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FYI

Luminate Data Market Watch Facts & Figures: August 3rd, 2023

Here is this week's Luminate Data Market Watch report which features Canadian music stats for the current week and YTD with comparisons to last year. This chart is published every Tuesday.

Luminate Data Market Watch Facts & Figures: August 3rd, 2023

By External Source

Here is this week's Luminate Data Market Watch report which features Canadian music stats for the current week and YTD with comparisons to last year. This chart is published every Tuesday. The abbreviation "TEA" is a term used to describe the sale of music downloads or singles. A track equivalent album is equal to 10 tracks, or 10 songs.


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Music Streaming Illustration by Michael M. Santiago/Getty Images

Music Streaming Illustration by Michael M. Santiago/Getty Images

Legal News

LyricFind Sues Rival Musixmatch in Antitrust Suit Over ‘Unprecedented’ Warner Licensing Deal

The lawsuit claims that a "first-of-its-kind" agreement between Musixmatch and Warner Chappell means streamers like Spotify will have "no choice" about where to get lyrics.

LyricFind is suing Musixmatch over allegations that its rival struck an exclusive licensing deal with Warner Music Group (WMG) that’s “unprecedented in the music industry” and is aimed at securing an illegal monopoly for providing lyrics to streamers like Spotify.

In a complaint filed Wednesday (March 6) in San Francisco federal court, the Canadian-founded company LyricFind accuses Musixmatch and private equity owner TPG Global of violating federal antitrust laws by signing the deal with Warner Chappell Music (WCM), the publishing division of WMG, claiming it was designed to crush competition.

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