News

WEB3 MUSIC PLATFORM PUBLIC PRESSURE RAISES $6M LED BY BLOCKCHAIN-FOCUSED INVESTOR SCYTALE

Web3 music platform Public Pressure has raised USD $6 million in its new round of funding led by digital asset manager Scytale, which invests in blockchain solutions.

FORMER CNN CEO JEFF ZUCKER FORMS $1BN FUND TO ACQUIRE AND INVEST IN ENTERTAINMENT AND SPORTS PROPERTIES

Former CNN CEO Jeff Zucker has launched a joint venture with private equity firm RedBird Capital Partners and Abu Dhabi-based International Media Investments to acquire and invest in “large scale media, entertainment and sports content properties” on a global scale.

CHARTMETRIC LAUNCHES ‘V2’ OF ITS PLATFORM, INCLUDING NEW TRACK FILTERING CAPABILITIES

Chartmetric has told MBW that the improvements and additions within the recent ‘V2’ update to its platform reflect not only the need for increasingly granular data, but also the ongoing shift in balance of emphasis from artists to tracks. As well as categories such as genre, audience, Spotify streams, YouTube views, TikTok posts, Shazams etc., ‘Tracks List’ results can be filtered by growth metrics (100-1K% 7-day change, for instance) to instantly highlight fast-rising tracks.

Deezer revenues grew 12% to €219.4m in first half of 2022

Streaming service Deezer has published its latest financial results, revealing that its revenues grew by 12.1% year-on-year in the first six months of 2022. That meant revenues of €219.4m ($219.6m) split between Deezer’s consumer business (up 12.2% to €155m) and its B2B revenues (up 7.9% to €57.6m).  Its home country France accounted for €132.4m of Deezer’s revenues in the first half of this year though: 60.3% of the total, only slightly less than the 60.9% for the same period last year.

Melon still the most popular South Korean streaming service

The Record Label Industry Association of Korea has been surveying 1,500 streaming subscribers about their activity, including their favourite DSPs. According to Korea Bizwire, 52.7% chose Melon, the well-established Korean streaming service. That put it well ahead of YouTube Music (31.2%) and four other home-grown DSPs: Genie (20.2%), Flo (11.5%), Vibe (9.2%) and Bugs (8%). What about the big global players? Apple Music polled 7.3% and Spotify 4.7% in the survey, which (as keen mathematicians will already have twigged) allowed people to choose multiple services in their answer.

German media giant RTL launches Deezer-powered music app

Deezer has big plans for Germany, and they involve a big partner: media giant RTL. The two companies announced their partnership in November last year, with plans to add music to the existing RTL+ subscription video-on-demand (SVOD) service.