SONO Industry Update: Spotify’s Global Price Strategy Boosts Value and Rightsholder Returns

**SONO Industry Update: Spotify's Global Price Strategy Boosts Value and Rightsholder Returns** Article Image

Spotify’s Global Price Hike: A Strategic Win for Rightsholders and Investors Spotify is making waves with its recent decision to raise individual Premium subscription prices across various international markets. This bold move has garnered widespread approval, giving a significant boost to the company’s stock value, as evidenced by a 5% uptick that added billions to […]

SONO Music Updates: TikTok’s Strategic Growth, Spotify’s Market Challenges, and New Frontiers in Music Engagement

**SONO Music Updates: TikTok's Strategic Growth, Spotify's Market Challenges, and New Frontiers in Music Engagement** Article Image

TikTok Expands Influence with YouTube Music Integration, Amplifying Artist Reach In a bold stride towards redefining music consumption, TikTok has added YouTube Music to its “Add to Music App” feature, which already includes giants like Spotify, Apple Music, and SoundCloud. This enhancement allows users to instantly transfer songs they discover on TikTok to their streaming […]

SONO Music Updates: Embracing the Global Music Renaissance Through Cultural Exchange

**SONO Music Updates: Embracing the Global Music Renaissance Through Cultural Exchange** Article Image

Charting New Territories: The Global Music Revolution Beyond Borders The music industry is undergoing a vibrant transformation as global and regional diversity take center stage. With non-English language music making significant strides, streaming platforms and increased label investments are playing pivotal roles in this evolution. This surge of “glocalisation,” where regional music scenes captivate international […]

SONO Music Updates: Music Industry Rallies Behind RAP Act to Safeguard Artistic Freedom

**SONO Music Updates: Music Industry Rallies Behind RAP Act to Safeguard Artistic Freedom** Article Image

Music Industry Unites in Support of RAP Act, Championing Artistic Freedom The U.S. music industry is rallying together to support the Restoring Artistic Protection (RAP) Act, a significant legislative effort aimed at safeguarding artistic expression. Spearheaded by Representatives Hank Johnson and Sydney Kamlager-Dove, the RAP Act seeks to curtail the use of rap lyrics as […]

SONO Music Insights: Can Superfan Tiers Revitalize Streaming’s Stagnant Growth?

**SONO Music Insights: Can Superfan Tiers Revitalize Streaming's Stagnant Growth?** Article Image

The Future of Streaming: Will Superfan Tiers Save Us from the Slowdown? The narrative of streaming as the savior of recorded music is well-known, but what happens when growth begins to wane? In 2024, global recorded-music revenues grew by 4.8%, a noticeable dip from 10.2% in 2023. The slowdown is even more pronounced in the […]

SONO Music Updates: TikTok Empowers Songwriters, Industry Tackles Streaming Fraud, and Spotify Questions AI Music

**SONO Music Updates: TikTok Empowers Songwriters, Industry Tackles Streaming Fraud, and Spotify Questions AI Music** Article Image

TikTok Amplifies Songwriter Voices with Innovative Features TikTok is taking a significant step forward in music discovery by introducing ‘Songwriter Features,’ a new set of tools empowering songwriters to create profiles and showcase their work through a dedicated Songwriter Tab. Currently in beta mode, and developed in collaboration with industry giants like Warner Chappell, Kobalt, […]