While signing to a major label is still the goal for many artists, a new set of numbers reveals that indie labels seem to be gaining strength in the new music economy, accounting for up to 14 billion streams last month. _________________________ Guest post by Bobby Owsinski of Music 3.0…
Category archives: streaming
Tencent Music Confirms US IPO, Spotify Could Net $2.7B
Chinese internet giant Tencent confirmed it is spinning off its music unit with a US IPO. Details of the offering, which Tencent revealed in a Hong Kong stock exchange filing, are being finalized, but Spotify is a big winner. A Tencent Music (TME) US IPO is seen as likely to…
QUICK HITS: Kim Dotcom • ANiUTa Anime Music • Eurovision Song Suit • Spotify Hires • Eventbrite + MJR
Dotcom Deportation – Internet entrepreneur Kim Dotcom (real name Kim Schmitz) has lost his latest legal bid to avoid extradition to the U.S. to face criminal charges. New Zealand’s Court of Appeal upheld earlier court rulings that found Kim and three of his colleagues (Mathias Ortmann, Bram van der Kolk,…
Stem Offers Digital Music Distribution Alternative
Founded in 2015, Stem.is is a unique digital aggregator which submits your music to all major streaming services and, unlike most other digital aggregators, has a more streamlined payment process, meaning you and your collaborators can earn royalties with fewer accounting hassles. ______________________ Guest post by Bobby Owsinski of Music…
Tencent Music To File $30B U.S. IPO Friday [REPORT]
Digital music and streaming conglomerate Tencent Music Entertainment (TME) is set to file an SEC application for a $30 billion IPO in the U.S. this week, according to a report. TME, which is majority-owned by Chinese corporation Tencent, owns Chinese digital music services QQ Music, Kuwo and KuGou. Sources tell…
10 Most Popular Modern July 4th Songs
This July 4th, "America The Beautiful" is being replaced for many music fans by songs like Lana Del Rey’s "National Anthem," Bruce Springsteen’s Born In The U.S.A and Toby Keith – Courtesy of the Red, White and Blue, each of which see massive spikes On YouTube on the Fourth of…
Streaming Changes Everything For Music Catalogs
Most labels and many musicians thrive because of their hits, but survive over time because of their catalog. But as MIDiA analyst Mak Mulligan points out, streaming , which offers access to 35 million track library and a ‘small royalty income forever’ business model, changes the value of music catalogs…
Tunecore, Sentric Partner For Improved Publishing Services
TuneCore has partnered with Sentric Music to improve its music publishing administration service. Launching next month, TuneCore’s new platform will offer members more revenue opportunities and faster overseas payments. Publishing Administration has been a key revenue driver for TuneCore artists with 41% year-over-year growth in gross publishing revenue and 44%…
Spotify tests lite version of app in Brazil
Streaming service runs another territorially restricted test
The post Spotify tests lite version of app in Brazil appeared first on Music Business Worldwide.
Drake’s ‘Scorpion’ Smashes Streaming Records, But Some Denounce Excessive Marketing
“Drake’s new album Scorpion is currently being streamed over 10 million times per hour,” Spotify tweeted Friday. By days end, the album’s 25 tracks had been streamed more than 132 million times – a debut day record. Drake’s streams on Apple Music were even stronger. #Scorpion x Apple Music The…