Music Industry Reacts To UK EU Brexit

It is too early to know the full affect of yesterday’s vote by Britains to leave the European Union, but its almost universally believed that the musicians and the music industry will be hit hard. Here’s the latest Brexit reaction from across the music industry. _______________________________________ The Music Industry Reacts…

Digital Music Business And The Rashomon Effect – Jim McDermott’s Important A2IM Keynote

In this keynote address transcript, Jim McDermott explains how the Rashomon effect, wherein multiple parties share contradictory but equally plausible accounts of an event, has persistently existed in dealings between artists, labels and the music tech industry. ___________________________________ Guest Post by Jim McDermott Writer’s note: this is a lightly edited…

Spotify Adds Merch Sales Via Merchbar

[UPDATED] With current royalty deals already leading to unprofitable businesses, Spotify, Pandora and other music streamers have been turning to add-ons to try to keep artist and labels happy. For Spotify, that’s meant free robust analytics thanks to its acquisition of The Echo Nest, and concert listings with buy links…

SFXE Issues Clarification Of Reorganization Plan

Troubled EDM conglomerate SFX Entertainment [SFXE] has issued a statement clarifying the announcement on Friday that has terminated its pre-Chapter 11 Restructuring Agreement and entered into direct talks with bondholders and creditors. ____________________________________ Jennifer E. Mercer, Senior Vice President of Epiq, which has been retained by SFX to lead the…

Pare Booking App Simplifies The Show Booking Process

In this piece we look at Pare, a new app for touring artists designed to streamline and simplify the hitherto complex, tedious, time-consuming process of booking shows. Here we hear from Brandon Breitenbach, the app’s founder. _________________________ Guest Post by Chandler Coyle on NoiseTrade This blog post was written by…

Why You Should Treat Your Music Career Like A Startup

Besides both being challenging career options, being a musician and running a startup have quite a few similarities. In the following article, we look at some of the commonalities between the two, and important rules to follow in order to find success in both. ___________________________________ Guest Post by Rory Seydel…

Twitter Invests $70 Million In Soundcloud

Two years ago, Twitter wanted to buy SoundCloud. Now it has settled for taking a $70 million stake in the music company as part of what appears to be a strategic partnership that could bring more audio to the social platform. ___________________________________________ Twitter has invested $70 million in SoundCloud, both…