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K-Pop in crisis? Around 93m albums were sold in South Korea in 2024 – 23m fewer than in 2023
New data shows that, even as K-Pop gets bigger in the US, album sales declines in its home country in 2024 Source...

FireAid concerts drew 50m viewers, raised $100m for wildfire relief efforts
The money will be used for immediate and long-term recovery needs as California picks up the pieces from the recent wildfires Source...

Reservoir raises full-year guidance again as revenue jumps 19% to $42.3m in calendar Q4
Price hikes and subscriber growth at streaming services sent Reservoir's revenue up by double digits in the company's fiscal Q3 Source...

TuneCore says that tracks within its ‘Accelerator’ platform clocked 21bn streams in 2024, as number of artists on the program nears 450,000
"Artists across all genres are seeing their stream numbers skyrocket," TuneCore says in its latest report on the Accelerator program Source...

Spotify market cap value tops $124bn – as stock price hits record high after posting first full year of profit
Spotify’s shares jumped 13% on Tuesday to $621.77, crossing the $600 threshold for the first time Source...

HYBE doubles down on Latin America with new label, signs Mexican artist Meme del Real
Del Real, known for his work with multiple Latin Grammy Award-winning rock band Café Tacvba, has already released his first single under the new label Source...

YouTube’s quarterly ad revenues top $10bn for the first time in Q4 2024
Despite growth in ads, Alphabet's shares sank in pre-market trading as investors digested the company's revenue miss Source...

Apple Music launches its ‘best offer ever’ – a six-month trial for $2.99
The timing of the promotion comes as Apple Music promotes Kendrick Lamar’s Super Bowl LIX Halftime Show performance on Sunday (February 9) Source...

Virgin Music Group expands presence in Africa, partnering with Ghana-based services company RainLabs
The partnership's goal is to ensure that the music of African artists “reaches global audiences and achieves lasting success" Source...