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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]
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
Source:
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
Source:
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?
Source:
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]
Source:
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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Investors Are Poised To Disrupt Music Funding [Antony Bruno]
Source:
HypeBot
As interest begins to grow among private investors, it looks as though music funding will be the next aspect of the music industry to experience disruption, as cash-strapped artists are forced to seek an alternative to labels. Guest post by Antony Bruno of Royalty Exchange Contrary to popular belief, the biggest disruption to the traditional music business over the last 10 years was not solely the introduction of digital distribution. Instead, it’s been the slow, gradual disaggregation of all the artist services that labels ...
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How One City Supports Its Music Scene: Philadelphia, PA
Source:
HypeBot
Here musician and longtime Philadelphian Nick Millevoi shares some his favorite venues in the city, giving us an inside look at how such a large city can sometimes feel like a small town of interconnected scenes and genres. Guest Post by Nick Millevoi on Soundfly's Flypaper I'm a lifetime Philadelphian and proud of it. It’s an interesting place to grow up and be a musician. Philly is a big East Coast city that can feel like a small town of ...
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