Wall Street Responds to Backlash Over Snapchat’s Redesign

It remains to be seen if recent outcry over the new version of Snapchat will negatively affect Snap Inc.’s numbers in the long term. The company is in the middle of contending with backlash from its users, of whom 1.2 million signed a petition to revert the social media app to its former version. Snap Inc. launched the new version last month with the intention of expanding its business beyond the teen and young adult audience — its current core audience. While many are concerned, specific negative effects are not yet evident.

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Katy Perry Is First to Achieve 100 Million Followers on Twitter

Singer Katy Perry, who joined Twitter in early 2009 and just released a new album called “Witness,” has become the first to achieve the 100 million follower milestone on the social platform. “The second most-followed Twitter account belongs to Justin Bieber, who currently has 96.7 million followers,” according to Variety. “Next in line are Barack Obama (90.8 million), Taylor Swift (85.1 million) and Rihanna (74.1 million).” While these figures do not specify the number of spam accounts or bots, Twitter CEO Jack Dorsey said bogus bots represent less than 5 percent of accounts. Perry also broke her own YouTube record last month when single “Bon Appetit” reached 16.8 million views in just 24 hours. Continue reading Katy Perry Is First to Achieve 100 Million Followers on Twitter

Streaming Music Surpasses Digital Downloads for First Time

According to Nielsen, streaming officially became the primary means of consuming music in the U.S. during 2016. “Overall on-demand audio streams surpassed 251 billion in 2016 — a 76 percent increase that accounts for 38 percent of the entire music consumption market,” reports Pitchfork. For the first time, on-demand audio streaming has surpassed sales of digital albums + digital track equivalents. An average day saw 1.2 billion streams, compared to a total of 734 million downloads for the entire year. Rock is the most popular genre, representing 29 percent of consumption (but only 20 percent of streaming), while hip-hop and R&B make up 22 percent of total consumption (but an industry-leading 28 percent of streaming).

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Apple in Early Talks to Acquire Tidal Streaming Music Service

Apple is in “exploratory talks” to purchase Jay Z’s streaming music service Tidal, according to insiders. Apple is said to be interested in augmenting its Apple Music service with top artists associated with Tidal including Madonna and Kanye West. Tidal landed a number of high profile exclusive releases this year from West, Rihanna and Beyoncé. It is also the only streaming service to feature the catalog of the late pop star Prince. Tidal says it presently has 4.2 million subscribers who pay $20 per month for the high-fidelity version of the service or $10 per month for the standard-quality version. Continue reading Apple in Early Talks to Acquire Tidal Streaming Music Service

Jay Z to Perform Free Concert Only for Tidal Music Subscribers

Rapper and producer Jay Z is promoting his new artist-backed music streaming service Tidal with an exclusive concert. “Tidal X: Jay Z B-Sides” will be held May 13 in New York City. The only way people can get tickets is by submitting a playlist on Tidal. The artist plans to play songs that he has not performed in over 10 years. The concert announcement follows in the wake of Jay Z vehemently defending Tidal on Twitter after other musicians had criticized the service for being too elitist. Continue reading Jay Z to Perform Free Concert Only for Tidal Music Subscribers

Tidal Could Come Through on Promise to Change Music Industry

Tidal, Jay Z’s new artist-backed music streaming service, is the latest addition to a crowded field of companies offering music online. Spotify, Pandora, Rdio and others have featured similar music libraries — until now. Jay Z’s hit album “Reasonable Doubt” disappeared from Spotify earlier this week, while several top artists started to release content exclusively on Tidal. The competition puts increased pressure on music fans to subscribe to one or more streaming services. Continue reading Tidal Could Come Through on Promise to Change Music Industry

Jay Z Has Major Plans for Artist-Backed Streaming Music Service

Rap star and mogul Jay Z is giving artists unprecedented control over their music by owning a piece of his new music streaming service. Jay Z bought Tidal, a subscription streaming service, for $56 million and plans to go head-to-head with other streaming services such as Spotify. The platform is a new alternative for artists and labels frustrated with the free streaming model. Tidal will feature $10 and $20 subscription options that provide access to millions of songs and videos. Continue reading Jay Z Has Major Plans for Artist-Backed Streaming Music Service

Smosh: First YouTube Channel to Hit 10 Million Subscribers

In January, comedy channel Smosh became the top YouTube channel when it surpassed Ray William Johnson. It then became the first channel to hit 8 million subscribers, and then 9 million. Created by Anthony Padilla and Ian Hecox under the Alloy Digital umbrella, Smosh became the first to reach eight-digits yesterday with 10 million subscribers. The rapid growth of the channel reflects the recent explosion in popularity of online video. Continue reading Smosh: First YouTube Channel to Hit 10 Million Subscribers

App Based on The Voice Hopes to Engage Kids with Music

StarMaker Studios, in partnership with Talpa Media Holdings, has created a new app called The Voice: On Stage. The goal is to get kids engaged with music, allowing them to use their own voices, inspired by the hit reality television show “The Voice,” according to creators Jeff Daniel and Nathan Sedlander. The app includes features that enable children to audition and compete, much like performing on the NBC show. Continue reading App Based on The Voice Hopes to Engage Kids with Music