Cash-flush global streamers are bound to play a crucial role for Europe’s indie producers as they pick up the pieces and try to bounce back in the wake of the coronavirus outbreak. But while it’s great to have new resources to turn to, there are also deep-seated fears.
Microsoft said it is shutting down its live-streaming service Mixer and working to move its community of broadcasters and viewers over to Facebook. The move puts an end to Microsoft’s more-than-three-year battle for market share with the biggest names in the technology industry, including Amazon.com Inc.’s Twitch, Google’s YouTube and Facebook’s gaming unit.
Spotify remains the standout leader in terms of subscribers with 32% market share. Spotify’s market share has remained between 32% and 34% every quarter since 2015. This is some achievement given how much more competitive the market has become in that time, and the stellar growth of Amazon. Spotify’s growth is both an extension of the wider market and a driver of it.
Former National Security Advisor John Bolton will release his controversial memoir later this week but it’s already circulating on various pirate sites. The leaks appeared shortly after the US failed to have the book banned by the courts. Publisher Simon and Schuster are happy with this decision but now has its hands full sending takedown requests to stop tens of thousands of people from accessing it illegally.
ISP Charter Communications is accusing several major record labels of having violated the Colorado Consumer Privacy Act. The music companies allegedly sent copyright infringement notices for tracks they didn’t own the rights to, resulting in false accusations against subscribers. While the record labels don’t deny that mistakes were made, they argue that Charter’s claims don’t hold up in court.
The value of the broadcast rights for Germany’s top league, the first major European soccer deal agreed upon since the health crisis, fell amid concerns about the lasting damage to the global economy. The sale, which covers four years, starting with the 2021-22 season, generated less than the record 4.6 billion euros ($5.1 billion) the Bundesliga earned under its current agreements.
Since paying $100 million for the exclusive rights to the ‘Joe Rogan Experience,’ Spotify’s market valuation has grown by over $13 billion. For Spotify, the tremendous financial impact of the Joe Rogan Experience is indicative of investors’ considerable confidence in the high-growth podcasting segment, which has attracted millions of stateside and international fans in recent years.
The 93-artist consortium will provide perspective and advisory input, as well as support for the awareness of key issues that face content creators today. Those named include Jason Isbell, Bette Midler, Cassandra Wilson, Duke Fakir, Elvis Costello, Emmylou Harris, T Bone Burnett, Sheryl Crow, Keb’ Mo’, Steve Earle, and Joan Osborne.
AMC Theatres has reversed course and will require all of its guests to wear masks when it reopens next month. The about-face comes after AMC chief Adam Aron spurred a deluge of criticism and controversy when he told Variety that mask-wearing would be encouraged but not mandated in states where it was not a requirement.
Leading concert promoter Live Nation has revealed that it will dramatically lower artist payouts in 2021 due to the COVID-19 pandemic’s financial fallout. Because of the coronavirus’s effects, Live Nation “must adequately account for the shift in market demand, the exponential rise of certain costs, and the overall increase of uncertainty that materially affects our mission,” per the memo.