Story of the Week
Apple Music Grows to 13 Million Subscribers
Apple Music has surpassed 13 million subscribers, Apple CEO Tim Cook revealed Tuesday. That represents growth of 2 million subscribers since the company last disclosed numbers in February.
Apple announced the growth in Apple Music subscribers as part of its fiscal second-quarter earnings release, during which it reported its first revenue declines since 2003.
But, the Cupertino, Calif.-based tech giant still has a ways to go before it catches up to streaming heavyweight Spotify. The company boasts 30 million paying subscribers as of March.
Top Music News Stories
Spotify Denies Security Breach After Report of Stolen Passwords, Addresses. According to a report at TechCrunch, some users’ email addresses, passwords and other account information appeared on the Pastebin website.
Future Of Music Coalition CEO Casey Rae On The Value Of Universal Data Standards. “Let’s commit to universally deployed data standards on both sides of the music copyright, common database environments for expedient matching and resolution of discrepancies, along with a protocol for universal information updates when additional data is modified by authorized parties.”
A Surprisingly Interesting Dive Into Classical Music Metadata. Breaking down how such metadata works, and what standards need to be followed in order to ensure that DSP’s classical content remains up to snuff.
Pandora’s First Quarter Financials: Ad Revenue Jumps Along With Music Costs. With revenue jumping 29 percent from nearly $231 million in the corresponding quarter in the prior year, Pandora continues its growth story—but its losses also widened, to $115.7 million from the $48.3 million loss it had in the corresponding quarter in the prior year.
ASCAP Reports $1 Billion in Revenue, Again. Within that, domestic receipts grew to $716.8 million, up 9.3 percent from the prior year’s total of $655.8 million. ASCAP also increased domestic distribution by 6.2 percent, to $573.5 million.
YouTube Changes Content ID to Allow Money Collection During Rights Investigations. Internet video giant YouTube has made a change in its Content ID evaluation process that will benefit creators whose work has been improperly challenged by a rights holder.
Regulatory Filing Reveals UMG’s Massive Effort To Block Pirates. A Universal Music Group filing with the U.S. Copyright office designed to bolster the case that Safe Harbor standards need an overhaul, reveals the lengths that the company went to limit piracy on Taylor Swift’s 2014 release ‘1989.’
Our best wishes for a great week! – MediaNet