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HD Vinyl To Hit Stores In 2019 After $4.8M Investment
Source:
HypeBot
Austrian-based startup Rebeat Innovation has received a $4.8 million investment into its patented “high definition vinyl” technology. Founder and CEO Günter Loibl told Pitchfork that the “first “HD vinyl” albums could hit stores as early as 2019.” The company claims that their records will have higher audio fidelity, louder volume, and longer playing times than conventional LPs, and that their techniques will also avoid the chemicals that are typically used in traditional vinyl manufacturing. Plus––and this is the most important part––these new HD vinyl ...
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Expanded Music Modernization Act Introduced With Radical Changes To How Musicians Are Paid
Source:
HypeBot
An expanded Music Modernization Act was introduced in the U.S. Congress yesterday by House Judiciary Chairman Bob Goodlatte (R-VA), ranking member Jerry Nadler (D-NY) and 28 bipartisan cosponsors. While not without critics, the bill has received widespread industry support as an overdue overhaul of the nation’s antiquated music licensing laws. The Music Modernization Act (H.R. 5447) is billed as consensus legislation that packages together several music licensing reform bills with wide-ranging bipartisan support including the CLASSICS Act, the AMP Act, elements of the previously introduced ...
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Record Labels vs Spotify: Who Needs Who More?
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HypeBot
On one side you have Spotify- an unprofitable company that needs to lower its cost of the content from three dominate players. On the other side, you have three major music groups that increasingly rely on income from streaming. When it comes right down to it, who- the Record Labels vs Spotify- needs who more? By Zach Fuller of MIDiA Research Following Spotify’s DPO earlier this week, much of the financial commentary around the listing emphasised the company’s loss-making ...
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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
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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
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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
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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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