Home » Jazz News
Music Industry News
Timely announcements covering new album releases, tours, concert series, special events, job postings, crowdfunding campaigns and more. You can find more news by searching our website, viewing our news stream, seeing what's trending or reading our blog posts. Subscribe to our news RSS feed and/or embed AAJ news content on your website or blog. Learn about our news service here. Submit news here.
Where Local Music Ecology Goes when It Dies
Source:
HypeBot
The record industry is dying. That's what we're told. The corporate behemoths have for too long gouged music fans and screwed over artists. Thus, the digital revolution is equal parts murder and suicide. Major labels shot themselves in the face and everyone else dug their grave. Yet behind the scenes of this tragedy, something much worse looms. Our local ecologies of music culture are vanishing. And the landscape has been tilted against their development. This is the natural, living part. And unlike ...
Continue Reading
YouTube Says Free Music Now Pays as Well as Paid Music Plus What That Means for Music Streaming
Source:
HypeBot
Citing growing traffic, a 200-300% jump in advertising revenue over the last year and an imporved Content ID system that allows music rightsholders to profit from infringing content (like videos of cats singing Lady Gaga), YouTube says that free content on its site is often returning as much revenue as paid music. “Our larger music partners on the site are making millions of dollars per month," YouTube director of content partnerships Chris Maxcy told Evolver.fm. “The other thing that's astounding ...
Continue Reading
EMI CEO Says Citi Takeover Relieves Pressure
Source:
HypeBot
In an extensive round of media interviews and meetings with staff yesterday, EMI CEO Roger Faxon sent a singular message: Citigroup's acquisition and recapitalization relieves pressure on the music group and makes it possible for EMI to “pay attention much more directly to the operating performance of the business and to driving for growth in the future." “One of the things that people don't appreciate is that EMI was able to pay the debt service on that £3.4bn." Faxon told ...
Continue Reading
Other Places: Reprieve in Detroit
Source:
Rifftides by Doug Ramsey
As 2010 wound down, it appeared that the venerable Detroit jazz club Baker's Keyboard Lounge might be sold to someone who would make it into a dollar store. That sent a shock through the city's jazz community, which has heard major musicians at Baker's for more than three-quarters of a century. As Mark Stryker reported last week in The Detroit Free Press:Baker's has been integral to Detroit's cultural identity as a jazz mecca for so long, it's hard for musicians, ...
Continue Reading
It's Over! Citigroup Seizes Control of EMI...
Source:
Digital Music News
This may be remembered as one of the worst media investments of all time. But playtime is over. As of Tuesday morning, Terra Firma has relinquished control of EMI to Citigroup. This is a 100 percent takeover, and part of a recapitalization that has slashed the debt burden by more than 65 percent to 1.2 billion pounds ($1.93 billion). A huge portion of the soured debt has effectively been written off. At present, the EMI Group management structure will remain ...
Continue Reading
Sources: Spotify "Negotiating with Squatters" at EMI...
Source:
Digital Music News
So, who exactly is Spotify negotiating with at EMI, anyway? According to sources speaking Tuesday with Digital Music News, any licensing deal is probably none-too-secure at this juncture, despite chatter about a deal being “close." The reason is thatCitibank—now the 100 percent controlling owner—is looking to divest itself of this “toxic asset," a situation that invites all sorts of complications. The biggest problem is that licensing arrangements may not transfer after any sale. Instead, they can be nullified depending on ...
Continue Reading
10 Expert Insights into Great Music Marketing
Source:
HypeBot
This post is by Hypebot intern Hisham Dahud. His Twitter: @HishamDahud. This past weekend, the California Lawyers for the Art's held their 28th Annual Music Business Seminar at Ex'pression College for the Digital Arts in Emeryville, CA. Here were some of the highlights: On getting a marketing and distribution campaign started: Danny Dee Aguayo of Topspin Media insists that the music business is more data driven than ever before. Learning the benchmarks of analytical tools and measuring where potential and current ...
Continue Reading
Citi Takes Control of EMI, Wipes out $3.5b Debt
Source:
HypeBot
(UPDATE 2) EMI, the world's fourth largest label group along with a successful publishing division, are now controlled by one of America's largest banks. As predicted, Citigroup seized 100% of EMI Group Ltd. from financier Guy Hands and his Terra Firma group in a restructuring that saw the company's debt cut from nearly $5.5 billion to just under $2 billion USD. Trying to put the best face on a difficult moment for the music group, CEO Roger Faxon said in ...
Continue Reading
