FRIDAY 6.28.19
Music Business News From Around The Web
Updated continuously under the More News tab
Author archives: Bruce Houghton
Apple Music Now Has 60 Million Subscribers
Apple Music now has 60 million subscribers, including paying users and those on free trials, according to Apple executive Eddie Cue. That’s up 20% from 50 million in May of 2018. Cue revealed the solid but not spectacular year over year growth in an interview with French publication Numera. He…
UMG Pocketed Up To $150M In Fire Settlement, Insurance Payments and Paid Nothing To Artists, Lawsuit Claims
In addition to covering up the scope of damage in a 2008 fire in a Universal Music Group vault containing recording masters of more than 800 artists, the company allegedly also profited from settlement and insurance payments, according to a new report and court filings. After the devastating fire, UMG…
Music Sync Platform mVibe Launches
Music sync platform mVibe has launched, featuring a collection of more than 500,000 cover recordings and re-records of hit songs for sync. The new service says it will help ad agencies and music supervisors find and license creative renditions of current hits and classic songs in all styles and genres…
7Digital Flirts With Bankruptcy, eMusic Makes $1.6M Bet
B2B digital music services provider 7Digital is flirting with administration, the UK equivalent of bankruptcy, after investors rejected a plan to issue more shares for cash which the company says its needs to survive. 7digital Group Plc is a publicly traded digital music and radio services platform. 7digital offers both…
Taylor Swift To Headline Amazon Prime Day Concert with Dua Lipa, SZA, Becky G
Amazon Music will broadcast an exclusive Prime Day Concert on July 10th featuring Taylor Swift with additional performances by Dua Lipa, SZA, and Becky G. Actress Jane Lynch of Amazon’s hit TV show The Marvelous Mrs. Maisel and Netflix’s Glee will host. The concert will air live on Prime Video…
THU. BRIEF: YouTube Music Adds Auto-Downloads • UMG Post-Fire Plan • Amazon Prime Day Concert • More
THURSDAY 6.27.19
Music Business News From Around The Web
Updated continuously under the More News tab
Nielsen Music Mid-Year Report Predicts 1 Trillion Streams In US, Canada In 2019
A new Nielson Music Mid-Year Report for the US and Canada shows streaming adoption driving a robust music industry. The first half of 2019 shattered previous 6 month records with more than 507 billion on-demand combined music and video streams and milestones led by singles and albums from Ariana Grande,…
Amoeba Music Forced To Move Iconic LA Store
The LA City Council has approved zoning changes that clear the way for the demolition of Amoeba Music’s distinctive Los Angeles outlet. According to the LA Times, the vote facilitates the development of a new, 26-story building at the site of the current Amoeba Music store, located at the corner…
Songtrust Now Represents 205K Songwriters, 2M Songs, Reports Record Growth
Royalty collection platform Songtrust has announced impressive year-over-year growth. As of May 31st, Songtrust has more than 2 million songs under management from 26,000 publishers and 205,000 songwriters from 64 countries. Since Q2 2018, the company has added more than 55,000 songwriters, and now registers more than 5,000 new songs…