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…
Category archives: Indie Labels
The 12 Biggest Independent Labels In US
Independent labels account for an estimated 36% of the total US recorded music market. With total revenue of $2.3 billion, here are 12 independent labels that generated the most revenue in the US last year. via Billboard Note: Indie status is determined by label ownership.
It’s Easier For New Artists To Gain Traction On Spotify says CEO Daniel Ek
Artist and music discovery on Spotify were among the topics covered during Monday’s earnings call. With CEO Daniel Ek sharing some stats that show that the despite the fact that 40,000 new tracks are uploaded daily, more artists than ever are being discovered on the platform than ever before. 3.9…
BUSINESS OF INDIE: AWAL + SideOne Dummy • Primary Waves Names CFO • Fierce Panda • LVRN • More
In this new edition of the Business Of Indie, AWAL inks SideOne Dummy Records • Primary Waves names a CFO , indoe labels Fierce Panda signs and LVRN get profiled. All that and more news from the world of independent music. Like Hypebot’s More News section, The Business Of Indie…
How Spotify’s Continued Expansion Is Killing Niche Music Genres
While the rise of streaming is, in many ways, responsible for the music industry’s salvation, the vast majority of content streamed on platforms like Spotify generally tends to lean towards the pop/hip hop spectrum. As Thomas Steffens here explains could be bad news for more niche music genres like classical…
Spotify Adds 40,000 New Tracks Every Day [That’s Not A Typo]
During an earnings call Monday, Spotify CEO Daniel Ek shared that the streamer now offers 60 million tracks. The catalog continues to grow by a whopping 40,000 tracks every day, according to Ek. Podcasts Additionally, more than 50,000 podcasts have been submitted to Spotify through Spotify for Podcasters, enabling listeners…
Creator Support: A New Way To Pay Artists For Streaming [Mark Mulligan]
How to fairly compensate creators as consumption becomes dominated by streaming is the subject of vigorous debate. But a new model dubbed ‘creator support’ is gaining traction because it will pay many artists more with minimal impact on the wider royalty pool, says MIDiA’s Mark Mulligan. ___________________________________ By Mark Mulligan…
SideOne Dummy Records Inks Global Deal With AWAL
Kobalt’s AWAL has inked an exclusive worldwide deal with the seminal independent SideOne Dummy Records. The worldwide deal will leverage both AWAL distribution and marketing. Based in LA, SideOne Dummy Records was founded in 1995 by Joe Sib & Bill Armstrong. The label has launched the careers of Gaslight Anthem,…
Label Negotiations Will Be "Long Drawn Out Process" says Spotify Exec
Spotify is in the midst of crucial renegotiations with all three major labels and other partners. We should expect those negotiations to be "a long drawn out process," Spotify Chief Financial Officer Barry McCarthy said on a Q1 earnings call Monday. "It’s just the nature of the beast," McCarthy added….
REWIND: The New Music Industry’s Week In Review
Just in case you missed something the first time around, we’re taking a moment to look back on another full week of music industry news, revisiting a big Record Store Day for vinyl, the somewhat surprising top ten global artists, the arrival of Beyoncé’s ‘Lemonade’ on Spotify, three years after…