Proliferation of music (Sony 2022 music segment presentation) Sony also shows that more than 8 million artists have uploaded at least 1 song on Spotify: For example, this stat about 82 million tracks on Spotify comes from the same Sony investor presentation we’ve been viewing above. Sony and Spotify are so incentivized to work well together that it can be hard to tell parts of their investor presentations apart. Sony's artists (Sony 2022 music segment presentation) Mentioning Lil Nas X, Doja Cat, Måneskin, Rauw Alejandro and Harry Styles, Sony is proud of the accomplishments their artists achieve on Spotify: Sony in Spotify's Top 10 (Sony 2022 music segment presentation) Sony now uses Spotify as the bellwether for chart success they note their 36.1% share of Spotify’s Weekly Top 100 and their 48.5% share of Spotify’s Weekly Top 10 along with their U.S.
Sony in Spotify's Top 100 (Sony 2022 music segment presentation) Spotify is becoming an important measure of success in the industry Sony ( SONY) is literally touting their success in reaching a 33% share of Spotify’s Top 100 alongside their success in the U.S. Looking at Sony’s 2022 Business Segment Briefings, Spotify is mentioned throughout the music segment presentation but I don’t see YouTube ( GOOG) ( GOOGL), Apple Music ( AAPL) or Amazon ( AMZN) discussed.
Recorded music industry (Universal Music Group prospectus)Īt the time of this writing, €1 = $1.07. The Universal Music Group ( OTCPK:UMGNF ) prospectus shows that streaming is by far the largest revenue category for the industry: Spotify can’t exist without the labels and it’s becoming clear that the labels are becoming increasingly dependent on streaming in general and Spotify in particular. My thesis is that Spotify ( NYSE: SPOT) and the labels are moving the music industry forward by working together. Sony Alpha User/iStock Editorial via Getty Images Introduction Travel the world to capture moments and beautiful photos.
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