Digital Music News
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Digital Music News is the music industry's leading source for news on developments, technology, and trends. DMN is for people in music!
Digital Music News
7h ago
Why let a good rally go to waste? As Spotify shares (NYSE: SPOT) continue to hover well above $300 apiece following a positive Q2 earnings report, execs are selling off millions in stock. The sizable selloffs came to light in a series of regulatory filings, each dated July 23rd (when the second-quarter financials released) or ..read more
Digital Music News
9h ago
Beyoncé’s ‘Freedom’ sees a massive surge in streams after its feature during Harris’ first appearance as the Democratic presidential candidate. Beyoncé’s 2016 track “Freedom” is seeing a significant surge in streaming traffic after Vice President Kamala Harris walked out to the tune during her first official appearance as the leading Democratic candidate for the upcoming ..read more
Digital Music News
9h ago
As the $1.6 billion acquisition by Blackstone finalizes, the Hipgnosis Songs Fund will delist from the London Stock Exchange on July 30. Here’s the latest. A bidding war over Hipgnosis Songs Fund earlier this year saw Blackstone emerge victorious, after Concord bowed out. Hipgnosis shareholders voted in favor of the $1.6 billion acquisition bid for ..read more
Digital Music News
10h ago
With Spotify stock (NYSE: SPOT) riding high – and with Universal Music shares struggling – the streaming giant’s market cap is now about $23 billion larger than that of today’s biggest music company. The sizable valuation discrepancy was set in motion this week, when Spotify posted solid Q2 operating income and (despite missing MAUs guidance ..read more
Digital Music News
10h ago
Apple Music for Artists can now track radio spins from more than 40,000 radio stations across the globe. Here’s a peek at the new feature. Apple says it offers radio monitoring for 40,000 radio stations from more than 200 countries and regions. Radio Spins data is integrated throughout the Apple Music for Artists experience so ..read more
Digital Music News
12h ago
Deezer has officially named longtime e-commerce exec Alexis Lanternier as its new CEO. The Access Industries-owned streaming platform just recently announced the appointment, with Lanternier poised to take the reins from interim CEO Stu Bergen on September 2nd. Bergen, who’s expected to remain on Deezer’s board after stepping down, replaced now-former CEO Jeronimo Folgueira in ..read more
Digital Music News
22h ago
Universal Music Group (UMG) has seen its stock value plummet by nearly 24% after disclosing a streaming-growth “deceleration” for 2024’s second quarter. The largest of the major labels acknowledged the relative streaming-expansion plateau in its earnings report and call for Q2, when revenue hit $3.18 billion (€2.93 billion). That figure represents a roughly 8.7% year-over-year ..read more
Digital Music News
22h ago
Apple Music introduced a library of artwork for users to choose from to customize a playlist, and now AI-generated images appear to be on the horizon. Apple’s iOS 17.1 update saw the introduction of a library of artwork from which users can select an image to customize a playlist in Apple Music. Now, 9to5Mac has ..read more
Digital Music News
22h ago
Live Nation is pushing to move the DOJ’s antitrust lawsuit to Washington DC, amidst its efforts to have portions of the case dismissed outright. Live Nation is blasting the Department of Justice’s antitrust lawsuit against it, pushing to see the case moved to Washington DC as it continually fights to have many portions of the ..read more
Digital Music News
22h ago
Spotify expands its Countdown Pages to artists with 5,000 active listeners, more than a year after unveiling the feature. It’s been over a year since Spotify unveiled its Countdown Pages feature in March 2023 — individual pages for upcoming albums allowing fans to pre-save, watch video clips, browse tracklists, pre-order merch, and more. Initially, the ..read more