Tag: music

What are the Largest Music Streaming Services in Indonesia with Market Share Numbers

According to Statista, the largest music streaming services in Indonesia with market share numbers as of 2023 are:

  1. Joox (50.73%)
  2. Spotify (32.22%)
  3. Apple Music (17.05%)

Joox is a music streaming service developed by Tencent Music Entertainment. It was launched in 2015 and is the most popular music streaming service in Indonesia, with over 50 million active users.

The growth of the music streaming market in Indonesia is being driven by a number of factors, including:

  • The increasing penetration of smartphones and the internet in Indonesia.
  • The growing popularity of music streaming services among Indonesian consumers.
  • The increasing availability of affordable and high-quality music streaming plans.

Spotify Reports Strong Second Quarter Results for 2023 – Financials

Spotify, the world’s leading music streaming service, today announced strong financial results for the second quarter of 2023. The company’s revenue grew 11% year-over-year to €3.2 billion, and its monthly active users (MAUs) grew 27% to 551 million. Spotify’s premium subscribers grew 17% to 220 million, and its advertising revenue grew 30% to €243 million.

Spotify’s CEO, Daniel Ek, said that the company is “very pleased” with its second quarter results. He attributed the company’s growth to its “strong global expansion,” its “continued focus on innovation,” and its “growing partnerships with the music industry.”

Ek also said that Spotify is “well-positioned for continued growth in the years to come.” He pointed to the company’s “large and growing user base,” its “strong financial position,” and its “continued investment in innovation” as reasons for his optimism.

Spotify’s results come at a time when the music streaming industry is booming. In 2022, the global music streaming market was worth an estimated $25.6 billion. This is up from just $7.3 billion in 2015. The growth of the music streaming industry is being driven by a number of factors, including the increasing popularity of smartphones and tablets, the growing availability of high-speed internet, and the rising cost of traditional music formats, such as CDs and vinyl.

Spotify is one of the leading players in the music streaming industry. The company has a significant market share in both developed and emerging markets. Spotify is also one of the most innovative companies in the industry. The company has been at the forefront of developing new features, such as personalized playlists and podcasts.

Spotify’s strong financial results and its leading position in the music streaming industry suggest that the company is well-positioned for continued growth in the years to come.

Here are some additional details from the article:

  • Spotify’s adjusted gross margin was 25.5% in the second quarter, which was in line with guidance.
  • Spotify’s adjusted operating loss was €112 million in the second quarter, which was better than guidance.
  • Spotify’s free cash flow was €143 million in the second quarter, which was its highest ever quarterly free cash flow.

Spotify’s management team is optimistic about the company’s future. They said that they expect Spotify to continue to grow its user base and revenue in the years to come. They also said that they are committed to investing in innovation and partnerships with the music industry.thumb_upthumb_downtuneshareGoogle it

Deezer Relaunches Their Automotive App – Listen to Your Music on the Go!

Deezer, the global music streaming platform, today announced the launch of its new automotive app. The app is available in cars with Google built-in and cars with the automotive app store Faurecia Aptoide.

The Deezer automotive app offers a number of features designed to make it easy for drivers and passengers to enjoy their music while on the go. These features include:

  • A personalized Flow of recommendations based on the user’s listening history and preferences.
  • The ability to create and save custom playlists.
  • Voice control so that drivers can keep their eyes on the road and hands on the wheel.
  • The ability to stream music in high quality.

The Deezer automotive app is available now in select markets. To learn more, please visit the Deezer website.

Here’s a more detailed explanation of some of the features of the Deezer automotive app:

  • Personalized Flow: The Personalized Flow is a never-ending mix of music that is tailored to the user’s listening history and preferences. The Flow is updated regularly with new music, so users are always discovering new songs and artists.
  • Custom playlists: Users can create and save custom playlists of their favorite music. This makes it easy to listen to specific genres, moods, or artists.
  • Voice control: The Deezer automotive app can be controlled by voice. This means that drivers can keep their eyes on the road and hands on the wheel while still enjoying their music.
  • High quality streaming: The Deezer automotive app streams music in high quality. This means that users can enjoy their music in the best possible sound quality.

The Deezer automotive app is a great way for drivers and passengers to enjoy their music on the go. The app offers a number of features that make it easy to find and listen to the music you love.

What are the Largest Music Streaming Services in Japan with Market Share Numbers

Here are the top 5 largest music streaming services in Japan with their market share numbers:

ServiceMarket Share (2022)
Spotify24.1%
Apple Music21.5%
Amazon Music Unlimited15.5%
LINE Music13.1%
AWA10.2%

As you can see, Spotify and Apple Music are the two leading music streaming services in Japan, with a combined market share of 45.6%. Amazon Music Unlimited is the third-largest service, followed by LINE Music and AWA.

It is worth noting that the Japanese music streaming market is still relatively young, and the landscape is constantly changing. In recent years, there has been a growing number of domestic music streaming services entering the market, such as LINE Music and AWA. These services are targeting Japanese listeners with exclusive content and features, and they are slowly gaining market share.

It will be interesting to see how the Japanese music streaming market evolves in the coming years. With the increasing popularity of streaming, it is likely that the market will continue to grow. However, it is also likely that the market will become more fragmented, as more and more domestic services enter the fray.

Browser Based Shazam – Chrome Extension – Identify Songs on Websites

A long time ago I wrote about Shazam and how they stopped producing the software as a Windows app.

Today I have come across the updated Shazam Chrome Extension.

Its available here in the Chrome app store – and already has over 3 million+ users.

No long will you come across a website and hear a track playing in the background and not know who released that track.

What is IMDB for the Music Industry?

Over the years there have been a lot of companies try to build IMDB for the music industry. However, none have been able to get to scale.

I have a theory behind this…

IMDB is all about movies – in which is long form content and the audience spend at least a few hours of their life focused on watching something – for either entertainment or educational purposes. Spending that amount of time watching one thing – means the customer is willing to really dedicate time into it.

Music is the opposite.

Music is short form content that is consumed in a matter of minutes and then the consumer moves onto the next one. As technology improves and artists now have the ability to distribute their music to streaming services via distributors (like RouteNote) – it means there is also more music being created now than ever before. This type of content means that the customer isn’t as engaged or consumed by the content. Thus, not willing to spend a great deal of time to research about the music they are consuming.

We built Tunedex (via RouteNote) to help solve this problem for music, but we have since realised that this isn’t really a problem.

Distrokid Increases Prices by 15% and Don’t Tell Their Customers

Distrokid, one of the leading music distribution services, has recently announced a 15% price increase across all of its plans. This news has come as a surprise to many of its customers, who are now left wondering how this change will impact their music careers.

Distrokid’s previous pricing structure was based on an annual subscription fee, with different plans offering various features and services. With this recent increase, the cost of the basic plan will go up from $19.99 to $22.99, while the Musician Plus plan will increase from $35.99 to $41.49 per year.

Distrokid has cited several reasons for this price increase, including rising overhead costs and the need to invest in new technology and features to stay competitive in the music distribution market. Despite these reasons, some customers are concerned that the price hike will disproportionately impact smaller independent artists and labels.

How do I Add or Remove Songs from RouteNote?

Adding Songs to RouteNote

To add your songs to RouteNote, you first need to create an account on their website. Once you have an account, you can log in and go to the dashboard. From there, you will see an option to “Create New Release.” Click on that and fill in the necessary details like the album or single name, artist name, and release date. Then, you can upload your music files and artwork. After that, you will need to select the streaming services you want your music to be distributed to. RouteNote offers both free and paid options, so choose the one that suits your needs. Once you have completed all the steps, RouteNote will review your release, and if everything is in order, they will distribute your music to the selected services.

Removing Songs from RouteNote

If you want to remove your songs from RouteNote, you can do so by going to your dashboard and selecting the option to contact the support team. The support team will do all the heavy lifting and you simply need to email them and ask them to remove the releases in question.

Spotify / Findaway – Dropping Its Cut on Audiobook Fees

Findaway, an audiobook seller owned by Spotify, has announced that it will no longer take a 20 percent cut of royalties for titles sold on its DIY Voices platform if the sales are made on Spotify. In a blog post published on Monday, Findaway stated that it would “pass on cost-saving efficiencies” from its integration with the streaming service. Last summer, Spotify finalized its $123 million acquisition of Findaway in a move to solidify its position in the audiobooks business.

While authors can upload their audiobooks onto Findaway’s Voices platform for free, the company normally uses an 80/20 pricing structure where Findaway takes a 20 percent fee on all royalties earned. However, that fee is applied after sales platforms take their own 50 percent cut on the list price. Under the old revenue split, an author who sold a $10 audiobook would have to give $5 to Spotify and $1 to Findaway. But moving forward, that same author will no longer have to pay the $1 distribution fee to Findaway when a sale is made through Spotify.

Financials and Multiples on the Believe Digital and Sentric Music Publishing Deal

This morning we posted about Believe Digital acquiring Sentric Music Publishing.

I wanted to provide a little more context about the acquisition.

Sentric – Companies House accounts – https://find-and-update.company-information.service.gov.uk/company/05721428/filing-history

2021 Year End Numbers:

  • £29.5m Revenue (up 57% YOY)
  • £24.2m COGS
  • £4.8m GP (8.5x multiple to value)
  • £1.2m NP (34x multiple to value)

Acquisition price was $51 million.

It feels like this was a good price on both counts. Utopia obviously sold Sentric at a discount, but they really need to get rid of the asset (they only purchased a year ago). Believe got a good asset in a new market – at a reasonable multiple.

Believe Digital Acquires Sentric Music Publishing from Utopia Music for $51 million

Believe Digital has acquired music publishing company Sentric for $51 million from Utopia Music.

This is a great move from Believe – and as Utopia have been in a lot of issues with debt recently – it feels like a bit of a fire sale.

“The acquisition of SENTRIC is the first step for BELIEVE in the roll-out of a global and comprehensive publishing offer. The growth and digital transformation of the songwriters’ market is opening-up many opportunities. We are excited to be able to immediately expand the services we provide to our existing TUNECORE clients with SENTRIC’s best-in-class royalty collection service, while starting to work on future innovative products and services for all of Believe’s songwriters and publishers.”

BELIEVE CEO DENIS LADEGAILLERIE said,

Believe is currently looking for more acquisitions – they normally focus around record labels, but this put Believe into a completely new market with a strong TAM.

Duolingo Working on a Music App – Music Industry Watch This Space!

Duolingo is currently working on a music app.

It turns out that Duolingo (which has over 500 million users – not sure how many are active) – have been working on a music app with a small team for some time.

There is currently a job for a learning scientist who is an “expert in music education who combines both theoretical knowledge of relevant learning science research and hands-on teaching experience”.

The job listing suggests that the app will teach basic concepts in music theory using popular songs and teachers.

This sounds very interest – as it would be a great stepping stone for Duolingo to move into a lot of new and interesting areas of education, with their already massive audience.

via – Techcrunch

How Much Money Does SoundCloud Pay Artists Per Stream?

Streaming services like SoundCloud have opened up new opportunities for musicians to be heard around the world. But many people are curious about the financial side of streaming, specifically how much money do artists make per stream on SoundCloud? In this blog post, we’ll explore the answer to this question.

SoundCloud’s Payment Model

SoundCloud’s payment model is based on revenue sharing. Each time a user listens to a song on the platform, the artist earns a portion of the revenue generated by ads or subscriptions. The exact amount varies depending on the terms of the artist’s contract with SoundCloud, as well as the country where the song is being streamed.

How Much Does SoundCloud Pay Per Stream?

The amount of money paid per stream on SoundCloud can range from $0.0017 to $0.0084, with the average being around $0.0031 per stream. However, the exact amount varies depending on the artist’s contract and the country where the song is being streamed.

Factors That Impact SoundCloud Revenue

The amount of money earned per stream on SoundCloud is affected by several factors, such as the artist’s contract with the platform and the country where the song is being streamed. Additionally, the type of user who is streaming the song can also affect the amount of money earned. For example, if a premium user is streaming the song, the artist may earn more money than if a free user was streaming the same song.

Streaming services like SoundCloud have opened up new opportunities for musicians to be heard around the world. But it’s important to understand the financial side of streaming, specifically how much money do artists make per stream on SoundCloud? The amount of money paid per stream on SoundCloud can range from $0.0017 to $0.0084, with the average being around $0.0031 per stream. However, the exact amount varies depending on the artist’s contract and the country where the song is being streamed, as well as other factors such as the type of user who is streaming the song.

Uncovering the Hidden Fees of Distrokid

Many musicians are signing up for DistroKid’s music distribution service, but they may not be aware of all the hidden fees that can be charged. This post will explore DistroKid’s hidden fees, explaining what they charge and how to avoid paying too much.

What hidden fees does DistroKid charge?

DistroKid charges an annual fee for the use of their service. This fee specified on their website is $19.99. However, many users don’t realize there is an additional fee for each album or song they upload. This fee is $9.99 per album and $0.99 per song. If an artist is uploading many albums or songs, these fees can add up quickly.

What other hidden charges are there?

In addition to the annual fee and per album/song fee, DistroKid also charges a processing fee of $1 per album/song. This fee is charged each time an album or song is uploaded, so costs can add up quickly if musicians are uploading a lot.

There is also a $2.99 fee for sharing an album or song with a friend. This fee is charged each time a user shares a song or album with someone, so costs can add up quickly.

DistroKid offers a useful music distribution service for musicians, but it’s important to be aware of the hidden fees they charge. Understanding these fees can help musicians avoid paying too much for the use of DistroKid.

Tencent Music Entertainment Set to List on Hong Kong Stock Exchange in Coming Days

It has been reported that Tencent Music Entertainment will be performing a secondary listing in Hong Kong in the coming days.

China’s TME, home to three of the country’s leading music streaming services; QQ Music, Kugou and Kuwo.

The secondary listing plan was announced by TME Executive Chairman Cussion Pang alongside the firm’s Q4 2021 and FY 2021 results.

This will be a very big listing for the Hong Kong Stock Exchange.

“We are pursuing a secondary listing on the Main Board of the Hong Kong Stock Exchange through a listing by way of introduction (which is a direct listing without any offering of new shares), subject to regulatory approvals,” said Pang.

It will be interesting to see in the coming year if TME also decides to keep their NYSE listing or whether they decide to pull out of the US market.

Outertone Chill – Amazing Chillout Music to Help Relax, Focus on General Background

Over the past 3 months or so we have been running a new YouTube project at RouteNote called Outertone Chill.

The channel is dedicated to Chillout music of all kinds of genres.

The aim of the project to sign and create amazing chillout tracks that can help people relax day to day, focus, or just general background music for their day at work.

If you get a chance please take a look at the channel and it would be great to hear your feedback.

Cash App Marketing Strategy – Bring in the Hip Hop Culture

I came across this post by – Dan Runcie (Trapital). Great read and started to make a lot of sense in combination with Square (Cash App owners) also buying Tidal.

Research also via – Ark Invest – https://ark-invest.com/articles/analyst-research/squares-cash-app-twitter/

For years, Cash App lagged behind Venmo. But that was before it teamed up with rappers as influencers. Here’s how hip-hop helped Cash App become a $73B+ business.

When Cash App launched in 2013, it was very buttoned-up.

Users needed phone numbers or emails to transfer money. There was no social element. It lost money with every new sign-up.

But in 2015, Cash App introduced $cashtags. In 2017, it followed up with Bitcoin trading just before it hit its first $20k high. The timing was perfect.

With its crypto users generating 3x more revenue than non-crypto users, Cash App wanted to double down on its influence.

At the time, Cash App started getting more shoutouts in rap songs. The company wasn’t sure why, but Block, Cash App’s parent company, locked in on one of the more successful influencer campaigns in recent years.

In May 2018, Cash App teamed up with Lil’ B. That August, Travis Scott came on board. And in December of that year, Snoop Dogg was its newest partner.

With Cash App as a sponsor, these artists gave away $100-$500 to fans who posted their $cashtag under their posts.

Cash App’s hip-hop influencer giveaways worked for four reasons:

1. Low customer acquisition cost (CAC)

2. Free money is always an easy sell

3. This was the first time hip-hop fans were the target audience for a financial service

4. It built on its existing popularity

Let’s break those down.

1. Low CACs

ARK Invest had a great breakdown on how Cash App’s hip-hop influencer tactics drop its CAC to be as low as $20 per user.

As a comparison, traditional banks spend $925 per user.

2. Free money is an easy sell

In 2019, the company spent an estimated $60k on Cash App Fridays, an investment that paid for itself many times over. Cash App Fridays became an awareness-building tactic in itself.

3. Reaching different customers

Cash App’s user base is strongest in the South and the Midwest of the US, which aligns with the regions where many hip-hop fans live.

Historically, these regions also get ignored by traditional banks.

By targeting these areas, Cash App took an approach opposite to most startups who instead focus on their “early adopter” coastal elite networks in NY, SF, LA, and DC.

Unlike Venmo, which relied on Ivy League students and alumni for initial growth.

4. Built on existing popularity

Cash App has now been name-dropped by 200+ hip-hop artists.

Sponsoring artists to give away hundreds of thousands led to more peer-to-peer transactions, which attracted more of its most profitable demographic, Bitcoin investors.

Cash App leaned into its popularity even more when it launched Cash App Studios in 2021 to bankroll artists and other creatives.

Cash App has achieved every modern brand’s dream: To become part of the ‘culture’ without appropriating it.

Beggars Music Group Financials for 2021 – Revenues up 29.7% Year on Year

Beggars Music Group had a strong 2021 (as they have just released their numbers in a filing on UK Companies House).

Beggars Group generated GBP 79.98 million in 2021 – which was up 29.7% year on year.

This figure includes Beggars’ share of various joint venture businesses including XL Recordings, Matador and Rough Trade, in each of which Beggars owns 50%.

Beggars is a huge player in independent music market and it’s great to see that they are still growing strong and getting a strong slice of the market.

ClubHouse Offering Music Audio Listening Without Any Music Licensing

ClubHouse has been a popular audio app for some time now, but it seems like they now have audio listening rooms (Pandora style).

It seems like ClubHouse has forgot one huge downside to this and that’s the fact that they don’t actually have any music licensing to be able to offer such a service.

I wonder whether this is part of the ClubHouse strategy or whether this has just become something that is happening inside their app without their control …. I’m not too sure. However, it won’t take very long for music PRO societies to notice this and come calling for an appropriate license.