SoundCloud has claimed the top spot in Legitary's 2023 music streaming accuracy rankings, outperforming industry leaders Spotify and Apple Music. This achievement is based on Legitary's comprehensive analysis of streaming platforms' data reporting accuracy and transparency.

Legitary, an AI-powered auditing company based in Vienna, evaluates platforms using 'Anomaly Scores' - where lower scores indicate more accurate reporting. The company has analyzed billions of streams across multiple DSPs (Digital Service Providers) to identify misreported stream counts.

Key Findings:

• SoundCloud leads in accuracy despite having fewer subscribers than major competitors
• Spotify and Apple Music follow closely in second and third place
• Deezer and Apple Music showed notable improvements
• YouTube's ranking declined
• TikTok consistently ranks lowest, partly due to its viral nature creating tracking challenges

Understanding the Rankings: Legitary's methodology measures significant under- or over-performances for each DSP relative to total stream counts. The system compares reported numbers against expected figures based on historical data and cross-platform streaming behavior.

Implications:

• Smaller platforms can match or exceed larger competitors in reporting accuracy
• Significant variations exist in reporting quality across different DSPs
• Transparent reporting remains crucial for fair artist compensation

According to Legitary CEO Nermina Mumic, these rankings demonstrate that innovation and quality commitment can challenge established industry leaders, emphasizing the importance of transparent reporting for the music industry's sustainable future.

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