Exploration Audio Newsletter - February 26, 2021

Spotify recently announced this week that it will be expanding its service to 80 new markets around the world, including countries like Bangladesh, Pakistan, and Nigeria. The international expansion is expected to make Spotify available to more than 1 billion people globally who didn’t have access to the service before.

The International Federation of the Phonographic Industry (IFPI) has launched SoundSys, a performance rights revenue distribution system, in partnership with music tech firm Bmat and four collecting societies in Asia. The company also launched the repertoire data exchange service RDx last year.

After a detailed discussion between representatives at Apple Music, Spotify, and Amazon Music in UK’s streaming economics inquiry, the parliamentary committee holding the event published written comments by the three major labels, specifically on the topic of user-centric payouts and equitable remuneration (ER). These measures are being highlighted favorably to propose potential changes to the streaming ecosystem.

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