Category: Business

Major Labels Are Now Earning $9000 A Minute From Streaming

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  For those that said that streaming revenue would never replace that from CDs there’s this – According to a study done by Music Business Worldwide, the major labels made around $9000 every minute from streaming in the first quarter of 2017. To put it into perspective, that means $540,000 per hour and $12.5 million every day! If this trajectory…


JON PLATT HAILS WARNER/CHAPPELL SONGWRITERS AFTER BUMPER AWARDS SEASON

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  Earlier this month, the firm was named Pop Publisher of the Year by BMI, at a ceremony where Justin Tranter and Ross Golan were named Songwriters Of The Year. Then, at the Ivor Novellos in London on Thursday (May 18), Warner/Chappell signing Skepta won Songwriter of the Year and Best Contemporary Song for “Man”. Meanwhile, fellow…


YouTube Study Raises More Questions About Value to the Music Industry

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Youtube Head of Global Music Lyor Cohen and Chance The Rapper attend GQ and Chance The Rapper Celebrate the Grammys in Partnership with YouTube at Chateau Marmont on Feb. 12, 2017 in Los Angeles. YouTube’s cold war with the labels is heating up again. As European Union legislators consider copyright legislation that could potentially constrain…


Spotify’s Troy Carter Concedes Artists Aren’t Being Paid Enough By Streaming Services

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  Troy Carter, Spotify’s global head of creator services, conceded in his keynote interview today’ at the Music Biz Convention, that artists aren’t being paid enough by streaming services. In a follow-up comment, however, he successfully evaded assigning blame to Spotify or any other streaming service or labels by saying, “We need to reconfigure the value…


How Logic’s Digital Pop-Up Store Helped Set a Universal Music Group Sales Record

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It’s no surprise that Def Jam rapper Logiccaters directly to his fans. In the two weeks leading up to his second studio album The Incredible True Story, released in November 2015, the Gaithersburg, Md., native shelled out well over $100,000 of his own money to rent a tour bus, driver and documentary team to chronicle a trek…


L.A. Reid Out at Epic Records

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  L.A. Reid is out as chairman/CEO of Epic Records after nearly six years at the helm of the Sony-owned label, Billboardhas confirmed. The move comes just weeks after former Columbia Records chief Rob Stringer assumed his new role as CEO of Sony Music Entertainment in April. Reid has overseen a successful run in recent years at Epic, with back-to-back…


Jay Z Signs 10-Year $200 Million Deal With Live Nation

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  Jay Z might be keeping his fans on their toes when it comes to his musical releases, but while they’re awaiting a new album, the veteran rapper has signed another epic contract. The Magna Carta Holy Grail MC has teamed up with Live Nation to announce their new touring partnership, a 10-year deal reportedly worth a whopping…


WHY WARNER DID A DEAL WITH YOUTUBE (AND WHY IT SHOULD THINK TWICE NEXT TIME)

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  On Friday evening, MBW broke the news that Warner Music Group had signed a renewed global licensing deal with YouTube – via an oddly downtrodden internal memo from WMG boss Steve Cooper. “[Our] experiences during these negotiations were proof positive of the acute need to clarify ‘safe harbor’ provisions under US and EU copyright legislation,” it read….


DJ Khaled’s “I’m The One” proves music video advertising is alive and well

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In the first seconds of DJ Khaled’s 2015 music video for “Gold Slugs,” you notice that the record producer is casually drinking a Four Loko (an almost unsettlingly saccharine, caffeinated alcoholic beverage notorious for its ability to cause blackouts) with lunch, the first of many signs that the video exists in a reality far from…


SOUNDCLOUD GO GOES SUPER-CHEAP IN $1 FOR THREE MONTHS PROMOTION

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  A subscription to the premium on-demand streaming service’s top tier offering typically weighs in at $9.99-per-month. But in a fresh promotion, new users to the service can sign up to three months of access for just $1. The discount mirrors similar promotions run by Spotify at various points in the last few years, which have helped…