Sony Music

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.Continue Reading

SoundCloud Teams Up With Splice

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 leveragingContinue Reading

Adele Spotify

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 inContinue Reading

Warner

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 costsContinue Reading

Spotify And Shopify

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 toContinue Reading

Apple Music

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 SiriContinue Reading

Spotify

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 otherContinue Reading

ANote Music

According to a close source, Beyoncé’s father, Mathew Knowles, will join ANote Music as a senior advisor. The future growth of the marketplace for investing in music royalties will receive guidance from the music industry veteran. Knowles said: “Since first meeting ANote at an industry event in 2019, I’ve been thoroughly impressedContinue Reading

Musicians Cryptocurrency

Musicians will be able to receive payments in cryptocurrency thanks to a partnership between UnitedMasters and Coinbase. Steve Stoute, the CEO of UnitedMasters, said: “Working with Coinbase to give independent artists the ability to be paid in crypto is a natural next step for us, using technology to ensure thatContinue Reading

5SOS

5SOS, the global sensation, has joined BMG. Furthermore, the four-piece from Australia has inked a new deal with BMG to release a new album. BMG’s, Thomas Scherer said: “With their high level of success and global appeal, BMG is the perfect partner for a band of this magnitude and whatContinue Reading

Epic Games And Warner

LICKD, the music licencing platform that provides content creators with a catalogue of legally available tunes, has received funding in a fresh investment round. The Nick Mason group led the £5.1 million fundraising round, with Epic Games and Warner also contributing to the platform’s development. Paul Sampson, the CEO ofContinue Reading

Justin Timberlake

Photo Credit: Gage Skidmore | Licence Justin Timberlake will be joining Timbaland, a long-time friend, at Beatclub, the beat marketplace. The iconic pop singer intends to contribute to the new platform while also networking with other musicians. Timbaland and Gary Marella, his manager and business partner, launched Beatclub, a newContinue Reading

Warner Music

According to Warner Records, Steve Carless will take over as President of A&R. In his new job, Steve will collaborate with the A&R team and report to CEO Aaron Bay-Schuck. The new hire has a significant resume in the music industry, including projects working with Beyonce, Big Sean, Pusha T,Continue Reading

British Government Music

The House of Commons in London calls for a watchdog to investigate the UK music industry’s structure. Why? Because there are concerns that the large labels have too much clout, forcing the competition to grow too “ferocious.” The BPI said: “Supporting further market growth and preserving UK music’s dynamism, investmentContinue Reading

Twitch

Amazon-owned Twitch has reached an agreement with music publishers to work together to develop new productive collaborations. The new agreement will allow Twitch to open up new opportunities for music publishers and strengthen the link between gaming and music. CEO of the national music publishers association, David Israelite, recently spokeContinue Reading

Wolverhampton Wanderers

That’s right; you heard it right! Wolves will launch a new label, Wolves Records, in collaboration with ADA by Warner Music. Peter Rudge, a legendary music manager, will serve as a strategic consultant for the label, which is actively seeking fresh talent.Continue Reading

Medialab Buy Genius

According to current sources, Medialab, the Los Angeles-based corporation, has purchased Genius, the lyrics database, for $80 million. Genius started life in 2009, and since then, more than two million contributors have contributed material to the platform. Tom Lehman, the co-founder of Genius, said: “MediaLab’s commitment to investing in artistsContinue Reading

Beatclub

Beatclub, Timbaland and Gary Marella’s beat marketplace has received an invitation to join IBM’s Hyper Protect Accelerator mentorship programme. The IBM Hyper Protect Accelerator helps early-stage entrepreneurs, and it has already served at least 45 since its inception. Furthermore, when Beatclub launches later this year, it will expand and growContinue Reading

US Record Music IndustryUS Record Music Industry

In the first half of 2021, the recording music industry in the United States grew. Furthermore, new data shows that revenue from recorded sales increased by $1.5 billion in the first quarter of this year, compared to $7.1 billion in 2020. The increase is due to a rise in musicContinue Reading

Apple Music

Apple Music, the music streaming service, is now integrating Shazam’s technology into its platform to ensure all rightsholders get paid. Apple, which owns Shazam, uses the song finding tool to ensure that owners of the music that appear in mixes get their share of royalty payments, and it is partContinue Reading

TuneCore Marketing

Nicholas Krus is the new vice president of marketing at music distributor TuneCore. Krus will report to Andreea Gleeson, the CEO, and will take control of all marketing activities. Andreea said: “Nick is that rare individual who is actively right and left brained. He can analyze data one minute, thenContinue Reading

Australian Music Industry

The Australian music business supports the national vaccination drive by encouraging music fans to get vaccinated. Key industry figures have been bolstering the campaign with one statement saying: “Help us stop the interruptions and get vaxxed as soon as you can. Every jab makes a difference, and every Australian canContinue Reading

South Africa Chart

The first official South African music chart has been launched, with the chart places based on streaming data. The new TOSAC list will utilise data from streaming services like Spotify, Apple Music, and Deezer. Sean Watson from the Recording Industry Of South Africa said: “This represents a significant milestone andContinue Reading

Tencent Holdings China

Due to China’s recent exclusivity ban, Tencent is removing all of its exclusive music deals in the country. Nevertheless, Tencent has stated that they “will continue to cooperate with the upstream copyright party in a non-exclusive way, and will negotiate with the upstream copyright party on non-exclusive cooperation matters”. Essentially,Continue Reading