63% globally are streaming music monthly, but only 1 in 10 say they are paying. Can the music industry survive on revenue from just 10% of music’s fans? ________________________________________ 63% globally are listening to music streaming at least once per month, but only 1 in 10 of those digital consumers…
Category archives: Music Tech
Festicket Raises $6.3M For Festival Travel Booking
UK based startup Festicket has closed $6.3 million in funding to expand its festival experiences and travel booking service. Lepe Partners led the Series B round, with participation from current investors Wellington Partners, PROfounders, and Playfair Capital. New backers from within the industry include Arthur Kosten, ex-CMO of Booking.com) and…
Sen. Elizabeth Warren Calls Out Apple For Locking Out Rivals, Spotify Agrees
Spotify has given a big thumbs up to a speech by US Senator Elizabeth Warren (D MA) accusing Google, Amazon and particularly Apple of working to “snuff out competition.” Apple, says Warren, “has placed conditions on its rivals that make it difficult for them to offer competitive streaming services” that…
WED. BRIEFING: Apple Music Execs Talk Strategy • Live.ly App Soars • $1B LINE IPO • ReverbNation App Updates • More
WEDNESDAY 6.29.16 Music Business News From Around The Web When Apple Music execs talk, we listen. But with 15 million subscribers compared to Spotify’s 100 million users, should we? Updated continuously under our More News
Soundcloud, Amazon, Tidal: Streaming’s Other Competitors
Although services like Apple Music and Spotify tend to get most of the attention, they’re hardly the only companies in the streaming game. Here we look at what Soundcloud, Amazon, and Tidal have been up to of late. ____________________________ Guest Post by Mark Mulligan on Midia Apple, Spotify and YouTube…
The Secret To Being A Successful Producer That No One Wants To Hear [Joey Sturgis, Asking Alexandria, Of Mice And Men]
While being a producer may be dream job of many, not everyone’s cut out for a career behind the console. Here Joey Sturgis offers some advice on what an aspiring producer/engineer should do in order to stand out and find success in the industry. _______________________________________ Guest Post by Joey Sturgis…
MON. BRIEFING: Kayne’s New Clickbait Genius • Guvera Restructures • IZotope Raises $7.5M • More
MONDAY 6.27.16 Music Business News From Around The Web Geuvra is holding on by its thumbs, the Photoshop of music is raising millions, but the big story is still Kayne’s new video. Updated continuously under our More News
This Week In Music Commentary
This week industry commentators weighed in on whether it’s time to consider something other than the streaming business model, if narcissism is ruining the live music experience, and what Rhapsody’s return to it’s Napster moniker means for the company. Time To Hit ‘Reset’ On The Streaming Business Model? [Cortney Harding]…
REWIND: The New Music Industry’s Week In Review
In this round of our weekly review of music industry news, we looked at what artists need in order to triumph in their battle against the DMCA, why HBO opted to stop pressing new episodes of ‘Vinyl,’ New York’s steps to criminalize ticket bots, and more. Music Industry Needs More…
Spotify, iHeartMedia Sued Over Audio Playback Patents
Patent infringement lawsuits, both valid and unjustified, are a fact of life in tech. As the value of music streaming has grown, so have the legal action surrounding it. Spotify and iHeartMedia are the latest targets. _____________________________________ Spotify and iHeartMedia are being sued over allegations that they are infringing on…