Stat Of The Week

Spotify has added 10 million paying subscribers this year. So has Tencent Music.

TME has half the paying subscriber base of Spotify, but has kept pace with Spotify's growth

Warner Music Group generated $1.55bn in calendar Q2; subscription streaming revenues rose 13.7% YoY

Warner Music Group has published its financial results for the three months ended June 30, 2024 (calendar Q2 – the company’s fiscal Q3)

Universal Music generated $3.15bn in Q2 – driven by top sellers Taylor Swift, Billie Eilish, SEVENTEEN and more

Universal Music Group has published its financial results for the three months to the end of June

Global on-demand audio streams grew 15.1% to reach 2.29 trillion in H1, according to Luminate’s Midyear Music Report

Market monitor Luminate has published its Mid-Year report for H1 2024

There are 8bn user-curated playlists on Spotify, 725m created this year alone, Daniel Ek says

The streaming service has been working to make playlisting a more attractive feature for its subscribers

Amapiano streams exploded by 5,668% on Spotify between 2018 and 2023

Spotify credits pandemic lockdowns for the sudden success of this South African musical genre

TuneCore has paid out over $4 billion to self-releasing artists to date

TuneCore has paid out around $1 billion since December 2022

PRS for Music paid out a record $1.2bn to songwriters, composers and music publishers last year

Total royalty distributions increased by 12.8% YoY

Olivia Rodrigo’s ‘Sour’ is the most streamed album by any female artist ever on Spotify (yes, including Taylor Swift)

Olivia Rodrigo’s debut album continues to smash records three years after its release

Streams of Kendrick Lamar’s Not Like Us and Euphoria are still soaring on Spotify… and the tracks have been blowing up on other platforms too.

Not Like Us reached No.1 on the Billboard Hot 100 this week

Universal Music Group generated $2.8 billion in Q1 – up 7.9% YoY

UMG, which trades on the Euronext stock exchange in Amsterdam, has published its Q1 results (for the three months to end of March)

Latin music generated $1.4 billion in US recorded music revenues last year – up 16% YoY

The RIAA has published its Year-end Latin Music Report

Epidemic Sound’s royalty-free music is played 2.5bn times per day on YouTube and TikTok, but company still struggles to turn a profit

The company says there are now 26 million videos on YouTube and TikTok featuring its music

Amapiano and Afrobeats videos saw nearly 4 billion global views on Vevo in 2023

Music video network Vevo recorded a 56% YoY increase in viewership of Afrobeats and Amapiano videos globally in 2023

The MLC has distributed over $2bn to songwriters and publishers since 2021

Nashville-headquartered organization just reached a significant milestone