FORBES reports, “VEVO, the YOUTUBE-style video platform owned by most of the major record labels in the music industry, announced today [5/25] that it is planning on shuttering its consumer-facing website and its consumer-facing apps. It isn’t clear exactly when these items will be gone, but they are not long for this world… though that’s not […]
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It’s Official: Spotify Files For An IPO
It’s Official: Spotify Files For An IPO Earlier today, SPOTIFY filed for an IPO listing on the NEW YORK STOCK EXCHANGE, the NEW YORK TIMES reports. SPOTIFY shares will be traded under the ticker symbol SPOT. According to its filing, SPOTIFY generated had nearly $5 billion in revenue last year, a 39% increase from 2016. […]
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Spotify Facing $1.6 Billion Lawsuit Over ‘Massive, Systemic Copyright Infringement’
In a lawsuit filed in U.S. District Court in LOS ANGELES, WIXEN MUSIC PUBLISHING is accusing streaming service SPOTIFY USA of streaming millions of unlicensed songs in what it calls “massive, systemic copyright infringement.” NBC reports, “the suit includes a 265-page list of thousands of its songs that WIXEN says SPOTIFY is streaming without proper licensing […]
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Universal Music Group Reaches Licensing Deal With Facebook
UNIVERSAL MUSIC GROUP has inked a global deal with FACEBOOK to license its recorded music and publishing catalogs to the social media giant for use in video across its Facebook, Instagram, Messenger, and Oculus platforms. Users will be permitted to upload videos with licensed music from UMG under the agreement, and the companies plan to […]
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7 Best Studio Monitors Under $500, For Small And Large Rooms [2017]
[ad_1] Looking for top quality studio monitors but not sure which are the best to buy? Well you’re in luck, as today we show you seven monitors that will suit any setup type. Professional studios will spend (easily) over $10,000 on a pair of monitors, and usually have at least two pairs. You don’t need […]
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Spotify Glitch Sends Playlist Follower Counts Tumbling
[ad_1] A technical problem has caused the follower counts on many independent Spotify playlists to drop, often by the thousands. Several independent record labels who curate their own playlists first noticed the problem. “Each day we undertake a data processing job to synchronise data – including playlist follower counts – between different systems,” said a […]
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Amazon Is Now 3rd Largest Subscription Music Service In The World
[ad_1] Amazon is now the 3rd largest paid music subscription service in the world, according to a new MIDiA analysis. Their just published report looks at Amazon’s streaming music strategy and how this fits within the wider competitive landscape. Some highlights from MIDiA analyst Mark Mulligan: ___________________________________ Back in the days when online music meant […]
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Marilyn Manson Axes Twiggy Ramirez, Alice Glass Exits Crystal Castles As Music Confronts Its Own “Weinstein” Problem
[ad_1] As a growing number of women out movie mogul Harvey Weinstein for decades of sexual abuse, the music industry is being forced to confront its own culture of harassment. This week rocker Marilyn Manson parted ways with his longtime bassist Twiggy Ramirez after rape allegations surfaced; and Canadian electropop group Crystal Castles lead singer Alice […]
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Music Biz Conference Announces Nashville Dates Thru 2020
[ad_1] [UPDATED] The Music Business Association (Music Biz) conference will stay in Nashville through 2020. The already announced 2018 edition will be May 14-17 at the Omni Nashville Hotel. But the following year, the action moves across the street to the new JW Marriott hotel. The next Music Biz conferences are set from May 5-8, 2019 and May 11-14, 2020, at […]
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Facebook Tests Change That Is CATASTROPHIC For Music Marketing
[ad_1] Facebook is testing a major change to is basic algorithm – the one that decides what shows up in a followers news feed – that will completely change music marketing on the social platform; unless, of course, one is willing to pay to be seen. Facebook is testing a change that would shift all […]
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Independent Music Labels Capture Growing 38.4% Market Share Thanks To Streaming
[ad_1] [UPDATED] A new study commissioned by the Worldwide Independent Network (WIN) looks at the global market share of independent music labels based on copyright, rather than distribution, and reveals a very healthy indie sector on the rise. ________________________ A new WINTEL 2017 report shows indie labels capturing 38.4% of the global recorded music market. […]
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Fender Launches NEW Digital Learning Program Today
Fender Musical Instruments Corporation (FMIC) today announced the launch of Fender Play, a first of its kind video-based learning platform for desktop and iPhone, poised to innovate the guitar education landscape. Fender Play is designed to change the way beginning players learn how to play guitar through hundreds of easy-to-follow, instructor-guided video lessons utilizing a […]
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Pandora Reaches Out To Record Companies For Help
PANDORA MEDIA has made a move to reduce pressure from shareholders, asking major record labels for money or better deal terms to help the webcaster reverse losses. BLOOMBERG reports, “Top executives at PANDORA have reached out with a couple of proposals for their counterparts at the record labels, which sell PANDORA the rights to vast […]
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The Global Sync Market Is Set To Explode For Indie Artists and Labels
The amount of money pouring into record companies from sync keeps on growing. According to IFPI figures, record companies accrued $355m from licensing their tracks to video games, movies and TV in 2015 – up 6.6% year-on-year. The US is the world’s largest sync market, accounting for 57% of 2015’s revenue with $203m, while other […]
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A Q&A Discussion with Owen Kwon and Marc Finer About High Resolution Audio
We all know that the world of recorded music is always changing. High resolution audio has already penetrated the audiophile marketplace. Now it’s the mass market’s turn. In order to bring everyone who loves music up-to-date on the status of high resolution audio, we turned to the ultimate sources — Owen Kwon, President of Astell&Kern, […]
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iTunes Music Is a Big, Fat, Bloated Disaster of an App
Entire iTunes collections are going AWOL, downloads are getting mangled, IDs are fighting with one another, and Apple Music is acting weird again. What needs to change? Has iTunes become an unmanageable monstrosity? In the latest battle against its own ‘bloatware,’ Apple sent two engineers to a user’s home after 122 GB of his personal music collection vanished […]
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One Billion People Will Be Paying For Music By 2021
According to John MacFarlane, CEO of Sonos, the music industry will hit a billion paying music streaming users and it will only ”take around 5 years” (so by 2021). Interesting… But how? ”Apple and China will take the lead” and everyone else will follow, says MacFarlane. (1) Apple effect The early entrants in the music streaming market […]
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Musicians, Check Out Instagram’s New Analytics…
Instagram is launching analytics for businesses and brands that use the platform, according to a post on the Later.com blog. The new feature will be called ‘Insights’, and will provide information on the demographic of a users’ followers, including location, age, and gender. Besides follower analytics there is also a section that will focus on post analytics. Providing follower […]
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