News Briefing: Music, Tech, and Africa (07/29/24)
Spotify Reports Second Quarter 2024 Earnings
We announced our second quarter 2024 earnings. Led by healthy subscriber gains, improved monetization, and record profitability, Spotify reported…
Monthly Active Users grew 14% Y/Y to 626 million.
Subscribers increased 12% Y/Y to 246 million.
Total Revenue was up 20% Y/Y to €3.8 billion.
Gross Margin reached 29.2%.
Operating Income improved to €266 million.
Source: Spotify
Universal Music Group N.V. Reports Financial Results for the Second Quarter and Half Year Ended June 30, 2024
Hilversum, The Netherlands, July 24, 2024 — Universal Music Group N.V. (“UMG” or “the Company”) today announced its financial results for the second quarter and half year ended June 30, 2024.
Source: Universal Music Group
Promote Your Music With Sponsored Songs on Audiomack
Audiomack's Sponsored Songs feature empowers artists to reach new listeners. With Sponsored Songs, artists can promote their music to targeted audiences using either their AMP (Audiomack Monetization Program) earnings or external payment methods. This places your tracks in the queues of listeners most likely to enjoy them, expanding your reach and fanbase.
Source: Audiomack
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Artists Can Now Start Countdown Pages To Promote Their Upcoming Albums on Spotify
Building anticipation ahead of a new album release is one of the most important ways for artists to ensure its success.
After having tested Countdown Pages with a select group of artists over the last year, we’re excited to announce that starting today, we’re expanding this feature to all eligible artists.
All artists with at least 5,000 active listeners in the 28 last days will now be able to create their own Countdown Pages to build hype for an upcoming album and ultimately drive streams once the album is released.
Source: Spotify
Apple Music for Artists launches Track Radio Spins
Apple Music Partner Program members have exclusive access to our Radio Spins web tool. In addition to the data that’s offered via our Radio Spins API, our web dashboard allows you to search for any song in the Apple Music catalog or one of our over 40,000 tracked terrestrial and digital radio stations in more than 200 countries and regions around the world to view detailed Radio Spins insights. Easily see which radio stations are giving artists the most airtime, which songs receive the most plays, and which artists are on the rise on the airwaves.
Source: Apple Music
3rd-party apps are now available on AltStore PAL
3rd-party apps are here! AltStore PAL 2.1 is now available with our first “Recommended Sources”
Update now to install apps you can’t find anywhere else!
Source: AltStore