Here’s the music industry news roundup from the week of Sept 16th, 2016. There’s a lot of news in the streaming space, but also some interesting news with club music in Australia and the UK charts as well.
Tidal had huge loses last year. It appears that the streaming service is not doing well and burning around $2 mil per month. No wonder Jay-Z is looking for a buyer.
And it has a lot of unpaid bills. Over 100 in fact, including rent, accountants, recording labels, advertising agencies, and just about everything else you can think of. Tidal was never a serious streaming contender, and was only a money play for Jay-Z that looks like it’s not going to turn out well.
Why hasn’t Apple Music introduced hi-res music yet? It seems that the introduction of the iPhone 7 would have been the perfect time, since the transition over to digital earphones is now underway and audio reproduction is a big feature.
Pandora announced a number of licensing deals. With everyone except Warner Music, that is. Even most of the indie labels are now licensed, which leads you to believe that its new service will be launched just about any time now.
Spotify wants to go public, which means a change in service. The streaming leader may get rid of the free tier to make itself look better to the market, which the major labels will love as well.
YouTube told it has to pay more in the EU. The EU is going to reform copyright laws and video sites like YouTube will have to pay more to be in compliance. Very cool.
Is stream-ripping a real thing? It seems like it’s something that the music industry made up so everyone thinks piracy isn’t dead. People just aren’t a serious threat to pirate music from YouTube, not matter what the article says.
Sydney’s lockout laws are causing a dustup. The bars now have to close by 2AM instead of 3:3oAM, but just how much business can you lose at that time of the morning? Then again, those Aussies do like to party.
A change in the UK charts could influence the US as well. Top 40 charts don’t turn over much any more since they reflect streams of songs that are listened to over and over. The UK wants to reward new discovery, which might change how charts are determined.
Ameba Records in Hollywood will not see the wrecking ball. At least not until its lease runs out. Ameba sold its prime real estate on Sunset Blvd last year, so this might not end well, but at least any ending won’t happen in the near future.
That’s the News Roundup of what went on in the music industry last week. Let’s see what next week brings.