Australia’s recorded music is thriving right now, largely due to streaming platforms like Spotify, Apple Music and YouTube Music. Streaming powered the market to a sixth consecutive year of growth in 2020, according trade data published by ARIA in March. Subscription platforms, a category that includes Spotify and Apple Music, generated A$362 million in the calendar year 2020, up 14% from the previous year. The market is far from saturated at the high-res end, notes Fornay. Qobuz is “offering something uniquely different to the other platforms out there,” he enthuses, namely the ability to download or stream at CD quality or Hi-Res “studio quality” audio (24-Bit up to 192 kHz). In addition to its catalog of 70 million tracks, Qobuz also offers album reviews, artist biographies, music...
Spotify, Bandcamp, SiriusXM and more are meeting the moment with a range of initiatives. As protests sparked by the death of 46-year-old Minneapolis resident George Floyd heated up this weekend, music companies began making statements in support of the movement to end police brutality against black Americans. On Friday, a number of companies and artists began sharing a statement posted under the hashtag #TheShowMustBePaused, which calls for “a day to disconnect from work and reconnect with our community” and “an urgent step of action to provoke accountability and change.” Started by Atlantic Records marketing executives Brianna Agyemang and Jamila Thomas, who are both black, the call for a day of action — which is now being called “Black Out Tuesday” — sparked other compa...