NEWS
The most recent and important News updates about the global entertainment Industry. Updates on music publishing and the recording industry.
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Virgin Music Group Acquires Downtown Music Holdings in $775 Million Deal
Universal Music Group’s Virgin Music Group has successfully completed the acquisition of Downtown Music Holdings for a substantial $775 million. This transformative deal cements Virgin Music’s position as a leader in independent music services, offering unparalleled resources to independent artists and entrepreneurs worldwide.
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TikTok Ends Its Music Streaming Service
What Happened and What It Means for the Industry
In a surprising move, TikTok has decided to shut down its music streaming service, TikTok Music, which was initially launched as a competitor to platforms like Spotify and Apple Music. For a platform that revolutionized music discovery and viral hits, this decision raises many questions: Why is TikTok moving away from music streaming? What does this mean for TikTok users and the music industry at large? Let’s explore the background, reasons, and potential consequences of this strategic pivot.
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Most Streamed Jamaican Artistes
Jamaican Artists with over a Billion streams on Spotify
Among the Top 10 most-streamed Jamaican artists on Spotify, several have joined the Billion Streams Club, according to data from Spotify obtained by WMV.
Spotify launched in Jamaica and 80 other markets in March 2021. In an exclusive interview with World Music Views, Spotify’s communications manager Julia Lavender mentioned that there will likely be more local activities related to music in Jamaica. This indicates Spotify’s plans to boost local consumption and promote Jamaican artists and content.
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Miseducation of Lauryn Hill Tops
10 Best Albums of all time by Apple Music
“The Miseducation of Lauryn Hill” has achieved a groundbreaking feat, topping Apple Music’s esteemed list of the greatest albums of all time. This recognition marks a significant departure from the traditional dominance of classic rock icons like the Beatles and The Rolling Stones, signaling a shift towards honoring hip-hop and R&B luminaries.