The Beatles’ vintage audio interviews will head to auction this week as NFTs. The interviews, which are separate interviews with each member, have not seen the light of day in decades. Speaking about the revelation, Jonathan Firstenberg said: “The owners of VOCR acquired this remarkable archive from its creator, Kathleen
The ‘Brennan Bill’, which would have likely removed income from labels, failed to pass through the UK Government. Kevin Brennan introduced the new law that allowed artists to receive direct payments from streaming sites, circumventing labels. Many labels were not pleased, even though many artists thought it was the proper
Warner Recorded Music has appointed a new SVP of international, Phebe Hunnicutt. Speaking about the new position, Phebe said: “It’s an exciting time to join Warner Music as it works with partners to tap into opportunities in rapidly developing new markets, as well as to drive innovation and offer fans
With his proposal to pay royalties directly to performers instead of through the label, a British politician sends record labels into a frenzy. Although the proposed bill would allow artists to earn more from their music, many question its practical benefit. Furthermore, labels will have little motivation to break songs,
Distrokid, the online music distribution service, is expanding into the NFT industry. Furthermore, with so many music industry companies and musicians entering the NFT area, it only seems sensible that one of the world’s largest online distributors follows suit. Distrokid has teamed up with 10,000 independent artists to create one-of-a-kind
TuneCore, the online music distributor, has announced a new service that will allow musicians to release their music straight to social media sites like Instagram and TikTok. According to TuneCore’s recent statement, there will be no upfront price for the new service, but TuneCore will receive a “small” revenue share.
Spotify is expanding its audiobook offerings by acquiring Findaway, a leading audiobook distributor. Spotify and Findaway will accelerate the growth of audiobooks as a result of the new acquisition. According to Gustav from Spotify’s reach team: “It is Spotify’s ambition to be the destination for all things audio both for
Photo Credit: Frank Schwichtenberg | Licence After recently signing with Kobalt, Young Thug is now a member of the company’s publishing roster. According to the deal, Kobalt will handle all publishing administration, sync, and creative services for the rapper’s future songs. Kobalt’s VP, Jill Tschogl, said: “Young Thug’s track record
Jasmine Hsiao is the new managing director of Warner Music Taiwan. Jasmine will report to Warner Music Asia co-presidents Chris Gobalakrishna and Jonathan Serbin. The new hire has over 20 years of expertise in the music industry and will begin working in the position immediately. Hsiao said: “I’m excited to
Fader, the indie label, has announced the formation of a new management branch called Fader Management. Jon Cohen, a co-founder of Fader, said: “FADER Management is a natural evolution of the artist development we offer through all of the services Cornerstone and FADER provide. Management enables us to use the
Deezer has formed a strategic partnership with RTL, a German broadcaster. The music streaming app will deliver music, audiobooks, and radio plays for RTL+, which will launch in 2022. Deezer’s CEO, Jeronimo Folgueira, stated: “RTL+ will offer users an integrated entertainment experience with all the content they love in one
Lionel Richie is one of the best-selling musicians, with over 125 million albums sold worldwide. As a result, it’s no surprise that the hitmaker has struck an exclusive deal with Universal Music Publishing Group. UMPG will take care of his catalogue in the future as part of the exclusive contract.
Chris Gobalakrishna and Jonathan Serbin have been named co-presidents of Warner Music Asia. Both presidents will be based in Hong Kong and report directly to Simon Robson, Warner’s president of international recorded music. Chris Gobalakrishna said: “I’m honoured to be working with Jonathan to lead our Asian operations. Asia is
After deciding to extend its operations in China, UMP China has launched a new office in Shangai. Mo LiangJin spoke about the opening and said: “UMP’s new office opening is a strong support for Jing’an District to continuously promote the development of a multi-dimensional, high-level cultural and creative industry. Jing’an
The A&R Awards by Music Business Worldwide have developed a new Trailblazer: The Richard Antwi Award. Before his tragic death in 2016, Richard Antwi was a music pioneer. Furthermore, the award is established in his honour and will recognise those who have made significant contributions to the music industry by
According to the latest financial statistics, Sony Music is experiencing massive growth in streaming revenue. Sony’s recorded music division earned over $1 billion in the three months running up to September. It’s a watershed moment for the music company, experiencing these new highs for the first time.
Splice and SoundCloud have teamed up to develop a new programme for up-and-coming musicians. The new scheme, dubbed Nova by the two businesses, will be open to unsigned Splice and SoundCloud creators. Maria Egan, Splice’s Chief Music Officer, said: “We’re opening the doors to our most talented users and leveraging
Adele has returned with her new track, ‘Easy On Me,’ which is already breaking records! Furthermore, in a single day, the new song became the most listened to song on Spotify. In just seven days, ‘Easy On Me’ has crossed 84.95 million chart streams, making it Spotify’s most-streamed song in
According to yCharts, Warner Music is worth more than $27 billion. Also, given the new analysis, the legendary music corporation is worth $1 billion more than it was last year. In addition, WMG’s share price has increased by 60% in the last five years, and an individual share currently costs
Spotify has partnered with Shopify, an e-commerce platform, to enable bands to sell merchandise straight from within the Spotify platform. Camille Hearst from Spotify said: “For many fans, Spotify is the primary way they interact with an artists’ music, and we are excited to give artists a new way to
The streaming provider Apple Music is launching a new subscription called ‘The Apple Music Voice Plan.’ The new membership will be $4.99 and will use Siri, Apple’s built-in voice recognition capability. Oliver Schusser from Apple said: Apple Music and Siri are natural partners and already work seamlessly together. With Siri
The industry and songwriters have long chastised Spotify for not increasing its royalty payment. Despite mounting criticism, the Spotify board of directors and other leading music tech businesses are opposed to increasing their income split with people who make the platform what it is: a music service. Spotify and other