WEDNESDAY 10.30.19
Music Business News From Around The Web
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Author archives: Bruce Houghton
Funding Your Music Career Through Grants
For working musicians today, it’s more important than ever to diversify your revenue streams. One avenue musicians can explore to help fund their careers is through grants. If grants are available in your country/region, they can play an important role in helping to finance your music career. What are music…
Spotify [SPOT] Stock Surges 16.17%
Spotify [SPOT] stock surged $19.15 or 16.17% closing at $140.20 on Monday after the streamer reported strong user growth and a surprise profit. The stock retreated just 1% in early trading on Tuesday.
MORE: Spotify Passes 113M Paid Subscribers As Ave…
Eleven Seven Rebrands As Better Noise Music
Eleven Seven Label Group (E7LG) has rebranded as Better Noise Music. The move has also triggered the consolidation of E7LG’s other imprints – the alt-leaning Five Seven Music and hard rock flagship Eleven Seven – under the Better Noise Music umbrella. Founded by Allen Kovac in 2006, the rock-centric label…
TUE. BRIEF: Spotify Stock Surges – IEBA Day 1 – Jammber Adds Splits – Pex – More
TUESDAY 10.29.19
Music Business News From Around The Web
Updated continuously under the More News tab
Spotify To Monetize Artist/Fan Relationship With A ‘Two-Sided Marketplace’
Spotify founder Daniel Ek is committed to transforming Spotify For Artists into a "two-sided marketplace" which can monetize the relationship that the 465,000 artists that use the currently free artist marketing and data platform. The streamer also revealed that a Two-Sided Marketplace would be "margin enhancing" and is at the…
What You Need to Know About Music Modernization Act and CASE Act
The Music Modernization Act and CASE Act are two of the most important pieces of U.S. legislation for musicians in decades. This week Rachel Stilwell from Stilwell Law joins Michael Brandvold and Jay Gilbert in the music business weekly podcast to explain everything you need know about both. How do…
Everything Spotify Wants You To Know About Q3 [INFOGRAPHIC]
Spotify just posted another marginally profitable quarter for Q3 2019. With it came solid user growth and an increase in podcast listening. The streamer produced an infographic to illustrate the generally positive results and omitting the continued decline in average revenue per user. MORE: Spotify Passes 113M Paid Subscribers As…
Spotify Passes 113M Paid Subscribers As Average Revenue Per User Decline Continues
Spotify grew to 248 million monthly average users in the last three months and beat analysts’ expectations on paid Premium subscribers, reaching 113 million, the company reported in a Q3 letter to shareholders Monday. That’s a growth of 5 million subscribers in 3 months. Podcast listening was also up 39%…
MON. BRIEF: Spotify Beats Expectations – Triller Overtakes TikTok – Apple’s House Band – More
MONDAY 10.28.19
Music Business News From Around The Web
Updated continuously under the More News tab