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SoundExchange Pays Out Record $884 Million Amid Uncertain Future
Source:
HypeBot
SoundExchange announced that its royalty distributions in 2016 were $884 million, an increase of more than $80 million over the previous year and an all time high. The record comes amid uncertainty over how SoundExchange revenue will be affected by an increasing number of direct deals between digital broadcaster and rightsholders. “We distributed record-setting royalties to artists and labels in 2016 and broadened our charter beyond our original role of administering statutory licenses. In 2016, besides processing digital radio payments, we ...
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Billboard Adds Pandora To Chart Data
Source:
HypeBot
Slowly, the Nielsen Billboard charts are evolving to reflect how people actually consume music in 2017. The latest data to be added comes from Pandora. Billboard is adding streams from Pandora to its highly valued Hot 100 chart. Pandora streams will also impact other streaming-based charts, and Hot 100 formula-based genre rankings including Hot Country Songs, Hot R&B/Hip-Hop Songs, Hot Latin Songs, Hot Rock Songs, Hot Dance/Electronic Songs and others. Pandora data will be incorporated into the Billboard charts and revealed on Billboard.com ...
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HMV Canada Is Bankrupt, Closing All 102 Stores
Source:
HypeBot
January 27th is being called “the day the music died" by many Canadians. That's the day that an Ontario judge approved bankruptcy for Canada's largest music retailer HMV. On Friday January 27th, an Ontario Canada Superior Court of Judge approved placing HMV Canada into receivership. The application was filed by HUK 10 Ltd, a subsidiary of the U.K. restructuring company Hilco UK which bought HMV in 2011. Court filings show that retailer owes $39 million to the restructuring firm and ...
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It's A Streaming World With Vinyl Only Living In, But It’s Living Much Better These Days [Glenn Peoples]
![It's A Streaming World With Vinyl Only Living In, But It’s Living Much Better These Days [Glenn Peoples]](https://s3.amazonaws.com/allaboutjazz/photos/logo/hypebotlogo2015.jpg){kind=logo}
Source:
HypeBot
Streaming and vinyl are two growth areas helping to return the music industry to profitability. But getting your vinyl pressed hasn't been easy. “You used to not have to worry about manufacturing,” Matthew Johnson, co-founder of Fat Possum Records told Billboard. Image credit: Will Folsom, Creative Commons Attribution 2.0 Generic license More vinyl demand = more vinyl pressing By Glenn Peoples of Pandora What’s going on with the other growth format, vinyl records? Plenty. The latest news on vinyl is Third ...
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Netflix Not Worried About Death Of Net Neutrality, But Startups Should Be Terrified
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HypeBot
With Trump's team of telecom advisors having made clear their intentions to dismantle net neutrality, startups and smaller companies that lack the lobbying muscle of companies like Netflix are in a state of panic. Guest post by Karl Bode from Techdirt With Trump's telecom advisors and the remaining FCC Commissioners making it abundantly clear that they intend to gut net neutrality rules and dismantle pretty much all of the FCC's consumer watchdog functions, there are more than a few worried companies, ...
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Sprint Acquires 33% Of Jay Z's TIDAL For $200M, Promises $75M Fund For Artists
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HypeBot
Sprint has acquired a 33% stake in TIDAL, throwing the Jay Z lead music streamer a lifeline. Rumors that TIDAL was struggling, which have been swirling for months, intensified last week after a detailed report that Tidal had been inflating subscriber numbers. TIDAL and Sprint announced a partnership today that includes the mobile carrier acquiring a 33% stake in the music streamer for a reported $200 million. Jay Z and his other artist-owners will continue to run TIDAL, according to the ...
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Is Artist Sponsorship Today’s Music Payola?
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HypeBot
Originally an illicit under-the-table business, payola has since evolved into the somewhat more legal and above board practice of corporate artist sponsorship, although it still drastically impacts an artist's ability to make it or break it. Guest Post by Bobby Owsinski on Music 3.0 Payola has always been part of the music business and many insiders feel that it’s the reason that some artists become stars, and some stars become superstars. Without money or favors changing hands between the record ...
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IBM's Watson Tells Us The Happiest, Maddest and Saddest Musicians Of All Time [INFOGRAPHIC]
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HypeBot
Researchers used IBM's data crunching 'Watson' software to analyze the tones of thousands of songs across some the world's most popular artists from Elvis to Adele, and from Nirvana to Ariana Grand to determine their mood. Key Findings: Coldplay are as worried and fearful as you might expect; The Rolling Stones are angrier than expected; Nirvana aren't quite as angry as the reputation would have them; Kanye is probably scared of Kim and has less confidence than you might expect; Yoko ...
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