Making a career out of songwriting isn't easy, and even if you do end up writing the next chart topping hit, there's no guarantee that you'll see much of a profit for you efforts, assuming you can afford the production costs in the first place.
Bob Dylan has won the 2016 Nobel Prize For Literature "for having created new poetic expressions within the great American song tradition." Bookmakers had put the rock icon's odds of winning at 50-to-1. Dylan will receive 8 million Swedish krona ($906,000 USD) for winning the award.
It seems the industry has finally reached a point where music streaming revenue has become the greatest contributor of royalties for both artists and labels and, as purchases continue to drop, this increasing prominence of streaming will reshape many other aspects of the industry.
Streaming services in general tend to take a lot of heat from record labels, and Spotify is no exception, but is this attitude justified? According to new information, the streaming platform has already shelled out 1.2 billion in royalties this year, suggesting it may be benefiting the industry more than previously thought.
A recent lawsuit filed against YouTube-mp3.org, one of many easy-come easy-go sites which allow users to get audio download via YouTube video, suggests that major labels and the RIAA are perhaps unaware that SOPA did not in fact become law in 2012, and are behaving accordingly.
This week, music commentators make their voices heard as they weigh in on Lyor Cohen's joining with the Google Empire and why YouTube will likely drive him crazy, as well as hear from Irving Azoff on why YouTube pirates are truly evil.
Our expert tips for DIY and indie artists this week cover a range of topics, from what to expect when working with studio musicians, to how you can tell if you're sabotaging your band's success, to how you can dramatically boost your digital strategy using just two words.
In this round of our weekly cycle back through music industry news, we revisit the impact of hurricane Matthew on festivals and concerts, a class action lawsuit filed against Live Nation, Spotify's potential buy up of Soundcloud and who it would benefit, plus much, much more.
Our most popular posts on Hypebot this week included a look at Spotify's recent incident with its malware infested Ads, the reason behind the drop in download revenue as streaming gains ground, the music industry's silent reaction to the YouTube's Lyor Cohen hire, and more.
In what looks to be an ideal marketing pairing, Berkeley CA based record store Amoeba Music will soon be complimenting its traditional musical offerings with marijuana, hopefully helping to keep another brick and mortar record store's doors open.
The CEO and Chairman of Azoff MSG Entertainment, Irving Azoff, is leveling some heavy criticism at YouTube in very public war as he attempts to get the popular video sharing site to properly compensate artists for their music.
In the wake of it's failure to pay what many executives and artists consider sufficient royalties, YouTube is attempting to appease labels with its hire of music business insider Lyor Cohen which, according to Bobby Owsinski, may do more harm than good.
Apple was thrilled to announce that the latest album from so-called streaming pawn Drake, 'Views From The 6' had surpassed a billion streams. Good news for Apple surely, but is the new streaming economy allowing artists like Drake to coast with little effort, while lesser-known talentstruggles for exposure?
This week in commentary we heard from experts on what YouTube has in common with whore houses and meth labs, looked at whether or not music supervisors are killing songwriting, and the magic that is music on the cloud.
While setting goals is important when it comes to progressing with your music career, it's important to do so in a way that is achievable, and that gives you a clear idea of how said goals will be reached.
This week in our DIY and Indie section, we drop some hot tips on non-musical skills you ought to improve on, how to avoid making costly merch mistakes, the best way to make money teaching music, even if your schedule is full, and much, much more.
The most popular articles on Hypebot this week included a look at Spotify's loss of two top execs, live music's potential 'Napster moment', the joining of the three major labels to sue YouTube, and more.