A2IM demands 75% adoption before Luminate shifts Billboard indie chart data collections
Echoing the concerns of indie music stores and labels over plans by Luminate to change how it calculates physical sales reported to Billboard, A2iM (American Association of Independent Music) calling for. Continue reading
TikTok funder Sequoia investigated by Congress for Chinese investments
TikTok investor Sequoia Capital has aroused suspicions in Congress over its recent financial support of multiple Chinese tech companies. by CHRIS CASTLE of Music Tech Policy It was only a. Continue reading
83% of Hipgnosis Shareholders reject continuation, Merck Mercuriadis responds
83.2% of Hipgnosis shareholders voted against the continuation of the song investment fund and rejected a $449 million partial asset sale to Blackstone. In a scathing rebuke of the current. Continue reading
Spotify says new model will shift $1B to ‘working artists’ in 5 years
Spotify is making major changes that it says will shift $1 billion in royalty payments over the next five years to ‘legitimate’ artists and rightsholders. Spotify has confirmed to multiple. Continue reading
Spotify [SPOT] up 10% on strong Q3 Report, solid Q4 forecast
Spotify [NYSE: SPOT] stock closed up 10.36% Tuesday at $170.63, after strong Q3 earnings and user growth reports. By Wednesday morning, the price had fallen back about 1% to $168.83.. Continue reading
Spotify Q3 2023: Users pass 574M in first Profitable Quarter since ’21
In its first profitable since 2021, Spotify’s monthly active users (MAUs) passed 574 million, and paid subscribers topped 226 million. Both increases were slightly above Spotify’s guidance. At the end. Continue reading
Techstars Music – once the gold standard for accelerators – is closing
At the height of the music tech boom, acceptance into the Bob Moczydlowsky led accelerator TechStars Music was the most sought-after stamp of approval in music tech. But symptomatic of. Continue reading
Indie music fan funding platform Ampled to shut down
Music fan funding platform Ampled will shut down at the end of the year, the company’s Board announced in an open letter last week. More than 852 artists are currently. Continue reading
Your Morning Coffee Podcast: The Music Economy • Superfans vs. Supine Fans • UMG AI lawsuit • More
Episode 167 of Jay Gilbert and Mike Etchart’s podcast Your Morning Coffee: Weekly News for the New Music Business is available now. Episode 167 Listen on your favorite podcast platform.. Continue reading
‘Fasten your seat belts,’ as Spotify sets Q3 earnings report
Spotify will report Q3 earnings before the market opens Tuesday, and a top analyst is expecting increased volatility following what they expect will be a mixed report. Although Spotify’s revenue. Continue reading
