Korrect Monday Music News

UK Music Streaming Over a Billion a Weekly Basis 

The UK has always been one to export a wide range of best selling, chart topping artists. Now, recent reports showcase that for the first time in history, the UK is pushing out over 500m streams a week. This is a historic milestone for the music industry and with artists like Sam Smith, Ed Sheeran, Skrillex and Drake being streamed by the millions every week, it doesn't look like this streak is slowing down any time soon. Spotify leads the pack in the most popular music streaming program across the pond, with Apple Music sitting at the bottom of the totem pole. 

photo courtesy of MBW / BPI 

photo courtesy of MBW / BPI 

 

Did Apple Music even put a dent in the music industry? 

“WE AREN’T SEEING ANY MEANINGFUL LISTENER IMPACT FROM APPLE MUSIC AND WE DON’T EXPECT TO SEE ANY LONG-TERM MEANINGFUL IMPACT EITHER.” - BRIAN MCANDREWS, PANDORA

This statement was made after Pandora released their quarterly reporting their one billion dollar turnover, which was a first for this popular veteran music streaming site. 

With Apple still being in the '3 month trial' stage for all users still it's hard to gauge wether or not they'll make any sort of dent in the music industry. 

Do you use Apple or Pandora?

YouTube Curator and BMG Launch New Music Venture 

Youtube Curator and BMG are joining forces to bring a new music platform to light for aspiring artists. Windfall will allow unsigned and undiscovered  artists to be seen for the first time. Both companies will utilize their resources to find new talent and place them in a ground breaking spotlight using their international platforms and resources. Both BroadbandTV (Youtube) and BMG will invest in artists they bring on and are looking to launch Windfall within the next 12 months. 

 

Lollapalooza Set for this Weekend 

Music enthusiasts will head to the windy city here in the US for the annual midwest festival, Lollapalooza. With acts such as Sir Paul McCartney, Metallica, and Sam Smith, Alesso and of Monsters and Men (OMAM), we're in for quite a show. The Korrect team will be there, will you?  What Music Festivals have you hit this summer? Check out our list of our most anticipated festivals here.