Digital music

Chart: Which music genres are dominating streaming

New-age musical genres — like R&B and rap, Latin, and electronic/dance — continue to push music consumption towards digital channels, while genres that often cater to older audiences — like Christian/Gospel, Jazz, Rock and Classical — tend to still be consumed via physical albums, according to Nielsen's Music's Mid-Year 2019 report.

Reproduced from Nielsen; Note: Genres may not total 100% due to rounding; Chart: Axios Visuals

Taylor Swift unloads on Scooter Braun's Big Machine deal

Illustration: Lazaro Gamio/Axios

Private equity now owns Taylor Swift's back catalog — and she isn't happy about it.

The state of play: Ithaca, a media holding company led by Scooter Braun, announced that it has acquired Big Machine Label Group, which has released each of her albums thus far. Under terms of the deal, which was partially financed by The Carlyle Group and is said to be valued north of $300 million, Big Machine founder Scott Borchetta will continue to run the label, hold a minority stake in Ithaca, and join its board.