Day: 4 août 2020

YouTube reveals Google Play Music will shut down in October

As long goodbyes go, Google Play Music’s has been LONG. It was July 2017 when YouTube’s global head of music Lyor Cohen first revealed plans to merge Google’s music streaming (and cloud locker) service with YouTube’s equivalent – then called YouTube Red, but since rebranded as YouTube Music. Nearly three years later, in May 2020, YouTube […]
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Source: Music ally

WMG boss: ‘We’re very happy that Spotify is investing in podcasting’

Having published its latest financial results this morning, Warner Music Group held its quarterly earnings call this afternoon, with CEO Steve Cooper and CFO Eric Levin fielding questions from analysis.
One of those questions focused on Spotify’s podcasts expansion, and whether it’s causing tensions around the potential impact on royalties paid out to companies like WMG. It’s safe to say Spotify will be pleased with Cooper’s answer.
“We’re very happy that Spotify is investing in podcasting. It gives them an opportunity to create another vertical that they can create not only an ad/free service around, but presumably over time a premium service,” he said.
“I believe personally that there will be people that come to Spotify for a podcast and stay for music, and that there will be people that come to Spotify for music and stay for a podcast. It does not impact our economics either on the free side or the subscription side,” continued Cooper.
“But hopefully what it will do is create appeal to a broader audience… I am sure that there will be an overlap in those Venn diagrams to drive people from podcasting to music, and music to podcasting. I also believe that that being said, that Spotify’s basic foundation stone or basic foundation will always be music. I don’t see that changing anywhere near the foreseeable future.”
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Source: Music ally

WMG revenues down 4.5% year-on-year but digital still growing

Warner Music Group has published its latest quarterly financial results, for its fiscal third quarter (calendar Q2). They reveal the impact that the Covid-19 pandemic continues to have on its business.
WMG generated revenues of $1.01bn last quarter, down by 4.5% year-on-year. However, its digital revenues grew by 11% to $720m as part of that, accounting for 71.3% of the company’s total revenues.
WMG recorded a whopping operating loss of $433m, although that was due to ‘a higher non-cash stock-based compensation expense of $426 million related to the Company’s long-term incentive plan’ as well as $86m of costs associated with its IPO in early June.
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Source: Music ally

Clash Video short-video app signs up 200k users in its first week

It seems to be the season for TikTok alternatives to be staking their claims for young video creators. The latest example is a new app called Clash Video, which soft-launched last week for iPhones in the US.
“We’re building the first Creator-Founded social network, empowering short form video creators through innovative monetization options, inclusive communities, and fun, creator inspired features,” explains the blurb on its website.
News site Tubefilter has more details. Clash’s co-founder is Brendon McNerney, who was big on Vine back in the day – an app that has influenced Clash. The latter enables people to post looping videos up to 21 seconds long, although there isn’t (yet) a catalogue of music clips to use.
The post Clash Video short-video app signs up 200k users in its first week appeared first on Music Ally.
Source: Music ally

Apple Music hosts virtual listening party for Victoria Monét

Apple Music is working with artist Victoria Monét on “an exclusive virtual listening party” taking place this Thursday (6 August) to celebrate the release of her new album ‘Jaguar’ the following day.
The event will be presented by Apple Music’s ‘Today’s Hits’ playlist and hosted by Beats 1’s Nadeska Alexis. According to Broadway World, this is the first in a series of these listening parties, which “could include everything from unreleased tracks, to special guests and surprise performances and will also give fans the opportunity to chat live with their favourite artists”.
Apparently up to 1,000 fans will be able to take part, by reserving tickets online, but they will need to be Apple Music subscribers.
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Source: Music ally

WMG appoints head of global equity, diversity and inclusion

Warner Music Group’s push for diversity and inclusion across its company has a new boss. Dr Maurice Stinnett will be WMG’s new head of global equity, diversity and inclusion, having joined from a similar role at BSE Global, owner of NBA team the Brooklyn Nets and the Barclays Center venue.
Stinnett certainly has seniority: he’ll report directly to WMG chief executive Steve Cooper.
“Our business can and should lead the way in opening up a new era of diversity and inclusion. We’re at a turning point in history, and there’s a genuine commitment and desire for real transformation and transparency at WMG,” said Dr Stinnett in a statement.
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Source: Music ally

Motown’s latest artist accelerator will be run virtually

Storied label Motown Records is holding its second accelerator for artists this year, although thanks to Covid-19 the program will be virtual this time round.
The 12-week program will see four artists from Detroit – Madelyn Grant, Curtis Roach, B Free and Sara Marie Barron – sharing $20k in grants and working with the label and its mentors. Motown said they were chosen from 474 applications for this year’s Motown Accelerator.
“It’s crucial, now more than ever, to help artists navigate their careers,” said the program director Suai Kee. “We’ve had to make programming adjustments, of course, all meetings are virtual, including what would have taken place during trips to New York and Los Angeles in past programs.”
The post Motown’s latest artist accelerator will be run virtually appeared first on Music Ally.
Source: Music ally

Publisher Round Hill Music sues TuneCore and Believe

It’s clearly the time of year for lawsuits and legal threats. Publisher Round Hill Music is suing distributor TuneCore and its parent company Believe.
The lawsuit claims that the two companies “reproduced and distributed musical compositions owned or controlled by Round Hill… despite knowing that the Round Hill Compositions were never properly licensed. Moreover, beyond failing to properly license Round Hill Compositions, Defendants have not properly paid for the corresponding uses.”
219 of the songs in Round Hill’s catalogue are cited as part of the lawsuit. MBW reported that the works include ‘I Saw Her Standing There’ and ‘She Loves You’ by Paul McCartney and John Lennon, as well as songs written by Ted Nugent, Florida Georgia Line and Ari Levine. TuneCore and Believe have yet to comment at the time of writing.
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Source: Music ally

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