Music streaming services have continued to add U.S. subscribers this year, according to MIDiA Research, growing by 11 million paying users from January to September, to 117.9 million. But in a potentially troubling sign for the recorded music business, the number of total streams has remained the same.
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Thursday, December 24, 2020
Can Music Keep Up in the Attention Economy?
Music streaming services have continued to add U.S. subscribers this year, according to MIDiA Research, growing by 11 million paying users from January to September, to 117.9 million. But in a potentially troubling sign for the recorded music business, the number of total streams has remained the same.
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Media companies have launched direct-to-consumer video services to compete with Netflix. All of them have been following category leader Netflix with global expansion and investing billions of dollars in content.
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Will Amazon Buy MGM Film Studio?
Amazon is reportedly in talks to buy MGM, the vaunted film studio that was a staple of Hollywood's Golden Age. A tie-up would give the tech firm a big brand to wield as competition in streaming grows fiercer by the day.
MGM's iconic logo of a roaring lion has played before tons of classic films, including the "James Bond" series, and the studio could be valued at between $7 billion and $10 billion.
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Netflix Prices Set To Rise
Netflix is raising monthly fees for its U.S. subscribers by between 13 percent and 18 percent, the video streaming pioneer's first price increase since 2017 as it spends heavily on original content and international expansion.
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An Apple executive has officially announced that all iTunes MP3 music downloads will be terminated by early 2019. Apple Music executive and Beats creator Jim Iovine announced today that paid downloads on the iTunes platform will be phased out in an attempt to shift users toward Apple Music's online streaming.
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Jennifer Lopez's Netflix Movie Hits Streaming Milestone
Jennifer Lopez has set a 2023 streaming record for Netflix movies after the success of The Mother. The action-thriller landed the biggest opening of the year so far for a Netflix movie.
During the May 8-14 viewing window, it was watched for 83.71 million hours, which is particularly impressive when you consider it was only released on May 12. Per Variety, the movie also took the number one movie slot in 82 countries.
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Get the FOXNOVO Sound Card for your Studio
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Have You Started Streaming #DisneyPlus Yet?
Disney+ is the home for your favorite movies and TV shows from Disney, Pixar, Marvel, Star Wars, and National Geographic.
I started streaming Disney Plus because of my newborn daughter. It carries all her favorite shows such as Mickey Mouse and Bluey. Most of all, it had all my favorites from Marvel such as Avengers and Thor.
Disney+ gives you endless access to all the Marvel movies and TV. Disney Plus, Hulu and ESPN Plus are bundled together in a $13.99 per month package, which saves you $5.83 per month. The devices it supports are: Roku, Amazon Fire, Chromecast, PS4, Xbox One, iPhone, iPad, Apple TV, Android and Chromebooks.
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"Old Town Road" Remains At #1
It's safe to say that Lil Nas X's "Old Town Road" is the biggest hit of the year, and he recently showed off the streaming numbers to prove it. The hit song has five of the biggest streaming weeks in the U.S. this year.
The news comes as "Old Town Road," which features Billy Ray Cyrus, remains at the top of the Billboard Hot 100 chart for the sixth consecutive week. The song also returned to #1 on Digital Song Sales for a fourth week.
Last month, it was revealed that "Old Town Road" broke Drake's streaming record. Drake previously held the record for 116.2 million streams for "In My Feelings," which Lil Nas X smashed with 143 million streams for the week of April 20.