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Digest: MiDIA Research Teases Yearly Report, TIDAL Loses 3rd CEO, Spotify Settles

Posted by Glen Sears | May 30, 2017 9:38 am | No Comments

music-apps-slide

Story of the Week

MiDIA Research: Who’s Leading The Streaming Pack?
YouTube and Spotify emerge as the leading services with 25.1% and 16.3% WAU (weekly active user) penetration respectively. However, at the other end of the spectrum, Deezer swaps its top half of the table subscriber count ranking for the bottom ranking for WAUs with just 2.3%.

Other Music News Highlights

Spotify Settles Class Action Lawsuits With $43.4 Million Fund. Under the agreement, which will need to be approved by the court, the streaming company will set up a fund worth $43.4 million to compensate songwriters and publishers whose compositions the service used without paying mechanical royalties.

Judge Agrees Broadcasters Have First Amendment Right to Refuse Advertisements. According to a California federal judge ruling in a case involving SiriusXM, not running an ad is an exercise in free speech.

TIDAL Loses Its Third CEO In Two Years As Jeff Toig Exits. “As part of Tidal’s continued expansion this year we will be announcing a new CEO in the coming weeks,” TIDAL said in a statement.

SoundCloud Announces Departure of Content Chief Stephen Bryan. During his three years in the role, Bryan helped secure the label and publishing deals needed to launch the SoundCloud Go line of on-demand subscription tiers.

IMS Biz Report: Global Electronic Market Up 3% to $7.4 Billion. The report, which looked at industry data from 2016, reported the dance music market was up 3% to $7.4 billion dollars, up from $7.1 billion the year before.

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