Read Steve Albini’s incredible letter to Nirvana waiving ‘In Utero’ royalties

While Steve Albini shepherded thousands of albums, he preferred being called an engineer rather than a producer. That self-imposed distinction offers a glimpse at the depth of Alnini’s character, but his letter to Nirvana took it to another level…..

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UMG and TikTok have a New Deal, and the War of Words is now a Lovefest

The rancorous public battle UMG and Tikok has ended with a “new multi-dimensional licensing agreement that will deliver significant industry-leading benefits for UMG’s global family of artists, songwriters, and labels and will return their music to TikTok’s billion-plus global community”….

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music tech news music fintech

QUICK HITS: New IFPI CEO • WCM + EA • Believe + Kidding Aside • King Street Sounds is back!

IFPI, the recording industry’s worldwide trade group, has named Victoria Oakley its new CEO. Oakley will join IFPI in June from Portland, the global strategic communications and advocacy consultancy, where she is currently CEO…..

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Warner Music will not bid to acquire Believe [full statements from both companies]

Warner Music Group announced on Saturday that it would not bid for independent music conglomerate Believe. No specific reason was given for the shift, but WMG was granted access to Believe financial data to guide their bid two weeks ago…..

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Infamous Record Store Crawl returns for a 7-City Comeback Tour

Music lovers, record enthusiasts, and audiophiles are checking their collections and ironing their CBGB t-shirts in anticipation of the upcoming Record Store Crawl tour, making a comeback after a four-year pandemic-induced hiatus…..

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Beyoncés Cowboy Carter breaks Spotify and Amazon one-day records

Move over Taylor Swift. On Friday, Beyoncé’s COWBOY CARTER became Spotify’s most-streamed album in a single day in 2024…..

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Soundexchange distributions

Artist’s Pandora SoundExchange payments now go directly to UMG

Since SoundExchange’s inception in 2003, 50% of song royalties from Pandora have been paid directly to artists after the digital PRO takes a 4.6% administrative fee…..

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Anthropic tops $61B despite copyright lawsuits

Global recorded music revenue jumps 9.8% after years of slow growth [MiDiA]

The music market has doubled in size since 2015, and it continues to grow. But who is getting all this money? A new MIDiA report digs deep for answers…..

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fight streaming fraud

Fighting Streaming Fraud at the Distributor Level [Symphonic’s Jorge Brea]

Fraudsters “redirect royalties away from rights holders and artists and into their own pockets to the tune of millions per year,” writes Jorge Brea, the CEO of Symphonic Distribution, but there is a solution…..

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Indies are ‘gravely concerned’ by WMG’s bid for Believe and TuneCore

A top independent music trade group is expressing concern over Warner Music Group’s aggressive bid to acquire independent music conglomerate Believe…..

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