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Spotify and Apple Music bosses to address DCMS streaming inquiry


Spotify and Apple Music bosses to address DCMS streaming inquiry
They will address the concluding session of the inquiry
Spotify. CREDIT: Getty Images
Senior bosses from streaming platforms such as Spotify, Apple and Amazon are set to appear before MPs next week in the concluding session of the inquiry into the economics of music streaming.
The inquiry has been looking into the financial impact of streaming on artists, with musicians such as Radiohead’s Ed O’Brien, Elbow’s Guy Garvey and Nadine Shah telling MPs that unfair streaming payments were “threatening the future of music” during the first hearing in November. ....

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Gary Numan says he was paid £37 from a million streams


Gary Numan says he was paid £37 from a million streams
The streaming companies should pay more money
Gary Numan. CREDIT: Stefan Hoederath/Redferns
Gary Numan has revealed that a million streams of one of his songs saw him receive a pay out of £37.
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Numan hasn’t appeared at the inquiry, but gave his thoughts on the revenue from streaming – putting the figures into context.
“The solution’s simple,” he told
Sky News. “The streaming companies should pay more money. They’re getting it for nothing.
“I had a statement a while back and one of my songs had had over a million plays, million streams, and it was £37. I got £37 from a million streams.” ....

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Spotify hits new all-time high on the New York Stock Exchange


Spotify hits new all-time high on the New York Stock Exchange
The streaming giant s value rose to roughly $66.1 billion this week
Spotify. CREDIT: Spencer Platt/Getty Images
Spotify stock has hit a new all-time high on the New York Stock Exchange this week.
On Friday (January 8), the streaming giant’s stock reached $354.60, and closed at $353.48, up 7% from the closing price the day before and up 12.2% for the week. At Friday’s high, Spotify’s value rose to roughly $66.1 billion.
According to market data company Refinitiv (via
Billboard), Spotify’s stock is valued way above what many analysts have assessed it to be worth. The median analyst price target lists the DSP’s stock at $299.46, which is 15.6% below Friday’s high price. ....

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