Music analytics platform Soundcharts has launched a new version with new pricing. Under the plan, users can share data access with their entire team at no additional cost. Every plan comes with unlimited users and is based on the number of monitored artists, starting at €19 / $21.50 USD per…
Category archives: Music Tech
SEC Charges Major PledgeMusic Shareholder With $25M In Penny Stock Fraud
Joshua Sason, whose Magna Group is one of PdgeMusic’s largest investors, has been sued by the U.S. Securities and Exchange Commission for fraud. A Friday SEC filing accuses Sason of an elaborate scheme to illegally obtain $25 million in shares of penny stock to unload on investors. "Magna Group and…
Rhapsody and Napster To Pay Songwriters Up To $10M In Class Action Settlement
The law firm representing musician and artist advocate David Lowery and other songwriters has filed a motion for preliminary approval of a settlement that will see self-published songwriters paid as much as $10 million by Rhapsody and it’s Napster music streaming service. The settlement, filed in the US District Court…
SoundCloud Adds Free Distribution To Spotify, Apple Music To All Pro Accounts
SoundCloud has added free digital distribution to its SoundCloud Premier monetization toolset. With the new feature, creators monetizing music on SoundCloud can distribute to Amazon Music, Apple Music, Instagram, Spotify, Tencent, YouTube Music and other music services directly from their SoundCloud account. Creators using the SoundCloud Premier distribution feature keep…
Truth: The Next Big Data Opportunity
As the reality of data harvesting settles in among consumers, music tech companies are forced to choose where they in the coming privacy war, a where in which honesty and transparency could provide the greatest competitive advantage. ___________________________ In this recent post to MusicThinkTank, Annabel Youens explores how honesty could…
Songtradr Acquires Big Sync Music
Music licensing platform Songtradr has acquired global music licensing agency Big Sync Music. The combined companies will offer Songtradr clients more access to top tier brands and give Big Sync direct access to Songtradr’s massive catalog and propriety technology platform. The acquisition is a multi-million dollar cash and equity transaction…
TUE. BRIEF: UMG Valued At $50B • Rhapsody Class Action Settled • Mumford + Amazon • United Masters • More
TUESDAY 2.18.19
Music Business News From Around The Web
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Spotify Reports Growth and A Hint of Profitability, But Questions Remain [Mark Mulligan]
MIDiA analyst Mark Mulligan takes a deep dive into Spotify’s latest public numbers and finds some areas for real concern. "Spotify is growing its subscriber base markedly more quickly than it is growing its premium revenue," says Mulligan, and that is resulting in declining average revenue per user (APRU). ____________________________…
Why Spotify Isn’t Simply A Music Company [Cherie Hu]
In this piece Cherie Hu looks at how Spotify’s major investments in third party licensing deals and original podcast development are validating investor predictions and causing it to become the Netflix of audio while potentially putting its brand at risk. ____________________________________ Guest post by Cherie Hu on Medium On October…
How To Label MP3’s With Song Information (Meta-Tags)
For the DJs and bloggers who have to deal with your MP3s professionally, few things are more frustrating than having an artist provide music which is unlabeled and contains no meta-tag. Correctly labeling your music is, as luck would have it, actually not that hard, and here we walk through…