BeatSwitch is an online platform that works to connect festival organizers and booking agencies. Their goal is to empower artists by creating a platform the allows for more efficient collaboration. BeatSwitch has a dashboard that allows you to view all your upcoming gigs as well as promote your music so that you can book new ones. Recently, BeatSwitch posted an inforgraphic illustrating best practices for DJs. Continue reading to view their pointers and learn more about the platform.
Subscription-Based business have met the demands of binge media consumers by making a vast amount of movies and music for a nominal fee. As much as services like Spotify and Netflix have curbed the appetite of piracy, subscription-based companies are still in their infancy and still have a lot of unknown territiory to discover. Cherie Nelson has had her finger on the pulse of the subscription-based business world and gives her take on how businesses can better their services.
To any musician, all the world's a stage. Whether it's a proper stage on a planned performance date or an impromptu jam session on a crowded street, musicians will find a way to make music. If you're a witness to the latter, the music is good, and you have change in your pocket, odds are (if you're a music fan) you'll be inclined to spare some change for the musician sharing his craft. Street musicians pull in tips all the time, but AppLOUD is putting the ability to support musicians playing realtime in the palm of your hand with their Instagram-like mobile app.
By Christopher D Amico from Berklee College of Music's Music Business Journal.
Spotify announced in March the acquisition of The Echo Nest, the industry’s leading music intelligence company. The deal signals the rising importance of big data in the music industry. Founded by MIT Media Lab doctoral students Tristan Jehan and Brian Whitman, The Echo Nest provided intelligence to some of the world’s leading music services including Clear Channel’s iHeart radio, Rdio, SiriusXM, and social media networks such as Foursquare, MTV, Twitter, and Yahoo. This might change as the company moves away from being an open source platform, useful to outside developers as well, and services Spotify exclusively. Spotify, whose market cap is estimated at around $5billion, acquired the music discovery company for reportedly $100M, with 90% paid up in equity.
Y Combinator graduate Beep has raised an additional $4 million for its connected audio device. This second seed funding round comes from a consortium of investors including Garry Tan, Alexis Ohanian, Justin Kan, Tony Hsieh and David Dolby of Dolby Labs. Dolby also participated in a $1.6 million June Seed round along with the VegasTechFund, Fuel Capital and others.
Martin Varsavsky, Founder & CEO of community WiFi network Fon has been named a keynote speaker at next year's Midem conference, where he will offer his views on the future of convergence and new collaborations between the creative industries and digital technology. The world's largest international music conference, Midem has moved from its traditional January slot to a new time of year in 2015 - June 5-8 in Cannes, France.
We talk endlessly about royalties, which is really a way of talking about centralization — giving power to a service or organization and asking them to sort out the model that pays people. Centralization will always lead to a system that can be gamed. Anything less than every participant acting altruistically means things go funny. And the truth about our world is that things always go funny. In art as in business there are ebbs and flows of power. In those tides decisions are made and people find ways to break models to their own advantage. A break is a break whether it comes from Thom Yorke or Taylor Swift — let’s take them their word that they’re after a greater good — or if it happens when a major label demands equity. Things collapse and people can get hurt.
People are just not willing to pay for music anymore. According to IFPI (International Federation of the Phonographic Industry), recorded music revenue peaked at $38bn worldwide in 1999, collapsed down to $16 billion (2011), edged up somewhat the year after, only to fall back down again to $15bn last year (2013).Total recorded music industry revenues in 2013 were less than half of their 1999 peak. Less artists are getting record deals, labels don't have as many resources to promote artists, and most artists don't earn nearly what they used to. Although the most successful artists still live lives of luxury, the music industry doesn't have the same glamourous, rockstar perception that it once did.
Spotify released its 2013 financial report which showed both rapidly growing revenue and significant net losses. Revenue grew 73% from 2012’s €430.3 to €746.9 million or $931 million USD last year. But losses also rose 16% to $116 million in 2013. The new report covers global results for all territories including the UK and France, both whom recently reported that their global operations were in the black.
On November 12, New York Is Music partnered with NYS Assemblyman Joseph Lentol to host a roundtable discussion focused on the coalition's first initiative: gaining support for the passing of the Empire State Music Production Tax Credit. The bill was introduced by Assemblyman Lentol in hopes of rejuvenating the Empire State's increasingly lackluster music industry scene. The bill would allow businesses as well as individuals recording and/or producing music a 20% ($60 million) income tax credit on expenditures relevant to music creation. The roundtable discussion drew many of New York's finest industry leaders all of whom helped the coalition make significant progress toward their goal of seeing the bill through to implementation.
Bandcamp is a platform I came across by accident in 2008. A platform I was seeking nonetheless, by asking everyone around me “Why isn’t there a way to sell music directly to fans easily in a way that makes sense?” A colleague had mentioned a platform with the name Band in it. I googled like crazy until I landed on Bandcamp (only to find out later the colleague had been referring to something else altogether). I emailed the contact on the site and instantly receive a response from Bandcamp’s founder, Ethan Diamond. Ethan had built a platform because he too was frustrated with how to compensate the artists he loved directly. Similarly, his musician friends were equally frustrated. Thus, Bandcamp was born.
Last week's SF Music Tech Summit was crammed with expertly curated sessions, industry acclaimed panelists, and inspired attendees that cultivated contemplative conversation. If you weren't able to make the conference or were torn between two sessions occurring simultaneously, you can make up for lost time by streaming the conference sessions on the SF Music Tech Soundcloud.
[UPDATED] Patreon is now paying more than $1 million per month to musicians, YouTube stars and other creatives. These payments are coming from 125,000 patrons who have pledged to support their favorite artists monthly. "The sum of these ongoing pledges constitutes sustainable, reliable salaries for professional creators around the world," the startup wrote in a blog post.
Even with expertly curated playlists, redundency tends to kick in eventually. Mad Genius Radio is looking to change that with their uniquely customizable streaming platform. With Mad Genius Radio you can add music by genres, time periods, moods and artists; you can then rate those artists and their songs individually, and change the level of each category's influence as simply as you push/pull a dial on a sound board. Mad Genius Radio introduced their platform to the public three weeks ago and has issued an exclusive free lifetime of listening offer to the first 50 Hypebot readers to subscribe. Want in?
[UPDATE 2] I admit to a bit of surprise when Uber's PR team reached out on Friday with a personal invite to "Please join Uber CEO Travis Kalanick and Special Partner Guest for a global press call to announce a first-of-its-kind partnership." The music notes at the top of the invite only added to the intrigue; and over the weekend the story leaked: Uber is partnering with Spotify to bring music to the backseat of its popular car service.
Why It's A Big Win For Both Spoify & Uber
Op Ed by Dae Bogan of DaeBoganMusic.com
Earlier this week, hundreds of budding entrepreneurs convened at the SF Music Tech Summit XIV to network with potential future collaborators, gain insight from established industry pros, and promote their startups. Hopeful to become the next big thing in music tech, founders shuffled from room to room soaking in as much insight as possible while exchanging business cards along the way with anyone who gave them an ear for a quick pitch.
Eventbase, the creators of the official SXSW Go Mobile app, have raised $2 million in Series A funding directly from the festival.
With 6000 official events and countless unofficial ones, building an app for SXSW has proven an effective calling card that has landed the startup a number of other trade shows and other events.
Let's start by admitting that I'm about to break several basic rules of journalism. While there's reporting in this piece, I am also a newly minted fan of SF Music Tech. So, it is with heartfelt gratitude that I take to my computer at 11:30pm to gather my thoughts after a whirlwind day at SF Music Tech Summit. Gratitude for Brian Zisk and the incredible team that worked tirelessly to pull of an impeccable conference; for the countless enthusiastic individuals who I crossed paths with both intentionally and circumstantially; and for the ideas shared, expanded upon, and set in motion throughout the day. While there is entirely too much future content for one blog post to handle, there were a handful of recurring themes worth highlighting.
The San Francisco based web platform, Seven Seas Music, is taking the headache out of music discovery and licensing by bringing a wide array of world music to digital content producers virtually. Media professionals can audition tracks within the carefully curated library of 5,000 tracks and begin the process of licensing that music for use with one click. The startup, overseen by music licensing professionals Brooke Wentz and Maryam Soleiman, hopes to bridge the gap between international musicians and audio-visual producers.