This week in music tech – Instagram hits a major milestone, Samsung partners with Google Play music and Spotify acquires Mediachain to solve its music attribution problem.
In this week in review, we’re covering all things music and tech that should have landed on your doorstep. Hear our take on the latest industry news as we have our say and discuss what impact it’ll play on the future.
These are the headlines grabbing our attention this week:
- Instagram hits another milestone as it continues to grow faster than ever
- Samsung will use Google Play Music as the default app on its devices
- Spotify acquires blockchain startup Mediachain to solve music’s attribution problem
Despite the popular photo sharing app temporarily being down earlier this week, it surely hasn’t stopped users addiction as Instagram reaches new heights. With the ever growing popularity of stories and live streaming, Instagram has seen significant growth as users continue to love posting their beloved selfies and photos of their lunches. In just four short months, Instagram has gained yet another 100 million monthly active users, bringing it’s total monthly users to a whopping 700 million.
“Growth was driven by a number of factors, including our ability to better connect people with their friends on Instagram,” said a spokesperson. “We also took steps to simplify and improve our sign-up process, which helped bring in new people from all over the world.”
Is Instagram going to be the next app to join the one billion club alongside Facebook and WhatsApp? As Instagram’s user base continues to grow, so does it marketplace. With now over 1 million active advertisers on the platform, Instagram is becoming a hot marketplace for consumer brands.
Amongst the anticipation around the retail launch of the Samsung S8, both Google and Samsung have announced that Google’s music app will become the preferred music player for Samsung mobile devices. Of course, this means that Play Music will offer exclusive benefits to Galaxy S8 owners as they’ll have access to upload 100,000 tracks to the service’s cloud locker as oppose to regular users 50,000.
The regular Samsung music app remains available to download from the Play Store, however all Galaxy S8 buyers will receive a free three-month trial for Play Music in a bid to compete with other streaming services like Spotify, Tidal and Apple Music.
What are your thoughts on this partnership? Are you looking forward to some free tunes on your S8, or will you still use your current music streaming service? Let us know, tweet us at @hydricmedia.
Spotify has acquired blockchain startup Mediachain Labs, whose team will join the company’s office in New York. They’ll work on developing better technology for connecting artists and other rights holders with the tracks hosted on Spotify’s service.
After Spotify settled a licensing dispute with the National Music Publishers Association in the U.S. last year over unpaid royalties, they plan to leverage Mediachain’s blockchain technology to help solve problems with attribution.
As Mediachain explains in a blog post, its vision for the problem with attribution is a shared data layer.
“A shared data layer is key to solving attribution, empowering creators and rights owners, and enabling a more efficient and sustainable model for creativity online.”
With its co-founder Jesse Walden who was a past co-founder for an artist management firm, as well as CTO Arkadiy Kukarkin, the original engineer at Hype Machine, it’s reassuring to know that Mediachain has past experience within the music industry.
Do you think that this acquisition will draw an end to potential copyright disputes for Spotify in the future? Let us know your thoughts, tweet us here.