Spotify Reaches 150 Million Listeners & 65 Million Subs, BMI Distributes More Than $1 Billion in Music Royalties, Vevo Expects 30% Growth

  Spotify Reaches 150 Million Listeners & 65 Million Subs – Spotify has crossed a massive milestone: 160 million active users worldwide. It’s also rapidly approaching 65 million paying subscribers.  Spotify is aiming to reach 75 million paying subscribers by year end.  The global proliferation of mobile phones as the preferred consumer choice for music…

Why Pay $1,000+ for an iPhone? The Answer is Music.

  Today’s Apple Special Event is expected to unveil the monumental 10th anniversary iPhone X, which will undoubtedly dominate the business/technology news cycle.    The real news is how Apple will convince users to spend $1,000+ for a new phone… And the answer is music! Here’s How Apple Will Convince You to Send $1,000 on…

SONGS Music Publishing on Sale for $160+ Million, China’s Two Largest Tech Companies Sign Deal for Western Music, Jay-Z’s Tidal Now 3rd in App Store Revenue for Music Apps

  SONGS Music Publishing on Sale for $160+ Million – The indie music publishing is home to popular songwriters Lorde, the Weeknd, and Diplo among others. SONGS produced $8 million in net publishing royalties, which in typical times would carry a 12x multiple, equal to 95 million.  In today’s red-hot market however, music catalogs are…