The recorded music industry is growing again thanks to streaming, but by how much and who are the winners and losers? Because the three major labels only report overall recorded music revenue, Billboard used third part data to estimate the 2018 U.S. earnings of every major and major-controlled record label.
Lil Nas X's "Old Town Road" is tied for the title of longest-running #1 song in US chart history. Even the 2017 smash "Despacito" remix with Luis Fonsi, Daddy Yankee and Justin Beiber could not match the 21 year old record.
Billionaire investor Haim Saban, Chairman of Saban Capital Group, is teaming with music industry veteran Gustavo Lopez to launch Saban Music Group with a promised $500 million investment. SMG is positioned as a record label, international A&R, and artist development company built around offering ‘360 deals’ to artists.
Sony Corporation chief Kenichiro Yoshida has announced that the company will bring together its recorded music and music publishing businesses outside of Japan under the umbrella of Sony Music Group Sony Music Entertainment CEO Rob Stringer will now run Sony Music Group as well as Sony Music Entertainment.
At the heart of the music business almost since its inception, major labels have successfully weathered multiple challenges to their industry dominance. But as music once again reinvents itself, can the major labels continue cling to power?
Regardless of who's getting the money, it is undeniable that streaming has made the music industry lucrative again. Now, as the business works to reinvent itself, are historically downtrodden artists finally coming out on top, or are record labels and management siphoning off all of the profits?
Here Chris Castle outlines some of the new regulations surrounding how the passage of the CLASSICS Act section of the MMA will effect pre-72 recording copyright owners, and the procedure for recovering statutory damages for infringement.
In this piece, Neil Turkewitz offers a different take on the recent Taylor Swift rights ownership incident, arguing against viewing it as an indictment of copyright, and rather as a reminder that the rules protecting creators' intellectual property need to be easier to enforce.
Shake it off, Kelly Clarkson is telling Taylor Swift about her feud with Scooter Bruan and Scott Borchetta, by re-recording and releasing the hits that Braun now controls after acquiring her former record label, Big Machine. Swift called the sale her "worst case scenario;" and re-recording the hits would both give her control of the new masters and devalue Braun's reposted $300 million purchase.
Despite streaming's popularity, piracy is once again on the rise at an alarming pace, leading the United Nations' World Intellectual Property Organization to unveil a new global anti-piracy database, aimed at curbing this alarming spike in intellectual property theft.
Australian music tech startup Jaxsta has announced a deal to deliver track and album credits from global independent music licensor Merlin and its thousands of label members. With the deal, Jaxsta now has access to the credits of more than 80% of all global music releases.
In a recent move, Universal Music Group has thrown down the copyright tire spikes, attempting to block the MTV era group O-Town from applying for a trademark, alleging the band's name is too similar to UMG's Motown.
In part one of this two-part analysis, Ben Gilbert speaks with a variety of people working within the music business, in an effort to assess the state of diversity and inclusivity within the industry right now, and whether or not it's representative of society as a whole.
As artists continue to one-up each other across all metrics, it seems the music industry one percent are giving way to a broader swathe of artists, making for an at least somewhat more egalitarian music industry.
Fiona Apple apple will donate two years of royalties from her 2009 hit “Criminal” to help refugees. “After months and months of reading the news about how my country is treating refugees, I’ve become gutted with frustration trying to figure out the best way to help,” Apple wrote. “It seems to me that the best way I can help detainees is to contribute to the payment of their legal fees.”
Rolling Stone has launched five music charts powered by analytics firm Alpha Data, formerly known as BuzzAngle Music, which the magazine acquired last year. The debut comes almost two months later than originally planned.
The very spat between Taylor Swift and the head of her former label over control of her hit masters is far from over. But whatever "truths" are revealed in the coming days, one thing is certain, writes MIDiA analyst Mark Mulligan, the dispute provides a cautionary lesson to artists and a boost for label services firms.
Three Six Zero CEO & Founder, Mark Gillespie, has announced that DJ and artist Pete Tong, will be joining the record label as President. Launched in 2018, Three Six Zero Recordings is a joint venture between Sony Music and Gillespie’s management company, Three Six Zero.
Following the success of the inaugural UK based National Album Day last year, the event, focused on celebrating everything LP, will return in 2019. Set to take place on October 12th, National Album day will feature the theme ‘Don’t Skip’ and explore the “benefits of taking time out to listen to an album from start to finish.”
Recently, China has successfully navigated its way up the music industry food chain, rising from 12th to 7th in the global industry in just two years. Here we look at what has led to the rapid growth in the country's streaming and recording business,
Big Machine Label Group founder Scott Borchetta has fired back at Taylor Swift after the singer took to Tumblr with an emotional reaction to the acquisition of BMLG and her hit recordings by Scooter Braun’s Ithaca Holding. 'This is my worst case scenario, wrote Swift. “So, it’s time for some truth…” countered Borchetta.
Taylor Swift is calling the sale by Scott Borchetta of her former label Big Machine to Scooter Braun for $300 million her "worst case scenario." Swift recently signed to Universal, but Big Machine and now Braun controls all of Swift's prior multi-platinum recordings.
[UPDATED] Scooter Braun's Ithaca Holdings has acquired Scott Borchetta's Big Machine Label Group. The combined companies create a multifaceted independent music powerhouse that includes labels, management, streaming, publishing and media companies.
Pre-saving an album on Spotify can give record labels and others access to personal data including email addresses and playlists, according to a Billboard study. It can also grant labels permission to manage follows, change songs in their libraries, and potentially even stream Spotify on the fans other devices.
Pushing back on reports that Amoeba Music was closing its Hollywood location after a residential development was green-lighted for the site., the iconic record store issued a statement: "We are NOT closing. We are going to be in the current location at 6400 Sunset Blvd for about another year, and from there we are planning to move to a new space in Hollywood." The full statement:
Recently, DJ Khaled and Billboard entered into a dispute of sorts after Billboard disqualified a number of the artist's most recent album sales owing to the fact that they were bundled with energy drinks Awake Energy and Isotonix Turn Up via a massive marketing campaign, bumping the litigious DJ from the #1 slot.
UMG Pocketed Up To $150M In Fire Settlement, Insurance Payments and Paid Nothing To Artists, Lawsuit Claims
In addition to covering up the scope of damage in a 2008 fire in a Universal Music Group vault containing recording masters of more than 800 artists, the company allegedly also profited from settlement and insurance payments, according to a new report and court filings.