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Penske Media Acquires 100% Of Rolling Stone Magazine
Penske Media Corporation, which also own Variety and Deadline, has quietly acquired full ownership n the venerable music publication Rolling Stone. Penske Media, which acquired a controlling stake in Rolling Stone in December 2017 from longtime publisher Jann Wenner, now has bought the outstanding shares from minority partner BandLab Technologies. Since they acquired the lion’s share ...
Mascot Label Group announces signing of jazz legend George Benson
Mascot Label Group/Provogue are thrilled to announce the signing of soul and jazz guitar legend George Benson, with a new album scheduled for a Spring 2019 release. The 10 time Grammy Award winner and NEA Jazz Master is one of the greatest guitarists in jazz history and has released 35 studio albums, including the multi-platinum Billboard ...
Why One Musician Believes Article 13 Is Disaster For Independent Artists
Music, copyright, and the internet have a long and sordid past together, but the internet also has been greatly beneficial to independent artists. That's something which, indie musician Stephen Blythe and Techdirt's Mike Masnick both believe could come to fiery end, should Article 13 of the EU's new copyright legislation come become law. “Independent musicians are ...
Monetize Music Fandom, Not Consumption: What Japan, Global Industry Can Learn From China [Mark Mulligan]
Music fans in Japan have shifted from buying CDs to streaming at a rate far slower than most of the rest of the world. MIDiA analyst Mark Mulligan, says that may be because traditional streaming services do not meet the needs of the Japanese, and many other music fans globally. A solution can be found in ...
SoundExchange 2018 Artist Payments Top A Record $953M
SoundExchange distributed $953 million in sound recording performance royalties to recording artists and rights owners in 2018, more than in any year their 15 year history. A strong fourth quarter distribution of $345 million to music creators helped put the PRO into record territory for the year. Thanks in large part to the passage of the ...
SoundCloud Revenues Up 80%, Tops $100 Million
SoundCloud, the Berlin-based music streaming platform, made good on its promise to bring in more than $100 million for the 2017 calendar year, according a filing with UK Companies House this week. According to the filing, SoundCloud’s global revenues hit $102M in 2017. That’s an increase of 80% over the previous year. The figure also accounts ...
SoundRoyalties Opens Nashville Office, Networking Space
Sound Royalties has added a Nashville location. To oversee the expansion of the music industry specialty finance firm, Sound Royalties’ CEO and Founder Alex Heiche is now operating full time out of Nashville. The company will also host events and gatherings in its Nashville space, independently as well as in concert with other music organizations. The ...
Is Printing, Selling Physical CDs Still Worth It?
While there is a lot of nostalgia surrounding the CDs and CD buying culture, the manufacturing costs and associated complexities of creating them leave a lot of more contemporary artists wondering if, in the digital age, CDs are really worth it at all. Guest post by Brad Pack of Soundfly's Flypaper When was the last time ...
Music Distribution: Upfront Revenue vs. Revenue Sharing
Once you've finished creating your music, its time to develop a strategy for how you want to release it. With so many digital distributors out, it picking one can be a difficult choice, something made more complicated by the decision of whether you want to pay an upfront fee, or allow the distributor to share your ...
Royalty Exchange Passes $50 Million Paid Milestone
Royalty Exchange announced this week that it had paid out over $50 million from 535 royalty transactions in the three years since the company relaunched in 2016. 255 investors participated in the funding. Royalty Exchange is touting the marketplace as a funding source for the musical middle class with 52% of the catalogs listed earning $20k ...
