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Deezer Doubles Down on Latin America; The Enduring Influence of Yacht Rock; Tencent Spending Billions Investing in Major Music Companies

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Deezer claims $1.4bn valuation with TV Azteca partnership in Mexicomusically.com
Deezer is doubling down on Latin America courtesy of a partnership with Mexican broadcaster TV Azteca that values the music streaming service at $1.4bn.

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Why Is Chinese Media Giant Tencent Spending Billions Investing in Major Music Companies?variety.com
Over the past few years, Chinese media giant Tencent has spent more than $6 billion investing in major music companies — what’s the goal?

Yacht rock

The Enduring, Undeniable Influence of Yacht Rockwww.insidehook.com
For years, yacht rock was merely a forgotten piece of early 1980s kitsch. Recently, though, it’s found a new life and audience online.

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Buy or Sell? Spotify Stock Price Targets Upped by Analysts With Differing Recommendationswww.billboard.com
Guggenheim Partners and Morgan Stanley have nearly a $10 billion difference between their Spotify valuations, largely rooted in forecasts on the streaming platform’s podcast strategy.

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Apple Music’s new ‘INDIY’ playlist focuses on DIY artistsmusically.com
Hotly-tipped Brits Beabadoobee and Alfie Templeman are among the artists included in this week’s ‘INDIY’ playlist.

Esb professional   shutterstock.com mediano

Survey suggests Covid-19 is sparking music streaming growth in Japanmusically.com
More Japanese people are willing to engage with music via streaming during the ongoing Covid-19 pandemic, according to a survey of the industry.

Merck

Hipgnosis revenues topped $80m in FY2020 — now it’s raising another $250mwww.musicbusinessworldwide.com

More money for Merck coming as firm beats management expectations for annual revenues.

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What is Primephonic? The classical music streaming service explainedwww.pocket-lint.com

Primephonic is a music streaming service like rivals Spotify, Apple Music, Amazon Music, Deezer and Tidal but with a difference. It only offers classical.

Lea

Lend Me Your Ears: How podcasts bring voice amid quarantinewww.newindianexpress.com
With many parts of India still in quarantine, people are turning to podcasts like never before for entertainment and knowledge but the industry should have moved from niche to mainstream.

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5 surprising music hacks to try with your Amazon Echowww.cnet.com
These Amazon Music features will give you a better music listening experience.

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Matt Pincus-backed HIFI launches to help artists ‘actually see what they’re earning — and what they’re worth’www.musicbusinessworldwide.com

Founder and CEO, Damian Manning, talks MBW through HIFI’s new product offerings.

Caffeine

Live broadcasting platform Caffeine raises $113m in Series D funding roundwww.musicbusinessworldwide.com

Platform claims to have added 2m new registered users over the last year.

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Platform & Stream

Platform & Stream

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