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The Music Industry Buries Startups: "No Standalone digital music company has achieved profitability," says David Pakman
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HypeBot
The startup world is tough one, particularly when it comes to the music tech industry. This piece looks at how high royalty rates and the threat of lawsuits has prevented music tech startups from seeing the kind of success which other sectors have. The Music Industry Buried More Than 150 Startups. Now They Are Left To Dance With The Giants. Guest post by David Pakman, a partner at Venrock investing in early-stage tech companies. “Since 1997, according to PitchBook, approximately 175 digital ...
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Driving The Future of Owned Media [Fame House White Paper]
Source:
HypeBot
Volumes have been written about the power of social media to market music. But owned media- communication channels that you control- can be even more powerful, when done right. For a musician or labels, owned media includes websites, blogs, email and even playlists. The following is an excerpt from the Fame House White Paper, “Owning Your Audience: Building a Direct-to-Fan Strategy in 2016". Download the complete paper here. By Kate Strollo, Senior Account Manager @ Fame House As digital marketing ...
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Poor Man's Copyright: Enough To Protect Your Songs?
Source:
HypeBot
Traditionally, mailing one's work to oneself was thought to be sufficient evidence of copyright, but this may not actually enough. Here we look at why you should take further steps and register your work with the Federal Copyright Office. Guest Post by Erin M. Jacobson on the Sonicbids Blog The traditional “poor man’s copyright" is a practice where you take a work you've created, put it in an envelope, and mail it to yourself via the United States Postal Service. Because the Postal Service would ...
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How UK's Exit From The EU Could Effect Music Industry
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HypeBot
As the UK referendum on exiting the European Union approaches, new research looks at how a Brexit could affect the music industry. Ticket reseller Ticketbis has taken a look into the possible impacts, from touring artists to fans travelling for gigs and festivals. The major aspects of the music and events industries which could be affected by Britain leaving the EU include: working visas, tax paid on records and merchandise, the touring ability of smaller acts, travel costs, and British fans ...
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EXCLUSIVE: ONErpm Drops Upfront Fees, Streams Grow 30% Monthly
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HypeBot
Digital music distributor, marketer and leading YouTube multi-channel network ONErpm has dropped all upfront fees and barriers to digital distribution; and the results have been good news for both company and its artists and labels. After launching a limited no-upfront costs distribution pilot program just over a year ago, ONErpm today announced that they are dropping all upfront fees for its music distribution service to all download and streaming services, as well as, its market leading YouTube MCN. The company works with 35,000 ...
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$300 Million - $600 Million US IPO Planned For China Based Streaming Music Service
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HypeBot
You think that the Spotify vs. Apple Music vs. Tidal battles are interesting? They are nothing compared to the music streaming competition heating up in the rest of the world. A music-streaming services that you've probably never heard of is planning a $300 million to $600 million U.S. IPO China Music Corp, which is backed by Chinese Internet giant Tencent Holdings and operates Chinese digital music services Kugou and Kuwo has hired Goldman Sachs and Morgan Stanley to prep a US ...
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Has Record Store Day Peaked?
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HypeBot
Record Store Day has been massive success over the past few years, with 2016 being no exception. There is some concern within the industry, however, that this particular commercial phenomenon may have peaked. By Bobby Owsinski on Music 3.0 Since 2008, Record Store Day every April has been a huge hit. In fact, many in the music industry feel that it's been a big reason for vinyl's resurgence, calling attention to a side of the business that had been essentially ...
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Irving Azoff Pens An Open Letter To YouTube: "The root of the problem here is you."
Source:
HypeBot
When you manage Christina Aguilera, the Eagles, Van Halen, Steely Dan, Maroon 5, Bon Jovi and more, what you say carries weight. So while his disagreements with YouTube are not new, Iriving Azoff's just- penned open letter castigating YouTube in response their recent blog post is making waves. Dear YouTube, Your attempt at “Setting the Record Straight" through a post on your “creator blog" last month did exactly the opposite: It was obfuscation to divert artists’ attention from the fact that ...
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