In just over a year since its launch, more than 80% of the platform’s worldwide subscribers enjoyed the feature.

“With Spatial Audio, Apple Music set a new quality bar for music streaming, giving fans a deeper and more immersive experience than ever before,” Apple said in a release on Tuesday (January 10) as it disclosed that monthly plays in Spatial Audio have skyrocketed by over 1,000% in 2022.

Warner Bros Discovery was formed in April last year via the merger of WarnerMedia with Discovery, after the former company completed its acquisition of WarnerMedia from AT&T.

The merger combined entertainment and media properties ranging from the Discovery Channel, to Warner Bros. Entertainment, CNN, DC, Eurosport, HBO, HBO Max, HGTV, the Food Network and more

Sony just introduced two new devices called the NW-ZX707 and the NW-A306, which the company claims, offer “evolutionary sound”.

Music can be either streamed via Wi-Fi or downloaded to the devices.

The new Walkman players are supported by Android, and Sony says that you can use “your favourite streaming and music apps right on your Walkman or connect to a PC to access your music collection”.

Apple iOS compatibility is not mentioned in the product description.

MBW’s Stat Of The Week is a series in which we highlight a single data point that deserves the attention of the global music industry. Stat Of the Week is supported by Cinq Music Group, a technology-driven record label, distribution, and rights management company.

Web3 music platform Public Pressure has raised USD $6 million in its new round of funding led by digital asset manager Scytale, which invests in blockchain solutions.

Former CNN CEO Jeff Zucker has launched a joint venture with private equity firm RedBird Capital Partners and Abu Dhabi-based International Media Investments to acquire and invest in “large scale media, entertainment and sports content properties” on a global scale.