Spotify’s main competitors – it along with Apple Music, Amazon Music, and YouTube Music collectively account for the vast majority of music streaming subscribers in the States – haven’t been as brazen in adopting bundles. But as demonstrated by publisher royalty statements shared with and vetted by DMN, they also rely heavily on multi-product packages. For YouTube Music, the fourth-largest on-demand music platform in the U.S. by paid users, that refers to the estimated 72.99% of subscribers who access the service via a bundled plan.
Source: An Estimated 73% of YouTube Music Subs Use Bundled Plans
Microsoft has relinquished its seat as an observer on the board of ChatGPT maker OpenAI, as regulators on both sides of the Atlantic scrutinize the partnership between the tech giant and the artificial-intelligence startup. In a letter sent Tuesday to the AI company led by Sam Altman, Microsoft said it resigned with immediate effect because it believed OpenAI’s board had gained stability, meaning Microsoft’s involvement was no longer necessary.
“Most people know Sesac as a US-based performing rights organization. But, over the last eight years, we’ve acquired eleven companies and organically grown and broadened our business model…” That’s John Josephson speaking: the CEO who has overseen Sesac Music Group’s expansion into an organisation with three new business lines alongside its traditional business, and operations in territories well beyond the US.
Throughout its history, the publishing industry has always needed a boogeyman to represent new developments threatening the good old way of doing things. “Barnes & Noble was that for a while because it was a chain and because they had centralized bookselling,” says Boris Kachka, author of Hothouse: The Art of Survival and the Survival of Art at America’s Most Celebrated Publishing House. “Then Amazon became the big bad guy, and Barnes & Noble looked old-school all of a sudden.”
