Wall Street punished Twitter today despite a strong earnings report yesterday. Investors appeared more concern with new numbers that showed slowing growth for the social network. At one point the market valued Twitter at its lowest point ever $3724. Twitter stock closed Wednesday at $38.97, down $3.65 or -8.56%.
Today at Facebook’s F8 Developer Conference, the social media giant announced the launch of AppLinks.org - a free, open source tool for developers to link content from their apps more easily and directly to other apps. Hours later, subsription music streamer Rhapsody became among the first music tech companies to take advantage of the new service.
Most U.S. Copyright Office fees, including registration and related services will go up starting tomorrow. The price increases are said to help the government agency be “aligned” with the actual cost of providing services. Most basic registration fees will increase from $35 to $55. Filing copyright claims online rises from $65 to $85.
The legacy of Woodstock has been capitalized upon with a variety of festivals including one of the most notorious since Altamont, Woodstock '99 aka Rapestock. With the major EDM festival Mysteryland making its first appearance in the States at the original site of Woodstock, the comparisons with the original festival seem easy to make. And given the addition of professional event organizers and what appears to be a gentler generation, it seems likely to be closer to '69 than '99.
Vevo has launched in Mexico, making it the 14th country for the music video streamer. Vevo already had over 500 million views on it's YouTube artist channels in Mexico last month, so a launch their makes sense, as the company works to increase its Latin American and global presence in preparation for a possible sale.
Two artists that can always be counted on to say something interesting recently held forth on tech, the internet and the art and business of music in separate interviews. Steve Albini takes a strong and surprisingly positive stance with little room for discussion. Damon Albarn reveals more ambivalence about tech and its effects on our lives. Both provide interesting takes on a world in which musicians have even more to sort out than ever.
By Audience Development Executive Paul Goldstein of The Content Is King.
[OpEd] Uncertainty rocking both the broadcast radio and record industries has opened an enormous opportunity for recording artists and record labels. Growth for the music industry will come from expanding the overall online radio audience and ad pie at the expense of broadcast radio.
Prior to Record Store Day research firm ICM released a report on the music buying and related listening habits of UK respondents. Though online buying predominates, CD's were found to be the most popular way to listen to music. In addition, 15% of those buying music in physical formats aren't going to listen to it via those items. This behavior is even stronger among 18 to 24 year old music buyers, 26% of whom are buying but not listening to vinyl records, cds and cassettes.
By Rachel Bailey of the Sonicbids Blog.
[OpEd] Jeff Bezos’s online mega-store, Amazon, is the Walmart of the internet. In the two decades since its launch, it has positioned itself as the low-price leader of the web and expanded to become a clearinghouse for all manner of media, gadgetry, and other ephemera. But what many of Amazon’s customers don’t know is that they allegedly achieve those low prices through tactics that bully producers into agreeing to terms that compromise their ability to profit and stay in business. And now that they’re turning their eye toward music streaming, musicians have cause for concern.
Twitter reported some strong numbers to Wall Street yesterday. The social network now has 255 million monthly active users, 198 million of which are also active mobile users. The company also shared that it generated $250 million in revenues, the vast majority of that coming from mobile ads. But one stat, illustrated in the chart below, hints at possible trouble ahead for Twitter, and sent its stock tumbling.
Carol Kaye played bass guitar on some of the most iconic hits of the 60's and 70's: Joe Cocker’s “Feelin’ Alright,” The Beach Boys hits “Help Me, Rhonda,” “Sloop John B,” and “California Girls,” the theme song to The Brady Bunch and Nancy Sinatra’s “These Boots Are Made for Walkin‘” are among the 10,000+ studio sessions she performed on.
By Diana Hereld of Pathways in Music. Photos by Tonya Wise/PictureGroup.
This weekend marked ASCAP’s 9th annual “I Create Music” Expo, where over 2,500 songwriters, composers and publishers gathered in the Hollywood Loews Hotel to network, receive feedback from industry experts, and build upon their knowledge of what it takes to succeed in creating music. Featuring artist talent such as Ray Parker, Jr., Akon, Amy Grant, and Benjamin Weinman (The Dillinger Escape Plan), the expo played host to a number of influential and instrumental characters in the business. Among the panelists were Terry Lewis, Jimmy Jam, Desmond Child, and Dr. Luke.
A lot of folks in the music industry are somewhat underwhelmed by SoundScan's approach to reporting sales especially indie shops and small labels who feel their contributions are underreported. You may have heard of BuzzAngle Music already due to recent reports of their Record Store Day sales data. I had the opportunity to talk with Jim Lidestri, Founder and CEO of parent company Border City Media, yesterday thinking it was going to be a cool reporting tool for small fry. Little did I know I was about to see a classic example in development of what I like to call "The Big Takeover."
When Transom Capital Group announced the purchase of Topspin Media and its integration with the recently combined force of BandMerch and Cinder Block, the question of what would become of Topspin's services was unclear. With arguably the strongest service, ArtistLink, staying with Beats Music, would a faltering platform have much of a future? Acccording to CEO Jason Greene and VP of eCommerce Nic Seitz, Topspin customers have plenty to look forward to.
By Grammy nominated electronic artist, songwriter, producer and DJ Ryan Farish.
When I first started releasing my albums about a decade ago, I challenged myself to find my own voice, pursuing each new song with the hope and in the idea of discovering my own individual sound. I wanted to contribute something to music, and in doing so, I embraced all the new sounds and technology I could get my hands on.
(UPDATED) Following the lead of other mobile carriers Sprint has partnered with Spotify for music. But while the partnership offers the usual discount services, Sprint, the 3rd largest carrier in the U.S, goes a step further with the introduction of Sprint Sound Sessions which adds downloads, FM radio and more to Spotify.
Sprint Sound Sessions includes:
My holy grail of music marketing is to know where an artist's fans are so that energy and assets ranging from marketing messages to live performances can be deployed judiciously. SoundCloud just took a major step in that direction adding the ability to see which cities your tracks are most popular in.
Beats Music has taken a bit of a beating in recent days,with industry insiders expressing concern over early subscriber numbers and pundits pounding the startup for its bravado filled launch. Butr overnight CEO Ian Rogers responded, saying that the three month old music streamer was off to a strong start: "Guess what... it's working."
By Diana Hereld of Pathways in Music.
This weekend, a new digital platform was unveiled to attendees of ASCAP’s 9th annual “I Create Music” Expo. With the existing array of companies geared to facilitate DIY promotion, revenue collection, merchandising and ticketing for fans, Lyynks Music presents all-in-one content access and distribution with the push of a button.
There are a lot of writers giving free advice on how to make money - but what you may be missing is what to do with it once you have it. Financial planning is a key part of any career, but especially in the case of the budding musician, it is critical. You can always change the plan, but only if you have one.
The four owners of Vevo are hiring Goldman Sachs Group to explore the sale of the the music video-hosting service, according to multiple sources. Vevo, which is co-owned by Vivendi Universal, Sony, Warner Music Group, Google and the Abu Dhabi Media Co., already has a cadre of deep pocketed buyers expressing interest.
Yahoo's claimed identity as a media company just got another boost in the world of music with a Live Nation deal. In July will debut a new channel featuring a daily live concert plus additional content for a multi-year run. Kellogg has already signed on for advertising and Live Nation's Michael Rapino expects the channel to be oversubscribed. The move also marks a more serious effort for Live Nation in the live streaming concert space.
Warner Music Group has signed an agreement to acquire the recorded music catalog and current roster of Gold Typhoon Group, one of the largest independent music companies operating in China and the region. The deal, part of WMG's ongoing effort to become a more global music company supporting local repertoires, is expected to close in summer 2014.
Venzo Digital focuses exclusively on providing free digital music distribution to iTunes taking a 20% revenue share. This week they announced the addition of music video uploads to iTunes in addition to music, ringtones and mobile apps. Venzo also debuted Intranet Voice, introducing voice navigation to their site, and payouts now reaching over $2 million to musicians. Last week I spoke with CEO and Founder Kevin Rivers about the news as well as future plans for Venzo Digital.
By Kyle Billings from Berklee College of Music's Music Business Journal.
Information is changing the music industry; not only in the ways we consume and discover music, but as well in the ways companies are arming themselves for competition. Streaming services see gold in the figures that fuel recommendation algorithms, and now content companies, driven too by the alluring growth of digital tech, are proudly announcing their latest partnerships with leading software-as-a-service companies and the terabytes of social data multiplying on their servers.