Austin, Texas based virtual reality music platform TheWaveVR has closed a $2.5 million seed funding round to build a social VR music platform that will launch later this year. Participating in the round are leading venture capital firms including KPCB Edge, Presence Capital, Rothenberg Ventures, RRE Ventures, The VR Fund,…
Category archives: Music Business
FRI. BRIEF: DoJ Ruling Boosts Pandora, Apple • Pasquale Rotella Walks • Lyor Speaks • More
FRIDAY 2.5.16 Music Business News From Around The Web Not sure the sky is falling, but we’ve only begun to feel the ramifications of yesterday’s DoJ royalty ruling. Updated continuously under our More News tab
Department Of Justice Issues Feared Official Ruling Requiring 100% "Full-Works Licensing"
Today’s official ruling by the U.S. Department of Justice is sending shockwaves across the music industry. Most affected are BMI and ASCAP and songwriters who have suddenly lost some control over songs which they have written with others. __________________________________________ As anticipated, the U.S. Department of Justice has issued its official…
Likely Pop Sensation? The Numbers Behind Dagny [Liv Buli]
Can numbers predict the next big pop sensation? Here we look at how a dramatic spike in an artist’s popularity across YouTube, Pandora, and social media could predict massive success and the birth of a major pop star. ________________________ Guest Post by Liv Buli of Next Big Sound PALM SPRINGS,…
Understanding The Monetization Of YouTube Views
While some artists may assuming that they will automatically receive revenue when their videos are viewed on YouTube, turning views into cash is actually a rather complex process, one which we break down and analyze here. _________________________________ Guest Post by Bobby Owsinski on Music 3.0 Many artists and bands think…
3 Methods Of Negotiating For Higher Pay From Venues
For bands and artists starting out, it can be difficult to convince a venue to take a risk and compensate you properly for your performance. Here we review three different strategies to employ when negotiating to receive proper pay. __________________________________ Guest Post by Jhoni Jackson on the Sonicbids Blog Upstart…
Department Of Justice To Release Controversial ASCAP, BMI Consent Decree Decision Today [Sources]
UPDATE: The DoJ Ruling Is Live. Details Here. The US Department of Justice will release its official consent decree decision governing ASCAP and BMI today, two well placed sources tell Hypebot. Advance leaks of the decision have drawn fire from songwriters, publishers and much of the music industry. While we’re…
Apple Music Scores Exclusive On Britney Spears’ New Album "Glory"
Days after Frank Ocean shared that Apple Music had been given a 2 week exclusive to his much anticipated new release, Britney Speared tweeted that she’d cut a deal with Apple for her upcoming album "Glory." _______________________________________ Britney Spears took to Twitter to announce that here upcoming album "Glory" would…
WMG Reports 14% Revenue Growth, Cuts Quarterly Loss 80%
Warner Music Group reported that revenue grew 14% last quarter, driven in large part by digital growth of 21%. Revenue from streaming is now almost twice the size of download revenue. ____________________________________________ Warner Music Group Corp. today announced its third-quarter financial results for the period ending June 30, 2016. Highlights:…
Mercury Prize 2016 Nominees Announced [Full List]
The Mercury Prize, which honors the UK’s best albums has announced its 2016 nominees. “This is music to make sense of our unsettling times – heartfelt, angry, thoughtful and thrilling," the judges said in a statement. "The 2016 Hyundai Mercury Prize ‘Albums Of The Year’ are marked by their musical…