Exploration Audio Newsletter - November 19, 2021

Tidal is now launching a free tier in the US as well as a new user-centric payment model for its premium subscription offerings, according to an announcement made on Wednesday. Rights holders will be paid based on the streaming activity of each individual subscriber on Tidal’s HiFi Plus tier. An annual report on the “Global Value of Music Copyright” by former Spotify chief economist Will Page states that the calculated value of music copyright for 2020 totalled $32.5 billion, growing by 2.7%. “The driver of these changes is streaming: Its contribution to labels, publishers, and their CMOs has risen, from 22% in 2016 to 54% in 2020,” wrote Page. Spotify has announced that it is introducing real-time lyrics that display during song playback on both of its free and subscription tiers. The lyrics are provided by Musixmatch, and users can see the lyrics scroll as they listen to a song and can also share selected lyrics on social platforms. Remember to ask any questions you have in the comments below, we're here to help!

 

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Exploration: https://exploration.io/exploration-weekly-tidal-launches-direct-to-artist-payouts-global-value-of-music-copyright-up-2-7-in-2020-spotify-rolls-out-real-time-lyrics/ 

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