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Spotify increases music industry market cap market share in Omdia’s third quarter music industry share review

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LONDON, Oct. 2, 2024 /PRNewswire/ — According to new analysis from Omdia, Spotify has increased its market share of the leading music companies’ combined market capitalization in the third quarter of this year.

After overtaking Universal Music Group (UMG) to become the biggest music industry company in the second quarter, Omdia’s Music Industry Sharewatch, 3Q24 has revealed that Spotify’s market share of the 28 companies tracked ended September at 32.9%, up from 28.7% at the end of June. Spotify’s market cap over the three-month period increased, to $72.2bn from $62.5bn. UMG remained in second place, but the company’s market share was down, to 21.8% from 24.7%.

In a strong quarter for live music promoters, Live Nation took third spot in the rankings. It’s market cap ended the quarter at $25.4bn compared with $21.7bn at the end of June, boosting the company’s market share to 11.6% from 10%. Chinese music streaming service Tencent Music Entertainment slipped to fourth place with a market share of 8.7%. Rounding out the top five, WMG’s market cap share edged up, to 7.4% from 7.3%.

In a good quarter for music overall, 15 of the 28 tracked companies registered an increase in their share prices over the quarter with 13 recording a negative performance. US broadcast group iHeartMedia was the top performer. Its share price opened on July 1 at $1.09 and closed on September 30 at $1.85. The company’s market cap in the quarter increased, to $289m from $196m. At the other end of the scale, US music and entertainment service LiveOne suffered the biggest decline, with its share price dropping 38.4%, to $0.95 from $1.54.

The combined market cap of the 28 companies ended September at $219.6bn compared with $217.5bn at the start of July and $194.2bn at the beginning of the year. Of the total, US-listed companies accounted for 65.6% of the combined end-September market cap total, with Netherlands-listed companies generating 21.8%, and German-listed companies 4.6%. The market cap share for streaming services stood at 43.4%, with record companies/music publishers accounting for 35.4%.

“Spotify’s performance in the third quarter is a continuation of the company’s strong showing in quarters one and two,” said Simon Dyson, Senior Principal Analyst at Omdia. “So far this year the share price has almost doubled. In contrast, UMG’s share price has struggled to regain the losses following the release of the company’s midyear results,” Dyson added.

ABOUT OMDIA:

Omdia, part of Informa Tech, is a technology research and advisory group. Our deep knowledge of tech markets combined with our actionable insights empower organizations to make smart growth decisions.

Fasiha KhanFasiha.Khan@omdia.com

 

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BRYTESIGHT Celebrates Five Years of Empowering Innovation in Technology Consulting

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BRYTESIGHT, a trailblazing technology and design consulting company, is elated to announce its five-year anniversary and new website launch.

FLOWER MOUND, Texas, Oct. 13, 2024 /PRNewswire-PRWeb/ — BRYTESIGHT, a trailblazing technology and design consulting company, is elated to announce its five-year anniversary. Since its inception in 2019, BRYTESIGHT has delivered cutting-edge solutions that have revolutionized buildings one project at a time.

Over the past five years, BRYTESIGHT has carved a niche as a leader in comprehensive full-service technology consulting and design.

Over the past five years, BRYTESIGHT has carved a niche as a leader in comprehensive full-service technology consulting and design. As the go-to technology consultant, BRYTESIGHT provides design, procurement, implementation oversight, and project management for facility and construction projects.

“There isn’t another company out there like BRYTESIGHT, in terms of the expanse of our expertise and service capabilities,” said Billy Assell, CEO. “BRYTESIGHT is dedicated to continuously staying on top of the most innovative approaches to technology to ensure success is maximized and potential is reached.”

BRYTESIGHT has been committed to fostering a culture of innovation and adaptability. By embracing emerging technologies and staying ahead of trends, the company has consistently delivered solutions that ensure clients’ critical technology needs are fully understood and holistically integrated within the overall design and intent of their facilities. BRYTESIGHT’S diverse portfolio showcases a range of successful projects, including some high-profile clients like Vestis, the Big 12 Conference, and the University of Missouri.

“Most of our clients and partners are very anxious about technology because they aren’t as familiar with it, and it’s always changing,” said Randy Shaw, Sales Director. “We give people peace of mind that our bright-minded team has the technology expertise today, to best position your business and your real estate projects for a successful tomorrow.”

As part of the anniversary celebrations, BRYTESIGHT has launched a new website showcasing the team, their services, and some of their top projects over the past five years. Head to brytesight.com to learn more.

Based out of Flower Mound, Texas, BRYTESIGHT is a comprehensive full-service technology consultant and design firm serving companies not only in the US but internationally as well!

Media Contact

Kara Brown, BRYTESIGHT, 1 888.207.3449, kara.brown@brytesight.com, https://brytesight.com/

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NASA Welcomes Estonia as Newest Artemis Accords Signatory

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WASHINGTON, Oct. 13, 2024 /PRNewswire/ — While in Milan for international meetings, NASA Administrator Bill Nelson was among the witnesses as Estonia signed the Artemis Accords and became the 45th nation to join the United States and other signatories agreeing to the safe, transparent, and responsible exploration of the Moon, Mars, and beyond.

The signing ceremony took place ahead of Italy hosting the 75th International Astronautical Congress beginning Monday, Oct. 14, where government and space officials from signatory countries will discuss advancing implementation of the Artemis Accords, among other topics.

“We welcome Estonia’s signing of the Artemis Accords, which will open the door for more international collaboration,” said Nelson. “This decision also strengthens our family of nations, united by a common cause, and builds on our commitment to explore space for the benefit of humanity under the sound principles of the accords.”

Erkki Keldo, Estonia’s minister of economy and industry, signed the Artemis Accords. Rahima Kandahari, deputy assistant secretary for the U.S. State Department and Lisa Campbell, CSA (Canadian Space Agency) president, also participated in the event.

Estonia is well known as the leading country in e-governance, and it is a great honor for us to enter a next level in space exploration,” said Keldo. “We are more than interested to share our knowledge with the global space community to make future collaboration in space exploration a success for humankind. I am sure that joining the Artemis Accords will open attractive opportunities to Estonian enterprises too, to share their valuable knowledge and competences.”

In 2020, the United States and seven other nations were the first to sign the Artemis Accords, which identified an early set of principles promoting the beneficial use of space for humanity. The accords are grounded in the Outer Space Treaty and other agreements including the Registration Convention, the Rescue and Return Agreement, as well as best practices and norms of responsible behavior that NASA and its partners have supported, including the public release of scientific data. 

The commitments of the Artemis Accords and efforts by the signatories to advance implementation of these principles support the safe and sustainable exploration of space. More countries are expected to sign in the coming weeks and months.

Learn more about the Artemis Accords at:

https://www.nasa.gov/artemis-accords/  

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SOURCE NASA

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CollectorZown.com Celebrates Milestones and Exciting Upcoming Events: Meet Marcos at New York Comic Con, Join the YouTube Celebration, and Prepare for STATUECON 2025

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CollectorZown.com is excited to announce their participation at New York Comic Con from October 17-20, 2024, where Marcos will be at booth #3405 with Premium Collectible Studios to connect with fans and showcase new collectibles. The company recently surpassed 10,000 subscribers on their YouTube channel and is celebrating with a special giveaway, alongside a collaboration with the All Things Art YouTube channel for a Penguin Premium Format Statue giveaway. Planning is already in progress for STATUECON 2025, set for August 7-10, 2025, promising another memorable event for collectors.

SAINT JOSEPH, Mich., Oct. 13, 2024 /PRNewswire-PRWeb/ — CollectorZown.com, a leading online retailer of high-quality collectibles and statues, is thrilled to announce a series of exciting events and milestones as the company continues to grow its presence within the collecting community. With appearances at major conventions, new milestones on YouTube, and planning well underway for their signature event, STATUECON 2025, the team at CollectorZown is more committed than ever to bringing the best of pop culture collectibles to their fans.

Marcos, the passionate co-founder of CollectorZown, will be attending New York Comic Con from October 17-20, 2024, at booth #3405. Marcos will be teaming up with Premium Collectible Studios (PCS) to showcase an incredible selection of collectible statues and figures.

Meet Marcos from CollectorZown at New York Comic Con

Marcos, the passionate co-founder of CollectorZown, will be attending New York Comic Con from October 17-20, 2024, at booth #3405. Marcos will be teaming up with Premium Collectible Studios (PCS) to showcase an incredible selection of collectible statues and figures. This booth will be a must-visit for collectors and fans eager to see some of the most impressive pieces available from Premium Collectible Studios (PCS). Marcos is looking forward to connecting with the collecting community, sharing insights about upcoming releases, and hearing directly from fans. Be sure to stop by booth #3405 to meet Marcos, get a close look at the latest PCS offerings, and talk all things collectibles!

YouTube Success and Celebratory Giveaways

CollectorZown has recently reached a major milestone—surpassing 10,000 subscribers on their YouTube channel! This accomplishment reflects the dedication of both the team and their loyal community of collectors. To celebrate, CollectorZown is hosting a special giveaway with some fantastic prizes. Fans can find all the details and enter the giveaway by visiting https://www.collectorzown.com/pages/YouTube-10k-Giveaway. In addition, CollectorZown is partnering with the popular YouTube channel *All Things Art* to celebrate breaking 100k subscribers with a Penguin Premium Format Statue giveaway. This collaboration promises to bring even more excitement and opportunities for fans. More information on the giveaway can be found on the All Things Art channel at https://www.youtube.com/watch?v=SfFhk30pqaE.

Planning Underway for STATUECON 2025

CollectorZown is also excited to announce that planning for STATUECON 2025 is already well underway. This highly anticipated event, set to take place from August 7-10, 2025, will bring together collectors, creators, and fans from around the world for a celebration of the art and passion behind collectible statues. STATUECON has become a key date on the calendar for the collecting community, offering exclusive previews, interactive panels, and a chance to connect with fellow fans and industry experts. Marcos and the entire team at CollectorZown are looking forward to welcoming fans to another unforgettable experience at STATUECON 2025.

About CollectorZown.com

CollectorZown.com is a premier destination for collectors, offering an extensive range of high-quality statues, figures, and limited-edition collectibles from beloved franchises. With a deep passion for the art of collecting and a commitment to exceptional customer service, CollectorZown has built a vibrant community of fans and collectors. Through their hands on approach, exclusive releases, and engaging content, the company aims to provide fans with access to the collectibles they love while fostering a welcoming community for all.

For more information about CollectorZown, their upcoming events, or their latest collectibles, visit www.collectorzown.com or follow them on YouTube at www.youtube.com/@CollectorZown.

Media Contact

Marcos Matijevic, CollectorZown, 1 2483904537, collectorzown@gmail.com, www.collectorzown.com

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