Show Notes / Transcript:
In today’s episode we have word on a new campaign for fairer music streaming royalties, some concerning news for the live sector and Tencent Music’s latest stats.
This is Fast Music News
The Ivors Academy and UK based organisation, The Musicians Union have joined forces to launch a new campaign for fairer music royalty payouts to artists. It‘s called ‘Keep Music Alive’ and is starting with an online petition to the British government.
The campaign calls for industry stakeholders to work together and to agree on an equitable, sustainable and transparent model for royalty distribution in the streaming era.
A poll conducted by The Screen Engine has found that fewer than 10% of Americans would attend a concert if allowed. This will make difficult reading for the live sector as lockdown restrictions begin to ease. The poll also revealed that over half of the people surveyed would need to see necessary precautions at large gatherings before feeling safe enough to attend again.
Market leading, Chinese music-streaming company Tencent Music now has more than 42 million paying users, up by more than 50% since this time last year. The service now has a total of more than 620 million monthly active users.
Spotify have announced a new feature for group listening. The feature is designed for groups to organise a shared playlist and control what’s playing in real time. The beta version of the feature has already been available to selected users for some time. It is now officially being made available to all premium users of the service.
Popular broadcaster Julie Adenuga has announced she is leaving Apple’s Beats 1 Radio after five years on the station. Julie was one of the original DJ’s on Beats 1. She has not yet announced her next move.
This has been your Fast Music News update.
If you have enjoyed this episode please subscribe so you never miss a beat.