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The new feature generates offline playlists without manual downloads, boosting the app鈥檚 stickiness and expanding streaming options.

It allows access to numerous applications including immersive virtual worlds, gaming, social media, music streaming, and finance. The biggest difference between Web3 and its predecessors lies in decentralization: It is jointly operated by multiple players instead of being controlled by central authorities, such as Google or Microsoft in the current version of the internet.

Walmart Plus also competes with Amazon Prime, which includes everything from fast, free shipping to video and music streaming services to photo storage, to discounts at Whole Foods. 鈥淎nd so while Walmart Plus offers some bells and whistles in addition to free delivery, I think there's a lot of room for it to expand the breadth of perks to entice people to sign up and to stay enrolled,鈥� he said.

Millions lost access to music and podcasts and scheduled meetings were inaccessible for hours. Spotify鈥檚 mobile and web apps failed early in the day. The company blamed the outage on technical problems. Zoom went dark later in the day due to a GoDaddy domain error. While Zoom鈥檚 outage took place within hours of Spotify鈥檚, the two incidents seem to be unrelated.

TikTok entered the music streaming game in Brazil and Indonesia, providing yet another type of media TikTok aims to take over. Music could present an opportunity for TikTok in the US, where digital audio services ad spending will total $6.79 billion this year, according to our forecast. TikTok killed its BeReal clone.

But the rapid increase in smart TVs has led to CTV鈥檚 rise and easy access to streaming content on the largest screen in the home. Desktops/laptops and tablets will maintain a sizable share of daily media time, at 1:37 and 1:02, respectively. Smartphones have led to a steady decline in desktop/laptop usage.

US Gen Z adults鈥� top two daily media activities are streaming video (46%) and streaming music (43%), per a May 2023 Morning Consult survey.

Engagement goals: Spotify dominates the US podcast market with 43.1 million listeners, compared with 33.1 million on iHeartRadio and 28.7 million on Apple Music, per our forecast. Boosting comment features could help podcasters increase audience engagement and allow Spotify to better compete with YouTube and TikTok, which both already host video podcasts and comment sections.

On today's episode, we discuss how social media engagement is changing, whether TikTok is the new Google for young people, if the "deinfluencing" trend is here to stay, whether YouTube Music can compete with Spotify and Apple Music, what the road to electric vehicles looks like, and more. Tune in to the discussion with our director of reports editing Rahul Chadha, director of forecasting Oscar Orozco, and analyst Max Willens.

It offers ad-free listening for about 100 million songs and millions of podcast episodes with Amazon Music, access to a vast collection of programming and live sports on Prime Video, and unlimited photo storage with Amazon Photos.

On today's podcast episode, we discuss why fewer folks are signing up to Spotify, whether breaking out an audiobook-only tier makes sense, and how much a speculative 'Music Pro' can move the needle. Tune in to the discussion with our analyst Ross Benes.

These included mobile (up 8 minutes), social and messaging (up 4 minutes), and music streaming (up 2 minutes). In Canada and the UK, mobile was the only media format that gained time spent, up 6 minutes and 4 minutes, respectively.

On today's podcast episode, we discuss how Spotify reached sustained profitability, what a 鈥渄eluxe鈥� tier might look like, and where the audio streaming giant goes from here. Tune in to the discussion with host Marcus Johnson and analyst Daniel Konstantinovic.

By integrating AI across speech, music, and code, Google positions Workspace as the one-stop shop for enterprise-grade creativity and automation.

Some 65% of TikTokers prefer content from brands that feature original sounds, according to 2021 MRC Data. TikTok sounds allow users to attach posts to songs and other audio which can then drive an association between the song and the brand. TikTok already has a Commercial Music Library of royalty-free tracks, but brands can push social campaigns a step further by creating their own viral songs.

On today's episode, we discuss the significance of Google's ChatGPT rival Bard, whether Instacart's shoppable TV QR codes can be a hit, if Fanatics can crack the US livestream shopping code, whether Twitter allegedly shedding users is a short-term issue, where (and how) we listen to music, and more. Tune in to the discussion with our director of reports editing Rahul Chadha and analysts Blake Droesch and Evelyn Mitchell.

Dan Gallagher of the Wall Street Journal noting the timing made Spotify look almost charitable given its peers Apple and Amazon had raised prices on their music streaming offerings months earlier. And plenty of other streaming services, video streaming services, people have had to pay extra for, and they were one of the last ones to do so.

On today's podcast episode, we discuss what social networks can't stop getting wrong, whether Amazon can make its app fun, if enough people care about voice assistants, whether Uber's "Return a Package" feature will take off, how AI may change entrepreneurship, which music format has made the most money for the music industry in the past 50 years, and more. Tune in to the discussion with our vice president of content Suzy Davidkhanian, vice president of Briefings Stephanie Taglianetti, and analyst Max Willens.

In an interview with Axios, the company鈥檚 head of music and audiobooks, David Kaefer, said, 鈥渁dvertising is not really a model we鈥檙e thinking about鈥� for this product. Axios also reviewed internal Spotify documents revealing that the company is paying hundreds of millions annually to audiobook publishers for distribution rights.

Music/audio penetration was 78.1% in H1 2023. That trails only Latin America and North America. Unlike video streaming, uptake of audio streaming was influenced by age, income, and living location. Listeners skew young, wealthy, and urban.

Digital Media and Entertainment: This group will include video content streaming platform Youku Tudou, music streaming platform Xiami Music (which was shuttered in 2021, but could be spun off), online ticketing platform Damai, and online literature platform Alibaba Literature. Local Consumer Services: This group will include on-demand delivery and local services platforms such as Ele.me and Koube.

YouTube鈥檚 ad business took a hit in the latter half of 2022, with revenues down year over year in both Q3 and Q4. The company has since hired a new CEO, hiked YouTube TV prices, and introduced podcasts to YouTube Music to try to reverse the downward trend.

The rest will go to streaming radio from local and national broadcast stations, satellite services, and other online platforms that may offer ad-supported on-demand music and audiobooks in addition to more curated radio-like listening experiences. Podcasts are driving growth in digital audio services ad spending but have had less traction among programmatic advertisers.

We forecast Amazon鈥檚 US sales of books, music, and video will reach $59.46 billion in 2025, 89.2% of total books, music, and video ecommerce sales. But that share could decline if competitors can tap into the trends shaping reading culture, like the desire for in-person communities or #BookTok鈥檚 popularity. This was originally featured in the Retail Daily newsletter.