The world’s most well-known record companies, such as Sony, Universal, and Warner, are joining independents in signing climate schemes that will allow for a more sustainable future by 2050. There are presently two schemes, the Science-Based Targets and the SME Climate Community, and large corporations are signing on to them.Continue Reading
With their latest announcement that they will develop ‘Virtual Identities,’ Universal is paving the road forward in the NFT space. The flagship label will team up with Genies, the avatar tech company, for their project, and they also state they will create NFTs for their artists. Celine Joshua from UniversalContinue Reading
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, KathleenContinue Reading
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 properContinue Reading
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-kindContinue Reading
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
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
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
‘Look Away,’ a new documentary from Sky Documentaries, looks at the music industry in the 1970s and 1980s. It delves into the blind eye from the music industry when rockstars began having sexual connections with adolescent females. Sophie Cunningham, the director, spoke to Sky News and said: “There are soContinue Reading
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
Singer Halsey blames the music industry for its treatment of pregnant people. The star said: “You have to call the CEO of X, Y, Z and say, ‘Hey, hi. I’m just calling to let you know, I’m pregnant. I didn’t want you to find out on Instagram. I wanted toContinue Reading
Photo Credit: Andy Witchger | Licence Lizzo recently spoke with Zane Lowe on body image in the music industry. The singer said: “I feel like fat is the worst thing people can say about me at this point. This is the biggest insecurity. It’s like, ‘How dare a pop starContinue Reading
The British government, led by Boris Johnson, has announced a live events reinsurance scheme covering concerts and festivals that cannot go ahead due to COVID-19. According to the government, it is: “One of the only insurance schemes in the world to cover such a wide array of live events andContinue Reading
Universal Music Canada and The Core Entertainment have reportedly engaged in a joint venture. The new project will concentrate on breaking more talent internationally. The Core Entertainment will provide creative routes, management, and A&R development for the artists they bring to the Universal Music Canada roster as part of theContinue Reading
A group of British legislators are calling for a rethink of the music streaming business model. Why? Because they want all artists to receive a more equitable portion of the profits. According to a survey, 92 per cent of artists earned less than 5% of their income from streaming inContinue Reading
According to MRC Data, over 66 per cent of music listening is for older releases rather than new releases. According to the new astonishing data, catalogue records are more popular than today’s new music. Catalogue records represent music issued more than 18 months ago.Continue Reading
The live music industry in the United Kingdom should be back to pre-Coronavirus levels of revenue by 2025. The 19th of July is the date when live music will officially get back underway, and a slew of performances will likely follow after the limitations are no longer. Furthermore, revenues willContinue Reading
