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Music News
Bitcoin Blockchain provides a link between the artist and the label/distributor. The track data is inputted into the system and then however the label & distributor handle it from there is up to them - but all the statistics will be collected automatically to know exactly what the artist is owed.
Google Maps inventor launches music app. Music gets interactive with Weav. This little app allows the consumer to play around with the tempo of a track without distortion. "Allows musicians to create tracks that can be played back at any speed… and still sound awesome."
Electronic Dance Music: The $6.9 Billion Industry. Data has been compiled to show that alone the US EDM industry is worth $1.9 billion, and the global edm industry is worth a whopping $6.9 billion. This figure has grown 12% since 2014.
The New Spotify With all eyes on the streaming game, Spotify announced developments to revamp its platform. The new service will find music to match your mood, videos & podcasts and running tracks. Which leads onto Spotify signing their own music with Spotify Originals. It seems with all the discussion over sales and fairness, Spotify are trying to do everything they can to keep their brand a strong contender. In this fast-paced world, Spotify have already been making a loss, this could either boost them up, or they might just be reaching too high.
We'll Feature Your Music In Our Movie, It Only Costs £10k! An independent film company recently sent out a 'golden opportunity' to labels to help give exposure to musicians via their new film. The pitch began smoothly with the company acknowledging the difficulty that musicians face to break out and get heard. They then went on to discuss the film synopsis which revolves around a "music business revenge story". The selected artist would gain exposure, a live performance as well as their merchandise being given out. This all sounds great - so how much will the artist be entitled to for taking part in this exciting movie? Nothing. In fact, the company felt that this opportunity was so special that artists must bid at an auction starting at a minimum of £10,000 to win! There are also further runner-up prizes costing between £500-£2,000. To top it off, the artist will have NO rights & royalties to any of the work and will not get a penny no matter what. Even all expenses like merchandise and CDs must be paid by the artist/label. Speaking for the entire music industry, we politely say.. Jog on!