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Why One Musician Believes Article 13 Is Disaster For Independent Artists
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HypeBot
Music, copyright, and the internet have a long and sordid past together, but the internet also has been greatly beneficial to independent artists. That's something which, indie musician Stephen Blythe and Techdirt's Mike Masnick both believe could come to fiery end, should Article 13 of the EU's new copyright legislation come become law. “Independent musicians are at the mercy of a system which locks them out from negotiating their own contracts without major label backing, and they therefore have to ...
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SoundExchange 2018 Artist Payments Top A Record $953M
Source:
HypeBot
SoundExchange distributed $953 million in sound recording performance royalties to recording artists and rights owners in 2018, more than in any year their 15 year history. A strong fourth quarter distribution of $345 million to music creators helped put the PRO into record territory for the year. Thanks in large part to the passage of the Music Modernization Act, SoundExchange is predicting even bigger distributions in 2019. The MMA includes the CLASSICS Act, which guarantees federal copyright protection for sound ...
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SoundRoyalties Opens Nashville Office, Networking Space
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HypeBot
Sound Royalties has added a Nashville location. To oversee the expansion of the music industry specialty finance firm, Sound Royalties’ CEO and Founder Alex Heiche is now operating full time out of Nashville. The company will also host events and gatherings in its Nashville space, independently as well as in concert with other music organizations. The events will be exclusive to creatives and music industry professionals looking to network and share their creativity. “Nashville isn’t just the country music capital, ...
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Why We Need More (Quality) Music Journalism
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HypeBot
In this piece James Shotwell argues that, as music industry becomes increasingly crowded with artists, the need for more music journalists grows, and that social media's ability to fill this void is sorely lacking in the quality department. Guest post by James Shotwell of Haulix Music journalism matters more now than ever before. At no other point in history has there been as many artists vying for attention or as much music being released on a daily basis. The need ...
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Royalty Exchange Passes $50 Million Paid Milestone
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HypeBot
Royalty Exchange announced this week that it had paid out over $50 million from 535 royalty transactions in the three years since the company relaunched in 2016. 255 investors participated in the funding. Royalty Exchange is touting the marketplace as a funding source for the musical middle class with 52% of the catalogs listed earning $20k or less in the prior 12 months. 75% of the artists who listed catalogs on our marketplace were songwriters. Initially, all listings on Royalty Exchange ...
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New Titles Entering The Public Domain
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HypeBot
January 1st of 2019 marked the first day on which a plethora of titles originally published in 1923 will finally enter the public domain, (meaning they can be used for free and without permission) after Congress extended the copyright term for an additional twenty years when they were originally supposed to be released in 1999. Here we look at some of the highlights. Guest post by Bobby Owsinski of Music 3.0 January 1st was Public Domain Day 2019, the first day ...
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The Truth About Advances In The Music Business
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HypeBot
As with all entrepreneurs, songwriters are likely to run into issues with cash flow, to which getting an advance is one solution. Unsurprisingly such advance payments, while they do provide much needed cash on hand, come with a number of strings attached, and aren't always the best option. Guest post by Frances Katz of Soundfly's Flypaper Like any new entrepreneur, songwriters may themselves experience cash flow problems and look for additional financing to keep the lights on. However, unlike businesses that have ...
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Indie Label Tru Thoughts Celebrates 20 Years of Innovative Vinyl Releases
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HypeBot
Brighton label Tru Thoughts is celebrating two decades of innovative vinyl releases this year. From downtempo instrumentals to heavy club tracks, through reggae, dub and hip hop to folk, jazz and soul-influenced singers and songwriters, the label really has done it all. “As we celebrate 20 years of the label it is very exciting to have releases lined up from new artists alongside more established artists and to have a great variety of genres,” says co-owner and A&R head Robert Luis. Formed ...
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