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How to Invest Millions in Your Favorite Artists, Tax Free...
Want to invest in your favorite artists, and take advantage of tax shelters in the process? No, there's not a 1-800 number to call. But UK-based Power Amp Music is now putting out a callfor a 10 million pound ($16.1 million) artist-focused investment fund, one that includes lots of shelters for those who qualify. This is ...
32 Different Ways Artists Can Make Money...
But which ones are really producing serious revenues? Here 32 different possible possible revenue streams for artists, as compiled by the Future of Music Coalition (FMC). The group is currently conducting a survey of musicians to figure out which streams are working the best. A. If you are a composer or songwriter, here are possiblerevenue streams ...
You Don't Say: Rdio's Latest Round Was $17.5 Million...
Someone really, really loves the concept of cloud-based music streaming—despite a very rough history so far. Just last week, we reported that Mangrove Capital Partners had finalized a financial round with Rdio. Well, early this morning, Rdio not only confirmed the round to Digital Music News, they offered a figure: $17.5 million. Actually, Mangrove is joined ...
The Balls on Grooveshark: Full-Track Embedding Now Live...
Is it kosher to allow anyone to embed full-length song streams into their site? That is, the full-length song streams of major label artists, independent artists, and any other artist for that matter? We've heard that labels have been hesitant to hand out this right—for obvious reasons—though Grooveshark is marching forward with this very cool feature. ...
Wow, YouTube Really Thinks We're That Stupid...
Sorry, the gig is up on free music. It isn't making bands rich, or even making ends meet, for that matter. If you need proof of this, check out this discussion thread about Spotify—it contains real numbers and testimonials about how paltry the payouts on free access are. It's not just Lady Gaga that's getting the ...
$33.8 Million Has Already Been Invested in Music Startups This Year....
But will anyone be getting rich this time around? Take a look at the latest investments—and these are just the ones we know about. Rdio, $17.5 Million. (Mangrove Capital Partners, others, announced February 3rd.) X5 Music, $9.1 million* (NorthStar Ventures, January 6th.) FanBridge, $2 million (various, including First Round Capital, Grape Arbor VC, announced January 18th). ...
Sources: Spotify "Negotiating with Squatters" at EMI...
So, who exactly is Spotify negotiating with at EMI, anyway? According to sources speaking Tuesday with Digital Music News, any licensing deal is probably none-too-secure at this juncture, despite chatter about a deal being “close." The reason is thatCitibank—now the 100 percent controlling owner—is looking to divest itself of this “toxic asset," a situation that invites ...
It's Over! Citigroup Seizes Control of EMI...
This may be remembered as one of the worst media investments of all time. But playtime is over. As of Tuesday morning, Terra Firma has relinquished control of EMI to Citigroup. This is a 100 percent takeover, and part of a recapitalization that has slashed the debt burden by more than 65 percent to 1.2 billion ...
What to Do when Someone Steals Your Song...
What happens when someone rips off your song? The following is an exclusive excerpt from the upcoming music legal guide, The Future of the Music Business (3rd Edition) by industry attorney Steve Gordon (Hal Leonard 2011). Gordon (pictured below) is interviewing copyright attorney Robert Clarida. The book will be available for pre-order in April. In this ...
Still? 100,000 P2P Lawsuits Filed in 2010...
The RIAA's legal crusade against file-swappers was called off in 2008. But despite a hideous legacy of consumer alienation andanger, other entertainment sectors love the concept. In fact, according to details published by Torrentfreak, nearly 100,000 P2P-related lawsuits have been filed over the past year in the US alone, primarily by the film industry. And, that ...
