music industry

Luxury metaverse builders Ethereum Worlds have unveiled the release of their Minimum Viable Product (MVP) for their community-focused Metaverse platform. The MVP represents the first phase of Ethereum Worlds' larger ecosystem and features premium assets, including luxury...

Square Inc’s (NYSE: SQ) purchase of Jay-Z’s Tidal could lead to a boost of the cryptocurrency ecosystem. What Happened: Square CEO Jack Dorsey said Thursday on Twitter that just as the company created ecosystems of tools for sellers and individuals it would do the same for artists....

Goldman Sachs predicts global music revenue will almost double over the next decade, CNBC reported Tuesday. The investment bank says the revenue from global music will cross $142 billion by the end of 2030, as earlier reported by CNBC. The music revenue in 2019 was $77 billion, and Goldman predicts...

Streaming platforms extended their domination of the music market in the United States in 2019, according to data from the Recording Industry Association of America. Physical Sales Near Disappearance The subscription-based streaming services and free streamers that rely on advertisements for...

Tencent Holding/ADR (OTC: TCEHY) is buying a stake in the world's largest music company, the company behind recording artists Ariana Grande and Billie Eilish, among others. The Chinese tech and entertainment conglomerate said it is buying a 10% stake in Universal Music Group from Vivendi SA (...

Between the still-growing music streaming services and the return of vinyl, the compact disc is in danger of disappearing. As the medium becomes more rare, some of those CDs stacked up on your bookshelf could actually be valuable. Most won’t, of course. For financial purposes, most are...

Swedish music streaming company Spotify Technology SA (NYSE: SPOT) stock rebounded on Thursday after a Wednesday sell-off that followed a bigger-than-expected earnings loss and low subscription numbers. Sell-side analysts also weren’t tuning out Spotify’s long-term prospect,...

Irving Azoff is the chairman and CEO of Azoff MSG Entertainment, a music, media and entertainment company that creates new avenues and opportunities for artists. On Monday, Azoff wrote an open letter to Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL)'s YouTube business in response to the streaming...

In a report published Monday, Needham analyst Laura Martin commented on Pandora Media Inc.'s (NYSE: P) Analyst Day that detailed three new strategies that could result in upside valuation if they are well executed. Martin noted that the strategies focus on international expansion, closer...

Spotify is rumored to be developing a new mobile app that will allow non-paying customers to stream music on their smartphones. According to The Wall Street Journal, Spotify wants to release an ad-supported app for mobile users. Unlike the free desktop application that currently exists, users...