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Spotify enters the virtual concert business, starts selling $15 tickets to events
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Spotify is hosting virtual, prerecorded concerts starting in May.
Spotify is entering the virtual concert business, just as in-person concerts are becoming more of a possibility. The company announced today that people can now buy tickets to five different concert streams, which will air throughout May and June. Initial artists include The Black Keys, Jack Antonoff of Bleachers, and Leon Bridges. The streams all are prerecorded but can only be viewed at a given time through the web browser. The shows aren’t available on demand, and they aren’t accessible through the Spotify app.
Spotify Turns 15 – My How You’ve Grown!
As the streaming giant celebrates its 15th birthday, Fred Jacobs looks back on how Spotify has been able to grow and adapt to keep up with an ever-changing music economy.
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As birthdays go, your 15th is not one of the big ones. That’s reserved for your “Sweet 16,” turning 21, and then all those birthdays that end with a “0.”
Those are the ones you remember.
But we should be paying attention to Spotify’s recently celebrated birthday – “the big 1-5” – because it should serve as a reminder to all of us in media – specifically, audio – that it’s not just about having that one great idea. It’s about innovating – with a vengeance – every damn day of your existence.
How completely has streaming transformed the music world? The platform rose from 7% of the US market in 2010 to a whopping 83% by the end of 2020 – and recorded-music revenues saw their fifth consecutive year of growth, topping US$12.2bil (RM50.37bil), per the RIAA. AFP Relaxnews
LOS ANGELES: Ask any executive what the music business was like in the ‘00s and their face may take on an expression more commonly associated with narrowly averted disasters like car accidents or, more accurately, attempted robberies.
Due to peer-to-peer file-sharing platforms like Napster and Limewire, US recorded-music revenues lost more than half their value in the early years of the 21st century, falling precipitously from an all-time high of US$14.6bil (RM60.29bil) in 1999 to US$6.7bil (RM27.67bil) in 2014 and 2015 (according to the Recording Industry Association of America or RIAA) as songs transitioned from being sold on a physical object like a CD or vinyl to becoming a sound file that could
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