[UPDATED] Film and tv director and producer JJ Abrams has announced his Bad Robot production company is launching an independent record label. Abrams is best known for television shows "Lost" and "Alias" and films including "Mission Impossible III" and several in the Star Trek franchise.
Move over Nicki Minaj, Ariana Grande just broke the Spotify debut week streaming record for a female artist only five days after the release of 'Sweetener'. Grande's new album had more than 109 million global Spotify streams, according to Chart Data.
A Kanye West tweet has led to a class action lawsuit. In February, 2016, West tweeted that his album Life of Pablo would be available on Tidal, and “never never never” be available on iTunes. Six week later the album was available on iTunes and Spotify.
As Chinese internet giant Tencent struggles with profitability and maintaining a strong stock market valuation, Spotify, which owns a significant stake in Tencent Music (and visa versa), should pay attention to avoid a similar misfortune.
Sony Music has announced a new joint venture label with booking company 123 Agency. The Australia based agency, founded in 2013 and is headquartered in both Melbourne and Sydney, represents artists such as Kingswood, Dear Seattle, Hollow Coves and Tash Sultana.
Tweeting that Spotify "took away my promotion," Nicki Minaj lashed out after her new album "Queen" failed to debut at #1. Minaj also called out Drake and Travis Scott during an epic series of tweets. Now, Spotify has responded to the accusations.
Aretha Franklin's relationship with the music industry was a complex one. One minute, the industry was the enemy and the next she'd buy into the hit making machine with a recording that was beneath her undeniable vocal prowess. There were periods when booking her live was a crapshoot, with cancellations seemingly equal to stellar performances.
Spotify has drawn fire for making direct deals with artists. But while it might offer a higher net royalty rate, are these deals really good for artists overall vs. the clout of a major label. This fascinating Chartmetric analysis looks at the numbers.
23 Prince Albums, New 'Anthology' Available On Spotify, Apple Music and Other Streamers For 1st Time
Twenty three Prince albums are now available on Spotify, Apple Music, YouTube and other music streamers for first time. The superstar singer/songwriter was a vocal critic of music streaming, with YouTube a particular target.
While streaming is often slammed for how little money it brings in, it turns out that this is more an issue for the artists, and the major companies behind the music like Sony and Universal are pulling down plenty of cash from streaming.
With today's death of Aretha Franklin (76), music has lost one of its powerful voices, and both the industry and other artists are responding with heartfelt tributes befitting "The Queen of Soul." During her long and illustrious career, Aretha Franklin won 18 Grammy and a Lifetime Achievement Award.
Given that the future of music consumption seems to lie largely in streaming, why are so many major record companies choosing to offload their stock in Spotify now, one of streaming's biggest and most well established players?
Earlier this month Deezer added $185 million at a valuation of more than $1 billion. New investors include a top Middle Eastern music and media company poised to give the streamer a distinct competitive advantage on the region.
In this every two week update from the Synchtank team, we'll review the important placements and major happenings in the wild and wonderful world of music supervision and music sync.
In celebration of its 60th anniversary, Billboard has assembled a list of its all-time greatest hits from over the past six decades. Even factoring in changes in chart methodology and ranking, the chart contains more than a few shocks for anyone even vaguely familiar with the music industry.
Major labels have for some time been excited by the prospect of being able to use the DMCA to get Internet Service Providers to boot users from the internet, and suing them if they failed. The most prominent victim of this strategy has been ISP Cox, who is now the subject of a bombardment of lawsuits from all the major labels, writes Mike Masnick.
Warner Music Group has sold its entire holdings in Spotify stock for $504 million and will begin payments to artists and labels this month, the company announced on an earnings call Tuesday.
[UPDATE 2] Warner Music Group revenue grew 1.9% on a constant currency basis in Q3 2018, according to a financials filed on Tuesday. That growth was driven by the sale of Spotify stock and 14.1% growth in digital revenue.
The New York Times‘ Ben Sisario has published a scathing report on the business culture of Billboard, both before and after the exit of chief John Amato. The expose comes just as the trade is feeling increased pressure from online outlets and a well financed effort to challenge its dominate music charts.
[UPDATED] Since 1940, Billboard has been the gold standard for measuring industry success, whether sales, radio or just bragging rights. BuzzAngle partnering with Penske Media is challenging Billboard's turf by offering analytics more in touch with the streaming world.
Vivendi announced this week that it is no longer spinning off its Universal Music Group with an IPO; but rather that it wants to sell up to 50% of the world's largest music company. But given the price tag and other hurdles who can afford UMG? Who will want to?
While the consumption habits of the streaming era have led many to believe that the traditional album format would soon become a thing of the past, the massive streaming success of Drake's newest ninety minute album tells a different story.
Kanye West is a lot of things - he will even tell you that he contains multitudes - but one surprising thing that he is certainly is a successful financial prognosticator. OK, maybe that's for just the past year.
Pitchfork today debuted a new section dedicated to of hip-hop. “Levels," the first new section to launch on Pitchfork since “The Pitch” debuted in 2013, hopes to be "the essential destination for hip-hop obsessives."
Sony collected a $768 million windfall from the sale of less than half of its 5.7% stake in Spotify (SPOT), according to Q2 results published Tuesday. The sale helped boost what was already a solid quarter for the company.
The long rumored departure of Spotify's Global Head of Creator Services Troy Carter has been confirmed by the music streamer. He will exit in early September, but will continue to advise Spotify, according to multiple sources.