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Keynote Q&A With WME's Marc Geiger At This Year's IEBA Conference
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HypeBot
Here we look at a recent Q&A with American music executive and co-founder of Lollapalooza Marc Geiger who shared his message on the importance of eliminating consumer frustration, and smoothing out the process of getting music into the hands of said consumers. Guest post from IEBA’s 47th Annual Conference in October of this year William Morris Endeavor's head of music Marc Geiger began and ended his talk at IEBA with the same message: we must eliminate frustrating experiences for our consumers, ...
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Musical.ly and Live.ly Sold For $800M - $1B To China's Bytedance
Source:
HypeBot
Music video app Musical.ly and sister app Live.ly has been sold to Chinese media giant Bytedance. The deal is worth between $800 million and $1 billion, according to multiple sources. A division of Bytedance aquired Musical.ly rival Filpagram earlier this year. Hugely popular music video lip sync platform Musical.ly and its live streaming app Live.ly has been acquired by Chinese media conglomerate Bytedance for a reported $800,000- $1 billion. Musical.ly was founded in 2104 in Shanghai by Louis Yang and ...
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Musical.ly Just Sold For $800M, But Its Already Peaked, says Mark Mulligan
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HypeBot
Musical.ly may have just sold for an eye-popping $800 million to $1 billion, but the app is already beyond its peak writes MIDiA analyst Mark Mulligan. The reason for the slump, says Mulligan, is that Musical.ly concentrated on building features and not products. By analyst Mark Mulligan of MIDiA and the Music Industry Blog News has just emerged that lip synching app Musical.ly is to be sold for between $800 million and $1 billion to Chinese company Jinri Toutiao, which also ...
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Why Songwriters Must Pay Attention To A Trump Tax Reform Plan
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HypeBot
In 2006, congress reclassified songwriters income from the sale of a catalog as “capital gains" as opposed to ordinary income, giving artists an important tax break. Under the newly proposed tax reform bill, however, artists are at risk of losing this big break. Guest post from Royalty Exchange Songwriters came dangerously close to losing a key break that allows them to cut their tax bill by almost 50%. When The U.S. House of Representatives submitted its tax reform bill last ...
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Founding Member Of Jefferson Starship's Lawsuit Over Name Continues
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HypeBot
A federal judge Tuesday refused to dismiss a lawsuit from Jefferson Starship’s former lead guitarist, who wants the group to stop using the rock band’s famous name. U.S. Magistrate Judge Maria Elena James denied a motion to dismiss Craig Chaquico’s second amended complaint. Chaquico sued his former bandmates David Freiberg and Donny Baldwin in April, claiming they are using his likeness and the Jefferson Starship name to promote their new group, despite a 1985 agreement to retire the band’s name. Freiberg and Baldwin argued ...
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Goliath Never Learns: Google Yanks True Parody By Content Creators Coalition
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HypeBot
While people are quick to call foul when YouTube issues take-downs on what the creators think are parodies, the video sharing site recently removed a true parody from the creatives at C3, calling out YouTube for its failure to properly compensate artists. Guest post by Chris Castle of Music Technology Policy If you’ve ever heard some of the truly muddled gibberish from YouTubers or Facebookers justifying counternotifications after being hit with a copyright claim, you’ll know that what seems like ...
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FCC Boss Wrecks Media Ownership Rules In Huge Gift To Sinclair Broadcasting
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HypeBot
While the FCC's Ajit Pai has been working hard to ignore the public outcry against the death of net neutrality, he's also been busy actively gutting media consolidation and ownership regulations solely, says Karl Bode of Techdirt, for the benefit of Sinclair broadcasting. By Karl Bode of Techdirt FCC boss Ajit Pai has been busy ignoring the public while he kills popular net neutrality rules. But he's also been working hard to weaken broadband deployment standards to obfuscate a lack of broadband competition, to gut ...
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38% Of The Music Business Now Indie Labels
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HypeBot
While it may be a commonly held belief that a choice few major labels dominate the music industry, new data reveals that this simply isn't the case, with indie labels having generated over $6 billion in the past year, and making up roughly 38% of overall music business. Guest post by Bobby Owsinski of Music 3.0 If you thought that there are only three major labels working in the music industry today, then you’re wrong. A new study has found ...
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