Day: 6 novembre 2020

Vimeo raises $150m as parent company mulls spin-off

Video streaming service Vimeo may be spinning off as an independent company within parent group IAC. The news was revealed as IAC also announced that Vimeo had raised $150m in a new funding round, from Thrive Capital and GIC.
A letter to shareholders from IAC boss Joey Levin outlined Vimeo’s journey from being a (smaller) YouTube rival, to more of a B2B platform for brands and companies using video.
“Prior to the pandemic, we were steadily proving Vimeo’s fit in the market. Organic bookings growth consistently accelerated last year from 11% in Q1’19 to 27% in Q4’19 as we began to expand from our filmmaker roots to a broader audience of small businesses and large enterprises,” he wrote.
“Then the pandemic hit, and that acceleration exploded to 41% in Q1, 79% in Q2, and 56% in the most recent quarter.” More than 3,500 business clients are currently using Vimeo.
The post Vimeo raises $150m as parent company mulls spin-off appeared first on Music Ally.
Source: Music ally

Fangage relaunches after €300k crowdfunding campaign

Fangage is the startup founded by Dutch DJ and producer Sam Feldt: a fan platform for musicians and influencers to promote their music and content; communicate with fans; sell merchandise; and build audiences.
Founded in 2016, it’s been used by clients in the dance world including Oliver Heldans, Laidback Luke and Armada Music, attracting hundreds of thousands of fans to the platform.
Anyway, after a €300k crowdfunding campaign in 2019, Fangage has now relaunched. Among its features: VIP subscriptions where fans can pay a monthly fee for access to exclusive content from their favourite stars.
Fangage has now added support for more languages, and honed its pricing tiers for its customers: they can use it for free, or pay €39 or €79 a month for premium tiers with more features for building their fan communities.
The post Fangage relaunches after €300k crowdfunding campaign appeared first on Music Ally.
Source: Music ally

Apple Music gets more exclusive Ministry of Sound mixes

Apple Music and Ministry of Sound have a well-established partnership now, and it’s yielding some new mixes for listeners on the streaming service. There’s a mix version of Ministry’s new ‘The Annual 2021’ compilation, but also some mixes harking back to past glories for the dance brand.
Pete Tong and Boy George have remixed the first three compilations: ‘The Annual’, ‘The Annual II’ and ‘The Annual III’. All three are streamable on Apple Music, which is the first time they’ve been made available to stream anywhere.
The post Apple Music gets more exclusive Ministry of Sound mixes appeared first on Music Ally.
Source: Music ally

Irving Azoff talks Facebook, Snapchat and TikTok licensing

Ahead of being inducted into the Rock and Roll Hall of Fame this weekend, Irving Azoff has been talking to the Los Angeles Times for a profile. It includes some entertainingly spiky views on the state of music licensing in 2020.
“These people, when they start out — whether it’s Facebook, Snapchat, TikTok, whatever — they resist paying for music until you go beat the f*** out of them. And then of course, none of them pay fair market value and they get away with it,” said Azoff.
“Your company’s worth $30 billion and you can’t spend 20 grand for a song that becomes a phenomenon on your channel? Even when they pay, artists don’t get enough. Writers don’t get enough. Music, as a commodity, is more important than it’s ever been, and more unfairly monetised for the creators. And that’s what creates an opportunity for people like me.”
The post Irving Azoff talks Facebook, Snapchat and TikTok licensing appeared first on Music Ally.
Source: Music ally

Driift takes its livestreams to Australia and New Zealand

Management company ATC Management launched its Driift online-concerts spin-off earlier this year after successful events for Laura Marling and Dermot Kennedy.
Ahead of tomorrow’s Kylie Minogue ‘Infinite Disco’ broadcast, Driift is expanding to her homeland. In fact, it’s opening an office to produce and promote shows in Australia AND New Zealand.
“We believe this is a format with enormous untapped potential, and one where the pandemic has unlocked previously unforeseen demand for unique, one-off, artist-led events,” said Driift CEO Ric Salmon.
The post Driift takes its livestreams to Australia and New Zealand appeared first on Music Ally.
Source: Music ally

NetEase Cloud Music now has 200k independent Chinese artists

Chinese streaming service NetEase Cloud Music has published a report hailing the fact that the number of Chinese independent musicians on its platform has doubled in the last year.
There are now more than 200,000 of them, up from 100,000 in 2019, and just 20 million back in 2016. “Compared with 2017, over 40% of independent musicians in China saw an obvious revenue growth,” explained the report, which was released this morning.
“The total revenue of musicians participating in our Project Cloud Ladder, an initiative to encourage independent musicians to create better music, exceeded over RMB 100 million in the first 10 months of 2020.” That’s around $15.1m.
The post NetEase Cloud Music now has 200k independent Chinese artists appeared first on Music Ally.
Source: Music ally

Live Nation publishes financials, sees ‘signs of promise’

There are few surprises in the latest quarterly financial results for Live Nation. Revenues were down 95% year-on-year – slashed from $3.77bn in Q3 2019 to just $184m a year later.
The live giant reported an operating loss of $504.4m, compared to an operating profit of 260m a year ago. For the first nine months of 2020, Live Nation’s operating loss is now $1.27bn.
The company tried to find some bright spots: for example the fact that 83% of fans have hung on to tickets for rescheduled shows, rather than request refunds.
The post Live Nation publishes financials, sees ‘signs of promise’ appeared first on Music Ally.
Source: Music ally

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