Is live the new battleground for streaming giants?
Streaming giants such as Apple, Spotify and Amazon are ramping up their live music offerings with exclusive live stream series featuring some of the world’s biggest acts.
Apple Music Live yesterday (27 October) announced that Grammy Award-winning artist Megan Thee Stallion will be the latest act to feature in the inaugural, exclusive live performance series.
Her upcoming concert at The Dolby Theatre in Los Angeles will be available to Apple Music subscribers in over 165 countries on 21 December at 19:00 PST, and local fans can register for the chance to be in the room for the rapper’s set.
Megan Thee Stallion follows in the footsteps of artists including Harry Styles, Billie Eilish, Mary J. Blige, Lil Durk and Luke Coombs, all of whom have performed for Apple Music Live.
“No matter how much time and effort an artist may spend crafting music in the studio, it’s on the stage where they really get to show their work,” the company notes. “Apple Music Live is a new recurring series designed to do just that: give the biggest stars in music the biggest possible platform to flaunt how they connect with audiences and how their songs translate to live performance.”
Harry Styles, Billie Eilish, Mary J. Blige, Lil Durk and Luke Coombs have all performed for Apple Music Live
Prior to Apple Music Live, the streaming behemoth previously dabbled in live music with events including the discontinued iTunes Festival and Apple Music Festival.
Amazon Music has also announced details of a new livestream concert series, which will also feature Megan Thee Stallion.
Hosted by American rapper 2 Chainz, Amazon Music Live will be streamed live from LA, featuring “the biggest artists performing their latest hits live”.
It will air on Prime Video following Thursday Night Football in the US and premieres 27 October with Lil Baby, followed by Megan Thee Stallion (3 November) and Kane Brown (10 November), with further performers to be revealed in the coming weeks.
“With Amazon Music Live, we’ve created a new, can’t-miss series for fans to experience the most exciting new music together,” says Kirdis Postelle, global head of artist marketing of Amazon Music. “For artists, this show represents a massive new stage to share their music with fans after Thursday Night Football – the biggest game of the week, airing live on Prime Video.”
Amazon Music Live will be streamed live from LA, featuring “the biggest artists performing their latest hits live”
As well as hosting Amazon Music Live, 2 Chainz will interview each night’s performing artist during Thursday Night Football shoulder programming. Each concert will be available for fans to stream live around the world on Prime Video and will also be available to stream on-demand for a limited time.
Each week’s performance will be filmed in front of a live audience. Attendance to the show is by invitation only and will be facilitated through ticketing and event discovery platform Dice.
Amazon Music also recently livestreamed Kendrick Lamar’s sold-out 22 October show at the Accor Arena in Paris.
Fans were able to watch the livestream for free exclusively on Prime Video in more than 240 countries and territories worldwide, the Amazon Music channel on Twitch, and on the Amazon Music app.
Spotify previously stepped into the live music sphere when it launched a new livestreaming virtual concert series during the Covid-19 pandemic.
Spotify launched a new livestreaming virtual concert series during the Covid-19 pandemic
The Black Keys, Rag’n’Bone Man, Bleachers’ Jack Antonoff, Leon Bridges, and girl in red were among the artists that delivered what Spotify called “pre-recorded live shows” – which each ran for 40-75 minutes and cost US$15 to attend.
More recently, Spotify soft-launched a new website to sell tickets directly to its users, instead of redirecting customers to partner ticketing platforms.
The streaming provider premiered its tickets.spotify.com on 10 August, enabling those with a Spotify account to purchase event tickets via debit or credit card.
Apple, Amazon and Spotify join several other digital giants that have hosted live concert performances, such as YouTube which has been livestreaming Coachella performances for years and Hulu which has been enlisted to stream Lollapalooza and Bonnaroo music festivals in 2022 and 2023.
Get more stories like this in your inbox by signing up for IQ Index, IQ’s free email digest of essential live music industry news.
Spotify tests the waters with new ticketing platform
Spotify has soft-launched a new website to sell tickets directly to its users, instead of redirecting customers to partner ticketing platforms.
The streaming provider premiered its tickets.spotify.com site today (10 August), enabling those with a Spotify account to purchase event tickets via debit or credit card.
Currently, the Spotify Tickets site lists concerts for US artists like Limbeck, Crow, Annie DiRusso, Four Years Strong, and Tokimonsta.
The tickets are taken from those artists’ pre-sale allocations – which will be Spotify Tickets’ focus, rather than general on-sale inventory.
According to the site’s terms and conditions, the company only acts as a ticketing agent and takes a booking fee. It also mentions that the platform can sell on behalf of “third parties which can include venues, event promoters, fan clubs, and artists, as their disclosed ticketing agent”.
“Some of [these tests] end up paving the path for our broader user experience and others serve only as important learnings”
Commenting on the launch of the new site, a spokesperson from Spotify told Tech Crunch: “At Spotify, we routinely test new products and ideas to improve our user experience. Some of those end up paving the path for our broader user experience and others serve only as important learnings. Tickets.spotify.com is our latest test. We have no further news to share on future plans at this time.”
In June, Spotify launched the Live Events Feed, an in-app destination that allows users to discover concerts in their local area via personalised listings sourced from the platform’s affiliate ticketing partners, Ticketmaster, AXS, Dice, Eventbrite and See Tickets.
Though events listed on the Spotify Tickets site are not available on the Live events page, the company’s support page says: “Some tickets listed [on the Live Events page] are available for purchase directly from Spotify.” Tickets directly sold through Spotify are also not currently listed on the artist pages.
Spotify dipped a toe into the ticketing world last year when the company experimented with selling tickets to virtual pre-recorded concerts due to the pandemic.
The launch of Spotify’s ticketing platform comes days after Ticketmaster partnered with TikTok to allow users to discover events and purchase tickets directly through the app. The ticketing giant struck a similar partnership with Snap in February.
Get more stories like this in your inbox by signing up for IQ Index, IQ’s free email digest of essential live music industry news.
Why the UK’s live biz is set for major resurgence
The UK’s live music industry is set for a dramatic post-lockdown resurgence, according to Will Page, the author of Tarzan Economics: Eight Principles of Pivoting Through Disruption. Below, the former Spotify and PRS for Music chief economist presents his groundbreaking research.
This article was first published by Music Business Worldwide and we thought it was so good, that we wanted to republish it. Our thanks to MBW publisher Tim Ingham for agreeing.
‘Ships passing each other in the night’ is how I described Britain’s live and recorded music industries in a Billboard article during the dark days of lockdown, June 2020.
Streaming had become a ‘stay at home stock’, front loading growth in subscribers and streaming volumes. By contrast, live music had been all but silenced by the restrictions put on our freedoms to curtail the pandemic.
That article provided the evidence base to help policymakers, and contributed to the UK Government announcing a GBP £1.6 billion funding package for the arts the following month, and then the UK Government launching a £750 million insurance scheme for live events the following year.
What matters, as one Scottish Chancellor constantly told me, is ‘evidence-based policy making, not policy-based evidence making’.
I was indebted to the UK’s PRS for Music, which licences live events so that its songwriter members can collect performance royalties when their songs are played at concerts.
Its data on the British market, combined with data on recorded-music spending by the Entertainment Retailers’ Association, allowed me to model consumer spend during a time of crisis.
Now, they’ve let me update the analysis.
The exclusive insights garnered from this work are jaw-dropping. Buckle up.
Live vs recorded music spend. (Anyone remember 2019?)
Let’s go back to when the world was normal.
In 2019, British gig-goers spent GBP £1.7 billion on concert tickets (or ‘box office’), a fifth more than the £1.4 billion that consumers spent on recorded music in the same 12 months.
Combined, British music fans spent a total of £3.1 billion on music in 2019.
(Also: this concert spend captures only the primary ticketing market — what’s commonly known as the ‘face value’ – and ignores secondary markets and ancillary spend.)
Then, music was silenced from our stage, but surged on our phones.
In the surreal year of 2020, ‘box office’ collapsed 90% in the UK to just £200 million – whereas spending on recorded music accelerated by 6% to breach the £1.5 billion watermark.
As lockdown eased in 2021, streaming’s success continued, pushing UK recorded music spend closer to £1.7 billion (ironically, the same value of the UK box office before the pandemic), whereas live spend recovered some of its losses capturing £700 million in box office (still less than half what it once was).
The importance of ‘wallet share’ – and how UK consumers spend just 0.2% of their money on music
We can stack both components of the British music industry on top of one another and add a final piece of the puzzle: wallet share.
The team at the Office of National Statistics who studied Covid’s impact on UK consumer spend kindly provided me with data on recreation and culture spend. This enabled me to measure total UK spend on music as a share of what is often termed ‘the entertainment dollar’.
Think about this for a wee minute: one pound in every ten spent today in Britain is on recreation and leisure – yet only two percent of that leisure spend (which pans out as just 0.2% of the grand total) is spent on live and recorded music.
Now, let’s get to our chart.
On the left, spend on recorded music in green, stacked with box office spend in grey. On the right, the red line represents the share of leisure spend.
The gin-and-tonic relationship of increasing subscriptions driving increasing gig-going increased wallet share from 2% in 2015 to 2.2% in 2019 – a bigger share of a bigger wallet.
As lockdown hit in 2020, wallets contracted and wallet share sank to 1.3% (less share of less money), recovering to 1.6% last year.
Now let’s figure out what these lofty figures mean for artists.
For live music, we strip out fees and taxes from the face value of the ticket and give the artist 75% of what’s remaining.
For recorded music we take the label’s own wholesale value of music and give the artist 25%.
Bizarrely, these assumptions throw up an 80/20 rule for 2019: 80% of artist income came from gigs, and 20% from recordings.
As live music is the main breadwinner for most artists, its silencing in 2020 overshadowed streaming growth, wiping 70% off their income.
If artists were struggling to make a living before we locked down the UK economy, then they had 70% less to make a living after.
And in 2021, the partial recovery in live and continued growth in streaming got artist income to only half what it once was. For individual artists, (less so for firms), that’s really tough.
While there’s no such thing as an ‘average artist’, an average pay cut of 70% raises questions of survival.
In 2019, live music income was bigger (and distributed among the few) while recorded music income was smaller (and distributed amongst the many).
The pandemic suddenly changed that mix.
As streaming has many more mouths to feed – and there’s nothing else to feed them with – it’s little surprise that the UK industry dragged itself through an arduous Parliamentary Inquiry during the lockdown years.
Now let’s focus on the ‘suffering and recovery’ in live music.
In a New Year essay I showed that, since the London Olympics, all the growth in UK live music was contained within stadiums and festivals – increasing their share from 23% in 2012 to 40% in 2019.
That’s at the expense of theatres, clubs and grassroots venues which have felt squeezed out of the British market, in absolute and relative terms.
The chart below neatly illustrates that the harder they come, the harder they fall: Stadiums and festivals lost more box office spend than arenas, theatres and clubs combined in 2020, reducing their share of UK box office down to a measly 10 percent.
From boom to bust to boom again, 2021 saw these outdoor events grow box office by over quarter of a billion, raising their share of box office to a record-breaking 45%.
To use ‘long tail’ language, the UK live industry has never been so ‘hit heavy’ – where the spoils go to so few events.
Where we go now
These insights throw up questions that a global industry can learn from.
- First, how much does scale matter in the recovery? Larger events owned by larger companies may have been better able to comply with the moving target of government regulations.
- Second, did travel restrictions give UK artists a leg-up in the UK festival rankings and if so, will it last?
- Third, we’ve had two years of stay at home ‘sofa-inertia’ (that’s Netflix and Pringles to you and me) so what will it take for behaviours to change and get us off our sofas and back into music venues?
Sure, we’re still a long way off our pre-pandemic peak of £3.2bn consumer spend and 2.2% share of wallet.
But back to Gordon Brown’s point about evidence-based policy making (and not policy-based evidence making), this work gives policymakers and industry professionals the necessary foundation to figure out what assistance and actions are required to get us back to where we once belonged.
This isn’t going to be easy.
Wallets are set to be squeezed further this year and next. That said, with the internecine nature of the Parliamentary Inquiry behind us, the imperative is for all of us – policymakers, professionals and performers – to come together to unlock the ‘coiled spring’ demand for music on British stages up and down the country.
James Taylor [not that one!] heads up music for Wembley Stadium. He sees this coiled spring(ing) into action: this summer, a record-breaking 16 concerts are taking place at the famous stadium with a staggering 1.3 million tickets sold; that’s the population of Edinburgh and Glasgow, combined!
Now the dust has settled, let’s remind ourselves that music is the alchemy in the room that brings us together. And with the pandemic finally behind us, those rooms will surely be packed to capacity.
If the collective ‘we’ get this right, it’ll be more like a slingshot than a rebound.
The author would like to thank: John Mottram and Frances Hodgson (PRSforMusic); Katherine Kent and Luke Croydon (Office of National Statistics), Liz Martins (HSBC Economics), Tim Chambers, Bill Gorjance, Ralph Simon, Entertainment Retailers Association and the BPI.
He would also like to share his thanks to Dice for their comprehensive data on the UK live events industry.
Will Page’s Tarzan Economics: Eight Principles of Pivoting Through Disruption is out now via Simon & Schuster (UK) and Little, Brown and Company (US).
Get more stories like this in your inbox by signing up for IQ Index, IQ’s free email digest of essential live music industry news.
Spotify launches Live Events Feed
Streaming giant Spotify has launched the Live Events Feed, an in-app destination that allows users to discover concerts in their local area via personalised listings.
The innovation replaces the previous Concert Hub feature, and introduces a number of updates to help fans find shows by their favourite artists.
Listings are sourced from the platform’s ticketing partners including Ticketmaster, AXS, Dice, Eventbrite and See Tickets.
“We’d love to be a part of helping the live music industry recover”
“With shows coming back, and listeners excited to see their favourite artists perform live again, we think this is the perfect time to explore new ways that Spotify can further support the industry,” says René Volker, Spotify’s senior director of live events.
“Thanks to partnerships with leading ticketers like Ticketmaster, AXS, Dice, Eventbrite, See Tickets, and others, Spotify now has most of the world’s concerts listed on-platform in our major markets. Users can now check out those listings on the Live Events Feed. They’ll be excited to see personalised recommendations for upcoming shows based upon their unique taste profile.
“Ultimately, our goal is to ensure that fans are aware of all of the upcoming events by the creators they love and creators they may come to love. We believe if we get that right, then we can get more fans to more shows and help artists and venues have better-filled rooms. We’d love to be a part of helping the live music industry recover and, even more importantly to us, helping to grow it in the years to come.”
“We spent about two years studying the industry, its products and its users”
Sam Sheridan, Spotify’s product manager for live events discovery, explains the Live Events Feed was two years in the making.
“We spent about two years studying the industry, its products and its users,” he says. “One of the key behaviours we see is that fans engage with artists on-platform, but then they leave to search for listings online or to even follow artists on social media for the sole purpose of staying on top of their events. We think the Live Events Feed is an opportunity to help close this loop. This helps ease the burden on fans, reduces the competition artists need to contend with to stand out, and creates new efficiencies around marketing.
“Another core learning was how sticky the discovery pathways are that lead with the artist, which you can see manifest in the design that leans into rich artist imagery, helping fans feel more connected and better informed about their favourite artists. We also included a new way to represent and celebrate the full body of the artist’s touring offering.”
He continues: “In addition, we built a new messaging tool to provide fans with personalised recommendations for upcoming live events based on their listening habits. And we’re putting fans in control of how they want to be communicated with by giving them tools to set their notification preferences, and offering them more information about our different ticketing partners. This, in turn, is helping these partners to find audiences.”
TikTok introduces direct tipping for artists
TikTok has unveiled a hub of new and existing tools that will enable creators to monetise their short-form videos.
The new toolset, dubbed Creator Next, includes the first direct-tipping function on the platform, allowing creators to receive tips directly from followers while keeping 100% of the money.
Payments are processed by Stripe, which allows creators to sign up and manage their earnings in a simple dashboard.
To be eligible for TikTok Creator Next, creators must be 18 years of age or older, meet minimum follower requirements (which can differ depending on region), have at least 1,000 video views in the last 30 days, have at least three posts in the last 30 days.
Creator Next also includes the new function Video Gifts – which allows creators to receive tips based on engagement with their non-live videos – and the existing tool Live Gifts which works in the same way for live streams.
TikTok’s new tipping features comes months after the viral short-form video app hit the one billion user mark
The package also includes TikTok Creator Marketplace, the official place on TikTok for brands and creators to collaborate, and the previously-introduced Creator Fund, which pays creators for their conten based on a number of factors.
Over the course of the global Covid-19 shutdown, virtual tipping – which is said to have originated in China – has been introduced on platforms including Spotify, SoundCloud and Encore Musicians as a means of helping artists and other creators make more money.
TikTok’s new tipping features comes months after the viral short-form video app hit the one billion user mark in late September. Prominent artists such as Taylor Swift, Lady Gaga, Dolly Parton and U2 have joined the platform in recent months.
Earlier this year, Ed Sheeran delivered a record-breaking live music performance on TikTok, garnering more than 5.5 million unique viewers.
Spotify’s Daniel Ek: ‘Live is something we’re excited about’
Spotify co-founder and CEO Daniel Ek has said the leading music streaming service is “excited about” exploring further opportunities in live music, following a series of Spotify-branded live streams and rumours about an expanded role in the concert space.
Speaking during yesterday (28 July)’s Q2 2021 earnings call, Ek addressed recent reports that Spotify, which has more than 150 million subscribers globally, is seeking to establish a greater live events presence through livestreamed and, potentially, physical concerts.
Responding to a question from financial analyst Hamilton Faber about “how easy [it would be] to scale in this space”, Ek said: “Depending on [your point of] view, [we have] been involved in the live space now for many, many years, both having as a feature the ability for artists to post upcoming concerts on their Spotify pages and then subsequently with our own playlist and brands like RapCaviar which been doing some shows with tens of thousands of people in attendance… So we’ve been in this space for quite some time.
Ek added that while he “can’t really comment on [the] sort of product tests that we’re doing” in live music, the live experience “is a meaningful thing for many of our creators and it’s something that we’re excited about,” he said. Referring to its recent ‘virtual concert experiences’ in partnership with livestreaming pioneer Driift, Ek said: “In the past quarter […] we did some digital live concerts and tested that, and saw some really positive results from that, and lots of excitement from our artist partners about Spotify helping out during Covid and providing more meaningful ways for them to monetise their fan base. And I think that’s in line with our strategy.”
“We want to work with as many partners and provide as many opportunities for creators as we can”
At its core, said Ek, Spotify remains an “open” business willing to work with multiple partners, including in the live space. (It has previously partnered with the likes of Live Nation, Ticketmaster, Festicket, AXS, Eventbrite and more.)
“To the extent that live will have an even bigger impact, I think we’re still an open platform,” he explained. “We want to work with as many partners as we can and provide as many opportunities for creators to create; more ways to turn a listener into fans and turn fans into super fans and increase the monetisation for those creators.”
He added: “I think the most important thing really is we’re very, very creator focused. And so live, if you think about music creators, is today the vast majority of all the income that normally flows through to an artist. So, to the extent that Spotify can be helpful in driving live outcomes, that’s going to materially improve the earnings of an artist, and that obviously means that we can be an even more better partner to artists…”
Spotify stock fell 3% yesterday, despite the New York-listed company reporting better-than-expected revenue for the quarter.
Spotify announces ticketed livestream series
Leading music streaming service Spotify has announced a new ‘virtual concert experience’ taking place over five dates in May and June, in the company’s biggest move in the concert livestreaming space to date.
Five pre-recorded shows, produced by Driift (Niall Horan, Kyle Minogue, Glastonbury Presents: Live at Worthy Farm), will stream as live on 27 May, 3 June, 10 June, 17 June and 24 June, with tickets for each live stream priced at US$15 (or local currency equivalent).
In date order, performers are the Black Keys, Rag’n’Bone Man, Bleachers’ Jack Antonoff, Leon Bridges and Girl in Red, who will perform from the Blue Front Café in Mississippi; London’s Roundhouse; a bus travelling from Brooklyn, New York, to Asbury Park, New Jersey; the Gold-Diggers’ Hotel in Los Angeles; and a production studio in Oslo, respectively.
Each concert will last between 40 and 75 minutes, according to Spotify, which already links to external live streams from artist pages in the Spotify app, and formerly lent its name to a number of concerts themed around its most popular playlists.
“I’m excited to collaborate with Spotify on this intimate concert experience that will feature songs from across my catalog, including a few tunes from my new album, Gold-Diggers Sound,” says Leon Bridges.
“This new initiative with Spotify will give fans a great way to connect with their favourite artists”
“I’ve truly missed seeing my fans around the world this year, and we are working hard to bring the concert experience to your home, thanks to Spotify.”
Fans of the five artists will soon start to receive notifications in Spotify to buy tickets for the shows (starting with the Black Keys today, 19 May).
“We have always been a band that loves to play live in venues of all shapes and sizes. The past year has been tough for musicians and fans alike, so we wanted to find a way to share this live performance of songs from our new project, Delta Kream, from a place we love, the Blue Front Café, the oldest active juke joint in America,” say the band in a joint statement.
“We’re excited to be a part of this new initiative with Spotify that will give fans a great way to connect with their favourite artists.”
Spotify joins with NIVA to help US grassroots venues
Spotify has partnered with the National Independent Venue Association (NIVA), the newly formed alliance of US grassroots music venues, to help independent music venues across the US that have been shuttered throughout the pandemic.
The streaming giant has donated $500,000 to NIVA’s emergency relief fund for grassroots venues, which are still waiting to find out whether the Save Our Stages act will pass through Congress.
As part of its #2020wrapped campaign, Spotify has also taken over space on the marquees of more than 30 closed music venues to commemorate classic gigs that have taken place on the stages.
The campaigns include Alicia Keys at Riverside Theater in Milwaukee (pictured); Lady Gaga at The Ritz Ybor in Tampa; Childish Gambino at The Aladdin in Portland, The Weeknd at The Orange Peel in Asheville and Jessie Ware at Centre Stage in Atlanta.
“Everyone’s favourite artists started somewhere, and we’re thankful to Spotify for helping us to tell these stories”
“As 2020 draws to a close, the live music industry enters month nine of no shows, no income, no federal support, and ever-mounting debts. Music is what connects us all – as Spotify shows us, it’s what helped our friends, our families and our communities get through this tumultuous year,” says Stephen Sternshein, co-founder and treasurer of NIVA, and managing partner of Heard Presents in Austin.
“Everyone’s favourite artists started somewhere, and we’re immensely thankful to Spotify for helping us to tell these stories. The stories that artists like Bruce Springsteen, Lady Gaga, The Weeknd, The Strokes, and so many more began on the very stages that today are struggling to survive.”
Dan Brill, global group creative director at Spotify says: “In a year that has taken on so many twists and turns, a first reaction might be to look forward and forget the challenging times. However, that would discount all of the amazing work that creators, fans, venues and activists have poured their hearts into this year.
“That’s why, instead of turning our backs on 2020, we wanted to give our appreciation for those who gave us hope — the people who, despite challenging circumstances, found ways to infuse magic into our world and give us hope for a better tomorrow.”
The Save Our Stages Act stimulus package, which is part of the ‘Heroes Act’, includes a US$10 billion grant programme designed to provide financial support for live venue operators, promoters, producers and talent representatives in the US.
Spotify debuts virtual concert listings
Spotify has announced it will start integrating virtual concert listings into its music streaming platform.
In a Spotify for Artists blog post yesterday (15 September), the streaming giant said it has partnered with Songkick and Ticketmaster to introduce virtual event listings for individual artist profiles, as well as its main concerts page.
“With many tours postponed until 2021, the necessity for these virtual events is set to continue, and we want to make it easy for Spotify listeners to learn about virtual events for the artists they love, as well as artists they’re discovering for the very first time,” reads the post. “In light of this, we’ve leveraged our partnership[s] with Songkick – the livestream concert discovery app – and Ticketmaster to make it happen.”
“We want to make it easy for Spotify listeners to learn about virtual events”
The announcement confirms earlier rumours that Spotify was working on a virtual event discovery feature to build on its existing concert listings.
Artists are encouraged to list future livestreams through concert discovery platform Songkick, as they will populate artist pages automatically. “Select” Ticketmaster events will also be automatically listed.
Spotify will also mail users recommendations for virtual concerts, which can be staged on any platform – including Twitch, Instagram Live and YouTube – as long as they are listed through Songkick or Ticketmaster.
Major streaming services to branch into virtual events
Spotify is developing a feature that will alert fans to an artist’s upcoming virtual events, according to a tweet by reverse engineer Jane Manchun Wong.
The streaming service ordinarily lists an artist’s live events on their profile page, but according to Wong (via TechCrunch), it is now transforming that feature into virtual events discovery.
The platform already works with ticketing partners including Ticketmaster, Songkick, Resident Advisor, Eventbrite, AXS and Japan’s eplus, and therefore virtual event listings wouldn’t be difficult to implement.
The feature isn’t yet available in the public-facing version of the Spotify app.
Elsewhere, Jay-Z’s streaming service Tidal has spent US$7 million on tokens issued by the company behind Sensorium Galaxy, a new VR “social metaspace” in which users can attend alternative-world concerts, nightclubs and festivals through a VR headset.
Through the purchase, Tidal has acquired access to broadcast their content within Sensorium Galaxy, which is due to launch publicly in early 2021.
Sensorium says that its “Social VR technology” is poised to “provide unprecedented ways for artists”
Lior Tibon, COO of Tidal, says: “Our relationship with Sensorium provides Tidal with the opportunity to gain exclusive rights for its stellar artist roster to have their shows and music broadcast exclusively within Sensorium’s themed virtual entertainment worlds.
“The Sensorium Galaxy is a next-generation platform for entertainment consumption which will elevate the connection fans have with their favourite artists, and bring artists’ vision to life in a new and exciting way.”
Sensorium says that its “social VR technology” is poised to “provide unprecedented ways for artists, performance venues, game publishers, and virtual influencers to entertain and engage fans globally across interactive environments”.
Alongside Jay-Z, Tidal’s artist co-owners include Lil Wayne, Rihanna, Calvin Harris, Daft Punk and Coldplay’s Chris Martin.
Earlier this week, it was announced earlier this week that streaming service Napster will be acquired by live music virtual reality platform MelodyVR.
The US$70 million acquisition will eventually combine Napster’s library of over 90 million audio tracks and Melody VR’s catalogue of virtual live music shows, to create a platform where users can stream music and experience immersive live performances.