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…
Category archives: Music Tech
WED. BRIEF: Tencent Music Posts $120M Loss • Pandora Adds Modes AEG Adds Mission Fair Ticketing • More
WEDNESDAY 3.20.19
Music Business News From Around The Web
Updated continuously under the More News tab
PledgeMusic Debacle Update [Iain Baker of Jesus Jones]
Iain Baker of Jesus Jones provides an update on his battle with troubled Pledge Music; a debacle which has grown into a full on financial crisis for both artists and fans, with no yet in sight. ___________________________ Guest post by Iain Baker from Music Technology Policy [We’re pleased to provide…
The Recording Industry Is Growing, So Why Do We Need Article 13? [Op-Ed]
With Article 13 just weeks away from becoming law both sides are ratcheting up to support or fight the copyright directive. Mike Masnick sits firmly in the later cap and asks why the restrictive legislation is need at a time of explosive growth in the music industry. ________________________________________ By Mike…
TUE. BRIEF: Spotify Plans Songwriter Town Halls • 2.6M BTS Pre-Sale • Recording Academy Narrows Search • More
TUESDAY 3.19.19
Music Business News From Around The Web
Updated continuously under the More News tab
Myspace Has Lost 50 Million Tracks From 14 Million Artists
Myspace has lost all content uploaded to the site before 2016 including more than 50 million tracks,videos and photos from 14 million artists. Users noticed that content was missing almost a year ago. MySpace was once the most important social network in the world and served as a vital conduit…
How To Prepare For A Post-Album Music Industry [Keith Jopling Of MIDiA]
The album is not dead, but it is fading away; and stats shared by MIDiA analyst Keith Jopling confirm the trend. Adults that claim to listen to whole albums monthly, stands at just 16% according to Q4 ‘18 data from MIDiA, a drop from 22% in the previous quarter. ______________________________…
Copyright and A Defense Of ‘Unfair’ Competition [Neil Turkewitz]
In this article, Neil Turkewitz goes on the offensive against a recent piece by Mark A. Lemley and Mark P. McKenna titled "Unfair Disruption" in which the authors lambast copyright and its owners’ inability to adjust to disruptive technology and innovation. ___________________________________ Guest post by Neil Turkewitz from Medium Okay,…
Skip Rates: Why The First 30 Seconds Matter More Than Ever
With the album on the wane and attention spans shorter than ever, the first 30 seconds of of a song matter more than. Not only do they need to capture the listener’s attention, but in streaming, they determine if the songwriter is going to get paid at all. Skip rates…
XITE, Music Video Streaming App, Makes US Debut
A free app already popular on the international scene, XCITE has officially been rolled out in the US, and may be the first streaming service solely dedicated to music videos. ________________________________ Guest post by James Shotwell of Haulix Finally, a streaming service solely focused on music videos has debuted in…