Tag: spotify

What are the largest music streaming services in India

The largest music streaming services in India are:

  1. Gaana: With approximately 185 million monthly active users, Gaana is one of the most popular music streaming platforms in India, offering a vast library of Hindi and regional music.
  2. JioSaavn: This service has over 200 million subscribers and is known for its extensive collection of Indian music across various languages, making it a significant player in the Indian market.
  3. Spotify: A global leader, Spotify has gained substantial traction in India, providing a diverse catalog of music, including local and international tracks.
  4. YouTube Music: Leveraging YouTube’s massive user base, YouTube Music is widely used in India, offering a mix of official tracks, user-generated content, and music videos.
  5. Wynk Music: This platform, associated with Airtel, is popular among Indian users and offers a large selection of songs, including regional music.
  6. Apple Music: Although it has a smaller user base compared to local services, Apple Music is recognized for its high-quality audio and exclusive content.
  7. Amazon Music: Gaining popularity, especially among Amazon Prime subscribers, Amazon Music offers access to a wide range of songs and playlists.

These services reflect a mix of local and international offerings, catering to the diverse musical tastes of Indian listeners, with significant growth in streaming volumes reported in recent years.

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 Differences Between their A Class Shares and B Class Shares

Spotify’s A class and B class shares differ in two key ways:

  • Voting rights: Class B shares have 10 votes per share, while Class A shares have one vote per share. This means that Class B shareholders have significantly more control over the company, even though they own a minority of the shares.
  • Conversion rights: Class B shares can be converted into Class A shares at any time, but Class A shares cannot be converted into Class B shares. This gives Class B shareholders the flexibility to convert their shares into Class A shares if they want more voting rights, but it prevents Class A shareholders from converting their shares into Class B shares to gain more control over the company.

Other than these two differences, Class A and Class B shares have the same rights and obligations. This means that they receive the same dividends and have the same right to participate in any liquidations or distributions.

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

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.

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.

Spotify Acquires Locker Room – Watch Out Clubhouse!

Spotify Acquires Locker Room and Announces Plans for a New Live Audio Experience

“Creators and fans have been asking for live formats on Spotify, and we’re excited that soon, we’ll make them available to hundreds of millions of listeners and millions of creators on our platform,” said Gustav Söderström, Chief Research & Development Officer at Spotify. “The world already turns to us for music, podcasts, and other unique audio experiences, and this new live audio experience is a powerful complement that will enhance and extend the on-demand experience we provide today.” 

This makes perfect sense for Spotify and an area that I’m sure they are going to be strong in.

Clubhouse has performed well because everyone has been in lockdown, but I’m not sure it will perform as well on its own over the long term as people get back to their normal lives at the end of the summer.

Amuse.io – Do They Pay Musicians / Artists More Money Than Competitors?

The short answer is = NO.

Amuse claim that they pay artists / musicians more money than their competitors – but this is a completely FALSE claim.

The major record labels and the lead music distributors all have the same revenue share with Spotify, Apple Music and other DSPs. There is NO way that a small distributor such as Amuse would have a higher revenue share than the major record labels!

It’s getting a little bit tired that there are a lot of companies out there making completely false claims knowing they can’t be challenged.

Free Spotify Music Distribution within 48 Hours!

There are a growing number of musicians and labels all over the world that would like to get their music live for Free in Spotify! Music distribution to Spotify and other services can take some time and the vast majority of them have poor customer service – however, you should check out RouteNote.

RouteNote is a very large music distribution service that allows artists and labels to get their music live in Spotify and other stores for free within 48 hours. This is outstanding!

RouteNote is free to create an account and artists can upload for free and keep 85% of the royalties with monthly payments straight into your Paypal account or International Bank Account.

Im a huge fan so click here to take a look for yourself!

Spotify Buys Megaphone for $235 million – Who is Losing Out? Consumers

It was confirmed that Spotify is buying Megaphone for $235 million.

Megaphone is a podcasting hosting and advertising company – it’s easy to see how this fits into Spotify’s plans for world domination in the podcast market, but it will throw up a lot of concerns on how powerful Spotify is in this market now and how they plan to control all the data around podcasts.

These podcasts should be platform agnostic – like music. However, they seem to be getting acquired and then made exclusive for either Spotify, Apple Music, Deezer, Tidal or whoever has the most money at the time.

Who is going to lose out? CONSUMERS!

How much can you earn from a Spotify podcast?

Podcasts are completely free on Spotify at the moment. Thus, Spotify won’t pay you any royalties no matter how many times your podcast is played or downloaded.

How Do I Make Money on Podcasts?

Advertising / Sponsors is the main way to monetize a podcast at present. You will need to create a podcast with listeners and then go out and find Sponsors.

How much Venture Capital has Spotify Raised and From whom?

Spotify raised a total of $188 million from venture capital and private equity companies before its IPO.

Series A, 10/08 $21.6M
Creandum
Northzone
Li Ka-shing

Series B, 8/09 $50M
Wellington Partners
Li Ka-shing

Series C, 2/10 €11.6M
Sean Parker
Founders Fund

Venture Round, 6/11 $100m
Kleiner Perkins Caufield & Byers
Accel Partners
Digital Sky Technologies

source: http://www.crunchbase.com/company/spotify

Is it Free to Upload to Spotify?

Yes. RouteNote is completely free and allows any artists from anywhere in the world to upload as much music as they want to the worlds largest stores and streaming services.

  • Free to uploading unlimited to music to the worlds largest stores and streaming services
  • YouTube Content ID, Facebook Content ID and Instagram included
  • YouTube Networks
  • Distribution in China and other emerging markets.