Spotify tells investors everything’s fine, honest

CMU’s Andy Malt and Chris Cooke review key events in music and the music business from the last week, including the UK’s Music Managers Forum new report on the topic of digital burnout and the wider debate around pressures being placed by the music industry on artists - particularly female artists - to be heavily active on TikTok, plus the petition calling on UK song rights collecting society PRS to reconsider its decision to reduce the funding it provides to the PRS Foundation.  STORIES DISCUSSED THIS WEEK • Spotify boss says his big ambitions in audio at large will deliver mega-revenues and better margins • US bank upbeat about Spotify, lumping it in with Netflix is an “overgeneralisation” • Spotify Shares Our Vision To Become the World’s Creator Platform (Spotify blog post) ALSO MENTIONED • 50+ music industry organisations call for a PRS rethink on PRS Foundation funding MORE FROM CMU • Upcoming CMU webinars • Buy MMF and CMU Insights’ Dissecting The Digital Dollar book on Amazon • Sign up to receive the CMU Daily news bulletin • Listen to the full Setlist theme tune