Music licensing platform Songtradr has completed a Series B capital of US$12 million to support acquisitions, growth and product development. This round brings Songtradr’s total funding to date to $21.5 million. Billing itself as the only fully-automated, open marketplace for music licensing with over 400,000 artists and catalogs from 190+…
Category archives: Music industry
Splice Raises $57.5M, Artist Payments Pass $15M
Splice has raised $57.5 million in a Series C round to expand its music sample subscription service and other artist services. The startup also announced that it has paid $15 million in royalties since launching in 2013 to creators who offer samples through the company’s artist-to-artist service, Splice Sounds. Leading…
THU. BRIEF: Splice Raises $57.5M • Tencent Music Tumble • Pandora Celebrates Spring • Tuner • More
THURSDAY 3.21.19
Music Business News From Around The Web
Updated continuously under the More News tab
6 Event Marketing Tips From The Facebook Live Team
As with everything else that takes place live, Facebook Live moments can be an unpredictable beast, and using the tool successfully means being prepared for mishaps and pitfalls. Here we look at six essential tips from the from the Facebook Live team. _______________________________ Guest post by Ronnie Higgins of Eventbrite…
Five Major South Korean Entertainment Companies Lose Nearly 18% of Their Market Value Following Sex Abuse Scandals
Investors aren’t too happy with Korean entertainment companies following multiple sex abuse scandals. Last week, multiple sex abuse scandals rocked the Korean music industry. It also dismantled several well-known K-pop groups. First, Seungri – dubbed …
Streaming Music Forecast 2018 – 2026 [MIDiA]
Respected music and entertainment industry analysts MIDiA have just published its latest global music forecasts, with revenue and user numbers projected through 2026. __________________________ From MIDiA’s Mark Mulligan from the Music Industry blog 2017 was the last year of strong streaming revenue growth. From 2018 onwards streaming growth will lessen…
Could You Be Making A Record Almost No One Will Hear?
You can pour your heart and soul into a record and create some of the best work of your life, but creating good music in no way guarantees anyone will hear it. Here we look at five common pitfalls artists make when releasing new music, and how can avoid making…
Patreon Raises Some Prices, Reports 100K Creators Earn $500M Yearly
[UPDATED] Patreon has added new tier pricing which mean higher fees for many new creators using the fan funding platform. To take advantage of the lower grandfathered rates, creators must Patreon in the next few weeks before the new rates hit in early May. 3 million fans now pay 100,000…
Canadian Independent Music Association Gets $20M From Federal Government
The Canadian Independent Music Association has been awarded $20 million the federal government over the next two years for the Canada Music Fund. The CMF has been a critical source of support over the years but had been underfunded and over-subscribed for the past decade. “This funding increase is fantastic…
Tencent Music Posts $127M Loss, 664M Monthly Active Users
Tencent Music posted a $127 million loss in its first quarterly report its a December 2018 IPO. The loss, which the streamer forecast in its IPO prospectus stems from a one time $221 million stock issuance to Warner Music Group and Sony Music Entertainment. Tencent Music reported 664 million monthly…