Even to industry insiders, determining what exactly each streaming service pays out per stream can be a confusing and complex process, with each platform having its own unique formula for calculating what an artist actually earns. Here we break down some of the numbers in a more digestible format. _____________________________…
Category archives: Music Tech
FRI. BRIEF: Silverlake Acquires TEG • Global Rights Sues Entravision • RIAA Targets Telegram, Cloudflare • More
FRIDAY 10.4.19
Music Business News From Around The Web
Updated continuously under the More News tab
Silver Lake Acquires Concert, Ticketing Giant TEG
US investment firm Silver Lake Partners has signed a definitive agreement to acquire TEG, the Australian and Asian Pacific concert promoter and ticketing giant from funds advised by Affinity Equity Partners. TEG’s senior management team, including CEO Geoff Jones, will continue to run the company and remain equity partners. Terms…
73% Of Fans Never Listen To An Album In Order That The Artist Intended
EU based music streamer Deezer surveyed UK fans and found that 49% are listening to fewer full albums than they were just 3 -5 years ago. The survey found that 42% were putting favorite songs on shuffle or playing individual tracks. Under 25, the stat rises to 55%. Key Takeaways…
A Critical Look At Spotify PR Firm Virtuoso Music
In this review, Brian Hazard of Color Theory walks us through his recent experience using the Spotify PR service Virtuoso Music, whether the service delivered on it’s promises, and whether or not it might be right for you. ____________________________ Guest post Brian Hazard of Passive Promotion It’s always a good…
CMG Announces Capitol Royale Music Conference, Hackathon, Showcases, Wax Record Fair
Capitol Music Group has announced its second annual Capitol Royale on November 15-17. The music and tech festival will celebrate “Music on the Move” by bringing together creatives, coders, designers, startups and fans to explore innovations being made across multiple music touchpoints. Bandsintown, Bose, SDL, gener8tor, ConsenSys, Spin, Glitch, Cloudinary,…
RIAA To Host Key Streaming Policy Panel At Mondo.NYC
The RIAA promises to cut through the complexities of consent decrees, the Mechanical Licensing Collective and other issues related to streaming in an intensive 60 minutes session at the Mondo. NYC conference later this month. Hosted by RIAA Chairman and CEO, Mitch Glazier, “Everything You Need to Know About Streaming…
David Lowery Reminds Musicians To File For Share Of $10M Rhapsody, Napster Songwriter Settlement
David Lowery of Camper Van Beethoven and Cracker led a class action lawsuit against Rhapsody (aka Napster). The case, which alleged the streamer had unlawfully reproduced and distributed copyrighted compositions, has preliminarily settled, and musicians may be entitled to compensation. “I’m really proud of my advocacy on behalf of independent…
YouTube Music Is Adding 3 New Personalized Playlists
YouTube Music is preparing to launch three new personalized playlists – Discover Mix, New Release Mix, and Your Mix – YouTube Chief Product Officer Neal Mohan announced onstage yesterday at TechCrunch Disrupt SF. Reddit users had already spotted Discover Mix, which like Spotify’s "Discover Weekly" helps users discover new-to-them songs…
Paperchain Advances $60K Spotify Royalties In 30 Minutes
Music analytics and fintech startup Paperchain and Centrifuge, a decentralized platform that connects the global financial supply chain, has advancedmade its first advance based on future Spotify royalties. The unnamed artist was paid $60,000 in August streaming revenue from Spotify 45 days ahead of their usual pay cycle with the…