British streaming service Mixcloud released its 2018 financial results. There was both good news and bad news. While Mixcloud reported strong revenue growth, it came at a cost. For the year, Mixcloud earned around £2.4 million (about $3.1 million), wh…
Author archives: Paul Resnikoff
Hipgnosis Raises Another $295 Million — Bringing the Grand Total to Nearly $800 Million
Merck Mercuriadis’ gargantuan bet on music IP continues. Hot on the heels of an enormous acquisition of Timbaland’s catalog, Hipgnosis Songs is hitting you with another big announcement. The music IP aggregation play has now rallied anothe…
Musicians Are Ruining Every Disney Event Until They Get Better Streaming Royalties
It was quite an unusual Saturday morning for many members of the American Federation of Musicians (AFM) in the Los Angeles area. It was also an unexpected headache for one Disney executive in particular. In protest, a band of irate musicians performed…
Artist Activist David Lowery Quits the Mechanical Licensing Collective After Just 4 Months
David Lowery, a longtime champion for artists and outspoken critic of major streaming platforms, has abruptly departed the Mechanical Licensing Collective’s Unclaimed Royalties Oversight Committee. The news comes as the paint is still drying on t…
Atlantic Records UK President Steps Down Over Blackface Allegations
An ugly situation is unfolding this morning involving Atlantic Records UK president — or, ex-president — Ben Cook. The longtime Atlantic Records UK president Ben Cook has officially tendered his resignation, citing issues stemming from a costume party …
Zacks Investment Research Drastically Downgrades Spotify from ‘Strong Buy’ to ‘Hold’
Spotify became a less-certain bet on Wall Street this morning, thanks to a pronounced downgrade by Zacks Investment Research. Shares of Spotify (NYSE: SPOT) have recovered somewhat over the past few days, though nagging profitability concerns are dragg…
Deezer Might Have an IPO In the Next 12-15 Months, CEO Says
Hans-Holger Albrecht, who is the CEO of the music streaming service Deezer, once again signaled his plans for an IPO. He says that the company will go public sometime in the next 12-18 months, with the exact time being dependent on market conditions. I…
Katy Perry, Dr. Luke, Capitol Records Officially Appeal the $2.78 Million ‘Dark Horse’ Copyright Infringement Verdict
Attorneys for Katy Perry, Dr. Luke, Max Martin, and Capitol Records are officially appealing the $2.78 million copyright infringement ruling on “Dark Horse”. If only this was the most shocking copyright infringement decision the music indus…
FCC Commissioner Doesn’t Appreciate the RIAA’s Response on Payola
Looks like the RIAA’s brush-off of the Federal Communications Commission’s payola inquiry didn’t quite work as planned. For those just tuning in to this one, the multi-headed monster of radio payola has recently resurfaced — and the F…
The Black Keys Explain How to Game the Billboard Charts and Get a #1 Album
Once upon a time, the band that sold the most albums topped the Billboard charts. Now, it’s a totally different game. Here’s a deal that the Black Keys decided to turn down. Appearing recently on the Joe Rogan Podcast, Black Keys drummer Patrick Carney…