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Spotify Says More Artists Made More Money in More Languages in 2024, Per-Stream Rate a ‘Misconception’

Spotify released its annual Loud & Clear report on Wednesday (March 12), trumpeting the growing number of musicians earning robust royalty income from the platform, along with its users’ increasingly global listening patterns. “The number of artists generating $10,000, $100,000, and $1 million dollars on Spotify alone has at least tripled since 2017,” says Sam […]

U.K. Recorded Music Revenue Hit Record High in 2024 on Continued Streaming Growth

The U.K. streaming market rose to record levels in 2024 as it crossed the £1 billion ($1.28 billion) revenue barrier for the first time, according to annual figures from labels trade body BPI published Wednesday (March 12).  Subscription, ad-supported and video-streaming revenue totaled £1.02 billion ($1.3 billion) to make up 68.1% of the country’s recorded […]

Concord in Advanced Talks to Acquire Stem

Concord is an advanced talks to acquire music distributor Stem, according to multiple sources close to the talks. Los Angeles-based Stem is a 10-year-old digital distributor that gives independent artists ownership of their works and retains a distribution fee. Nashville-based Concord has vast music publishing and recorded music catalogs that include the compositions of Rodgers […]