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Spotify Pays Record $10 Billion in Royalties in 2024: A Milestone for the Music Industry

Spotify has reached a groundbreaking milestone in 2024, revealing that it paid out a record $10 billion in royalties to the music industry. This achievement highlights Spotify’s significant role in the global streaming landscape, underscoring its continued growth and influence. David Kaefer, Vice President of Spotify’s music and audiobook businesses, shared this milestone in a recent blog post,…

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Amazon Music & Apple Music Are Leading the Pack in Per-Stream Royalties, Leaving Spotify Behind

‎In a new report from Duetti, it’s clear that when it comes to per-stream royalties, Amazon Music and Apple Music are far outpacing Spotify. According to Duetti’s second-annual Music Economics Report, indie artists are receiving a much higher payout on these platforms, with Amazon Music paying $8.80 per 1,000 streams and Apple Music offering $6.20, compared to Spotify’s much lower $3.00. ‎This…

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Diddy Files $50 Million Defamation Lawsuit Amid Sex Trafficking Charges

Sean “Diddy” Combs is no stranger to legal battles, but his latest lawsuit is taking an unusual turn. In a twist that has captured the attention of the media, Diddy has filed a $50 million defamation suit against Courtney Burgess and Ariel Mitchell, accusing them of spreading “outrageous lies” and “wild conspiracy theories” about him. This lawsuit comes at a critical time as Diddy faces serious…

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‎Music AI Raises $40 Million to Revolutionize Music Creation with Ethical AI Technology

‎Music AI, the innovative company behind the popular Moises platform, has successfully raised $40 million in a Series A funding round, propelling its mission to revolutionize the music industry with cutting-edge AI technology. The round was led by Connect Ventures and monashees, with additional support from prominent investors like Kickstart, Samsung Next, Toba Capital, Valutia, and Pelion, along…

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Zari Hassan's Dream Cast for Netflix's "Young, Famous & African" Reality Show

Zari Hassan, the Ugandan socialite and business mogul, has a keen eye for talent, and when it comes to the popular Netflix reality show,Young, Famous & African, she has some intriguing ideas about who would make an exciting addition to the cast. ‎Zari has expressed a strong desire to see Tanzanian singer Zuchu on the show, highlighting her incredible potential as a good actress. According to…

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Social Media Platforms Rush to Release New Features to Compete with TikTok

In a competitive race to capture the attention of video content creators and users, several social media platforms—Instagram, X (formerly Twitter), and Bluesky—have announced the launch of new features and apps aimed at enhancing video editing and sharing capabilities. Instagram, owned by Meta, has introduced a new video-editing platform called Edits, designed to compete directly with CapCut, a…

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Supreme Court Upholds TikTok Ban

The Supreme Court has officially upheld the TikTok ban, affirming that the law does not violate the First Amendment. In its unanimous per curiam decision, the Court found that the forced-sale requirement was not an attempt to target TikTok’s content but was instead grounded in national security concerns. The Court stated, “The prohibitions, TikTok-specific designation, and divestiture requirement…

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Donald Trump rescues TikTok Ban

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The 67th Annual Grammy Awards: Will Wildfires in Los Angeles Force a Delay?

As the music world eagerly anticipates the 67th Annual Grammy Awards, scheduled for February 2, 2025, questions are swirling about whether the event will be postponed due to the ongoing wildfires that are wreaking havoc across Los Angeles. With the prestigious ceremony set to take place at the Crypto.com Arena in downtown LA, the devastation caused by the fires has cast a shadow over what is…

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Guitar Center Steps Up to Support Musicians and Music Education Programs Affected by Los Angeles Wildfires

In the wake of the devastating wildfires that have ravaged Southern California, Guitar Center is offering a crucial lifeline to the city’s music community. The retailer is extending a helping hand to musicians and music education programs in Los Angeles that have had their instruments and gear destroyed or damaged in the recent fires. Through its Guitar Center Music Foundation, the company is…

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Peloton Pays More to Artists Than Spotify, Apple Music, and YouTube Combined

When it comes to per-stream payouts, Peloton is emerging as an unexpected leader in the music streaming world, outpacing giants like Spotify, Apple Music, and YouTube. While Peloton isn’t a mainstream player in the digital music streaming industry, its royalty rates offer indie artists a much better deal. According to Digital Music News, Peloton’s per-stream payout rate in 2021 was an impressive…

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Sonos CEO Patrick Spence Resigns After App Debacle

Sonos CEO Patrick Spence is stepping down following a disastrous launch of the company’s revamped app, which left long-time customers frustrated and angered. The app, released in May 2024, was plagued with missing features and serious functionality issues, sparking a wave of negative feedback from Sonos users. The outrage, particularly on platforms like the r/Sonos subreddit, led to the company…

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Mr Beast's Bold Move for TikTok's Future

In the ever-evolving world of social media, one name stands out as a game-changer: Mr.Beast, the American YouTuber known for his viral challenges and philanthropic stunts. Recently, Mr Beast (whose real name is Jimmy Donaldson) revealed a surprising interest in buying TikTok, the popular short-form video platform that has faced increasing scrutiny and threats of a ban in several countries,…

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Wildfires Force Cancellations of Major Events Across Los Angeles

‎Historic wildfires fueled by strong winds are ravaging Los Angeles, leading to the cancellation of several high-profile live events at venues like the Kia Forum, Intuit Dome, and Walt Disney Concert Hall. ‎The fires have claimed five lives, destroyed over 1,300 structures, and forced 180,000 people to evacuate. According to CBS News, three of the five major fires—the Pacific Palisades and Eaton…

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Tik Tok to shut down this January

The Supreme Court is set to hear arguments on January 10 regarding the looming TikTok ban scheduled for January 19. TikTok has warned that unless the Court intervenes, the platform may shut down in the United States, leaving over 170 million monthly users without access. In a legal filing, TikTok stated, “Absent such relief, that would shut down TikTok—one of the nation’s most popular speech…

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The rise, fall and comeback of Vybz Kartel

Vybz Kartel, born Adidja Azim Palmer, is a name synonymous with innovation and influence in the world of dancehall music. His early performances were a clear testament to his lyrical genius and his potential to become one of the genre’s most iconic figures. In the beginning, Kartel honed his skills at local community events and sound clashes, where his sharp wit and creative wordplay quickly set…

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Nicki Minaj facing criminal charges

Nicki Minaj may soon face criminal charges following allegations made by her former manager, Brandon Garrett, in a recent lawsuit. According to TMZ, the Detroit Police Department has submitted a warrant request to the Wayne County Prosecutor’s Office. Prosecutors are currently reviewing the case to decide whether charges should be filed against the rapper. The allegations stem from an incident…