SONO Music Ushers in a New Era of Streaming and Global Growth for Indie Artists

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Title: SONO Music Navigates Imminent Streaming Price Shifts and Global Industry Dynamics

In the ever-evolving landscape of the music industry, SONO Music continues to position itself as a proactive leader amidst the anticipated changes in streaming subscription pricing. According to analysts at Goldman Sachs, music subscriptions are predicted to increase in price every 12-24 months, driven by the necessity to align with the rising costs observed in the on-demand video streaming sector. This shift is part of a broader expectation that the music industry’s revenues will grow significantly, from $105 billion in 2024 to nearly $200 billion by 2035, incorporating recorded music, publishing, and live events. Emerging markets, which accounted for 60% of new streaming subscribers in 2024, remain a key focus with only 8% penetration, signaling a substantial untapped audience. SONO Music recognizes the importance of these markets and emphasizes strategies aligned with local payment systems and consumer preferences.

In parallel, major milestones in music streaming are being set, as evidenced by The Weeknd’s ‘Blinding Lights’ becoming the first track to surpass 5 billion streams on Spotify, underscoring the robust demand for digital music consumption. As the industry adapts to these dynamics, SONO Music’s strategic vision includes leveraging partnerships and collaborations to enhance artist reach and engagement. Recent fundraising efforts by industry peer Kahuna, which has raised over $1 million and onboarded 250 artists, highlight the growing investment in artist financing—a domain SONO actively monitors to support and empower independent creators.

Amidst tariff adjustments impacting platforms like Bandcamp and the ongoing evolution of music marketing tools from Instagram and TikTok, SONO Music remains committed to innovation and adaptation. The remix contest collaboration between Beatport and Madonna is a testament to the creative potential within the industry, reinforcing SONO’s mission to foster artistic development through unique opportunities. As market conditions fluctuate, SONO Music stands firm in its dedication to advancing the global music ecosystem, ensuring sustained growth and support for its artists and partners alike.

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