Spotify has some big news coming. As Music Business Worldwide has reported, the music streaming company is planning to make significant changes to its current royalty payout system in Q1 2024. The goal? Shifting USD $1 billion in royalty payments over the upcoming 5 years to ‘legitimate working’ artists and rights holders.

More than 3 months after TikTok Music was released in Brazil and Indonesia, it has officially moved out of beta in Australia, Singapore and Mexico, where it is now available to the public. The streaming platform, operated by the Chinese internet technology company ByteDance, is thus looking forward to targeting almost 160 million new, potential subscribers.

Starting your professional music journey, maintaining a stable music career, or taking on a new music project can be tricky. There are many things one has to consider or that may get in the way. One of them is one’s financial situation. Thinking about how to spare money or earn enough of it to finance both your current life and your future in music might feel heavy and discouraging. Luckily, there are plenty of funding and investment opportunities for both emerging and established music professionals to help achieve their goals and take their career to the next level. In this article, we’ll show you how to get around music funding and what opportunities are actually available.

It’s been three years since Spotify started focusing on collaborative features, including Collaborative Playlist and Blend. And apparently, fans loved them very much! As of the last week in September, Spotify reported that users have created over 45 million Blends and in the past month alone, they’ve cumulatively spent more than 200 million hours listening to Collaborative Playlists. No wonder that now, the platform is back with another collaborative feature called Jam.