#Newsfeed: Instagram encroaches on Snapchat’s turf of social media influencers; JAY-Z forgoes up to $1 Million weekly as he keeps ‘4:44’ off Spotify; Snap tests the retail waters by selling Spectacles in Harrods
Plus are dating apps the new social networks?
Facebook has released some updated stats on video consumption on the platform, with big increases recorded for both Facebook and Instagram. In news that should surprise no one – given how much Facebook has been favouring video content recently – daily watch time for Facebook Live broadcasts has quadrupled in the last year, while time spent watching video on Instagram has increased by 80% in the same period. On top of this, Instagram reports that the number of videos posted per day on the platform has continued to increase by 4X year-on-year, and that trend looks set to continue as Instagram Stories continues to gain traction.
Read a further summary of the new stats here.
Read more about this story here.
The battle between Instagram and Snapchat has moved to a new battlefield – social media influencers. According to CNBC, more and more accounts with significant followings are migrating to Instagram due to constant updates to the platform. “Snapchat should’ve went back to the drawing board and figured out a new way to compete, instead of being romantic to how [it] has been running for the last couple of years,” Snapchatter of the Year Harris Markowitz told CNBC.
Read more about this story here.
JAY-Z is likely foregoing weekly payments of hundreds of thousands of dollars – potentially close to $1 million a week – from Spotify, as a result of his decision to release 4:44 nearly everywhere online except Spotify, industry insiders tell Billboard. That math assumes 4:44 would have attracted as many streams in a week’s time on Spotify as the service’s top-ranked track, the “Despacito” remix by Luis Fonsi, did in a single week.
Crunch more of the streaming numbers here.
- Facebook Releases New Report on Video Consumption Behaviours on Facebook and Instagram [via Social Media Today]
- Fury over Facebook event fail [via News Limited]
- Facebook could be next to try out modular devices, a patent suggests [via Digital Trends]
- White House communications director Anthony Scaramucci says he’ll delete tweets the internet already recorded [via Recode]
- Sir Cliff Richard warns fans of fake Twitter fraudsters out for their cash [via Mirror UK]
- Instagram encroaches on Snapchat’s turf of social media influencers, winning their hearts, minds and posts [via CNBC]
- If you don’t boast about your trip on Instagram, are you even in Europe? [via SMH]
- JAY-Z Forgoes Up To $1 Million Weekly As He Keeps ‘4:44’ Off Spotify [via Billboard]
- Gotye Apparently Turned Down Millions in YouTube Royalties [via Stereogum]
- Linkin Park have created a tribute website for Chester Bennington [via NME]
- How SoundCloud’s broken business model drove artists away [via The Verge]
- Apple Music Finds a Sneaky Way Around the ‘Album Exclusive’ [via Digital Music News]
- Streaming Now Dominates U.S. Music Consumption [CHART] [via hypebot]
- Arcade Fire spoof music website with ‘Premature Premature Evaluation’ review of own album [via NME]
- Vice Media closes electronic music site Thump [via FACT Magazine]
- Aphex Twin launches micro streaming service full of Aphex Twin songs [via The Verge]
- YouTube is killing its built-in video editing tools [via Mashable]
- Snap tests the retail waters by selling Spectacles in Harrods [via TechCrunch]
- Dwayne ‘The Rock’ Johnson just announced a new movie co-starring Siri [via The Verge]
- A visual journey through the evolution of the influencer [via Mashable]
- Drone-owning Brits will have to register their machine and take a test [via Digital Trends]
- Air France is launching an airline for millennials, a generation that ‘inspired us a lot’ [via The Verge]
- Amazon pitches its Australian creative account [via Mumbrella]
- Razer is making a phone for gamers (probably) [via The Next Web]
- Are dating apps the new social networks? [via Mashable]
- TRENDING: #JordanSpieth,
JADEN JAM: Just when you thought you’d heard every version of ‘Despacito’ imaginable, someone has given it a metal makeover.