Category Archives for "Music Industry News"
July 18, 2016
Warners Stops Selling To Small Record Stores
In another blow to the mom and pop music store, Warner Music has cut off more than 100 accounts that do less than $10,000 in business per year with the company, according to a post on Pitchfork. That means that in order to have a direct account with Warners to get the best pricing, a […]
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July 8, 2016
The Album Is Dying, And Good Riddance
The music business was once all about the single song, transitioned to the album, and looks to be transitioning back again, as album sales sink lower and lower. While the writing may be on the wall that the concept of an album may be as outmoded as a buggy whip, artists, bands and record labels […]
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July 4, 2016
Buying Tidal Is A Terrible Waste Of Apple’s Money
A report from the Wall Street Journal yesterday has Apple in talks to buy Jay-Z’s Tidal streaming service, and even though Tim Cook’s company has a truck load of cash on hand, this is one acquisition that seems to be a waste of money. When Apple purchased Beats two years ago for around $3 billion, […]
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June 13, 2016
Big Tax Break Coming For Recording In New York
Everybody likes to save money and saving money on taxes is no exception. That’s why numerous states (like North Carolina and Louisiana) and countries (like Canada) have issued their own versions of a tax break to entertainment companies to lure production to their locations in recent years. Now New York is getting into the act, […]
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May 25, 2016
Pirate Radio Stations On The Rise Again
Once upon a time pirate radio stations were big business and a big influence, with Radio Caroline, Radio Luxembourg and XERF all helping birth the modern radio and music industries. Most pirate stations have been long closed, and it was thought that they’d be gone for good thanks to the Internet. Surprisingly, pirate radio is […]
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May 24, 2016
Pandora’s Largest Investor Worried About Its Future
Pandora’s largest investor is so concerned about its future that it sent a letter to the company’s CEO and board members asking them to reconsider its strategy and explore the possibility of a sale. According to a report in Music Business Worldwide, Corvex Management LP, the investor that sent the letter, owns 8.3% of Pandora and is fed up […]
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May 20, 2016
Facebook’s New Slideshow Feature Just For Music Videos
It’s obvious that Facebook has been gunning for YouTube for some time now, and the service now claims that it now has more video viewers (although that’s debatable). That’s not enough though, as Facebook will soon introduce a feature called Slideshow that will allow users to create their own soundtracks from a list of licensed popular songs. Although only […]
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May 18, 2016
Steve Miller’s Rock n’ Roll Hall Of Fame Rant
I’ve been no fan of the Rock n’ Roll Hall of Fame, as you probably know if you read this blog. I don’t believe there should be such an institution, since there’s really no way to quantify who should be in it, unlike a sports HOF where there are plenty of statistics to gauge someone’s […]
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May 17, 2016
YouTube Adopts A New Tool For Faster Royalty Payments
One of the things that bugs artists, songwriters and labels about YouTube is that it’s pretty difficult to get precise information about views and payments. In many cases, views aren’t counted and in other cases payments take too long to arrive. YouTube is hoping to alleviate those problems by implementing a new tool based on the […]
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May 16, 2016
Universal Music Makes Nearly $4 Million A Day From Streaming
Who says that there’s no money in streaming? It seems that all of those micro-payments add up after all as Universal Music Group is making about $3.9 million per day just from streaming music, according to its parent Vivendi’s first quarter earnings statement. In fact, UMG’s streaming revenue was up almost 60% over the previous quarter, […]
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May 12, 2016
Spotify To Launch 12 Original Video Shows
Spotify recently announced that it was getting into the original content business by launching 12 new shows, and guess what? They’ll all be on video. According to the company, the video shows will be “centered around three main themes – music performances, music profiles and music culture,” and the episodes will be up to fifteen minutes long. The foray […]
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May 11, 2016
Amazon Launches YouTube Rival With Amazon Video Direct
User generated videos must be a really big business because another huge online player just jumped into the arena with YouTube and Facebook. Yesterday Amazon announced the launch of its new video posting service, called Amazon Video Direct, in the United States, United Kingdom, Germany, Austria and Japan. The launch partners include Conde Nast Entertainment, HowStuffWorks, Samuel Goldwyn […]
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May 9, 2016
Apple Music To Get A Facelift Soon
While Apple Music has garnered 16 million paid subscribers rather quickly since its launch last year, the service hasn’t been without criticism, especially about its ease of use. Despite being a huge company, Apple does listen to its customers though, and as a result, it’s been reported that Apple Music is about to receive a needed […]
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May 6, 2016
Virtual Reality Concerts To Begin This Summer
I’m a big proponent of virtual reality, especially when the audio is done well, and many have predicted that the technology will eventually be a boon to concerts. We’re going to see soon enough as virtual reality concerts will actually begin to roll out this summer. NextVR, which has been a leader in VR broadcasting […]
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May 4, 2016
Record Store Day May Have Peaked
Since 2008, Record Store Day every April has been a huge hit. In fact, many in the music industry feel that it’s been a big reason for vinyl’s resurgence, calling attention to a side of the business that had been essential dead and buried and has now returned to a level of surprising growth. Even […]
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