Music Industry News – Spotify & Megaphone / Twitch to license music / Tencent subscribers up by 10%

Spotify is set to buy podcast advertising and publishing platform Megaphone for $235 million in cash. Together, according to the press release, the two will make Streaming Ad Insertion available to third-party podcast publishers for the first time. Spotify launched Streaming Ad Insertion officially in January.

Twitch told its streamers in a blog post on Wednesday that they must stop playing recorded music on their streams (unless it’s officially licensed). The Amazon-owned live-streaming platform also added that it is “actively speaking with the major record labels about potential approaches to additional licenses that would be appropriate for the Twitch service.”

According to Tencent Music Entertainment’s third-quarter earnings release, the Chinese music-streaming company lost just 0.8% of subscription revenue while gaining 4.6 million subscribers, a 9.8% increase from the previous quarter. Music monthly active users (MAU) fell 2.3% to 646 million, down from 661 million in the prior-year period.

Random Ramblings
Created by Steven Tyler, philanthropic initiative Janie’s Fund celebrates its 5th anniversary with “Raising Their Voices”.
Raising Their Voices:

PodBean Podcast:

#Spotify #Podcast #Megaphone #Twitch #TencentMusic #Exporation #TheMusicIndustryNews

You can view the original video HERE.

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