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Tencent Music [NYSE: TME] Stock Falls 10.3% Wednesday

[UPDATE] Tencent Music [TME] stock took a beating Wednesday after the streamer's first post-IPO report to investors included a $127 million quarterly loss. TME stock closed trading on the New York Stock Exchange Wednesday at 16.66 USD down $1.91 or 10.29%.

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Bruce Houghton on 03/20/2019 in Music Business, Music Tech, Startups & Funding, Streaming | Permalink | Comments (0)

Tags: China, music, music business, musician, musicians, Spotify, Tencent, Tencent Music

BUSINESS OF INDIE: Chess Club Records • Big Hit Entertainment • Prima Classic • Ditto • More

In this week's edition of the Business Of Indie, Chess Club Records adds an investor and new distribution, BTS propels Big Hit Entertainment, indie label Prima Classic launches, Ditto adds a management division and much more.

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Bruce Houghton on 03/20/2019 in Indie Labels, Music Business, Publishing & Songwriting | Permalink | Comments (0)

Tags: Independent, Indie, music, music business, musician, musicians

Streaming Music Forecast 2018 - 2106 [MIDiA]

Respected music and entertainment industry analysts MIDiA have just published its latest global music forecasts, with revenue and user numbers projected through 2026.

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Bruce Houghton on 03/20/2019 in Music Business, Music Tech, Streaming | Permalink | Comments (0)

Tags: Amazon, Apple, Apple Music, Google, music, music business, music industry, music tech, musician, musicians, Pandora, Spotify, streaming, YouTube

Could You Be Making A Record Almost No One Will Hear?

You can pour your heart and soul into a record and create some of the best work of your life, but creating good music in no way guarantees anyone will hear it. Here we look at five common pitfalls artists make when releasing new music, and how can avoid making them.

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Guest Post on 03/20/2019 in D.I.Y., Marketing, Music Business, Publishing & Songwriting | Permalink | Comments (2)

Tags: DIY, DIY musicians, indie, music, music business, music industry, musician, musicians

Fall Out Boy Sued Over Use of Furry Llama Puppets

Fall Out Boy is being sued by the Furry Puppet Studio for allegedly overusing the life-sized llama puppets that appeared in their 2017 video for “Young and Menace.”

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Bruce Houghton on 03/20/2019 in Major Labels, Music Business, YouTube & Video | Permalink | Comments (0)

Tags: Fall Out Boy, music, music business, musician, musicians, puppets, video

ADA Inks Sara Evans' Born To Fly Records

WMG owned indie distributor ADA Worldwide has partnered with multi-platinum country artist Sara Evans and her indie label, Born To Fly Records. ADA will support the Nashville-based label with sales and distribution globally.

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Bruce Houghton on 03/20/2019 in D.I.Y., Indie Labels, Music Business | Permalink | Comments (0)

Tags: ADA, DIY, DIY musicians, indie, music, music business, music industry, musician, musicians, Sara Evans, WMG

Pandora Adds 'Modes' For Custom Lean Back Listening

Pandora has added Modes, a new feature for both free and premium users to customize the listening experience on Pandora stations. New are selectable modes within stations including “Crowd Faves” (most thumbed-up tracks by other listeners), “Discovery” (hear more songs by other similar artists) and “Artist Only” (songs only by the station artist).

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Bruce Houghton on 03/20/2019 in Music Business, Music Tech, Streaming | Permalink | Comments (0)

Tags: music, music business, musician, musicians, Pandora, Pandora Modes, streaming

Canadian Independent Music Association Gets $20M From Federal Government

The Canadian Independent Music Association has been awarded $20 million the federal government over the next two years for the Canada Music Fund. The CMF has been a critical source of support over the years but had been underfunded and over-subscribed for the past decade.

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Bruce Houghton on 03/20/2019 in D.I.Y., Indie Labels, Music Business | Permalink | Comments (0)

Tags: Canada, DIY, DIY musicians, indie, music, music business, music industry, musician, musicians

Tencent Music Posts $127M Loss, 664M Monthly Active Users

Tencent Music posted a $127 million loss in its first quarterly report its a December 2018 IPO. The loss, which the streamer forecast in its IPO prospectus stems from a one time $221 million stock issuance to Warner Music Group and Sony Music Entertainment.

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Bruce Houghton on 03/20/2019 in Music Business, Streaming | Permalink | Comments (0)

Tags: China, music, music business, music industry, music tech, musician, musicians, Spotify, streamer, Tencent Music

WED. BRIEF: Tencent Music Posts $120M Loss • Pandora Adds Modes AEG Adds Mission Fair Ticketing • More

WEDNESDAY 3.20.19

Music Business News From Around The Web

Updated continuously under the More News tab

Bruce Houghton on 03/20/2019 in Music Business, Music Tech | Permalink | Comments (0)

Tags: AEG, DIY, DIY musicians, indie, music, music business, music industry, music tech, musician, musicians, Pandora, Tencent Music

NMPA, Downtown, Ole, Peer, Others Sue Peloton For $150M In Song Infringement

The National Music Publishers’ Association (NMPA) has filed a lawsuit against exercise equipment and streaming giant Peloton on behalf of members Downtown Music Publishing, Pulse Music Publishing, ole, peermusic, Ultra Music and others.

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Bruce Houghton on 03/19/2019 in Music Business, Publishing & Songwriting, Streaming | Permalink | Comments (0)

Tags: Downtown Music Publishing, National Music Publishers’ Association, NMPA, ole, peermusic, Peloton, Pulse Music Publishing, Ultra Music

PledgeMusic Debacle Update [Iain Baker of Jesus Jones]

Iain Baker of Jesus Jones provides an update on his battle with troubled Pledge Music; a debacle which has grown into a full on financial crisis for both artists and fans, with no yet in sight.

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Guest Post on 03/19/2019 in D.I.Y., Music Business, Music Tech, Startups & Funding | Permalink | Comments (3)

Tags: DIY, DIY musicians, indie, music, music business, music industry, music tech, musician, musicians, PledgeMusic

The Recording Industry Is Growing, So Why Do We Need Article 13? [Op-Ed]

With Article 13 just weeks away from becoming law both sides are ratcheting up to support or fight the copyright directive. Mike Masnick sits firmly in the later cap and asks why the restrictive legislation is need at a time of explosive growth in the music industry.

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Bruce Houghton on 03/19/2019 in Music Business, Music Tech, Publishing & Songwriting, Streaming, YouTube & Video | Permalink | Comments (1)

Fiona Apple Teases New Music With Instagram Videos

Fiona Apple has teased new music with two very casual videos on Instagram. The visual social media platform is gaining major traction as a music marketing channel, even as it's owner Facebook's effectiveness declines.

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Bruce Houghton on 03/19/2019 in Major Labels, Marketing, Music Business, Social Media | Permalink | Comments (2)

Tags: DIY, DIY musicians, Fiona Apple, indie, Instagram, music, music business, music industry, musician, musicians

The Art Of Spending Your Music Money (Part 2)

In part two of this five part series on how to effectively allocate money in the correct places in order to benefit your music career, we look at a visual framework for self-investment, and how artists can use it as a series of checks and balances when developing their business.

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Guest Post on 03/19/2019 in D.I.Y., Marketing, Music Business, Publishing & Songwriting | Permalink | Comments (0)

BTS Pre-Sale Exceeds 2.6 Million Albums In Just 5 Days

K-Pop superstars BTS have pre-sold more than 2.6 million copies of the album "Map of the Soul: Persona" Set to be released on April 14, the album may be the biggest pre-sale in history, a particualty impressive feat in an era where streaming has surpassed physical sales.

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Bruce Houghton on 03/19/2019 in Indie Labels, Major Labels, Music Business | Permalink | Comments (0)

Tags: BTS, K-pop, Korea, music, music business, musician, musicians

Songwriting Workflow: What One Month Of Daily Releases Taught Me

What's it like to release a new composition every day for a month? Composer Martin Fowler recently took on this challenge (and then some), working to release new music everyday for an entire month. Here he documents his experience, and what he learned from it.

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Owen Davie on 03/19/2019 in D.I.Y., Music Business, Publishing & Songwriting | Permalink | Comments (0)

Tags: DIY, DIY musicians, music, music business, musician, musicians, songs, songwriting

JUNO Award Winners 2019: The Full Winner List

The Juno Awards, Canadian Academy of Recording Arts and Sciences (CARAS) and CBC took over Budweiser Gardens in London, Ontario last weekend to celebrate Canada's annual biggest night if music.

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Bruce Houghton on 03/19/2019 in Conventions & Awards, Indie Labels, Major Labels, Music Business | Permalink | Comments (0)

Tags: Canada, Juno Awards, Junos, music, music business, musician, musicians

TUE. BRIEF: Spotify Plans Songwriter Town Halls • 2.6M BTS Pre-Sale • Recording Academy Narrows Search • More

TUESDAY 3.19.19

Music Business News From Around The Web

Updated continuously under the More News tab

Bruce Houghton on 03/19/2019 in Music Business, Music Tech | Permalink | Comments (0)

7 Actionable Tips For Music Labels To Escalate Their Online Video Revenue

As the largest video sharing platform on the planet, YouTube represents a huge opportunity for artists and labels to spin the countless views on the site into profit. Here we look at seven tips for how music labels can up their video revenue game.

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Guest Post on 03/18/2019 in D.I.Y., Marketing, Music Business, YouTube & Video | Permalink | Comments (1)

Tags: DIY, DIY musicians, indie, music, music business, music industry, musician, musicians, video, YouTube

Myspace Has Lost 50 Million Tracks From 14 Million Artists

Myspace has lost all content uploaded to the site before 2016 including more than 50 million tracks,videos and photos from 14 million artists. Users noticed that content was missing almost a year ago.

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Bruce Houghton on 03/18/2019 in D.I.Y., Music Business, Music Tech, Social Media | Permalink | Comments (1)

How To Prepare For A Post-Album Music Industry [Keith Jopling Of MIDiA]

The album is not dead, but it is fading away; and stats shared by MIDiA analyst Keith Jopling confirm the trend. Adults that claim to listen to whole albums monthly, stands at just 16% according to Q4 ‘18 data from MIDiA, a drop from 22% in the previous quarter.

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Bruce Houghton on 03/18/2019 in Music Business, Music Tech | Permalink | Comments (0)

Tags: albums, DIY, DIY musicians, indie, music, music business, music industry, musician, musicians, vinyl

'Band vs Brand" - Filmmaker Bob Nalbandian Examines The State Of The Music Business

BAND VS BRAND is a feature length documentary film focusing on the current state of the music business and on how “the brand” of a rock group, in many cases, has more power than the band members themselves. Filmmaker Bob Nalbandian joins Music Biz Weekly podcast co-hosts Michael Brandvold and Jay Gilbert.

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Bruce Houghton on 03/18/2019 in D.I.Y., Indie Labels, Major Labels, Marketing, Music Business | Permalink | Comments (0)

Tags: Band vs Brand, Bob Nalbandian, DIY, DIY musicians, film, indie, music, music business, music industry, musician, musicians

The Importance Of Artwork In Your Music

With the rise fo streaming the prominence of album artwork has, quite literally, been greatly reduced. That said, it's a mistake for artists to discount the incredible importance of album art when it comes to releasing and promoting your music.

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Guest Post on 03/18/2019 in D.I.Y., Digital Music, Music Business, Publishing & Songwriting, Retail & Vinyl | Permalink | Comments (0)

Tags: art, artwork, DIY, DIY musicians, indie, music, music business, music industry, musician, musicians

Copyright and A Defense Of 'Unfair' Competition [Neil Turkewitz]

In this article, Neil Turkewitz goes on the offensive against a recent piece by Mark A. Lemley and Mark P. McKenna titled "Unfair Disruption" in which the authors lambast copyright and its owners' inability to adjust to disruptive technology and innovation.

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Guest Post on 03/18/2019 in Music Business, Music Tech, Publishing & Songwriting | Permalink | Comments (1)

Tags: copyright, music, music business, musician, musicians

The Magic Of Indie Record Stores: 'Dream Big Shop Small' [VIDEO]

Sub Pop, Easy Street Records and J Mascis produced this short video tale "Dream Big, Shop Small," about the magic of record stores and the music you find in the. It's a fitting teaser as we count down to Record Store 2019.

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Bruce Houghton on 03/18/2019 in Indie Labels, Major Labels, Music Business, Retail & Vinyl | Permalink | Comments (0)

Tags: DIY, DIY musicians, indie, music, music business, music industry, musician, musicians, Record Store Day, record stores

Skip Rates: Why The First 30 Seconds Matter More Than Ever

With the album on the wane and attention spans shorter than ever, the first 30 seconds of of a song matter more than. Not only do they need to capture the listener's attention, but in streaming, they determine if the songwriter is going to get paid at all.

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Bruce Houghton on 03/18/2019 in Music Business, Music Tech, Publishing & Songwriting, Streaming | Permalink | Comments (3)

Tags: Amazon, Apple, Apple Music, DIY, DIY musicians, Google, indie, music, music business, music industry, music tech, musician, musicians, Pandora, skip rates, songs, songwriting, Spotify, YouTube

XITE, Music Video Streaming App, Makes US Debut

A free app already popular on the international scene, XCITE has officially been rolled out in the US, and may be the first streaming service solely dedicated to music videos.

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Guest Post on 03/18/2019 in Apps & Mobile, Music Business, Music Tech, YouTube & Video | Permalink | Comments (0)

Tags: app, DIY, DIY musicians, iiveo, indie, music, music business, music industry, music tech, musician, musicians, XCITE, YouTube

Spotify Bites Back, Calls Apple Monopolistic [Full Text Of Statement]

UPDATED: The war of words between Spotify and Apple shows no signs of abating, with the streamer issuing its latest rebuttal calling out Cupertino as "monopolistic." In a statement, Spotify said that "Apple’s response to our complaint before the European Commission is not new and is entirely in line with our expectations."