Jonathan Stone of original song marketplace Rocket Songs joins Michael Brandvold and Jay Gilbert on the Music Biz Weekly podcast. Music publishing is a multi-billion dollar industry that has been mostly undisrupted by the tech and data revolution. Rocket Songs is working change that and democratize music publishing.
Audius has raised a $5.5 million to use blockchain and cryptocurrency to assure that artists are paid fairly. It's a pitch made repeatedly by numerous startups in recent months, but Audius now has the capital to actually move this game-changing concept forward.
Registration in now open for the second Music Hackathon organized by Music Tech Nashville. The day will start with music tech presentations followed by the hackathon. The day is free and open to designers, coders and musicians.
The EU parliament recently endured several weeks of being bombarded by tweets, calls, emails, and letters opposing Article 13 of the Copyright Directive, which would have forced major tech companies like Google to more tightly regulate copyright on their platforms. This "movement" was the result of a small group of anti-copyright ideologues from Vancouver, writes David Lowery.
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?
In this piece Chris Castle breaks down the latest inside the world of the Music Modernization Act, and why the law needs to be altered in order to restore balance between the rule makers and the rule takers, and better support startups in their bids for success.
Eventbrite, the popular indie and D.I.Y. ticketer, has reportedly filed for an IPO for later this year. The company’s lead underwriters are Goldman Sachs and JP Morgan Chase, according to the Wall Street Journal.
$9.1 billion was wiped off its market capitalization this week, after Netflix missed aggressive targets by analysts, despite solid earnings. As Spotify prepares for its quarterly earning report next week, there are lessons for both investors and CEO Daniel Ek that can be learned from the fate of its fellow streamer.
Hipgnosis Songs Fund Limited (LON:SONG) has acquired a 75% stake in the song catalog of Terius Youngdell Nash aka The-Dream. The fund, which listed on London’s main exchange today, will pay $23.75 million USD.
Music publisher One77 Music has launched in New York City, with an eye for new catalog and some very deep pockets. Led by veteran music exec Jennifer Blakeman, One77 launches with a catalog of 6,000 songs, which it values at $27 million, as well as a substantial, but undisclosed capital investment.
CEO Daniel Ek has promised that Spotify going public would not change the culture of the company or its mission to build a more artist centered new music industry. But a study of post IPO hiring at the music streamer reveals that, for now at least, ramping up sales and software is more of a focus than programming, video and artist services.
Austin-based startup Blink Identity has announced that it has raised $1.5M in a seed round led by Sinai Ventures with the participation of Live Nation, Techstars, and a number of other live entertainment related funds.
Chinese internet giant Tencent confirmed it is spinning off its music unit with a US IPO. Details of the offering, which Tencent revealed in a Hong Kong stock exchange filing, are being finalized, but Spotify is a big winner.
ArtistGrowth, a mobile artist management platform, and Pinnacle Financial Partners have announced a strategic partnership and equity investment designed to broaden the financial services and capital available to touring entertainers.
Hipgnosis Songs Fund Ltd has raised $260 million in a private offering and is expected to IPO in the coming weeks. The fund, led by veteran artist manager Merck Mercuriadis, will purchase and manage US and UK song catalogs.
Red hot fitness equipment and service provider Peloton today announced its first-ever acquisition with the purchase of Neurotic Media. The Atlanta-based music tech startup. Terms of the deal were not disclosed.
Two respected executives at Spotify are exiting the music streamer, and at least one is headed for Apple Music. The pair join a handful of others in what could be a growing trend, as Spotify staffers cash out stock options and are lured by lucrative offers in an increasingly competition streaming sector.
[UPDATED] PledgeMusic has fallen behind on payments to artists that have completed their crowdfunding and pre-release campaigns. The music crowdfunding and e-commerce site boasts that more than 3.4 million fans and 50,000 artists ranging from new to platinum selling use the platform.
Adding to the already intense level of criticism being levied at the Music Modernization Act, this piece from Chris Castle delves into the legislation's failure to properly include startups, and why they should be more present in the legislative process and the act itself.
Spotify CEO Daniel EK has now publicly admitted that the company handled the implementation of its new "hate content and hateful conduct" policy badly. More surprising was how the founder and CEO says that he views profitability at the music streamer.
In this fifth and final piece of a five part series, Justina Grayman shares her experience running a successful crowdfunding campaign, and outlines what others considering embarking on a similar journey should keep in mind. In this final piece she details process of actually rolling out the completed project.
Pandora has added an ad-free Premium family plan that includes up to 6 unique accounts for $14.99 per month. The plan closely mirrors similar plans and pricing from competitors Apple Music and Spotify.
While streaming services may often be touted as the saviors of the music industry, label execs are no fans of the 'free tiers' offered by most of these platforms, arguing that the widen the music business's value gap.
Online recording studio Soundation is relaunching with the help of $5000,000 in funding, a new CEO and a mission to build the world’s premier launchpad for new producers. Soundation has over 75,000 active users monthly.