Pledge Music has sent an email to artists with active crowdfunding campaigns advising them to "suspend" them immediately, Hypebot has confirmed. The company also suspended new fan contributions to all campaigns overnight Wednesday. Attempts to contribute to multiple campaigns on Thursday morning resulted in a pop-up reading: "Dear Fans, Unfortunately…
Category archives: Music industry
Warner Music Group Shifts Its Los Angeles HQ
Warner Music Group’s Los Angeles HQ will shift to Downtown LA. Warner Music Group (WMG) is riding high. Yesterday, the major label confirmed its revenue topped $1.2 billion for the fiscal quarter ended December 31st, 2018. Its music publishing operati…
Article 13 Moves Forward As France, Germany Sign On
Article 13 is moving forward to full adoption after France and Germany signed on to a revised version. The on again off again controversial EU copyright directive legislation is set up-end the Safe Harbor protections on which YouTube and other popular user-generated platforms were created. Google, YouTube and others have…
Spotify (SPOT) Stock Continues To Fall
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…
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…