After a previous article outlining an initial two key points of failure awaiting unsuspecting Blockchain music entrepreneurs, this articles details the risks of the second pair, helping artists to successfully navigate a revolutionary technology that, despite its pitfalls, has huge potential to benefit artists. ________________________ Guest post by George Howard….
Category archives: Startups & Funding
PledgeMusic Leaving More Artists Unpaid
As the gloomy saga of PledgeMusic’s financial failings drags on, more artists are revealing that that the now infamous crowdfunding site failed to provide them with payment. Here we look at some specific numbers from a variety of artists. ____________________________ Guest post by Bobby Owsinski of Music 3.0 Recently I…
7digital, Juke End Partnership After $4.5M Settlement
UK-based 7digital has reached a settlement with Media Saturn’s Juke music streaming service to dissolve their partnership. Under the Agreement, 7digital will be released from all outstanding contracts with the Juke for an immediate payment by Juke of €4,000,000. Juke has aslo agreed to write off all interest payments and…
Gimme Radio: Building A Fan Driven Music Streaming Service
In this piece, Gimme Radio’s Tyler Lenane outlines why they felt compelled to start another streaming service in an already crowded sector and how Gimme Radio differentiates themselves from other platforms by focusing on serving the passionate fan. _____________________________ Guest post by Tyler Lenane, CEO of Gimme Radio With Gimme…
The PledgeMusic Debacle [Iain Baker of Jesus Jones]
In this piece Iain Baker breaks down the dismal PledgeMusic situation, reflecting on how the current crisis is reminiscent of similar incidents in the history of the music industry, as well as speculating on the somewhat bleak future of the platform. ________________________________ Guest post by Iain Baker of Jesus Jones…
5 Music Startup Trends To Follow In 2019 [Cherie Hu]
In this piece, Cherie Hu look at five observable trends in the world of music industry tech startups, and what these inclinations suggest about the future of the music biz and the ways in which tech companies and their investors understand and relate to the music business. ___________________________ Guest post…
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…
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…
PledgeMusic Shutdown Continues
The suspension of all music crowdfunding campaigns on PledgeMusic continued Tuesday, six days after they began. The company has been silent since last week, leaving thousands of musicians in the dark and in many cases, owed tens of thousands of dollars in funds pledged by fans. Attempts to contribute to…
Scooter Braun’s Ithaca Holdings Acquires Atlas Music, Publisher For Brandi Carlile
Ithaca Holdings, the media holding company led by manager and music entrepreneur Scooter Braun (Justin Bieber, Ariana Grande) has acquired prominent music publisher Atlas Music. Founded in 2013 by Richard Stumpf, Atlas represents a significant music catalog that includes hits by Drake, Demi Lovato, Madonna, Ed Sheeran, and John Legend….