“To offer our artists the greatest exposure for their music, whether in the states or worldwide, it is vital to align ourselves with highly qualified people delivering the highest quality product and results,” said Intercept Music Chairman Ralph Tashjian. “With their years of experience and proven track record, it is the greatest honor to partner with Ingrooves for global distribution.”
MusiComms, the leading organization dedicated to the future of music distribution, announced today the results of its latest industry research. The survey, which was conducted in Q4 2017, polled 5,000 consumers across all demographics and regions across the United States.
How much will consumers pay for music? Will they ever pay more? How will this type of information impact music business strategy? Those are the types of questions MusiComms posed to consumers in their latest survey. Here’s what they learned:
Apple Reaches Music Deal With Warner, Eyes Sony Pact — www.bloomberg.com
Apple Inc. has secured a deal for songs from Warner Music Group, the technology giant’s first agreement with a major label since introducing its on-demand music service two years ago, according to people familiar with the matter.
Facebook Offers Hundreds of Millions of Dollars for Music Rights — www.bloomberg.com
Facebook Inc. is offering major record labels and music publishers hundreds of millions of dollars so the users of its social network can legally include songs in videos they upload, according to people familiar with the matter.
While licensing fees can easily eat up the bulk of revenues, Tencent knows that in the long run, a firm control over copyright will give it an edge over competitors.
Stream Ripping Carries On Despite YouTube-MP3's Demise — www.billboard.com
The pesky world of stream ripping took a big hit this week with the demise of one of its leading purveyors, YouTube-mp3.org, but that doesn’t mean the practice of pirating MP3s from YouTube (and other services) is going anywhere.
Will.i.am Joins 'Mobile Record Label' Startup Amuse, Talks 'Defining a New Type of Record Industry' — www.billboard.com
will.i.am is betting big on data to drive the future of the music industry, as the Black Eyed Peas frontman announced on Wednesday his joining Swedish tech company Amuse as a co-founder.
Spotify Snags Courtney Holt From Disney for Top Content Job — variety.com
Spotify has lured digital-media veteran Courtney Holt over from Disney to lead its efforts around original video and podcast programming, Variety has learned exclusively.
Paul Wilson wonders what the future of Lifestyle Audio might be…
A new campaign from music industry coalition musicFIRST has accused Google of hiding behind its legal ‘safe harbour’ to make millions at the expense of music artist.
The problem with compressed digital files (like but not limited to MP3s) is that they all sound like crap. A lot of dynamic range is gone, the high end can sound harsh and the bass can sound undefined.
Songtradr, the fastest-growing music licensing platform in the world, is expanding its product offering to include secure music file-sharing for its 100,000+ free and paid subscribers worldwide, and branded music curation for its network of partners.
“We’re growing Songtradr to become the one destination where artists can control, manage, share and monetize their music across all verticals,” said Paul Wiltshire, founder and CEO of Songtradr.
Along with these updates, Songtradr today announced a new partnership with Mood Media, the global leader in elevating Customer Experiences and largest provider of overhead music in the world.
“By working with partners like Mood Media, we can provide our artists with significant exposure and additional revenue opportunities collected from thousands of participating retail clients,” continued Wiltshire. “We look forward to growing our network of partners across many different verticals and supplying them with cutting edge music from Songtradr’s artists.”
TuneCore today announced that its artists are approaching the groundbreaking milestone of earning $1 billion in revenue solely from downloads and streams.
“TuneCore is incredibly proud of our artists for reaching such an impactful industry milestone while keeping 100 percent of their earnings through streaming and downloads,” says Scott Ackerman, CEO at TuneCore. “We are deeply committed to helping our artists maximize their revenue, which is why we are so excited to celebrate as they approach this historic achievement. We encourage artists around the world to join the Billion Dollar Club and help reach $1 billion in artist earnings ahead of our projected date.”
Arena Music has announced that it will begin offering royalty payouts for music streamed through the Arena platform in Bitcoin worldwide starting in June. The company has been testing the digital currency in Phoenix and Atlanta over the last 6 months. In March, Bitcoin reached parity with gold for the first time since its inception. It’s been deemed the “most exciting monetary experiment in modern times.”
The company is an on-demand merchandising storefront that leverages a free streaming service to help artists monetize their content in an industry where consumers no longer buy music to own. By using the music as a loss leader, Arena helps artists and labels redirect consumer attention to exclusive merchandise offerings.
Offering payouts in the popular cryptocurrency highlights the company’s forward-thinking approach and alliance with independent content creators by offering them compensation with another form of capital or investment–one that can never be offered by any subscription-based streaming platform.
According to a recent report from the Financial Times, music streaming is set to overtake CD and vinyl as the largest generator of income for British record labels in 2017. The report states that as more people opt for subscriptions to streaming services such as Spotify and Apple Music, revenues in the sector were pushed to a five-year high last year. Total income generated by the U.K. music industry increased by 5 percent to £925 million ($11.6 million) in 2016, from £881 million ($11.1 million).
Yet despite the popularity of the music industry, musicians often find themselves unfairly compensated.
To rectify this problem, the Open Music Initiative (OMI) and Ujo Music, among others, are attempting to change outdated modes in the music industry to ensure long-term sustainability, with the intent to use blockchain technology to support the creation of music.
Read Article: Bitcoin Magazine