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Mixhalo Raises $10.7M To Improve Concert Sound Quality
Source:
HypeBot
Live music audio startup Mixhalo has raised $10.7 million in Series A funding. The company was co-founded by Incubus guitarist Mike Einziger and his wife, violinist Ann Marie Simpson-Einziger. The new funding was led by Foundry Group, alongside Sapphire Sport, Founders Fund, Defy Partners, Cowboy Ventures, Red Light Management, Another Planet Entertainment, Rick Farman and Rich Goodstone of Superfly and Charlie Walker of C3. Pharrell Willimas was also an early investor. The startup has raised a total of $15 million ...
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Etsy Acquires Musical Instrument Marketplace Reverb For $275 Million
Source:
HypeBot
Reverb has a sign a deal to be acquired by Etsy for $275 million. The cash deal for the new and used musical instrument marketplace is expected to be finalized in the third or early fourth quarter of the year. “Reverb will remain a standalone business," says Reverb founder and CEO David Kalt, “but with the added support of Etsy—the global online marketplace for handmade and vintage items, with millions of buyers and sellers from nearly every country in the ...
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Who Are Winners And Losers In The New Music Industry?
Source:
HypeBot
Regardless of who's getting the money, it is undeniable that streaming has made the music industry lucrative again. Now, as the business works to reinvent itself, are historically downtrodden artists finally coming out on top, or are record labels and management siphoning off all of the profits? Guest post by Ryan Edwards, CEO of music tech start-up, Audoo The music industry is one of the most lucrative in the world, contributing a staggering £4.5bn (UK Music, 2018) to the UK ...
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Can Major Labels Survive The Indie Music Revolution?
Source:
HypeBot
At the heart of the music business almost since its inception, major labels have successfully weathered multiple challenges to their industry dominance. But as music once again reinvents itself, can the major labels continue cling to power? Guest post by Bobby Owsinski of Music 3.0 Major record labels have always been at the heart of the recorded music business, having the marketing and distribution muscle to make a marginal song or album a hit, or turn a hit into a ...
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800+ Artists Lost Tapes In Universal Fire [NY Times]
Source:
HypeBot
The New York Times has published a list of over 700 more artists believed to have lost their masters in the 2008 fire that swept the backlot of Universal Studios in Hollywood. This follows an existing tally of more than 100 artists named in an investigation earlier this month. The new list, which journalist Jody Rosen says is a “partial selection” and “was culled from three separate UMG lists prepared for Project Phoenix” (a recovery program initiated by Universal Music ...
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Amoeba Music Forced To Move Iconic LA Store
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HypeBot
The LA City Council has approved zoning changes that clear the way for the demolition of Amoeba Music's distinctive Los Angeles outlet. According to the LA Times, the vote facilitates the development of a new, 26-story building at the site of the current Amoeba Music store, located at the corner of Sunset and Cahuenga boulevards. The store, which opened in 2001, was sold in 2015 to real estate developer GPI Companies for $34 million, the Times reported. It is unclear ...
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Live Nation Partners With Adobe For The ‘Creative Tour’
Source:
HypeBot
Adobe, the software company behind apps like Photoshop, and Spark, has announced the Adobe Creative Tour, a partnership with Live Nation aimed at music fans and creators. The Creative Tour is designed to inspire creators and music fans to participate in digital creative challenges using Adobe Products such as Lightroom, Premiere Rush and the Adobe Spark mobile app. The first creative challenge, which starts on Monday, involves editing official Lollapalooza photos using the tools available in Lightroom mobile. Creatives can ...
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AI Completes Schubert’s Unfinished Symphony, But Who Owns The Copyright?
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HypeBot
While technology can solve a lot of legal problems, it's also capable of creating plenty as well, as evidenced in the recent instance of artificial intelligence being utilized to complete Franz Schubert's unfinished Symphony No. 8.- raising the question of who exactly owns the copyright of this newly completed piece of music. Guest post by Bobby Owsinski of Music 3.0 Whenever a new technology comes into play it may solve problems suffered by previous generations, but it also usually opens ...
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