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Pandora Paid $500 Million In Royalties In Last 9 Months
Source:
HypeBot
A service like Pandora generating $500 million in payments to artists and songwriters in 9 months was almost imaginable just 5 years ago. And while some wish it were more, the milestone stands as an example of what building sustainable artist revenue streams can look like in 2016 and beyond. Pandora has generated more than $2 billion in all-time royalties for artists and songwriters, according to stats released by the music streamer today. The milestone comes just nine months after ...
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Streaming Is More Than A Wave – It’s Now the Sea In Which the Music Business Swims
Source:
HypeBot
Like it or not, streaming is quickly becoming the dominant means through which consumers listen to music, and while many frequently dismiss streaming for its failure to pay artists the proper royalties which they are owed, it has become the largest money-maker for the American music industry. Guest Post by John Kohl of TuneGO In the music industry, there are two major— and strangely popular— knocks on streaming services: they pay skimpy royalties to artists and they have cost the ...
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Led Zeppelin Copyright Case To Go Jury, But Band Will Likely Lose
Source:
HypeBot
In the music industry's latest round of copyright accusations, Led Zeppelin is being put on blast for allegedly stealing portions of 'Stairway To Heaven.' The case is set to go to court, with a grim looking outcome expected for the band. Guest Post by Mike Masnick on Techdirt This isn't surprising, even if it is a bit disappointing. Led Zeppelin has long been accused of copying others songs, and there are actually a bunch of videos on YouTube detailing examples. Here's ...
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CÜR Media Raises $2M To Pay Labels, Launch Streaming Service Aimed At More Casual Music Fans
Source:
HypeBot
Social music streamer CÜR Media has had a rocky launch. Recent SEC filings showed that it had missed the deadline for its first payments to all three major labels. The $2 million raised this week should put the startup back on track. CÜR Media has announced the completion of $2 million in financing led by Intuitive Venture Partners and Katalyst Securities. CÜR will to use the cash to pay content providers including the three major record labels and as working capital. ...
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Analyst Mark Mulligan Dives Into IFPI's Global Music Report 2016 And Surfaces Several Surprising Takeaways
Source:
HypeBot
Yesterday the IFPI released its Global Music Report 2016 show the first real growth for the music industry in 20 years driven largely by explosive growth in streaming. Here top music industry analyst Mark Mulligan takes a look at the meaning behind the stats. By industry analyst Mark Mulligan of MIDiA The IFPI today announced its annual assessment of the size of the global recorded music business. For the first time in a long time the music industry has been able ...
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Five Reasons Why Fans Love Vinyl
Source:
HypeBot
While overall physical sales of music have seen a massive decline in recent years as more listeners transition to streaming, vinyl has been making a remarkable comeback, with its sales almost doubling in the past several years. Here we look at some of the reasons behind this unprecedented resurgence in popularity. Guest Post by Jessica Kane Sometimes it seems that no one buys music anymore. A digital download has replaced going to the music store and picking up a CD for ...
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Is YouTube’s Domination Of Music Nearing Its End?
Source:
HypeBot
YouTube's dominant position in the industry has long allowed it take a “my way or the highway" approach with artists, but there are some signs the service may lose its iron grip on the music industry, as it starts to see increasing competition from other platforms, and should make an effort to step up its game. Guest Post by Cortney Harding on Medium For many years now, YouTube has been in a power position when it came to dealing with ...
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The Inevitable Unbundling Of Streaming Music Platforms
Source:
HypeBot
One of the obstacles to successfully monetizing streaming stems from the challenge of getting a more casual music listener to shell out $10 a month for extra music they don't especially want, but by offering a greater variety of payment tiers, more fans might be willing to pay for streaming. Guest Post by Bas Grasmayer, from the MUSIC x TECH x FUTURE weekly mailing The launch of Soundcloud’s new premium tier signals the arrival of yet another $10 all-you-can-eat streaming service ...
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