Spotify and other streamers (sans Apple) have appealed new songwriter royalty rates set by the US Copyright Royalty Board, effectively ensuring that the increase is unlikely to flow to songwriters and music publishers any time soon. "That will be a long drawn-out process," Spotify Chief Financial Officer Barry McCarthy said…
Category archives: streaming
Soundcloud Adds DEX 3 DJ Software Integration
SoundCloud has added a new DJ performance software integration with DEX 3. DJ’s can now instantly stream content from SoundCloud’s massive catalog of original tracks in high-quality audio available with a SoundCloud Go+ premium consumer subscription. How to get started building mixes with DEX 3 Download and log into DEX…
It’s Easier For New Artists To Gain Traction On Spotify says CEO Daniel Ek
Artist and music discovery on Spotify were among the topics covered during Monday’s earnings call. With CEO Daniel Ek sharing some stats that show that the despite the fact that 40,000 new tracks are uploaded daily, more artists than ever are being discovered on the platform than ever before. 3.9…
How Spotify’s Continued Expansion Is Killing Niche Music Genres
While the rise of streaming is, in many ways, responsible for the music industry’s salvation, the vast majority of content streamed on platforms like Spotify generally tends to lean towards the pop/hip hop spectrum. As Thomas Steffens here explains could be bad news for more niche music genres like classical…
Spotify Adds 40,000 New Tracks Every Day [That’s Not A Typo]
During an earnings call Monday, Spotify CEO Daniel Ek shared that the streamer now offers 60 million tracks. The catalog continues to grow by a whopping 40,000 tracks every day, according to Ek. Podcasts Additionally, more than 50,000 podcasts have been submitted to Spotify through Spotify for Podcasters, enabling listeners…
Creator Support: A New Way To Pay Artists For Streaming [Mark Mulligan]
How to fairly compensate creators as consumption becomes dominated by streaming is the subject of vigorous debate. But a new model dubbed ‘creator support’ is gaining traction because it will pay many artists more with minimal impact on the wider royalty pool, says MIDiA’s Mark Mulligan. ___________________________________ By Mark Mulligan…
SideOne Dummy Records Inks Global Deal With AWAL
Kobalt’s AWAL has inked an exclusive worldwide deal with the seminal independent SideOne Dummy Records. The worldwide deal will leverage both AWAL distribution and marketing. Based in LA, SideOne Dummy Records was founded in 1995 by Joe Sib & Bill Armstrong. The label has launched the careers of Gaslight Anthem,…
Tunecore Distribution Payments To Artists Up 21%, Stream And Downloads Rise 83%
TuneCore artists earned $83 million in the first quarter of 2019, a 21% increase over the same period last year. Total streams and downloads of music by TuneCore’s 250,000 worldwide artists hit 199.3 billion in the past year, a 83% increase over 2017. This latest tally brings Tunecore’s total distributed…
Label Negotiations Will Be "Long Drawn Out Process" says Spotify Exec
Spotify is in the midst of crucial renegotiations with all three major labels and other partners. We should expect those negotiations to be "a long drawn out process," Spotify Chief Financial Officer Barry McCarthy said on a Q1 earnings call Monday. "It’s just the nature of the beast," McCarthy added….
Spotify Passes 217M Active Users, Revenue Per User Slips
UPDATED: Spotify’s monthly active users grew 26% over the last year to 217 million at the end of 2018, the streamer reported on Monday. Now in 79 countries, a February launch in India added 2 million to its global total. Overall, Spotify posted a smaller first-quarter loss of $158 million…