Here’s the music industry news roundup from the week of Sept 30th, 2016. There’s a wide range of topics this week that run the gamut from album sales to social networks to acquisitions to bankruptcy, so let’s get to it.
Adele gets her second Diamond album in the US. Her album 25 just went past the 10 million mark, making her only the third woman to do so. The other ones? You’ll never guess – Britney Spears and Celine Dion!
Drake makes history too. He’s the first artist with an album (Views) that reached 1 billion streams on Apple Music. Image what his totals are when you add the other streaming platforms in.
Spotify may be buying Soundcloud. The reasoning is that SC could make it easier for young artists to get on Spotify, but it seems like too much money (probably over $1 billion) for a service that has already peaked.
The music industry comes down hard on Youtube-mp3.org. It’s a website that allows people to rip the audio from YouTube videos into downloadable files. The site is based in Germany and makes money from advertising, but record labels all over the world have banded together to file a lawsuit to shut it down.
A bid for Twitter looks to be coming soon. The suitors for the social network are said to include Google and Salesforce.com, as well as other technology companies. Could this mean the eventual end of the platform?
Everyone’s angry at Facebook for overestimating video view time. The company’s been doing it for a couple of years, and taking advertisers to the cleaners in the meantime. Those figures always looked too good to be true.
Rdio’s bankruptcy is messy. Here’s what happens when a music streaming network goes belly-up. There’s a lot of weeping and gnashing of teeth over money, which is no surprise.
Rolling Stone Magazine partially acquired by BandLab. Doesn’t make much sense on the surface, but Mark Mulligan’s always insightful blog sees the strategy in it, although he doesn’t think the pairing will last.
A Blockchain editor proves the technology won’t be savior of the music business. The tech behind Bitcoin defeats the purpose of how it works if it can be edited. Many companies have popped up recently with hopes of all music being coded with Blockchain, but none could gain industry traction. Their chances are much worse today.
Don’t look now, but Snapchat has some new hardware. The company is trying to go one-up on Google Glass with pair of sunglasses that can record short videos to upload to the platform. They look pretty cool, while Google Glass was just creepy.
Radio’s dying because it’s stuck in the past. It can’t seem to find a way to transition to mobile the way that the music and television industries have.
That’s the News Roundup of what went on in the music industry last week. Let’s see what next week brings.