In this week’s edition of the Business Of Indie, Chess Club Records adds an investor and new distribution, BTS propels Big Hit Entertainment, indie label Prima Classic launches, Ditto adds a management division and much more. Like Hypebot’s More News section, The Business Of Indie is nestled under its own…
Author archives: Bruce Houghton
Streaming Music Forecast 2018 – 2026 [MIDiA]
Respected music and entertainment industry analysts MIDiA have just published its latest global music forecasts, with revenue and user numbers projected through 2026. __________________________ From MIDiA’s Mark Mulligan from the Music Industry blog 2017 was the last year of strong streaming revenue growth. From 2018 onwards streaming growth will lessen…
Fall Out Boy Sued Over Use of Furry Llama Puppets
Fall Out Boy is being sued by the Furry Puppet Studio for allegedly overusing the life-sized llama puppets that appeared in their 2017 video for “Young and Menace.” In a 133-page complaint filed by famed Pennsylvania attorney Francis Malofiy, Furry Puppet admits that the company was hired by Rubrik House…
ADA Inks Sara Evans’ Born To Fly Records
WMG owned indie distributor ADA Worldwide has partnered with multi-platinum country artist Sara Evans and her indie label, Born To Fly Records. ADA will support the Nashville-based label with sales and distribution globally. Launched in 2017, Born To Fly Records is home to Evans’ critically acclaimed eighth studio record, Words,…
Patreon Raises Some Prices, Reports 100K Creators Earn $500M Yearly
[UPDATED] Patreon has added new tier pricing which mean higher fees for many new creators using the fan funding platform. To take advantage of the lower grandfathered rates, creators must Patreon in the next few weeks before the new rates hit in early May. 3 million fans now pay 100,000…
Pandora Adds ‘Modes’ For Custom Lean Back Listening
Pandora has added Modes, a new feature for both free and premium users to customize the listening experience on Pandora stations. New are selectable modes within stations including “Crowd Faves” (most thumbed-up tracks by other listeners), “Discovery” (hear more songs by other similar artists) and “Artist Only” (songs only by…
Canadian Independent Music Association Gets $20M From Federal Government
The Canadian Independent Music Association has been awarded $20 million the federal government over the next two years for the Canada Music Fund. The CMF has been a critical source of support over the years but had been underfunded and over-subscribed for the past decade. “This funding increase is fantastic…
Tencent Music Posts $127M Loss, 664M Monthly Active Users
Tencent Music posted a $127 million loss in its first quarterly report its a December 2018 IPO. The loss, which the streamer forecast in its IPO prospectus stems from a one time $221 million stock issuance to Warner Music Group and Sony Music Entertainment. Tencent Music reported 664 million monthly…
WED. BRIEF: Tencent Music Posts $120M Loss • Pandora Adds Modes AEG Adds Mission Fair Ticketing • More
WEDNESDAY 3.20.19
Music Business News From Around The Web
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NMPA, Downtown, Ole, Peer, Others Sue Peloton For $150M In Song Infringement
The National Music Publishers’ Association (NMPA) has filed a lawsuit against exercise equipment and streaming giant Peloton on behalf of members Downtown Music Publishing, Pulse Music Publishing, ole, peermusic, Ultra Music and others. The lawsuit alleges infringement of more than a thousand musical works and seeks damages of more than…