Song Stories, hosted by Hypebot contributor Kyle Bylin, explores how music changes people’s lives and impacts the places they live in. This week’s episode features Eric Gilbert, who is the co-founder and director of Treefort Music Fest, a music festival in Boise, IA. The festival proudly shines a spotlight on…
Category archives: Music Tech
The Awkward Truth Behind Skip Rates
With the ubiquity of music access and a lack of any need for patience, the term "skip-rate" has crept into the modern music industry lexicon, and some new data behind why and when consumers are skipping songs (and thereby not generating revenue for the artist) has many in the industry…
Songtradr Adds $12 Million To Fund Global Growth
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+…
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
Tencent Music [NYSE: TME] Stock Fell 11% Wednesday
UPDATE 2: Tencent Music [TME] stock took a hit Wednesday after the streamer’s first post-IPO report to investors included a $127 million quarterly loss. Tencent stock closed Wednesday at $16.66 USD, down $1.91 or 10.29% and fell another 1% in after hours trading. Investors were not happy, even though the…
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…
5 Excellent Free Software Options For Creating Music At Home
The ubiquity (and quality) of available home recording software has dramatically lessened the cost of DIY recording, but with so many options available, it can be difficult to know exactly where to begin. Here, we breakdown five of the best. ____________________ Guest post by Evan Zwisler of Soundfly’s Flypaper The…
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…
Pandora Adds ‘Modes’ For Custom Lean Back Listening
Pandora has added Modes, a new feature for both free and premium users to customize the listening experience on Pandora stations. New are selectable modes within stations including “Crowd Faves” (most thumbed-up tracks by other listeners), “Discovery” (hear more songs by other similar artists) and “Artist Only” (songs only by…