Marketplace

Netflix’s ‘Glass Onion’ $15M Opening Weekend: What It Means For Box Office &  Streaming 

The faltering of Disney Animation’s $135M production Strange World with a paltry $28M global start, and the bright spot of Netflix’s experiment with Knives Out 2 over the holiday has prompted questions about what’s ripe for streaming and what’s right for theatrical. The answer is both are ripe for theatrical, and Netflix is leaving massive monies on the table.

Source: Netflix Record $15M First Week Of ‘Glass Onion’: What It Means For Box Office, Streaming & How It Came To Be

NFTs Are Dead? Even in Bear Market, a Bored Ape Sells for Nearly $1 Million 

Spurred by FTX’s collapse and the resulting contagion spreading to other companies, the icy crypto bear market is only getting colder—and the NFT market has lost considerable steam since earlier this year. Even so, some “blue chip” Ethereum NFTs still command sizable prices, as evidenced by today’s sale of a Bored Ape for just shy of $1 million.

Source: NFTs Are Dead? Even in Bear Market, a Bored Ape Sells for Nearly $1 Million – Decrypt

Spotify Expands Audiobooks Into the UK – Catalog Tops 300K

Spotify launched audiobooks in the US in September, stating that the expansion was proof that “audio and long-form content is a much bigger business than many would have thought.” While audiobooks represent just a 6 to 7% share of the broader book market, the company says that the category is growing by 20% year-on-year.

Source: Spotify Expands Audiobooks Into the UK – Catalog Tops 300K

Fear for Your Media Megamergers: The Justice Dept. Is (Finally) Taking Action

Paramount’s blocked sale of Simon & Schuster marks an early win for an emboldened DOJ’s antitrust enforcement while a reported renewed look at Live Nation could be a worrying sign for media chiefs playing a scale game. “Anybody who is looking to do sizable M&As in the media sector where you’re going to lose a player should be concerned after this,” the head of a mid-major studio, speaking under the condition of anonymity, tells The Hollywood Reporter.

Source: Fear for Your Megamergers: The Justice Dept. Is (Finally) Taking Action

Deutsche Grammophon Launches Classical Music Streaming Service

Deutsche Grammophon, a division of Universal Music Group, announces the launch of STAGE+, a classical music subscription service that offers livestreams, an impressive video archive, and new audio releases on one platform. STAGE+ will be available as a mobile, web, and TV app for subscribers, with much of its video content offered in 4K and Dolby Atmos and Hi-Res Lossless audio “virtually indistinguishable from the original studio recording.” 

Source: Deutsche Grammophon Launches Classical Music Streaming Service

Z-Library Was a Lifeline for Students on Shoestring Budgets—Until the Feds Shut it Down.

While there are other ways to access pirated materials, Z-library is especially popular with college students and academics for several reasons. Now, the shutdown has left many students, particularly in the global south, scrambling for access to research and educational materials.

Source: Z-Library Was a Lifeline for Students on Shoestring Budgets—Until the Feds Shut it Down.

IFPI explores 2022’s music-listening trends in its new report 

Among its key stats: the average fan spends 20.1 hours a week listening to music, up from 18.4 hours in 2021. Also noteworthy: the claim that “63% of all time spent on short-form video apps are on videos where music plays a central role”. That clearly plays into the current grumblings from IFPI members about TikTok’s licensing deals.

Source: IFPI explores 2022’s music-listening trends in its new report – Music Ally

3LAU’s Royal Debuts Marketplace to Bring Music NFTs to the Masses 

Royal, one of the biggest names in the burgeoning music NFT space, has finally launched its long-promised marketplace for music royalty rights. The Royal marketplace pulls bid data and purchase history from top overall NFT marketplace, OpenSea, plus its dashboard aggregates streaming data from Spotify, Apple Music, Amazon Prime Music, Tidal, and SoundCloud Premium.

Source: 3LAU’s Royal Debuts Marketplace to Bring Music NFTs to the Masses – Decrypt

YouTube’s new Creator Music service just got a big upgrade 

YouTube is quadrupling the amount of licensed music that can be used in its short-form videos. Previously, Shorts snippets were limited to 15 seconds; now, that max has been extended to 30 seconds “for most tracks” and up to 60 seconds for some. Individual music publishers will decide whether to offer 15-, 30-, or 60-second chunks to creators.

Source: YouTube’s new Creator Music service just got a big upgrade – Tubefilter

Libraries Are Launching Their Own Local Music Streaming Platforms

If you’re fed up with streaming behemoths like Spotify, there’s now another place you can go to discover new music: your local library. Over a dozen public libraries in the U.S. and Canada have begun offering their own music streaming services to patrons, with the goal of boosting artists and local music scenes. The services are region-specific, and offer local artists non-exclusive licenses to make their albums available to the community.

Source: Libraries Are Launching Their Own Local Music Streaming Platforms

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