Which music streaming service has the largest user base in India

The music streaming service with the largest user base in India is Gaana, which boasts approximately 185 million monthly active users. Following closely is JioSaavn, which has over 200 million subscribers. Both platforms are significant players in the Indian music streaming market, reflecting the country’s growing appetite for digital music consumption. Other notable services include Spotify and YouTube Music, which also have substantial user bases but do not surpass Gaana and JioSaavn in terms of active users in India.

How does RouteNote’s payment process differ for master recording royalties versus compositional royalties

RouteNote’s payment process differs in a few key ways for master recording royalties versus compositional royalties:

  1. Collection timeline:
  • Master recording royalties are typically collected and paid out more quickly, usually within 45 days after the end of the month they were earned.
  • Compositional royalties can take 6-9 months to be collected and paid out, due to RouteNote collecting from over 100 countries and societies, each with their own upload periods.
  1. Payment frequency:
  • Master recording royalties are paid out monthly, between the 15th-20th of each month, as long as the $50 minimum threshold is met.
  • Compositional royalties are paid on the same schedule, but due to the longer collection timeline, payments may be less frequent initially.
  1. Royalty types:
  • Master recording royalties come from streams and downloads of the actual recordings distributed through RouteNote.
  • Compositional royalties include performance royalties, mechanical royalties, YouTube micro-synchronization royalties, and neighboring rights.
  1. Payment combination:
  • For artists who distribute through RouteNote, compositional royalties are paid alongside master/sound recording royalties in the same payment.
  1. Revenue share:
  • For master recording royalties, RouteNote offers either an 85/15 split (free plan) or 100% to the artist (premium plan).
  • For compositional royalties collected through RouteNote Publishing, RouteNote takes a 15% cut of the publisher’s share.
  1. Reporting:
  • Master recording royalties are reported in more detail, with breakdowns by platform and country.
  • Compositional royalty reporting may be less granular due to the complexities of collecting from multiple societies worldwide.

While the basic payment process is similar, the key differences lie in the collection timeline, types of royalties, and the way RouteNote handles the revenue sharing for each royalty type.

What inspired Steven Finch to start RouteNote

Steven Finch was inspired to start RouteNote in 2007 with the goal of democratizing online music distribution and making it accessible to all artists. The key motivations behind founding RouteNote appear to be:

  1. Empowering artists: Finch wanted to create a platform that would allow musicians, from new artists to established names, to share their music online without needing the backing of a major record label or distribution company.
  2. Simplifying the distribution process: RouteNote was designed to make it easier for musicians to get their music onto popular streaming platforms and digital stores.
  3. Fairness and openness: The company was founded on principles of being fair and transparent with artists, offering free distribution options alongside paid services.
  4. Addressing industry challenges: Finch aimed to tackle the difficulties artists faced in achieving global recognition for their music.
  5. Equal opportunities: RouteNote’s mission revolves around providing all artists, regardless of their status or resources, with equal opportunities to distribute their music worldwide.

By creating RouteNote, Steven Finch sought to provide a solution that would allow artists to retain control and ownership of their music while reaching a global audience through major digital platforms. This vision was likely shaped by his understanding of the music industry’s challenges and his desire to create a more artist-friendly distribution model.

Constellation Software Revenue by Segment – 2019 – 2024

I came across this amazing chart of the growth of Constellation Software and their revenue by Segment.

As you can see Constellation has been on an amazing growth story since the very beginning and it doesn’t look like it is going to slow down any time soon.

I just wish I could invest in them from the UK, but no broker is really offer an option to buy their stock! If they had this I’m sure it would go even higher faster!

MEOW – Cat Cafe In New York Looks Amazing!

Architect Sonya Lee has unveiled the new home of Meow Parlour, New York City’s beloved cat cafe. The popular spot had outgrown its previous space. A standout feature of the new storefront is a ten-foot-tall wall constructed entirely of white oak shelves that spell out “MEOW.” These shelves serve a triple purpose: as eye-catching signage, a cozy playground for the cafe’s feline residents, and a stylish display counter.

TSMC (TSM) Release Their Q2 2024 Earnings. Strong Results Above Expectations, but Drop in Stock Price

TSMC has just released their Q2 2024 Earnings.

EPS: $1.48 vs $1.39 estimate

Revenue: $20.82 billion vs $20.06 billion estimate

Gross margin for the quarter was 53.2%, operating margin was 42.5%, and net profit margin was 36.8%. For Q3 2024 TSMC expect revenue between $22.4-$23.2 billion. The middle is well above the estimate of $22.65 billion.

This seems like another good quarter for TSMC overall, but so far the market has pushed down the share price and now it is trading at a forward P/E of 23

Time to buy??

Notion Calendar Android App is Now Live! Download Now

Notion Calendar is launching its Android app! Schedule and control your time on the go like never before. Multiple time zones. Auto-merged events. A clean, fast interface.

Play Store: https://play.google.com/store/apps/details?id=com.cron.calendar&pli=1

Here is a video of the new Notion Calendar app to give you a bit of a taster of what you can expect.

Amit Interviews Robinhood CEO and Co-Founder, Vlad Tenev. Robinhood Gold Economics and more.

The other day I just came across Amit on YouTube and noticed that he sat down and interviewed Robinhood CEO and Co-Founder, Vlad Tenev.

It’s a great interview and really worth the watch.

My favourite part is them talking about the new Robinhood Gold and the economics behind the product.

Apple Maps Cycling Data Now Live in The Netherlands and other countries on iPhone and Apple Watch

Apple Maps users in the Netherlands are now able to access cycling route data on their iPhones and Apple Watches.

Locations currently supported are:

  • Australia
  • Barcelona, Spain
  • China mainland
  • France
  • Germany
  • Japan
  • London, United Kingdom
  • Montréal, Canada
  • Toronto, Canada
  • United States
  • Vancouver, Canada

Vinod Khosla – 90% of VCs Add No Value to Startups

90% of VCs add no value to startups, 70% even harm them.

Just the fact that you got an MBA and joined a venture fund doesn’t mean you can give useful advice to an entrepreneur

If you never built an actual business, you’re not qualified to give advice.

Vinod Khosla is the lead of Khosla Ventures and has invested in some of the worlds largest companies when they were young and in venture capital mode.

Here is the full interview:

GitHub Copilot Workspace is Here – Leverage AI Developer Tools

GitHub Copilot Workspace is here!

GitHub Copilot Workspace leverages AI developer tools to streamline complex tasks across your entire repo, enhancing developer productivity and making coding faster and smarter. Ideal for navigating unfamiliar programming languages or frameworks, Copilot Workspace acts as a cloud IDE companion, deeply integrated with your project. As your ultimate coding partner, it excels in repo-wide edits and fosters programming collaboration. Whether addressing GitHub Issues or optimizing your task-centric workflow, Copilot Workspace is designed to improve your coding efficiency through its AI-generated code capabilities.

GitHub Copilot Workspace is going to be a great addition to GitHub. AI tools are becoming more important for coding as other tools like OpenAI have helped push the boundaries and are bringing more efficiency to coding.

I’m bullish on GitHub and I think they are going to continue to grow even further and faster over the next 10 years.

Rabbit R1 Video Review from iJustine – Handheld AI Device

Rabbit has just released their new handheld AI device the Rabbit R1. Above is the best review I could find at the moment of the R1 (its from iJustine).

I’m a big fan of this device and have ordered my own, but it probably wont come for some time.

Anyways, take a look at the review and it would be great to hear your thoughts and comments on the Rabbit R1