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Music Mastermind Raises $5 Million for Technology That Helps Anyone Make Music
But Is Everyone Making Music A Good Thing? Two year old startup Music Mastermind has raised $4.85 million in Series A funding. Music Mastermind empowers anyone to create music and collaborate with known artists on a variety of platforms including web portals, mobile devices and gaming consoles. The company was co-founded by former Virgin Records America ...
eMusic Song Payouts Rise
I've often joined the chorus critical of eMusic for a subscription model that leads to far lower per track payouts to artists than the 60-70 cents paid by iTunes, Amazon and others. But David Farrell of Digital Audio Insider shared some new stats showing that, while still lower, eMusic's per song payments are rising: Q1 2009 ...
Music Power Network Ramps up Online Music Business Learning and Toolkit
You've seen the Music Power Network ads on Hypebot for several weeks now, but just in case you haven't clicked through to check it out, its time to share a bit about what Dave Kusek, co-author of The Future of Music" and VP at Berklee College of Music has built and how well it can serve ...
Tom Silverman to Receive NARM 2010 Independent Spirit Award
Music trade association NARM will honor Tom Silverman, the founder, chairman and CEO of Tommy Boy Entertainment, with its Independent Spirit Award at the Annual NARM Convention in Chicago on Monday, May 17.The NARM Independent Spirit Award was established in 2009 to recognize a music industry executive who embodies the spirit of new thinking, ...
School Wants to Ban iPods
One U.S. school official may have inadvertently found the solution to the sales slump in record music. Torrington, CT school superintendent Christopher G. Leone wants to stamp out digital music players at the local high school. Leone recently told the school board he believes iPods likely outnumber the students. I just don't see the need," Leone ...
Spotify: We're Not Cannibalizing Download Sales!
But Offer Little Proof Responding to a recent NPD survey, that it cannibalizes" download sales, a Spotify spokesperson told Fast Company: There is other data out there to prove the exact opposite of that report," a spokesman says, pointing to a report in Billboard magazine in which Scott Cohen, the London-based founder/VP of The Orchard, ...
MOG Gets $12.5m, Expands into Spotify Territory
Music discovery and subscription service MOG.com has announced another $9.5 million in funding and a pending expansion into Europe. The round was led by Menlo Ventures which was joined by new investor Balderton Capital. Dharmash Mistry, partner at Balderton Capital, has been appointed to MOG's board. The company had raised $12.5 million in previous rounds. MOG ...
Film 72 Musicians Released Using Topspin Platform
Could the Topspin direct to fan music marketing and sales platform also serve as a launchpad for indie film and other digital media? 72 Musicians was shot in Kansas City and asks the eternal question, Why the hell do we chase this music dream, anyway?". 72 Musicians was made and released by Topspin's VP of Product ...
dropcards.com: New Look, Even Better Tasting!
Kyle Bylin (@kbylin), Associate Editor In January, Dropcards unveiled their new download card platform. Then, late last week, they held a short webinar to take people through a tour of the new features they added. I was in attendance, and while I was not familiar with the inner workings of their previous site, I became quite impressed with their ...
Sellaband Saved, May Be Back Online Today
After declaring bankruptcy in Dutch court earlier this week, fan to artist funding site Sellaband has been saved by a German investment group who are moving the site to their home country and promising to have it back online today. Exactly why the site went dark and how the new owner plans to change SellaBand is ...


