The Death of Crowdfunding? Kickstarter’s Drip ‘Reboot’ Scrapped Following Unviable Business Model

In an effort to better compete against Patreon, Kickstarter unveiled Drip. The crowdfunding platform first acquired Drip in March 2016.  Ghostly International had launched its independent patronage platform in 2012 to “support musicians through subscri…

Spotify Reportedly Signs On to Support Facebook’s New Cryptocurrency, the Libra

Spotify has reportedly jumped on the lengthy backers’ list for Facebook’s new project. For more than a year, Facebook has quietly worked on a new cryptocurrency dubbed the Libra.  Now, the company has prepared to formally unveil the project this week. …

Jason Bentley Is Stepping Down as KCRW Music Director and ‘Morning Becomes Eclectic’ Host

Longtime indie curator Jason Bentley is stepping down as KCRW’s music director and host of Morning Becomes Eclectic. We’ve had the pleasure of interviewing Jason Bentley in the past, and exploring some of his philosophies on building everything from pl…

Kid Cudi Named Co-Star In Upcoming ‘Bill & Ted Face the Music’ Movie

Kid Cudi will co-star in the upcoming Bill & Ted: Face the Music movie, alongside Keanu Reeves and Alex Winter. It looks like Cudi has a pretty significant role in the film. The upcoming movie is expected to release on August 21st, 2020. Alex Winte…

Lil Durk Faces Charges of Attempted Murder After Surveillance Footage Surfaces

With new surveillance footage available, prosecutors have charged Lil Durk with attempted murder. Popular rapper Lil Durk, signed to Interscope/Universal Music Group, experienced a potentially devastating career setback this week, as Georgia law-enforc…

A List of Artists Whose Masters Were Lost In the 2008 Universal Studios Fire

The ripples are just being felt from Jody Rosen’s bombshell New York Times Magazine exposé on the Universal Studios fire of 2008. The losses felt by Universal Music Group were staggering — not to mention the broader music community.  Yet nobody knew ab…

Apple Music May Be Worth $15-$20 Billion Alone

Just how much is Apple Music worth exactly? According to one analyst, Apple’s music streaming platform may be more successful than the Cupertino company has let on. In a note published yesterday, Evercore ISI analyst Amit Daryanani explored how the com…

SoundExchange Is Auditing TuneIn Over Statutory License Payments

TuneIn has just received some pretty bad news from the Copyright Royalty Board (CRB). Last Friday, the CRB filed its ‘Notice of Intent to Audit‘ radio streaming platform TuneIn, with SoundExchange leading the examination.  The news comes a month after …

The Universal Studios Fire In 2008 Destroyed an Estimated 500,000 UMG Master Recordings — Though Universal Is Damage-Controlling That Figure

Universal’s 2008 fire reportedly destroyed 500,000 recordings, including Chuck Berry, Ella Fitzgerald, and Eminem master tapes, according to the New York Times.  UMG says the report isn’t entirely accurate. Additional information concerning the tragic …

Yo Gotti Fights Back Against $6.6 Million Court Ruling for Bailing on a Rap Collaboration

After a $6.6 million judgment against him for failing to perform a rap collab, Yo Gotti is asking a judge to vacate the settlement. Judge Todd Burke of Forsyth Superior Court awarded the $6.6 million settlement to Michael Terry, manager of rapper Young…