Exploration Audio Newsletter - June 18, 2021

Spotify launched Greenroom on Wednesday, a live audio app and Clubhouse competitor, in addition to announcing new plans to launch a Spotify Creator Fund to pay live audio creators for their work. The new app is available on iOS and Android in more than 135 markets globally.

Last week, the Copyright Royalty Board (CRB) granted sound recording licensees a royalty rate increase for 2021-2025 for programmed song plays - a rate of $0.0026 per performance for commercial webcasters’ programmed streams and $0.0021 per stream for ad-supported non-subscription services. These new rates apply to companies like Pandora and iHeartRadio, but do not impact interactive on-demand services like Spotify.

According to an announcement made on Tuesday by technology research firm Omdia, the average number of video streaming services utilized per U.S. user has fallen for the first time, from 7.23 in November to 7.06 in April. However, outside of the US, Omdia’s survey found that the number of online services per home is continuing to rise, with the U.K. reaching 5.78 services per user.

Spotify Greenroom launches, CRB sets Webcasters royalty rate, Average services per user falls for the first time.

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