Music
According to a recent Midia Research study, streaming subscriptions grew by 26.4% worldwide in Q2 2021. Additionally, although Spotify had the highest market share among streaming services with 31%, YouTube Music showed the highest growth in the West by more than 50% during the 2020-to-2021 Q2 period.
The CRB is expected to have new proposed streaming royalty rates by the end of this year, which will determine how much digital music services like Apple Music and Google must pay songwriters and music publishers for their work through 2027. The proposed rates for 2018 to 2022 are currently still under review by copyright judges after being overturned by the federal appeals court in August 2020.
YouTube is considering adding “smart downloads” to its youtube.com/new hub, where it will detect when users are connected to wi-fi and use that connection to download up to 20 recommended videos per week to their device. This feature is already available to Premium YouTube Music subscribers.
Exploration: exploration.io/exploration-weekl…-smart-downloads/
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#YouTubeMusic #WesternDSP #CRBstreamingRoyaltyRate #YouTubeSmartDownloads #MusicIndustryNews #ExplorationWeekly
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