TakeLessons Acquires Competitor Chromatik

TakeLessons has acquired Chromatik, a digital sheet music and music education platform. Details of the deal were not announced, but Chromatik had raised $7.7 million from Rustic Canyon Partners, Learn Capital, Plus Capital and others. Chromatik was founded in 2010 and powers millions of musicians playing, learning and sharing music….

YouTube Has Changed Its Payment Threshold and It’s Bad News For New Musicians, Creators

YouTube has been working on ways to respond to a major ad boycott over ad placement alongside objectionable videos. One of the changes will be bad news for musicians and other creators at the beginning of their careers. ____________________________ Effective immediately, YouTube will no longer serve ads on videos until…

LyricFind and Turning Your Lyrics Into A Revenue Stream [Music Biz Weekly Podcast]

This week on Hypebot’s Music Biz Weekly podcast, hosts Michael Brandvold and Jay Gilbert are joined Darryl Ballantyne, the CEO of LyricFind. He shares how to make lyrics a revenue stream and that they are properly licensed. _____________________________ LyricFind created a new revenue stream for songwriters and rights holders by…

Congress’ PROMOTE Act Grants Right To Pull Songs Off Radio, Since They’re Not Paying You Anyway

Congressmen Darryl Issa and Ted Deutch recently introduced the new bipartisan PROMOTE Act which, if passed, would grant owners of sound recording copyrights the exclusive right to prohibit the radio broadcast of said recordings. __________________________ Guest post by Chris Castle on Music Technology Policy Congressmen Darryl Issa and Ted Deutch…

ASCAP, SACEM, PRS Form IBM-Backed Blockchain Music Initiative To Improve Royalty Tracking

2017 is the year that Blockchain will become more of a tool than a theory. The technology, which allows seamless tracking of digital use has been called the savior of an industry where tractions yield only a fraction of a penny. Now, three of the world’s biggest collection societies have…

Q1 Stats Show A Growing Music Industry IF It Can Figure Out Streaming

New sales and streaming stats from BuzzAngle Music show a recorded music industry that’s growing again, led by an explosion in streaming. But with digital and physical sales plummeting, the pressure in is own to make streaming profitable for all – the labels, the creators and the services themselves. _____________________________…

Artist & Manager Relationships – A Look At Recording Industry Management Agreements [Part 2 Of 2]

In the second part of a set of articles exploring the different music business agreements, Justin M. Jacobson dives into the world of management agreements, the additional clauses associated with them and negotiation tactics surrounding these clauses. _________________________ Guest post by Justin M. Jacobson of the TuneCore Blog [Editors Note:…

1-in-5 Videos Shared On Facebook Are Now Live Streams

Live video is exploding across social networks, but particularly on Facebook. Fidji Simo, Facebook’s head of video, revealed that now one in five videos shared on the social network is live; and over the past year, daily watch time for Facebook Live broadcasts has grown by more than 4 times….

The Smart Way To Crowdfund For Your Sick Guitarist

Here Caryn Rose discusses Sweet Relief, an organization which was designed to help ill musicians get the kind of financial support that they need, before online crowdfunding was as commonplace as it is now. ___________________________ Guest post by Caryn Rose of CASH Music It’s become a deeply sad and all…

5-Step Guide To Getting Music Blog Coverage For Your Next Release

Most musicians want their music heard, and hiring a publicist can be a great way of getting the word out. Unfortunately, publicists are also expensive, and not always affordable on a DIY budget. Here we walk through a five-step guide on how to be your own PR agent. _______________________ Guest…