Record labels are finally becoming less dependent on Spotify [Mark Mulligan]
Record labels and rightsholders may become more willing to stand up to Spotify as new revenues sources like Peloton, TikTok, and Facebook begin to positively affect their bottom lines. By. Continue reading
WMG reports strong Q3 beating analyst expectations
Warner Music Group Corp. (WMG) announced strong quarterly earnings Tuesday that surpassed analysts’ expectations. WMG earnings grew 33%, beating analysts’ predictions by 14.29%. Over the last four quarters, the company. Continue reading
Sony now ignoring any unrecouped balances for heritage songwriters
As part of an expansion of its “Artists Forward” initiative, Sony Music has announced it will be ignoring any unrecouped balances from its songwriters that received advances before the year. Continue reading
Arlo Parks, Mogwai, Wolf Alice, more nominated for Mercury Prize 2021
The Mercury Prize, which recognizes albums outside of the mainstream, has named its 2021 list of nominees and it’s a diverse group. The full list of Mercury Prize 2021 nominees. Continue reading
QUICK HITS: Flymachine. Sony Music Publishing • AudioSalad • WCPM • Exit Live • ADA + Yin Yang Media • more
Virtual live music venue Flymachine has named former UMe SVP Jason Feinberg as its SVP of Marketing. Feinberg joins an impressive Flymachine executive team including CEO Andrew Dreskin (co-founder of. Continue reading
Noah Shachtman named Rolling Stone Editor-in-Chief
Rolling Stone recently announced that veteran journalist and blogger Noah Shachtman would be taking on the role of the publication’s new Editor-in-Chief. Guest post by Ian Courtney of Celebrity Access. Continue reading
Polaris Music Prize 2021 short list announced
The organizers for Canada’s much-coveted Polaris Music Prize have finally revealed the ten albums chosen for the award’s short list, with an ultimate winner to be announced in the coming. Continue reading
UK leaders call for 50% of stream revenue to be paid to artists as part of a ‘complete reset’ of the music industry
A bombshell study released by the UK Parliament calls for comprehensive reform “not only to redress the balance for songwriters, performers, and composers but to tackle fundamental problems within the. Continue reading
Live Nation CEO says ‘North American concert business is fully re-open’
Live Nation CEO Michael Rapino says that the concert business has fully re-opened despite concerns of a COVID resurgence in key states. Live Nation CEO Michael Rapino told CNBC that. Continue reading
Yo Gotti on building his CMG label: “I’m playing all the positions” [VIDEO INTERVIEW]
Memphis-based rapper and Collective Music Group founder Yo Gotti is on a roll, not just with his own career but with label artists like “Moneybagg Yo” whose “A Gangsta’s Pain”. Continue reading
