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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 ...
How To: Invest Tax Return into Your Music Career
This post is by Robin Davey of The Hoax and The Bastard Fairies. Interview. Those who watched the State of the Union may have caught wind of the President's plan to help small businesses with certain tax breaks. To clarify, it allows businesses to write off the full amount of qualifying equipment or software for the years 2010 and 2011. Normally ...
$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). ...
Are You Right for the Future of Music Coalition's Artist Revenue Streams Project?
Nobody can dispute that artists' access to fans has improved over the past decade. But as we've written many times (yesterday, even!), artists' compensation has become a huge issue. Our friend at the Future of Music Coalition are looking to learn about the impact of these changes. Yesterday, they announced the full-on launch of something called ...
Does Spotify Pay Major Labels More Than Indies?
The utopian dream of the Internet is that it makes artists equals. Each can have their music available on iTunes and have a webpage to call their own. But do major label artists make more money per stream on Spotify than the indies like the xx? New reports hint that this may be the case. It's not ...
Is the Format Replacement Cycle Over?
When the CD format came out, fans upgraded their LP collections, igniting a boom in sales that lasted from 1984 to 2000. When the MP3 format trickled up from the tech-geek community, fans ripped their CDs to their computers and downloaded free digital files of the web, causing a decline in sales that has lasted from ...
Is This Working? 95% of the Top-Charting iTunes Singles Are $1.29...
Is this strategy screaming for change? We just took a look at the top 100 singles on the iTunes Store (for Friday afternoon), and found that 95 of them were priced at $1.29. The remaining 5 were $0.99, and none were $0.69. Meanwhile, paid downloads are flattening (up just 1% in the US in 2010 last ...
The State of Music Monetization: January, 2011...
(#midem) Who's paying for what? We've been getting hit with a lot of subscriber updates here and there, including a few at MidemNet this weekend. So here's the latest monetization intelligence, please share if we've missed something! (1) Spotify Paying Subscribers: 750,000 (per Spotify, shared immediately after Sony Music US signing this month.) Subscriber Mix: 90% ...
Music Retail Can Be Saved - If We Act Fast
Music retail can be saved. The way to save it is to encourage more outlets to open up. We're not talking about starting more digital download stores like Amazon MP3, Wal-Mart, or the up-and-coming Google Music. No, we're talking about allowing more independent outlets to emerge. To save music retail, as many niche sites as possible need ...
Intuit Gopayment Lowers Cost of Selling Merch
Selling merch at gigs is an essential source of income for many bands and Intuit made it more profitable by lowering both startup and transaction costs for mobile credit card processing. Intuit now offers free card readers compatible with most mobile devices and is waiving monthly fees for most customers who sign up for GoPayment by mid-February. ...
