FDBL - As Other Competitors Enter the Music Streaming Market Friendable Inc. (FDBL) and Fan Pass Live Continue Supporting Artists Not Controlling Them
- The global music streaming market is expected to reach $103.07 billion by 2030 – driven by platforms like Spotify
- TikTok’s parent company ByteDance has filed a trademark patent application for streaming services under the name “TikTok Music”
- Friendable’s Fan Pass Live artist streaming platform remains the only 360-degree offering that helps artists produce, distribute, and market music, while allowing artists to collect revenue and maintain complete control over their works
With music streaming platforms rising in popularity, the global music streaming market is continuing to expand, being expected to reach $103.07 billion by 2030, growing at a CAGR of 14.7% from 2022 through 2030 (https://ibn.fm/bvOhf). Although many of the popular streaming platforms, like Spotify, offer free trials and subscriptions, the benefits to independent artists are often unfavorable, with the majority of the revenue kept by the streaming company. As new companies enter the market to leverage services to artists, it is becoming a murky area – with artists being promised favorable revenue and rewards but still being controlled as if by a major record label company.
Already making a name for itself in the short-form video market, TikTok’s parent company ByteDance filed a trademark patent application in May to begin providing music streaming services under “TikTok Music.” The company already offers a music streaming service named Resso in...
NOTE TO INVESTORS: The latest news and updates relating to FDBL are available in the company’s newsroom at http://ibn.fm/FDBL
About InvestorWire
InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.
As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.
For more information, please visit https://www.InvestorWire.com
Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer
InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.InvestorWire.com
Editor@NetworkNewsWire.com
InvestorWire is part of the InvestorBrandNetwork.