Paste Magazine Editor In Chief Josh Jackson joins Michael Brandvold and Jay Gilbert on the Music Business Weekly podcast, who discusses Paste’s recent acquisition of Noisetrade. What are Paste’s plans? Will they integrate Noisetrade into Paste and Day…
Author archives: Bruce Houghton
Garth Brooks Just Pre-Sold 1 Million $130 Vinyl Box Sets
Garth Brooks has pre-sold a record one million vinyl albums of his $130 box set “Legacy Collection.” In March, Brooks sold over 420,000 in just 18 hours. There was initially a 24 hour window to sell the allotted number of boxed sets, but they were gone in just over 12…
Highlights From ASCAP Expo 2019
ASCAP began its 2019 "I Create Music" Expo with the announcement that total revenues for 2018 topped $1.227 billion, an increase of 7% over the previous year. $1.109 billion in royalties were paid to member songwriters, composers and publishers, up 10% year-over-year. Highlights Atlanta power players including producer Don Cannon…
Tinder Adds ‘Festival Mode’ To Enable Music Fest Hookups
Hookup app Tinder has added “Festival Mode” which effectively connects users at music festivals who are looking to ‘connect.’ The new feature allows users to add badges to their profile to show which music festivals that are attending over the summer. The app then prompts users to make a selection…
EU Begins Probe Of Spotify’s Apple Anti-Trust Complaint [Report]
The European Commission has begun an official probe of Spotify’s anti-trust complaint against Apple, according to a new report. The complaint centers on the 30% that Apple charges for in app purchase and polices that Spotify CEO Daniel Ek says,"deliberately disadvantage other app developers." "In recent years, Apple has introduced…
PledgeMusic Enters Pre-Administration As Buyer Deliberates
PledgeMusic.com Limited is in pre-administration, the UK version of a pre-bankruptcy, sale or reorganization, sources tell Hypebot. But as we previously reported, there is also still an active potential buyer. A confidential email leaked by DMN, which purports to offers potential buyers a look at PledgeMusic’s assets and financials, only…
MON. BRIEF: EU Reviews Spotify’s Apple Complaint • 1M Garth Brooks Vinyl Sold • ASCAP Expo Wraps • More
MONDAY 5.6.19
Music Business News From Around The Web
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Music Sync Is Ripe For Change [Mark Mulligan]
Music sync is ripe for innovation and change, says MIDiA’s Mark Mulligan, after extensive research of the sector, The number of music syncs is higher than ever and more platforms are seeking new music, but the market with a host of structural challenges. _____________________________________ By Mark Mulligan of MIDia and…
Midemlab Offers Look At Music Tech’s Best New Startups
Global music industry convention MIDEM has named its 2019 Midemlab nominees. Designed to honor the 20 best new music tech startups, Midemlab 2019 received 177 submissions from 45 countries. Previous participants in the contest include Soundcloud, the Echo Nest (acquired by Spotify), and BandPage (acquired by YouTube). 2018 winner, Asaii,…
Layoffs At SiriusXM Following Pandora Acquisition
SiriusXM has announced nearly 60 layoffs in an effort to realign departments following the company’s recent acquisition of Pandora Media, The news was delivered in a memo sent to staffers by Sirius XM CEO Jim Meyer. The memo reportedly reveals that the layoffs were made in order to “better align”…