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Is Rock On Music's Endangered List?
Source:
HypeBot
In the wake the recent Grammy Awards, Fred Jacobs bemoans the decline of rock music as a genre, something which has been on a steady downhill slide for years, but also carries with it the potential for a resurgence. Guest post by Fred Jacobs of Jacobs Media Maybe the Grammys first went off the rails back in 1989, the first year they decided to honor Heavy Metal. Strangely, the award that year went to the flute-infused sounds of Jethro Tull. ...
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Yonder: On The Rise Music Streamer You've Never Heard
Source:
HypeBot
From the ashes of the Beyond Oblivion, the flashy yet unlaunched $174 million music tech startup, comes Yonder, a free music service that's gaining traction, in large part because it is building in markets that are off streaming’s beaten track, writes MIDiA's Mark Mulligan. By Mark Mulligan of MIDiA and the Music Industry Blog Back in 2012, a music service that had raised $174 million in funding closed without yet having launched to consumers. That service was Beyond Oblivion, a company ...
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Pandora Cuts 5% Of Staff In $45 Million Restructuring
Source:
HypeBot
Pandora announced an organizational restructuring today that includes layoffs in some departments as part of a $45 million in cost cutting "designed to prioritize its strategic growth initiatives and optimize overall business performance." 5% of Pandora's workforce is being cut today as the unprofitable music streamer pledges to cut $45 million in expenses. An SEC filing estimated the severance and benefits cost of the layoffs at between $6.5 and $8.5 million. “Effective immediately, a combination of eliminated roles and other cost-saving measures are ...
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Producer Quincy Jones Proposes A Music Stock Index Fund
Source:
HypeBot
While there have long been index funds built around media and tech stocks, there has never been an index fund created specifically around music, something which famed producer Quincy Jones is hoping to change. Guest post by Bobby Owsinski of Music 3.0 One way to invest in the stock market reasonably safely is by investing in an index fund, which is a type of mutual fund with a portfolio constructed to match or track a market index, such as the Standard & Poor’s 500 Index (S&P 500). ...
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What Is The Music Modernization Act and Who Supports It?
Source:
HypeBot
The Music Modernization Act is poised to reshape music copyright and compensation for a generation. But what exactly is the MMA, and how will it impact songwriters and publishers? We will be exploring these questions all this week on Hypebot with “The Music Modernization Act: Peril Or Promise?," a series of articles and guest posts designed to explain and dissect the legislation. We begin with this simple question: What is the Music Modernization Act and who supports it? Few would deny ...
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Google, Amazon, Spotify, Facebook, Other Major Net Players Endorse U.S. Music Modernization Act
Source:
HypeBot
The Internet Association, the trade and lobbying group which represents Google, Amazon, Spotify, Facebook and several dozen other major internet companies, today sent a letter to the bipartisan Congressional sponsors of the Music Modernization Act (MMA) calling on them to advance the legislation. Microsoft, Eventbrite, Twitter, Netflix and Reddit are also among the members of the Internet Association supporting the MMA. The Music Modernization Act would change the system for obtaining mechanical rights to a song. Today, licenses must be obtained ...
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10 Field Artists Working Across Aesthetic Boundaries
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HypeBot
While field recording has existed for over a century, it has changed and progressed along with the rest of the industry. Here we look at ten people working in field recording who are crossing aesthetic boundaries to capture sounds from the outside world. Guest post by Patrick McGuire of Soundfly's Flypaper The roots of field recording go all the way back to early 1900s when pioneer musicologist John Lomax began recording cowboy songs in Texas. His son Alan eventually ended up taking recordings ...
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Spotify Has 4 Paths To Profitability, None Of The Are Good For Labels Or Artists
Source:
HypeBot
Spotify, which accounts for an estimated 17% of all major label revenue, has rejuvenated the music industry. But it's own revenue future is far murkier. Spotify, like its competitors, is loosing hundreds of millions each year. And while an eminent public stock listing will replenish reserves, eventually the streamer must become profitable. It is estimated that Spotify lost $400 million in 2016. Ad revenue increased and royalties decreased slightly in 2017, but losses last year will still be measured in ...
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