to their Prime 4 controller and media player, enabling it to stream directly from TiDAL. The release of the firmware comes off the back of Denon DJ's announcement earlier this year that their hardware would soon support streaming from various sources. Beatport have already been announced as a streaming source, with their LINK platform.
Spotify is advertising its 320 kbps bitrate as "high-quality sound" to Premium subscribers.
The streaming giant, who recently revealed their paid subscribers had reached 113 million, has advertised the 320 kbps bitrate, offered to paid Premium users, as high-quality. In contrast, Amazon Music HD's streaming service offers 850 kbps bitrate - double the quality in sound offered by Spotify.
On-demand streaming has surpassed 1 trillion in the US for the first time.
During November, Nielsen Music reported that combined audio and visual streaming had surpassed 1 trillion for the first time ever in a calendar year. In the same period in 2018, week commencing the 21st November, there were 765.2 billion audio and video on-demand streams.
The entire number of streams reported in 2018 was 901 billion, which shows 31% growth year-over-year through to 2019.
Spotify have shared a letter with their shareholders containing recent user data, revealing that their paid subscribers have reached 113 million.
There are a whopping 248 million active monthly users of the streaming service, and these third quarter statistics regarding the paid subscribers have exceeded Spotify's own predictions. In the letter, Spotify wrote:
"Net subscriber growth exceeded our expectations and was led by strong performance in both Family Plan and Student Plan. All other product offerings were mostly in line with expectations.
Have you ever wondered exactly how many times you would need to stream somebody's music on a platform like Spotify in order for them to be able to afford some everyday purchases?
One studious internet user did have that thought recently and has crunched some numbers based on exactly how much money people earn from their music being listened to through the streaming platform.