Posted by Glen Sears | March 20, 2017 9:30 am | No Comments
Top Music News Story
Spotify To Sign New Licensing Deals With Major Labels ‘Within Weeks’?
The Financial Times is reporting optimistic news: it says that “licensing talks have picked up considerably” between the Spotify and Universal Music Group – and even that “deals [with the major labels] could be inked within weeks.”
According to the FT’s sources, Spotify has changed stance on one crucial point: finally agreeing to allow blockbuster album releases to be ‘windowed’ on its premium tier.
Other Music News Highlights
Spotify Softens Stance on Windowing New Music In Exchange For Lower Royalty Rates. The concession, which Spotify has long resisted, would reportedly be in exchange for the labels agreeing to reduced royalty fees for songs — the proposed deals are seen as a crucial step as Spotify tries to clear the path for an IPO in 2018.
Drake Has Reportedly Generated More Than $50m On Spotify. A spokesperson said: “Drake continues to break Spotify records, including his own, and is now the number one streamed artist and the first to reach over 10 billion streams.
Universal Inks Deal With MelodyVR For ‘Revolutionary Music VR Experiences.’ MelodyVR says it will be creating experiences with UMG artists including sell-out concerts, live performances, immersive music videos and intimate behind-the-scenes content.
Chance The Rapper Says Apple Music Paid $500,000 For 2 Week “Coloring Book” Exclusive. “I just wanna remain transparent, folks out there without a deal need to know they’re doing everything right just keep at it…I think (an) artist can gain a lot from the streaming wars as long as they remain in control of their own product.”
Pandora Not For Sale, Will Be Profitable This Year, Says Pandora CEO As Stock Falls. Pandora founder and CEO Tom Westergren made some bold claims during a CNBC appearance Monday — Wall Street seemed unimpressed, pushing the stock -6.3% to $11.60 by midday Tuesday.
Performance Rights in Pre-1972 Sound Recordings Kicked to California Supreme Court. The development is the latest in a high-stakes showdown that’s been unraveling since Flo & Eddie of The Turtles brought class actions against Sirius XM and Pandora for broadcasting hits like “Happy Together.”
Ticketmaster Expands ‘Verified Fan’ Program To Combat Bots, Ticket Scalping. Ticketmaster’s Verified Fan uses a combination of expert systems and customer data such as purchasing history in an effort to identify fans purchasing tickets and cut down on automated ticket buying systems or bots.
Posted by Glen Sears | October 5, 2015 10:26 am | No Comments
The Story of the Week
Amazon Prime (Finally) Signs Deal for Universal Music Artists
Subscribers to Amazon’s Prime service — the company’s music and video streaming, and shipping discount, service — can now stream the likes of Taylor Swift, Katy Perry, Luke Bryan, Lana Del Rey, Maroon 5, Of Monsters and Men, Ariana Grande, The Weeknd, Ellie Goulding, Drake, Lorde, Jessie J and Eminem.
Universal Music Group, long a holdout from Prime, struck a deal with the Seattle-based company earlier this week. While a total number of artists included in UMG’s licensing wasn’t made public, sources tell Billboard the number stands at around 1,000 and includes genres like jazz and classical, which skew to an older demographic that Prime is seen as being strong with.
Read More on Billboard: http://bit.ly/1Z49usC
Apple Music Launches in China – Apple has officially launched its streaming music service in China. The company announced Wednesday that Apple Music will cost 10 RMB per month, or only $1.50 US, but not before users exhaust a three-month trial membership. Read More
Tidal Hits One Million User Milestone, Announces Celeb-filled Live Show – Under the snappy title TIDAL X: 1020, the show will feature performances from artists like Beyoncs, Jay-Z, Prince, Usher, Nicki Minaj, Lil Wayne, and TI. Read More
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