Elevating Brands的动态

New analysis from Omdia has revealed that Spotify overtook Universal Music Group (UMG) to become the biggest music industry company in market capitalization terms in the second quarter of 2024. According to the Omdia’s Music Industry Sharewatch, 2Q24, Spotify’s market cap at the end of June stood at $62.5bn compared with $53.7bn for UMG. Spotify’s market cap increased 18.2% from $52.8bn at the end of the first quarter, while UMG’s edged down 1.5% from $54.5bn. For the full release and a few more details follow the link. https://lnkd.in/dC_DxTYn

Spotify announced that it paid $10 billion to the music industry in the past year, bringing its total payouts since inception to nearly $60 billion. This disclosure aims to counter claims that the platform does not adequately compensate artists for their work. By highlighting these figures, Spotify seeks to reinforce its commitment to supporting the music industry and addressing concerns regarding artist remuneration.Spotify says it paid $10 billion to music industry last year

Have shifts in strategy equated to shifts in market share in the music industry? I’m gonna sink my teeth into this article from Omdia and see if I can find a pattern that tells. Keith Kirk MA, BSc (Hons), what do you think about this? #music #marketshare

── Spotify passes Universal Music Group as the world’s most valuable music company. I'd be happy to help with that! Here's the revised text: This giant Trojan Horse ? (Spotify) has a significant influence that could exploit the new generation of artists. This might be a bad thing. Unfortunately, individual artists may not have the power to make a move that can benefit the entire ecosystem, unless they speak as one. I'm keeping a close eye on this topic. According to Omdia’s Music Industry Sharewatch, 2Q24, Spotify’s market cap is $62.5B compared with UMG‘s $53.7B. Spotify’s market cap increased 18.2% from $52.8bn at the end of the first quarter, while UMG’s edged down 1.5% from $54.5bn.

According to new analysis from Omdia, Spotify has increased its market share of the leading music companies’ combined market capitalization in the third quarter of this year.?After overtaking UMG to become the biggest music industry company in the second quarter, Omdia’s Music Industry Sharewatch, 3Q24 has revealed that Spotify’s market share of the 28 companies tracked ended September at 32.9%, up from 28.7% at the end of June. Spotify’s market cap over the three-month period increased, to $72.2bn from $62.5bn. UMG remained in second place, but the company’s market share was down, to 21.8% from 24.7%. For the full release and a few more details follow the link. https://lnkd.in/eikZwseS

For the first time ever, Spotify has released our annual Loud & Clear report in Denmark, revealing a highly positive trend in the music industry. * In 2023, Danish artists generated over 311 million DKK in royalties from Spotify alone. This is an increase of more than 75% since 2017 * 111 artists generated more than 500,000 DKK each from Spotify in 2023. The amount of artists has grown over 60% since 2018 * The number of Danish artists that has generated more than 500.000 DKK in royalties from Spotify alone has increased over 60% since 2018. *38% of all royalties generated by Danish artists in 2023 were from independent artists or independent labels. * Almost 45% of all royalties generated by Danish artists on Spotify in 2023 came from listeners outside Denmark.

According to new analysis from Omdia, Spotify increased its market share of the leading music companies’ combined market capitalization in the final quarter of 2024. After overtaking UMG to become the biggest music industry company in the second quarter, Omdia’s Music Industry Sharewatch, 4Q24 has revealed that Spotify’s market share of the 28 companies tracked ended December at 38.3%, up from 32.9% at the end of September. Spotify’s market cap over the three-month period increased, to $90.4bn from $72.2bn. UMG remained in second place, but the company’s market share was down, to 19.8% from 21.8%. Third-placed Live Nation saw its share edge up, to 12.6% from 11.6%.

In a significant shift within the music industry, Spotify has surpassed Universal Music Group (UMG) to secure the top position in market capitalization, as reported in Omdia's latest second quarter review. This analysis highlights Spotify's growing influence and leads in the digital music space, demonstrating the platform's ability to adapt and expand in a highly competitive environment. This milestone marks a crucial moment for both Spotify and the broader music industry, emphasizing the ongoing evolution of music consumption and distribution. Read more: https://lnkd.in/gwnVpxe4

Spotify's Loud & Clear report reveals the platform's significant impact on Canadian music. Key highlights include: -Canadian artists were discovered 3.8 billion times on Spotify last year -Royalties generated by Canadian artists exceeded $435 million CAD, more than doubling since 2018 -92% of these royalties were from listeners outside Canada -The number of Canadian artists earning over $50,000 CAD and $100,000 CAD from Spotify has more than doubled since 2017 -Independent artists or labels generated 40% of all royalties -Royalty growth from Spotify (15%) outpaced overall music industry revenue growth (12%). Check out the write up in Media in Canada about it here: https://lnkd.in/gbqnEv3U

“The amount of royalties generated by European Union artists on Spotify has tripled in the past six years, and listeners’ tastes are becoming increasingly local. So says Spotify’s inaugural European Union-focuded Loud & Clear report, which for the first time breaks down Spotify listener and royalty data specifically for the European Union. The report found that, in 2023, European Union artists generated almost EUR €1.5 billion (USD $1.62 billion at the average exchange rate in 2023) in royalties on Spotify’s platform, a 16% YoY increase, and triple the number six years earlier, in 2017. The report also found that listeners’ tastes are becoming increasingly local, with 44% of the royalties generated in the EU going to EU artists. Spotify says that’s the highest percentage since it started tracking this data in 2017.” - Read on: #Spotify #Streaming #Songwriters #StreamingRoyalties #Royalties #MusicTracks #MusicStreams #Music #MusicBusiness #Musica #MusicIndustry #Musique #Musik #MusicBiz #Europe #EuropeanUnion #Germany #France #Canada #Brazil