Digital Music News – studio recording, publishing, streaming, live concerts, talent development
The latest music news from Digital Music News, affecting recording industry, music publishing, mp3 streaming, concert industry, talent development, venture capital, and music technology, with reporting on artists new releases and where to get new mp3 songs.
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Mechanical Licensing Collective ‘Unmatched Royalties’ Approached $562 Million in 2021, Document Reveals
The Mechanical Licensing Collective (MLC) had accumulated at least $561 million in unmatched royalties as of 2021’s end, according to tax document shared with Digital Music News. The music industry can count The MLC as another major contributor to the multi-billion-dollar ‘black box.’ Earlier this week, an anonymous source reached out to Digital Music News
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Stevie Van Zandt Partners with Primary Wave Music
Stevie Van Zandt partners with leading independent publisher Primary Wave Music for a stake in producer royalties from his collaborations with Bruce Springsteen and much more. Primary Wave Music has partnered with singer, songwriter, and producer Stevie Van Zandt. The multimillion-dollar deal sees Van Zandt and the world’s leading independent publisher join forces to manage
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Drake Proposes Spotify Offer Bonuses to Artists for Streaming Thresholds
Drake is the first artist to reach 75 billion streams on Spotify. Now the rapper says the platform should offer bonuses to artists who reach streaming thresholds—like athletes. Drake made the proposal via an Instagram Story on Wednesday evening, following a tweet from chart data. “We should get bonuses like athletes to motivate the future artists to […]
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Trippie Redd Says Hackers Held His Music for $1 Million Ransom
Trippie Redd reveals that hackers held his music for a $1 million ransom. In an interview with Apple Music 1’s Zane Lowe, rapper Trippie Redd revealed that his newest album, Mansion Musik, has a noticeably unfinished sound because he rushed to release it ahead of the hackers who allegedly targeted him. Lowe referred explicitly to the […]
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Beyonce Announces the First Extension of Her Renaissance World Tour Due to Incredible Fan Demand
Beyonce announces the first extension of her Renaissance World Tour due to the incredible demand, with seven additional North American stadium shows. Due to the incredible demand, Beyonce’s Renaissance World Tour has already had seven new stadium shows added to the North American leg. The superstar’s first solo tour in over six years kicks off […]
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Alphabet Touts YouTube Subscription ‘Momentum’ as Broader Revenues Sag
Alphabet has posted disappointing Q4 2022 results that missed analysts’ expectations as YouTube ad revenue declines again. Alphabet posted quarterly revenues of $76.05 billion, up just 1%, with net income of $13.62 billion (down 34% in Q4 2021). YouTube ad revenue was $7.96 billion in Q4, down 7.8% from $8.63 billion year over year. Analysts […]
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Shamrock Capital Raises $600 Million for Entertainment Fund, Plans ‘To Collaborate With the Creative Community’
Shamrock Capital Advisors has raised “over $600 million in commitments” for its Content Fund III, which, as its name suggests, is expected to scoop up “a diverse and global portfolio of content and media rights.” Los Angeles-based Shamrock Capital, which says that it now manages $4.4 billion in assets and “invests exclusively in media, entertainment, […]
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Federal Lawmakers Reintroduce the American Music Fairness Act With Four Additional Cosponsors
Federal lawmakers have reintroduced the American Music Fairness Act, which would compel stateside terrestrial radio stations to begin coughing up royalties for the use of recordings. This latest push to make the American Music Fairness Act law just recently came to light, including in a formal release from musicFIRST. Backed by the major labels, the […]
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Spotify Stock (NYSE: SPOT) Has Surged by 22% This Week Despite Huge Q4 Loss
Although Spotify reported a €231 million Q4 2022 operating loss earlier this week, its shares have rebounded by north of 20 percent since the performance analysis released. During today’s trading hours, the per-share value of Spotify stock (NYSE: SPOT) increased by about 3.71 percent from Wednesday’s close to finish at $122.57. The figure represents a […]
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CAA Is Now Repping Virtual Artists — Deal With Web3 Label Hume Finalized
CAA aims to create opportunities for Hume’s roster of virtual artists with top brands. Are broader audiences ready for this? Virtual artist experiment FN Meka went down in flames, a new cast of unreal musicians is rising. Now, web3 entertainment company Hume has signed with leading entertainment and sports agency Creative Artists Agency (CAA). To […]
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Spotify’s ‘Preferred Distributor’ List Now Includes 23 Companies
Spotify’s ‘Preferred Distributor’ List now includes 23 companies — up from only five just a few years ago. Since 2018, Spotify has enabled artists to upload their tracks onto the platform directly through Spotify For Artists, which is accessible through a Spotify-approved list of distributors. However, the list of recommended distributors began with only five.
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BELEM Consortium Has €2 Million for Lyric Translations — Now Calls for Songwriters, Lyricists, and Publishers to Join the Effort
EU-funded BELEM consortium has €2 million of funding to explore lyric translation — now it’s calling for songwriters, lyricists, and publishers to join the effort. BELEM, the European Union-funded consortium of 14 music industry players — including Deezer, LyricFind, and Unison — announced their €2 million funding received through the Creative Europe Programme (CREA) in
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Budweiser Taps Metro Boomin For High-Profile Super Bowl Ad
Budweiser has tapped actor Kevin Bacon and hip-hop producer Metro Boomin for its upcoming Super Bowl ad. The ad brings back the slogan, ‘This Bud’s For You.’ The commercial will air during the Super Bowl LVII game on February 12 in Arizona between the Philadelphia Eagles and the Kansas City Chiefs. The ad features six […]
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Sony Music Posts Q4 2022 Revenue Jump Amid Continued Streaming, Publishing Growth
Sony Music Entertainment achieved a double-digit year-over-year (YoY) revenue improvement during 2022’s final three months (the third quarter of Sony Group’s 2022 fiscal year), as publishing and recorded streaming income turned in a combined ¥55.20 billion ($429.01 million at the current exchange rate) jump. The Big Three label’s Q4 2022 showing came to light in […]
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Rock & Roll Hall of Fame Nominees for 2023 — Kate Bush, White Stripes & More
The Rock & Roll Hall of Fame has announced its 2023 nominees for induction. For acts to be eligible, they must have released their first commercial recording at least 25 years prior to the year of nomination. Eight out of the 14 nominees this year are on the ballot for the first time. They include […]
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