Sony Music Made $677 Million In Profit Last Year. Now, They’re Spending $400 Million of That on Believe

Sony Music Entertainment is going shopping (again)!  After gaining full-blown ownership over The Orchard and Sony/ATV Music Publishing, the Tokyo-based label is ready to drop some serious cash on Believe. With streaming exploding, what’s a major music label to do with all its cash?  Thankfully for Sony Music Entertainment, there’s Believe Digital, which is rumored […]

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Sony Music Made $677 Million In Profit Last Year. Now, They’re Spending $400 Million of That on Believe

Sony Music Entertainment is going shopping (again)!  After gaining full-blown ownership over The Orchard and Sony/ATV Music Publishing, the Tokyo-based label is ready to drop some serious cash on Believe. With streaming exploding, what’s a major music label to do with all its cash?  Thankfully for Sony Music Entertainment, there’s Believe Digital, which is rumored […]

The post Sony Music Made $677 Million In Profit Last Year. Now, They’re Spending $400 Million of That on Believe appeared first on Digital Music News.

The Streaming Problem: How Spammers, Superstars, and Tech Giants Gamed the Music Industry

On a website with more than 100 million active daily users, there are plenty of ways to game the system, be it for attention, or, if the streams pile up enough, profit.
Vulture

Breaking: Spotify Officially Responds to ‘Fake Artist’ Allegations

Last week, Spotify got blasted by allegations of manufacturing ‘fake artists’ to avoid paying the real ones.  Now, they’re responding to those accusations, and addressing broader issues of playlist gaming. If Spotify is the new king of the music industry, are they ruling the minions fairly?  As the influence of streaming playlists becomes extreme, that’s becoming […]

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Donald Trump Still Hasn’t Appointed Anyone to Lead the US Copyright Office

Months after Congress gave Donald Trump the power to directly appoint a head of the US Copyright Office… crickets. Looks like the US Copyright Office is having a serious crisis in leadership.  And that’s because there’s no leader! That’s right kids: months after Congress enacted a provision to allow Donald Trump to directly appoint a […]

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These Lavish Office Photos Are Coming Back to Haunt SoundCloud

Was it all avoidable?  Wild overspending is partly being blamed as SoundCloud slashes 40% of its workforce and grinds towards bankruptcy. You could say that SoundCloud never had a viable business model.  But were they also guilty of some seriously bad business?  Accordingly, co-founders Alexander Ljung and Eric Wahlforss are now battling accusations of wild overspending […]

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