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Music Industry

How An "Oddball" Venue In Brooklyn Became A Haven For Artists

Source: HypeBot
May 25, 2017

This article explores the phenomenon that is Brooklyn's National Sawdust, a new venue and crew working to make life easier for artists by helping them to bring their vision to life onstage, while attracting new potential fans. Guest post by Dana Tom of Eventbrite Being an artist in New York City means knowing how to hustle. Urban life is fast-paced and expensive, and competition is extreme. For musicians outside the pop mainstream, it can be tough getting paying gigs—never mind ...

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Music Industry

Major Labels Are Now Earning $9000 A Minute From Streaming

Source: HypeBot
May 24, 2017

While many remain dubious regarding revenue from streaming, a recent study from Music Business Worldwide shows that major labels are actually pulling in roughly $9000 a minute from streaming services, a number that looks to be on the rise. Guest post by Bobby Owsinski on Music 3.0 For those that said that streaming revenue would never replace that from CDs there’s this – According to a study done by Music Business Worldwide, the major labels made around $9000 every minute from ...

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Music Industry

Amazon Prime Live Events, More Than Just Gigs For Old People [Mark Mulligan]

Source: HypeBot
May 19, 2017

Although Amazon's 'Prime Live Events' have been critiqued for being an 'iTunes Festival for old people', the small-scale gigs by these heritage acts actually represents some clever strategy on the part of Amazon, as it looks to mix of the live/streaming game in a crowded industry. Guest post by Mark Mulligan of Music Industry Blog Amazon has announced ‘Amazon Prime Live Events’, a series of smaller capacity gigs by largely heritage acts made available exclusively to Amazon Prime members in ...

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Music Industry

The MP3 Is Dead, Long Live The MP3

Source: HypeBot
May 18, 2017

Although the ability to 'kill' anything on the internet is questionable best, the alleged demise of Pepe The Frog was accompanied by the apparent death of the MP3, after the research company which holds the patent for MP3 coders and decoders terminated their licensing program for said patents. Guest post by Leigh Beadon of Techdirt Last week, there were two widely reported “deaths" on the internet: Pepe The Frog and the MP3 audio codec. Most people seemed to understand what ...

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Music Industry

Universal Music Ties With Tencent In Major Expansion Into China

Source: HypeBot
May 17, 2017

Universal Music Group and Tencent Music Entertainment Group have entered into a partnership that will significantly expand the international music market in China. Under the terms of a new deal, China's Tencent Music Entertainment (TME) will distribute music from UMG's vast global catalog on its popular streaming platforms QQ Music, KuGou and Kuwo. TME also becomes the master distributor and licensing partner, exclusively sub-licensing content to other music services in China. In China, TME is one of the largest music platforms, ...

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Music Industry

Pandora May Sell Ticketfly To Refocus On Streaming

Source: HypeBot
May 17, 2017

Pandora is exploring the sale of ticket seller Ticketfly. Purchased for $335 million in 2015, Ticketfly combined with Pandora was touted as a game changer. But given Ticketmaster's dominant position, the pairing has proven to be more good PR than great business. During a self-imposed 30 day period when everything is on the table, Pandora is considering the sale of its ticketing arm Ticketfly. Acquired in 2015 for $335 million, Ticketfly was more recently valued at $450 million. Pandora is ...

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Music Industry

Could Part Of Universal Music Be Up For Sale?

Source: HypeBot
May 17, 2017

In a first-time valuation, Universal's parent company Vivendi recently dropped word that it's subsidiary had a price tag of $22 billion suggesting Vivendi either wants to sell part of it, or move the company public in an attempted cash grab. Guest post by Bobby Owsinski of Music 3.0 Universal Music’s parent company Vivendi recently put a public price tag of $22 billion on the company, which seems odd since it hasn’t valued this asset before. In fact, the only good ...

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Music Industry

King Crimson Guitar Legend Trey Gunn's 7d Media Label To Merge With DiN Records

Source: Glass Onyon PR - Keith James
May 14, 2017

Trey Gunn (King Crimson, KTU, Security Project, solo artist) started 7d Media 15 years ago. The label began mainly as a vehicle for his own releases/projects and those of his closest colleagues (Tony Levin, Pat Mastelotto etc…) The label has steadily grown and now encompasses a variety of releases connecting both progressive rock (Stick Men, Markus Reuter, TU etc…) to some of the more unusual world music (Phurpa, Inna Zhelannaya, Kimmo Pohjonen, etc…) Based in the UK, the DiN label ...

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