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UPDATE: BMG Acquires Jason Aldean's Broken Bow Records For A Reported $100 Million Plus

Bmg-logo1[UPDATE] BMG has acquired Nashville's Broken Bow and associated labels.The deal was for  $100 million plus, according to multiple sources, and could signal a round of big acquisitions as streaming drives growing label profits.

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SoundExchange Pays Out Record $884 Million Amid Uncertain Future

Sound-exchange-logoSoundExchange announced that its royalty distributions in 2016 were $884 million, an increase of more than $80 million over the previous year and an all time high. The record comes amid uncertainty over how SoundExchange revenue will be affected by an increasing number of direct deals between digital broadcaster and rightsholders.

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Purple Spotify Billboards Point To Prince Streaming Release

Spotufy windowPurple Spotify billboards have been spotted in the New York subways.  While they include no specific message, they likely signal the anticipated release of the Prince catalog to steaming services.  A Grammy night launch had been rumored, but not confirmed.

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Facebook Hires YouTube and Google Play's Tamara Hrivnak To Head New Global Music Strategy

image from media.licdn.comFacebook has been without a real music strategy, much to the dismay of both the industry and unpaid musicians. That may finally be about to change with the hiring of a top music exec from YouTube and Google Play.

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Music Think Tank Weekly Recap: More Money, More Problems • Stay Safe/Sober • Selling Your Music Online • More

6a00d83451b36c69e201b8d1b7a85c970c-150wiThis week on MusicThinkTank, we took a look at how more money leads to more problems, how you can stay safe and sober at your next show, a complete guide to selling your music online, and more.

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YouTube Led Google's 22% Growth, $26 Billion Q4. Maybe They Can Share More Of It With The Music Industry?

YOUTUBE $The music industry has recently its ire recently on YouTube and its payments to rightsholder.  In a quarterly earnings call this week, the CFO of parent company Alphabet (aka Google) provided the music industry their best talking point yet.

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Lupe Fiasco Announces New Release, Launches Indie Label with Nashville's Thirty Tigers

lupe fiascoWhen Lupe Fiasco left Atlantic for 2014, it was the assumed that the Grammy winning rapper would land at another major. But for his first release since, Fiasco has chosen to launch his own label with support from an unusual source - Nashville based Thirty Tigers.

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Why Do Streams Count As Sales On Billboard Charts? "There is no consumption," says Digital Music Veteran

Question-markThis week Billboard and Nielsen added streaming to their genre charts, and digital music veteran Jim Griffin is asking why.  He's held top digital posts at Warner Music, Cherry Lane and Geffen. Congress, the Copyright Royalty Board and United Nations have all called on him to testify. So when Jim questions something, we listen.

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