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The Reason Record Labels Hate Free Streaming Tiers
Source:
HypeBot
While streaming services may often be touted as the saviors of the music industry, label execs are no fans of the 'free tiers' offered by most of these platforms, arguing that the widen the music business's value gap. Guest post by Bobby Owsinski of Music 3.0 If you were to poll record label execs off-the-record on which music streaming service they like the most in a strictly business-sense, chances are that Apple Music would end up as the clear winner. ...
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How Record Labels Screwed Up The Music Industry, And How Spotify, Apple Saved Them
Source:
HypeBot
ALTERNATIVE TAKE: Mike Masnick explores the sordid history of how the record labels' behavior in the early days of the internet literally brought the music industry to its knees, and how these same labels have been saved by the tech industry led by Apple and Spotify. By Mike Masnick from Techdirt If you've been following how much the record labels stumbled around the internet for the past couple of decades, then you know the basics here. But time has a way of ...
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Mixcloud Pacts With EU Licensor ICE For 12M DJ Sets
Source:
HypeBot
European digital music rights organization ICE announced a new multi-territory licensing deal with dance music-focused digital music service Mixcloud. Mixcloud’s new ‘Core’ licence deal with ICE covers PRS, STIM and GEMA repertoire for their combined 290,000 members and repertoire for some of the leading independent music publishers. Mixcloud currently has over 1.2 million content creators and streams more than 12 million DJ sets, radio shows and podcasts featuring artists such as Carl Cox, David Byrne and others. The site reports ...
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Vevo To Shutter Apps, Site And Stream Only Via YouTube
Source:
HypeBot
Vevo has announced that it will shut down its mobile apps and video web site in the coming weeks, and make YouTube its sole delivery platform. The shift also strengthens YouTube's dominance in music just as it launches its biggest push into paid streaming yet. Vevo is shuttering its mobile apps and web site, the music video service announced on Thursday. Vevo videos will continue to be available via YouTube, which the company says will include new and original content ...
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Sony Takes $2.3B Controlling Stake In EMI
Source:
HypeBot
With a check for $2.3 billion, Sony has become the world's largest music publisher. The deal adds a catalog of more than two million songs from EMI Music Publishing, including hits ranging from Queen to Pharrell Williams to Sony's already massive 2.3 million track repertoire. The EMI investment is the first major move by new Sony CEO Kenichiro Yoshida. Sony, like fellow corporate giant Vivendi, is enjoying a music industry resurgence fueled by revenue from streaming. The deal with Abu Dhabi-based investment ...
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TuneGo Raises $7.7M For Music Industry Data Platform
Source:
HypeBot
TuneGO, a data driven music A&R startup has completed a Series B financing totaling more than $7.7 million. Private equity firm Falcon Capital led the round. TuneGO will use the funds to enhance its technology platform and global infrastructure, which is already being used by many leading music and entertainment companies. The company will also increase the size of its engineering team, invest in user growth and continue to expand into new international markets, particularly in Asia. “With the explosive growth ...
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Amuse Raises $15.5M For Next Gen. Record Label, Free Music Distribution
Source:
HypeBot
Next-generation record label and music distributor Amuse has raised a $15.5 million Series A round co-led by Lakestar and Raine.The company was founded in Stockholm by execs from Spotify, Universal Music and Warner Music. Using Amuse, artists can distribute their music for free to major services including Apple Music, Spotify, Deezer, etc. and keep 100% of the royalties. Amuse then leverages data to identify promising talent and signs artists through licensing deals rather than traditional contracts, which means the artists ...
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Spotify, Apple Music and The Future Of Ad Supported Streaming [Zach Fuller, MIDiA]
Source:
HypeBot
Musicians and labels have long been skeptical of Spotify's free ad-supported tier, primarily because returns a lower per stream rate than Spotify's, Apple Music's or other paid subscription tiers. But according to MIDiA's Zach Fuller, a recent makeover and the latest revenue stats show that Spotify is, at least somewhat successful, repositioning free streaming is not a replacement for retail but a replacement for radio. By Zach Fuller of MIDiA Research Cast your mind back to streaming yesteryear, back when the format ...
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