Virtual-reality music startup MelodyVR has reported a loss of $14.7 million on revenues of $1,6 million in 2018. It was the first full year that its signature app was available. The company promised to focus more future efforts on mobile in addition to standalone headsets. “While VR device adoption continues…
Category archives: Music Tech
Guide To Landing Your Next Music Business Job
The music business has always been a competitive one – now more than ever – but as the industry continues to rebound, there are a number of things you can do to raise your profile and help make yourself stand out, thus increasing your chances of landing a job in…
SOCAN, RE:SOUND Join To Simplify Performance Licensing
Canadian performance rights management organization SOCAN and no-profit music licensing company RE:Sound have launched Entandem, a joint venture aimed at simplifying licensing for retailers, restaurants, nightclubs and other businesses. The new JV will allow business owners and other organizations that use music to acquire the legally-required licenses for the use…
New York Music Month Returns In June
Organizers for New York Music month announced its return for a third year. Set for June, the expanded event includes a music and technology-focused music conference, a series of free concerts in the Bronx and Queens, workshops aimed at the LBGTQ+ community, walking tours of musically significant locations in the…
THU. BRIEF: MelodyVR Loses $14.7M Loss • Facebook Boosts Original • WMG Free Music Warning • More
THURSDAY 5.9.19
Music Business News From Around The Web
Updated continuously under the More News tab
Ex-PledgeMusic CEO Benji Rogers Pens Letter Of Apology As Crowdfunder Files For Bankruptcy
PledgeMusic co-founder and former CEO Benji Rogers penned an open letter after it was announced that the troubled crowdfunder would be filling for bankruptcy. "I went back into PledgeMusic just over three months ago as a volunteer to try and help the board and team turn around and sell the…
PledgeMusic To Enter Administration As Sale Falls Through
A prospective sale of PledgeMusic has fallen through, and the company will enter administration, the UK equivalent of bankruptcy, sources with direct knowledge of the situation tell Hypebot. UK based corporate advisory FRP will be nominated to administer a court directed sale of all assets, which would be used to…
Tough Love: Rift Between Spotify, Music Industry Growing
A contentious relationship from the beginning, the streaming industry and the rest of the music business have been increasingly at odds of late. Even as recorded revenues continue to rise, artists and publishers have grown increasingly frustrated with streamers like Spotify and Apple, creating a rift that shows no signs…
How To Be The Next Music Business Unicorn [Kedar Fredric]
As an independent artist, there’s a lot to be learned from the startup world in relation to how you manage your career. here Kedar Frederic illustrates some valuable principles from startup culture, and how artists can effectively integrate them with their careers. ________________________________ Guest post by Kedar Frederic, VP Business…
Deezer Rebrands With New Design, Logo
Global streamer Deezer has updated its app with a new look and logo designed to "highlight the brand’s human and local identity." The Deezer app has also been revamped to have less text and dedicated visual treatments for playlists and channels. The new player matches its color to the cover…