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…
Author archives: Bruce Houghton
She Rocks Awards Celebrate Women In The Music Industry
The She Rocks Awards took over the House of Blues Anaheim last the weekend to pay tribute to women from all corners of the music and audio industries. Co-hosted by Lyndsey Parker and Christine Devine in association with the Women’s International Music Network (the WiMN), the 7th annual gala celebration…
Kendall Jenner, Bella Hadid, Top Models Face Fyre Festival Subpoenas
Kendall Jenner, Bella Hadid, and Emily Ratajkowski and other top models, as well as the modeling agencies that represent them, can now be subpoenaed for their involvement in promoting the disastrous Fyre Festival, a federal judge ruled. The ruling is part of a bankruptcy case involving the festival, which took…
PledgeMusic Co-Founder Benji Rogers Returns As Advisor, Promises 3rd Party Financial Oversight
PledgeMusic Co-Founder Benji Rogers is returning to the struggling crowdfunder as a volunteer strategic advisor and observer to the board. PledgeMusic has come under fire over the last six months for widespread late payments and non-payments to artists. "I have seen first hand how tirelessly the team, management and board…
Benji Rogers Pens New Open Letter To PledgeMusic Artists and Fans [FULL TEXT]
Benji Rogers is returning to PledgeMusic as a "volunteer strategic advisor and observer to the board" as the music crowdfunding platform continues to struggle to pay artists monies pledge to by their fans. In keeping with the sincerity and openness that has made him a popular figure in music tech,…
Apple Music Passes 50M Paid Subscribers, Biggest Quarterly Music Revenue Ever
Apple Music passes 50 million paid subscribers before the end of 2018, Apple CEO Tim Cook told investors during a Tuesday earnings call. That’s up 10 million in the last year. If you’ve heard the 50 million figure before, it previously included 90 date free trials and other free users….
WED, BRIEF: Record Earnings @ SiriusXM • Apple Music +50M • New R. Kelly Album Being Shopped • More
WEDNESDAY 1.30.19 Music Business News From Around The Web Updated continuously under the More News tab
Pandora CEO Roger Lynch, Other Execs Exit As Shareholders Approve Sale To SiriusXM
Pandora (NYSE: P) stockholders voted on Tuesday to approve the audio streamer’s acquisition by SiriusXM. At the special meeting stockholders with 75% of the outstanding voting power voted, with 97% of the votes cast in favor of the transaction. The transaction is expected to close shortly and shares of Pandora…
BUSINESS OF INDIE: Fearless Turns 25 • Humble Angel Adds Dance Imprint • Orchard Sells TV, Film Division • More
In this Tuesday edition of the Business Of Indie roundup, we look inside the wonderful world of independent music as Fearless Records turns 25, Humble Angel Records adds a dance imprinte, The Orchard sells its TV and film division and much more Like Hypebot’s More News section, The Business Of…
SoundRoyalties Opens Nashville Office, Networking Space
[UPDATED] 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…