In this third part in a series exploring music "trigger cities", Jason Joven pf Chartmetric takes an in-depth look at Latin America’s music consumption stats to explore how listeners there are precipitating the exponential growth of Latin music’s global popularity. __________________________ Guest post by Jason Joven of Chartmetric Trigger Cities…
Category archives: Music Tech
WAVE Raises $5.65 Million To Mix Music and Meditation
Breath, body, and beats could serve as the tagline for WAVE, the new subscription-based music-based meditation app and vibrating pillow that has launched with $5.65 million in seed funding. Investors include CrossLink Capital, Lerer Hippeau Ventures, Collaborative Fund, and Ludlow Ventures. WAVE’s founders see hugely successful apps like Calm and…
WED. BRIEF: Woodstock Permit Denied • Apple Invests In Podcasts • Indie Stores Appeal To Majors • Polaris Short List
WEDNESDAY 7.17.19
Music Business News From Around The Web
Updated continuously under the More News tab
Can Major Labels Survive The Indie Music Revolution?
At the heart of the music business almost since its inception, major labels have successfully weathered multiple challenges to their industry dominance. But as music once again reinvents itself, can the major labels continue cling to power? ____________________________ Guest post by Bobby Owsinski of Music 3.0 Major record labels have…
LANDR Raises $26M To Expand Beyond AI Powered Mastering
AI-powered music mastering platform LANDR has closed a $26 million Series B financing round led by Sony Innovation Fund, microphone manufacturer Shure and state-owned financing corporation Investissement Québec and Fonds de solidarité FTQ. Additional investors include Warner Music, Plus Eight Equity Partners, Slaight Communications, YUL Ventures and PEAK Capital Partners….
Who Are Winners And Losers In The New Music Industry?
Regardless of who’s getting the money, it is undeniable that streaming has made the music industry lucrative again. Now, as the business works to reinvent itself, are historically downtrodden artists finally coming out on top, or are record labels and management siphoning off all of the profits? _______________________________ Guest post…
Patreon Adds $60M To ‘Take Membership To The Next Level’
Creator subscription platform Patreon has raised an additional $60 million that it says will be used "to take creator memberships to a whole new level." Patreon has more than 3 million active patrons and 100,000 creators on the platform, and has paid out more than $1 billion to date. This…
U.S. Music Streaming Revenue Tops $8 Billion, Up 33%
On-demand music services including Apple Music, Pandora and Spotify will top $8 billion in revenue in the U.S. this year, up 33% as increased adoption of products like wireless earbuds and smart speakers help drive more music subscriptions, according to a new Consumer Technology Association survey. The growing popularity of…
TUE. BRIEF: TikTok Rules VidCon • US Streaming Subs Pass $26B • Branson Hearts Woodstock • Sillerman v. SEC • More
TUESDAY 7.16.19
Music Business News From Around The Web
Updated continuously under the More News tab
As Exclusivity Takes Charge, How Will Music Streaming Change?
As streaming continues to grow as the dominant form of music consumption, AI powered algorithm-based playlist marketing could be boxing out more niche genres of music and limiting the variety available to listeners. ______________________________ Guest post by Thomas Steffens, CEO, Primephonic Streaming has dominated the music world over the last…