Industry
“We’re gonna pay a portion of it, and then the streamer will need to contribute a portion in terms of the revenue.” Dan Clancy, CEO of live streaming platform Twitch, says DJs using its platform to stream sets will soon have to share their revenue with labels. However, Twitch will be splitting the costs with […]
The agency has already launched its first campaign, which sees Coca-Cola team up with Peggy Gou. Spotify has launched a brand new, in-house “music advisory agency” to assist brands in building connections with emerging talent and run campaigns that will be beneficial for both parties. The agency, called AUX, has already landed Coca-Cola as its […]
In order to generate the large sum of royalties made, a track would need to be streamed over 80 million times. A Danish man is currently facing trial for alleged streaming fraud after earning more than £500,000 (4.38m kroner) in royalties. The case is being described as a “first of its kind” due to the […]
“TikTok attempted to bully us into accepting a deal worth less than the previous deal, far less than fair market value and not reflective of their exponential growth,” says UMG. The entirety of Universal Music Group’s song catalogue will be removed from TikTok after its current licensing agreement expires on 31 January 2024, Music Business […]
According to reports, shareholders Raine Group and Temasek Holdings have begun talks with investment banks for a potential auction. It’s been revealed that SoundCloud is expected to be auctioned off later this year with a price tag of over $1 billion, according to reports. Sky News recently reported that major shareholders Raine Group and Temasek […]
The partnership between Sonorus and Linea is rooted in a shared vision of harnessing the power of blockchain to enhance the user experience and platform scalability. Amsterdam, The Netherlands, Dec. 13, 2023 (GLOBE NEWSWIRE) — In a move that signals a significant leap forward forWeb3, Sonorus, a leader in the blockchain music scene, has announced […]
The year also proved to be a record-breaking one for female artists, who spent 31 out of 52 weeks atop the UK’s Official Singles Chart. The British Phonographic Industry (BPI) has published its 2023 report on music consumption, with the results showing a ninth consecutive annual rise in the UK’s consumption of recorded music. According […]
Spotify, Apple, YouTube, and Amazon generate 96 percent of income for independent artists. A new report has found that independent musicians need to generate five million streams annually to make the US federal minimum wage. The data has been uncovered in the annual 2023 Music Economics Report for Independent Artists from music financing platform, Duetti. […]
Construction of the cutting-edge facility is set to begin in August 2024. Roland has announced its plans for expansion with a new global headquarters to be built in the heart of Hamamatsu, Japan. Costing approximately 7 billion yen – almost £38 million – construction of the cutting-edge facility is set to begin in August 2024 […]
The platform has been designed with DJs and electronic music artists in mind, but musicians of any genre can join. Music marketplace Artcore, a new alternative to Bandcamp, has officially been launched. The platform has been designed with DJs and electronic music artists in mind, and lets users sell music directly to fans and DJs. […]
