Instrumental launches a £10m fund for independent artists

Last month, data-driven A&R startup Instrumental announced that Tencent Music and Tencent Holdings had acquired a minority stake in the British company. Now it’s launching a new initiative in its homeland called the ‘Instrumental Music Fund’, with £10m to invest in independent artists that have been talent-spotted using its technology. “For some time, we have known […]

Youth Music reveals recipients of its £2m incubator fund

In July, British charity Youth Music announced a £2m incubator fund aimed at 18-25 year-olds in the UK, particularly from under-represented groups, with their music industry ambitions. Now it has revealed the 31 businesses that will be receiving grants of between £5k and £30k from the first round of the fund. The companies are all focused on […]

BPI / Brit Awards donate £54k to Covid-19 Crew Relief Fund

As Covid-19’s second wave sweeps Europe (and the first wave seemingly never ran out of steam in much of the US) we may soon have to revive our regular ‘positive industry stories’ slot, just to keep our heads up. In advance of that, here’s some positive news from the UK, where the BPI and Brit […]

#TheShowMustBePaused latest: Sony Music, #ArtistsForBlackLives and more

Something that came through very clearly about last week’s #TheShowMustBePaused day when music companies of all kinds paused their regular work to respond to the protests about racism and police brutality was that it couldn’t just be about one day: it was about paving the way for a host of actions and changes over the […]

Today’s positive coronavirus-related industry news (18 May)

Industry body Songwriters of North America (SONA) has launched a new hardship fund for songwriters, which will distribute emergency grants of $1k to creators hit by the Covid-19 pandemic’s economic impact. The new fund was set up thanks to a donation from publisher Sony/ATV last month, reported Billboard. Also in the US, collecting society BMI partnered […]

Today’s positive coronavirus-related industry news (6 May)

It’s back! Some days we’re not running a ‘positive news’ roundup, which doesn’t necessarily mean everything’s bleak and terrible: it might be that we’ve broken out a bigger positive story on its own, or just that there’s a lull in announcements. Good things to tell you about today, however, include Bandcamp’s announcement that last Friday’s revenue-share-waiving sale […]

MusiCares forced to pause new applications for Covid-19 relief

We’ve been looking for the positive news around the Covid-19 pandemic in our industry, but we can’t avoid the challenges. That includes the news that one of those positive developments, the rapid raising of nearly $14m for the US-focused MusiCares Covid-19 Relief Fund, is rapidly being depleted. “It is the largest amount of money raised, […]

Today’s positive coronavirus-related industry news (21 April)

Spotify has added more partners to its Covid-19 Music Relief project. Having started with donations to MusiCares, PRS Foundation and Help Musicians, it is now also donating to funds and charities in France, Germany, Ireland, Sweden, Australia, Brazil and Canada. Meanwhile, David Guetta’s livestreamed concert at the weekend generated 9m views on Facebook and nearly […]

Today’s positive coronavirus-related industry news (30 March)

There’s something of a domino effect happening as collecting societies sign off their plans for hardship funds and other measures designed to support songwriters and composers during the current pandemic. French society Sacem has announced a €6m ‘rescue fund’ for hard-hit musicians, with grants of €1.5k, €3k and €5k available depending on the situation. Sacem has also […]

Today’s positive coronavirus-related industry news (26 March)

We’re keeping this going, not least because positive news is keeping us going, personally… British collecting society PRS for Music has launched an Emergency Relief Fund for its members, created with the PRS Members’ Fund and PRS Foundation. To qualify, applicants have to have been members of PRS for at least two years and earned over £500 […]

UK government promises £80m for ‘music hubs’ in schools

Underfunding of the arts in general, and the arts in education in particular, have long been a concern for those in the UK who know there is a direct line between such schemes and the export power of the country’s music business. The Department For Education, however, has announced that it is earmarking £80m for music hubs […]

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