BE-HOOKD REWIND #3
We’re looking back to last week and give you a break down of the top music and entertainment stories and social media news you shouldn’t miss.
Instagram & WhatsApp to Add 'From Facebook'
Since buying Instagram and WhatsApp some years back, the team at Facebook have decided to change the titles of these apps to contain 'From Facebook', to put this ownership clearly on display.
The intention is for Facebook to change these names visibly on both the Google Play store and Apple App Store, though it is unlikely that the names will change on home screen icons.
This move and others – such as plans to integrate messaging services across Facebook, WhatsApp, and Instagram – show signs Facebook is holding tighter reins over its properties. Both WhatsApp’s and Instagram’s founders have left their companies in dissatisfaction with Facebook’s new grip. → Read more here
Flagging False Reports on Facebook May Reduce Their Distribution
After the major backlash that Facebook received from the news that the distribution of false news in the lead up to the 2016 US Presidential Election could have led to people make ill-informed decisions when it came to voting, Facebook announced they would introduce measures to combat the spread of fake news on the platform.
This mechanic would flag potentially misleading stories with a new warning, showing that the validity of that report had been disputed by third-party fact-checkers. Facebook partnered with a range of third party organisations to clarify the authenticity of questionable reports on the platform, with the aim to stem the flow of damaging reports. → Read more here
Universal Records $10mil a Day in Revenue from Streaming in Record Half-Year Reports
UMG has announced that revenues from streaming in the first half of 2019 have jumped up 32.1% in the first half of 2019, with their overall recorded music revenues hitting a record €2.596bn, an increase of 22.4%. Overall half-year revenues at UMG’s wider company – including recorded music, plus publishing, merchandise and more – reached €3.26bn ($3.68bn). That was another all-time record, up 24.0% year-on-year. The biggest money-generating artist projects in the first six months of the year (in recorded music) were in order:
A Star Is Born OST
King & Prince
Across the first six months of 2019, streaming made up 60.4% of Universal’s recorded music revenues, with physical sales growing 18.8% year-on-year → Read more here
🎧 Currently on our office stereo: ‘Choose Sides’ - M.O