Day: 4 février 2021

Podcaster Joe Budden joins Patreon as ‘head of creator equity’

Joe Budden was one of Spotify’s first big podcast signings back in August 2018, with an exclusive on his popular hip-hop show. However, two years later Budden binned off the streaming service in public fashion, claiming “Spotify is pillaging. You pillage the audience from the podcast, and you’ve continued to pillage each step of the way”. Where […]
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Source: Music ally

SoundCloud gets into gaming with Player One tournament

SoundCloud’s latest expansion is taking it into the buzziest areas of the modern media industry: gaming and esports. The streaming service is launching its own online gaming tournament, Player One, which will see eight popular musicians on SoundCloud competing in Fortnite for an audience watching on Twitch and SoundCloud. Rapper Rico Nasty is on board as […]
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Source: Music ally

Todd Rundgren sets off on a geo-fenced virtual tour of the US

During the ‘live and livestreaming’ track at last week’s NY:LON Connect conference, one of the recurring points was the idea of geo-fencing virtual tours, with shows focusing on fans in a specific city or region. We expect to see plenty of experimentation with this in 2021, and artist Todd Rundgren’s upcoming tour is one of […]
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Source: Music ally

Defected Records to launch slate of original shows for Twitch

Twitch continues to be a touchy subject for major rightsholders in the music industry, but Amazon’s livestreaming service is also forging partnerships with independent labels – particularly in the dance world. Defected Records, for example, which used Twitch for its online music events last year as the Covid-19 pandemic took hold. Now Defected is planning six […]
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Source: Music ally

Early social streaming service Turntable·fm is coming back

It’s now a full decade since the launch of Turntable·fm, the music streaming service built around avatars and chat rooms. It got lots of buzz at its peak, but ultimately foundered – in part because it struggled with licensing. Could the idea work better in 2021? We’re going to find out. One of the original team, […]
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Source: Music ally

Awal acquisition is ‘not good news’ says Absolute boss

Following Awal’s acquisition by Sony Music, rival independent distributors are having their say on what it all means – and some of them are worried. Absolute Label Services boss Henry Semmence wrote an op-ed for MBW explaining why the deal is not “music to Absolute’s ears” as some people might expect. “Make no mistake, the continued consolidation […]
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Source: Music ally

Music Venue Trust takes 13 more venues off its crisis list

Here’s some more positive news from the campaign in the UK to preserve the future of independent music venues hit by the Covid-19 shutdown. The Music Venue Trust has taken 13 more ‘grassroots music venues’ (GMVs) off its ‘red list’ of venues in imminent danger of permanent closure. That’s nearly half of the 30 venues it […]
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Source: Music ally

Morgan Wallen axed from streaming playlists after racial slur

Country star Morgan Wallen had been all over radio and streaming playlists alike in the early weeks of 2021, with his ‘Dangerous: The Double Album’ topping the US charts. However, this week a video emerged of Wallen using a racial slur, and broadcasters and streaming services have been quick to react by pulling his music […]
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Source: Music ally

Sony Music revenues grew strongly in final quarter of 2020

Here’s another one for the list of music companies thriving during the Covid-19 pandemic. Sony Music reported overall music revenues of ¥187.11bn ($1.79bn) in the final quarter of 2020 – its fiscal Q3. That’s up 13% year-on-year (in yen). Within that, recorded music revenues grew by 12.8% to ¥142.1bn ($1.36bn) while publishing revenues grew by 13.3% to […]
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Source: Music ally

Spotify shares tumble after warning of uncertainty ahead

We reported yesterday on Spotify’s latest financial results, including decent growth in users, subscribers and revenues. Yet by the end of the day, the company was worth $5.37bn less than the day before, as its share price fell by 8.2%. Caveat: that still means a market cap of $60.15bn, more than double what Spotify was worth a […]
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Source: Music ally

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