The Spotify banner hangs from the New York Stock Exchange on the morning that the music streaming service begins trading shares, on April 3, 2018 in New York City. The question now is: Where to? The Spotify banner hangs from the New York Stock Exchange on the morning that the music streaming service begins trading shares, on April 3, 2018 in New York City. The question now is: Where to? Following its successful public listing yesterday, the music streaming service Spotify is now worth around $25 billion, making it the largest music company in the world -- but when Spotify first débuted, back in 2008, it was reasonable to think it would fail.
Taylor Swift, Paul McCartney and Kings of Leon are among the 160 artists and record labels that have signed a petition calling for a reform of the Digital Millennium Copyright Act (DMCA) - and hitting out at YouTube. The petition, organized by music manager Irving Azoff, says YouTube provided a'safe harbor' for copyright infringement under the current writing of the DMCA, which was enacted in 1998 before the advent of the video streaming service. The petition says it'has allowed major tech companies to grow and generate huge profits by creating ease of use for consumers to carry almost every recorded song in history in their pocket via a smartphone, while songwriters' and artists' earnings continue to diminish.' The petition, organized by music manager Irving Azoff, says YouTube provided a'safe harbor' for copyright infringement under the current writing of the DMCA. Artists includingTaylor Swift, Paul McCartney and Kings of Leon are among the 160 artists and record labels that have signed.
A'widely-used' algorithm on streaming services including Spotify is more likely to recommend songs by male musicians than female musicians, a new study finds. European researchers who analysed the listening habits of 330,000 people over nine years found only 25 per cent of the artists ever listened to were female. When they tested the algorithm they found, on average, the first recommended track was by a man, along with the next six, and users had to wait until song seven or eight to hear a song by a woman. Stats have already suggested female artists don't get as much exposure as male artists – the 2020 Spotify Wrapped statistics showed that the top five most streamed artists were all male, with similar trends across all categories. 'We showed a widely used recommendation algorithm is more likely to pick music by male than female artists,' said study author Dr Christine Bauer at Utrecht University in a piece for the Conversation.
Music has always been a big business for Apple (NASDAQ:AAPL). In creating iTunes and the iPod in the early 2000s, Apple was doing more than making a gadget -- it became the guardian of consumers' prized music collections. The iPod wasn't the first portable MP3 player, but it provided a superior user experience with its trademark white color and circular navigation wheel. Apple integrated the iPod tightly with iTunes and its macOS software, creating a music ecosystem. Music remained important at Apple with the 2014 acquisition of Beats Electronics, a headphone company, which brought with it music talent Dr. Dre and hit-making record producer Jimmy Iovine.