Spotify (SPOT) stock fell 2.83% Wednesday after the streamer’s Q2 earnings report and news of two major acquisitions. The stock was trading down another 2.21% at $132.46 in pre-market trading Thursday. Strong user growth and its first ever profitable quarter were offset by lower than anticipated earnings and the acquisition…
Category archives: DIY
Orchard Co-Founder Issues Warning To Music Industry: ‘You’re Probably Going To Be Replaced’
In this article, Oisin Lunny shares a dire warning from Scott Cohen, the enigmatic music tech pioneer affiliated with company’s like, Spotify, The Orchard, and the British Phonographic Industry. In a recent keynote presentation, Cohen warned a massive industry sea change would likely soon reshape the music business entirely. _________________________________…
WMG Names Eliah Seton As President of Independent Music and Creator Services
Warner Music Group has named Eliah Seton has been named its first President of Independent Music & Creator Services. Seton is bing promoted from his post as President of ADA Worldwide as of WMG’s effort grow its footprint in independent music. Seton’s portfolio will include WMG owned indie distributor ADA…
Copyright Royalty Board Ups Songwriter Royalties 44%, Coalition Bids To Oversea Mechanical Licensing
The US Copyright Royalty Board published the final rates and terms for mechanical royalties for songwriters to the Federal Register on Tuesday, making them official more than a year after they were first announced. The rates cover the period from 2018 to 2022 includes a significant increase in the overall…
Fair Pay, Fair Fight: For Musician Radio Royalties, Will The Circle Be Unbroken?
After the struggle of getting the Music Modernization Act passed and allegedly gave pre-1972 artists the royalties they finally deserved, a new merger between Sirius and Pandora by their hold-tightening parent company Liberty Media, has artists and advocates gearing up for an ongoing fight against tech companies and their lobbyists….
Why Musicians Should Think More B2B, Less About B2C
In this piece, Bobby Owsinski explains why, in the new music economy, artists need to think more about Business to Business transactions instead of just focusing on Business to Consumer transactions. _________________________ Guest post by Bobby Owsinski of Music 3.0 You might be wondering about the title and that’s because…
This Infographic Tells Story Of Spotify’s Strong Q4
Even as news was breaking that Spotify had acquired major podcasters Gimlet Media and Anchor to further its mission as an "audio-first" company, the streamer also reported a solid Q4 2018 with both strong user growth and its first ever quarterly operating profit. Just in case you’re no interested in…
BUSINESS OF INDIE: Secretly Moves To AMPED • EMPIRE Adds Staff • A2IM West Coast Mixer • More
In this edition of the Business Of Indie, Secretly Distribution leaves ADA for AMPED, EMPIRE staffs up before some BIG releases, A2IM announces West coast mixer and much, much more. Like Hypebot’s More News section, The Business Of Indie is nestled under its own Indie tab at the top of…
5 Ways Five Artists Met Their Managers
One thing many present day successful artists have in common is a great manager behind the scenes, helping to engineer that success. Here we look at the origin stories of five such matches in music. ___________________________ Guest post from AWAL J Cole, the 1975, Chance the Rapper, Rita Ora, and…
3 Reasons It Pays To Be Selfish About Your Time
While there may be an established mentality in the music industry that, in order to be successful, you must constantly be giving it your all, there is in fact a compelling case to be made for being a little more selfish with your time and energy rather than focusing on…