This week on MusicThinkTank, we take a close look at the inner workings of SoundExchange, learn how an unknown band can make a significant profit on tour, three major mistakes artists make which can ruin their careers, and much more.
[UPDATED] SF Music Tech has named its 2015 Startup Innovators Challenge winners. Each will be showcasing when SF Music Tech convenes on November 10th. BTW, if you have not registered, do it right now. Prices go up tonight and you can save by using this link to register. The winners:
As physical sales continue a downward spiral, artists are turning to brands to replace revenue. Examples are everywhere from Drake (“I avoided the coke game and went with Sprite instead”) to Rihanna (“Got my Ray-Bans on and I'm feelin’ hella cool tonight”) and 5 Seconds of Summer (“You look so perfect standing there in my American Apparel underwear”).
Apple CEO Tim Cook recently announced that Apple Music has 6.5 millions paid subscribers. While a promising figure on its face, it seems unlikely that all these listeners will continue paying past the first month. This article breaks down Apple Music's most recent statistics, offering us some idea of where the streaming service is headed financially.
While a new study reveals music streaming has a neutral effect on music business revenue, it’s widely being seen as a victory for the music industry.
Live Nation beat Wall Street's expectations on Thursday when the company posted revenue increase of 10%, up to $2.76 billion in the third fiscal quarter and an adjusted operating income of $279 Million, up 8% from the same period in 2014. Analysts surveyed by FactSet had estimated that the concert giant would announce revenue of $2.44 billion for the quarter.
Another innovative music startup is going offline. Bop.fm, a service agnostic music streamer, is shutting down as of Oct 31st. The startup has been aquirehired LifeLock, a provider of identity protection services for consumers and consumer risk management services for enterprises.
Does the famously independent chart topping songstress Adele have a price? Is being associated with this anti-music establishment, often anti-music streaming artist worth a whopping $30 million to Apple Music? If several well sourced rumors are true, the answer to both questions is a resounding YES .
When evaluating whether or not to add another social media channel to your marketing mix, start by asking yourself two questions. The first is, do you have the time? The second is, are you reaching the right people? Pinterest is fast and easy to use, but is it reaching the right audience to market your music?