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Why The Music Business Favors Night Owls
Source:
HypeBot
While many industries are structured in a way which benefits the early risers among, the music business is one of few populated largely by night owls. Here we look at why the business caters to night dwellers and why can be a scheduling challenge for all of us. Guest post by Patrick McGuire of the ReverbNation Blog It isn’t fair for everyone, but most of the world is designed for people who wake up early. Music, however, is a completely ...
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Music Publishers Win Major Victory vs Wolfgang's Vault
Source:
HypeBot
After nearly three years in court, music publishers Sony/ATV, EMI, Warner/Chappell, ABKCO, peermusic, Spirit Music and Imagem Music scored a major win in their ongoing efforts against live music archive Wolfgang's Vault. The copyrights in the lawsuit include songs by members of The Rolling Stones, The Who, The Talking Heads, Green Day, RE.M. and others. In a 54-page opinion made public yesterday, Judge Ramos of the Southern District of New York found that Wolfgang's Vault had willfully infringed by using the works in both audio ...
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Sony Sells $250M Spotify Stock, Labels Eye $3B Windfall
Source:
HypeBot
The three major label groups own Spotify stock now valued at as much a $3 billion. That's led to speculation about what the major record labels will do with their equity stake, now that the music streamer has started trading publicly, as well as, how they will share their windfall with artists. Earlier this week, Sony Music offered some clarity when they disclosed that it owned a 5.7% stake in Spotify and had sold 17.2% of its shares for more ...
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London Calling: What the US Can Learn From The UK About Defending Local Music And Arts Communities
Source:
HypeBot
The UK has earned a reputation as a musical powerhouse, churning out globally renowned groundbreaking artists, bands and DJs. But how?- with the backing of the government. At a time when the Trump administration is adamant on pulling public funding for local artists, community projects and public radio, McIntyre details what the US can learn from the UK’s art scene. Guest post by Scott McIntyre of Weeshing Scott McIntyre, CEO of live events funding platform Weeshing, helped revive the Detroit Electronic ...
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What Analysts Are Saying About Spotify
Source:
HypeBot
[UPDATE 2, Spotify is madeits stock available to the public for the first time today in an unusual direct offering. While still an unprofitable company, Spotify has bested tech giants Apple, Amazon and Google to become the dominant player in music's dominate format- streaming. But will that be enough to make its stock soar at a time when the markets, and in particular tech stocks, are reeling from trade wars and Presidential tweets? Here's what Wall Street thinks: “$20-$25 Billion" ...
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Spotify Ends Solid First Trading Day At $26.7B Valuation
Source:
HypeBot
Spotify stock ended its first day as a public company with a valuation of $26.7 billion. The stock closed at $149.95 as more than 3o million shares traded hands at between $148.26 to and $169. The closing price was 14% of the $132 reference price set by the New York Stock Exchange prior to the start of trading. But while it was a solid start for Spotify, particularly at a time when the markets are volatile, there were some signs ...
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Music Piracy Has Increased [New Study]
Source:
HypeBot
With the rise of streaming, access to music (and media in general) has become easier than ever. While one might assume that this would negate any need for illegally downloading music, it appears that piracy is actually on the rise. Guest post by Bobby Owsinski of Music 3.0 We live in an age where it’s probably the easiest it has ever been to access just about any kind of music you want, and all for free. The music business has ...
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