Admittedly, the music industry has a major problem – fake streams. Three years ago, for example, Norwegian newspaper Dagens Næringsliv (DN) found Jay-Z’s music streaming service, TIDAL, flat-out lied about its total streaming numbers for two popular al…
Tag archives: Spotify
Spotify CEO Daniel Ek Says Artists May Get Paid Better Using Facebook’s Cryptocurrency, the Libra
Several days ago, and confirming a previously leaked report, Facebook unveiled its new cryptocurrency project – the Libra – which Spotify readily supported. The social media company also introduced the Calibra, its new global subsidiary. The subsidiar…
Talk Music To Me: The Future Of Podcasts [Kyle Bylin]
Hypebot contributor Kyle Bylin writes that Spotify’s recent acquisition of Anchor, a podcast production and distribution platform, suggests that it will empower artists and influencers to create their own shows. This would introduce an entirely new opportunity for them to build an audience and connect with their listeners on Spotify….
Spotify CEO Ek says Fans Could ‘Pay Artists Directly’ With Facebook’s Libra Cryptocurrency Can
Libra cryptocurrency would enable fans "to pay artists directly," according to Spotify CEO Daniel Ek. Earlier this week, Spotify became a founding partner in the Facebook led Libra global cryptocurrency initiative. A primary goal of Libra is to bring digital transactions to the hundreds of millions who do not have…
Labels, Streamers, Publishers Pledge To Battle Streaming, But Major Players Fail To Sign On
Spotify, Amazon and Deezer have joined all three major labels and music publishers, the RIAA, the American Association of Independent Music, IMPALA, Merlin, The International Confederation of Music Publishers and other global music industry trade groups in signing code of conduct designed to battle streaming manipulation. MIssing from the list…
Grammys Finally Accept Streaming Links As Submissions
The Recording Academy will finally accept streaming links instead of physical product for award submissions in most categories. In a statement, the Academy also said, "For most categories, we would prefer streaming distribution links for online entry submissions, though CD submissions remain optional." The cost of submitting multiple physical copies…
Why Fans Are More Important Than Listeners
It’s impossible to please everyone, and trying to winner every casual listeners is a futile effort. Instead, artists are better off focusing on their core diehard fans – an overall more easily targeted, easier to keep happy group. _________________________ Guest post by James Shotwell of Haulix You will never please…
Facebook Explains $1B Libra Cryptocurrency Initiative
Facebook has unveiled the details for Libra, its new global cryptocurrency. The social network is launching the currency, similar to Bitcoin, with partners like Spotify, Paypal, Uber, Visa and Mastercard, among others. However, since Facebook is currently under federal scrutiny for its privacy practices and the subject of a new…
THU. BRIEF: UMG Slow Tracks Sale • A2IM Indie Week • Grammys ♥ Streams • Spotify’s Ek Talks Libra • Voisey • More
THURSDAY 6.20.19
Music Business News From Around The Web
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Merlin Paid Indie Labels $1 Billion In Last 18 Months
Global independent digital rights agency Merlin announced the findings of its 2019 Membership Report & Survey at A2IM Indie Week on Tuesday, The report revealed 63% year-on-year increase in member payments to $845 million. The total includes over $130 million in revenues generated from one time settlements and other non-royalty…