News

OVER HALF OF TIKTOK’S BIGGEST GLOBAL TRACKS OF THE SUMMER ARE INDEPENDENTLY DISTRIBUTED

The onward march of the ‘middle class’ of indie artists has been one of the music industry’s biggest talking points this year.

This trend was highlighted in recent months by Luminate stats showing that indies are nibbling into the majors’ streaming market share.

We also told you about K-Pop giant HYBE’s plans to launch an artist services business in the United States, citing “growing demand for change in the traditional business structure in the US market due to its fragmentation”.

Now we’ve discovered that more than half (60%) of the Top 10 songs globally on social media giant TikTok this summer were independently distributed.

On Monday (August 19), TikTok revealed its Top 10 Songs of the Summer for the US and globally. According to the platform, the songs are ranked “by total creations over Summer 2024.”

Below, you will find the Top 10 songs globally (as ranked by creations) on TikTok this summer, and the companies those tracks were released by. You can see the full Top 10 US Songs of the Summer list here.

WILL.I.AM LAUNCHES AI-POWERED RAIDIO.FYI THAT TURNS RADIO INTO INTERACTIVE EXPERIENCE

Music icon and tech innovator will.i.am has unveiled a new platform that reimagines radio for the digital age, injecting artificial intelligence into the traditional radio format.

Developed by will.i.am’s creative technology company FYIRAiDiO.FYI goes beyond traditional radio by offering an interactive and conversational experience. Unlike streaming services with AI DJs or playlists, RAiDiO.FYI offers a two-way dialogue between listeners and the platform’s AI personas.

AI personas act as personalized news curators, gathering and delivering the information that users want in real time. Users can choose from a variety of AI personalities, each with a distinct voice reflecting different cultures, from the vibrant streets of South Los Angeles to the underground scenes of East London and beyond.

BEATPORT LAUNCHES TWITCH CHANNEL AS PLATFORM INTRODUCES DJ PROGRAM

Beatport, an online store focused on electronic music and DJ culture, has teamed up with Twitch to launch its own channel to support the DJ community.

The move comes over two months after Amazon-owned Twitch, known for livestreaming video games and esports, introduced its new DJ Category, allowing DJs to legally play music in their livestreams on the platform. As part of that launch, Twitch partnered with all three music majors, Universal Music Group, Warner Music Group, and Sony Music, and a large number of independent labels via Merlin.

Beatport’s Twitch channel will feature exclusive live sets from DJs in iconic locations worldwide, including rooftop performances in Barcelona, beach festivals in Ibiza, and intimate sessions from the Beatport London headquarters.

25% OF MUSIC PRODUCERS ARE NOW USING AI, SURVEY SAYS – BUT A MAJORITY SHOWS STRONG RESISTANCE

A quarter of music producers are now using AI in their craft – although a significant majority show signs of resistance to the technology, over fears of losing creative control.

That’s according to a survey from Tracklib, a platform that provides licensed samples and stems for use in music production.

The survey found that 25% of producer respondents are now using AI in the creation of music, although a large majority of those (73.9%) use it primarily for stem separation. Less than half (45.5%) use it for mastering and EQ plugins, while much smaller percentages use it for generating elements to use in songs (21.2%), and very few use it to create entire songs (3%).

STREAMING FRAUD COSTS THE GLOBAL MUSIC INDUSTRY $2BN A YEAR, ACCORDING TO BEATDAPP. NOW IT’S PARTNERING WITH BEATPORT TO COMBAT THE TREND

According to Beatdapp Software, a music data tracking firm that describes itself as a “leading authority in fraud detection,” streaming fraud takes around $2 billion out of artists’ royalties per year, distributing that money to the owners of low-quality content designed to skim cash from streaming revenues.

“No one notices that a few pennies are going to this song and a few pennies are going to that song but, in aggregate, they can steal billions of dollars,” Beatdapp co-CEOs Andrew Batey and Morgan Hayduk told Sky News recently. That money would have gone to real artists that would have been used to pay out managers and agents and lawyers, labels, distributors. But instead it’s syphoned off and it goes to professional scammers who are just stealing from the industry.”

AMUSE LAUNCHES ‘STREAM CHECK’ FEATURE TO LET ARTISTS KNOW IF THEIR MUSIC IS BEING USED IN STREAMING FRAUD

Music distributor and artist services company Amuse has unveiled ‘Stream Check,’ a new feature that lets artists know if their streams are being artificially inflated through streaming fraud.

“While there are plenty of bad actors who systemize streaming fraud, artificial streaming can also happen to artists who haven’t done anything at all,” said Erik SöderblomAmuse’s Interim Chief Product Officer.

“An artist may cluelessly use a third-party promotion partner who turns out to be a bad choice, or legitimate tracks are added to a third-party playlist that utilizes bots without artists knowing, but the artist faces the penalties.”