The music business world is reeling after the news that Spotify neglected to license and pay royalties on a large portion of Victory Records' song catalogue. While certainly alarming, it looks as though this isn't the first time Spotify has failed uphold their end of the legal bargain, and will likely not be the last.
A new TV drama promises a fictionalized look at the record industry of the 1970s. "Vinyl" was created by Terence Winter (Boardwalk Empire, The Sopranos) and will premiere on HBO in 2016. The pilot was written by Winter and directed by Martin Scorsese. Mick Jagger is a co-producer. WATCH THE TRAILER:
Over the last few years, the major labels have made small investments in startups, but aside from UMG's acquisition of EMI, not made many deals to purchase other labels. Now there are signals that major label tech investments could get larger and indie label and event acquisitions are likely to increase.
In 2012, when Jeff Castalez left Dangerbird, the influential label he had co-founded, to helm Elektra Records, independent music lost an important voice and the major label kabal gained an innovative leader. Now Castalez is exiting Elektra to spend more time in music management and with his important non-profit Pablove.
Since Apple isn't sharing and any stats provided during a 90 day free trial would be suspect, we have no real idea how well Apple Music is doing. Tim Cook says "millions and millions" and one report claims that 10 million have signed up for a free trial. But signing up and using Apple Music are two different things, as stats from one indie music distributor suggest.
From A2IM: In the issue dated July 25, 2015, Billboard reported mid-year market share numbers – Indies continue to be #1 based on copyright ownership, the only appropriate market share definition.