Research firm Luminate has published its mid-year report for 2024, with a raft of stats exploring the continued growth of the music market.
Tag: Top Stories
Music sales are growing faster than games and video in the UK
There are some bragging rights for the music industry in the latest figures from the UK’s Entertainment Retailers Association (ERA).
Labels sue US ISP Verizon in new copyright-infringement case
US labels really are suing Verizon in 2024. All three major labels (and sundry label imprints) are named as plaintiffs in the case.
US music bodies welcome ‘Copied Act’ proposed AI legislation
Moves to regulate rapidly-evolving generative-AI technology in the US continue, with this week bringing the latest proposed bill from politicians grappling with AI’s implications.
Midia Research outlines ‘the four genres of this millennium’
Mulligan’s latest blog post digs in to the idea that the classic ‘canon of music genre’ was mainly established between the 1960s and 1990s.
Hipgnosis Songs Fund shareholders approve Blackstone deal
Hipgnosis Songs Fund (HSF) shareholders yesterday approved the proposed acquisition of the company by investment giant Blackstone.
UMG reveals new label groups, Audience and Media division and layoffs in UK
Universal Music Group’s strategic reorganisation continues today, with the announcement of its plans for Universal Music UK.
Amazon, Apple and Spotify to challenge Canada’s streaming tax
When Canada’s broadcasting regulator announced plans for a 5% levy on the local revenues of streaming services, the DSPs weren’t happy.
Omdia predicts $53.4bn of global retail-music sales by 2028
Omdia is the latest research firm to polish its crystal ball and deliver some predictions.
Over 100m Americans have access to paid music-streaming services
The US recorded music business saw revenues grow for the eighth successive year in 2023, and it seems 2024 will continue that trend.
WMG warns AI firms not to train on its music without a licence
Recordings, videos, compositions, lyrics, metadata, artwork and other visual content are included in the declaration
Suno releases its first mobile app after attracting 12m users
AI music startup Suno’s product roadmap continues, despite the company facing a lawsuit from labels. This week it launched its first app.