NEST HQ Explores Blockchain Technology & The Music Industry

In their latest documentary, NEST HQ explores the ever-growing world of blockchain, the underlying technology behind Bitcoin and Ethereum, and its potential uses in the arts and entertainment space. The documentary follows Grammy-winning musician RAC as he releases his latest studio album on the Ethereum network, then introduces Ethereum co-founder Joseph Lubin and Jesse Grushack of UJO Music, a blockchain music distribution start-up, as the three discuss…

Spotify is now evaluated to be worth $16 billion

Spotify is now is being valued at $16 billion, according to a recent Reuters report. This figure is $3 billion higher than similar trades until June of 2017. GP Bullhound, a technology investment and advisory firm, led an investor survey that estimated Spotify to be worth $50 billion in only a few years. The music industry’s leading music streaming…

GOOGLE AND TRADE BODIES CLASH OVER GOOGLE-COMMISSIONED STUDY ON YOUTUBE PAYOUTS

YouTube has been the dominant music discovery social platform for about as long as the social media era has been in effect but that doesn’t mean its current positioning within the music business hasn’t come at a cost. Having constantly come to gripes with performance rights organizations, songwriters, and publishers for low royalty payouts and…

Global Music Report shows the rise of music streaming

Music streaming continues to be a hugely important aspect of the music industry’s revenue. In a new findings from the International Federation of the Phonographic Industry’s Global Music Report, the organization revealed that streaming now accounts for half of the industry’s annual global revenue. Key statistics from the report show that digital income now accounts for 50 percent…

Djemba Djemba unloads his true thoughts of the music industry

“Can’t wait for the youth revolt. Kids always have the ideas, but they often get appropriated by ‘entrepreneurs’ looking for a buck,” opens Djemba Djemba on what unfolds to be an elongated cautionary note to young musicians on his Twitter about the inner workings of the industry. The producer’s main contention with the music industry is that…

YOUTUBE EARNT $9BN IN REVENUE LAST YEAR, TOWERING OVER SPOTIFY

YOUTUBE EARNT $9BN IN REVENUE LAST YEAR, TOWERING OVER SPOTIFY Google’s flagship video service YouTube pulled in $9bn in revenue last year, according to an analyst with in-depth knowledge of the service’s finances. Ken Sena, an analyst at investment bank Evercore ISI, estimates that the platform will have paid out around $5bn in the year…

SPOTIFY EXPANDS THEIR PLATFORM WITH NEW VIDEO SERIES

SPOTIFY EXPANDS THEIR PLATFORM WITH NEW VIDEO SERIES With news that Spotify continues to grow, the company continues to innovate and push their streaming service beyond merely providing streameable songs, albums, and other content. The service added video content back in January, and now are pushing for more original content in the form of a brand new…

JAKE SCHNEIDER OF MADISON HOUSE

JAKE SCHNEIDER OF MADISON HOUSE Jake Schneider shares a wealth of knowledge regarding the music industry and how to be successful Jake Schneider, a Partner and Director of Agency Development at Madison House, plays a critical role in bringing our favorite artists to the stages we gravitate to. At Madison House, a well known independent…

SFX LAYS OFF 50 EMPLOYEES IN LATEST BANKRUPTCY RESTRUCTURE

SFX LAYS OFF 50 EMPLOYEES IN LATEST BANKRUPTCY RESTRUCTURE After filing Chapter 11 bankruptcy, SFX has made the decision to lay off 50 employees from their New York offices as part of their restructuring efforts. The news comes just days after Robert Sillerman’s official resignation from CEO, and shortly after the announcement of Stereosonic’s cancellation….

SPOTIFY & NMPA REACH $30 MILLION SETTLEMENT AGREEMENT OVER UNPAID ROYALTIES

SPOTIFY & NMPA REACH $30 MILLION SETTLEMENT AGREEMENT OVER UNPAID ROYALTIES More news in the streaming world today as Spotify announced that it and the National Music Publishing Association (NMPA) have reached a settlement over unmatched (songs that haven’t received payment because Spotify didn’t identify their publishers) and unpaid song royalties. Spotify is expected to pay out around $30…

SoundCloud may be a paid service within nine months

SoundCloud may be a paid service within nine months According to sources at Digital Music News, SoundCloud may launch a paid subscription service by October this year. The online streaming service currently is free to all users, though the company introduced audio ads in August 2014. The speculation is corroborated by the March 7 hiring of Allison…

LEGENDARY BEATLES PRODUCER GEORGE MARTIN DEAD AT 90

LEGENDARY BEATLES PRODUCER GEORGE MARTIN DEAD AT 90 George Martin with The Beatles during the mid 1960s (via Capitol Records) Ringo Star confirmed the late producers death George Martin, arguably the greatest producer of all-time, has passed away at the age of 90. He is known for landing The Beatles their very first recording contract,…

Tiesto Honored For Contribution To Electronic Music

Tiesto Honored For Contribution To Electronic Music It is a common saying in the entertainment industry that the more haters you have, the better you are doing. That statement seems to be quite true for Tiesto. While it may seem like there are many people who are unhappy with his departure from trance, there are…

IT’S 2016, WHY THE HELL DO WE HAVE BEAUTY PAGEANTS FOR FEMALE DJS?!

IT’S 2016, WHY THE HELL DO WE HAVE BEAUTY PAGEANTS FOR FEMALE DJS?! Females have long been the minority in the boy’s club that is the music industry. Both in areas of artistry as well as business, women are less represented than men across the board. Electronic music, however, appears to be particularly exclusive. With…

THIS EDM STAR IS CHANGING THE GAME FOR THE MUSIC INDUSTRY

THIS EDM STAR IS CHANGING THE GAME FOR THE MUSIC INDUSTRY At the end of 2015, Norwegian superstar Kygo, broke Spotify records by being the first artist to hit 1 billion plays. And he did it without even releasing an album. In a day and age where music fans use stream services such as Spotify,…

Apple Music Is Catching Up To Spotify With 11 Million Users

Apple Music Is Catching Up To Spotify With 11 Million Users Apple Music launched on June 30th, 2015. Now, less than a year later, the service has grown to over 11 million subscribers. Just to compare, it took Spotify six years to reach that number. However, it’s no wonder Apple can achieve such vigorous growth,…

PANDORA IS PREPARING TO SELL

PANDORA IS PREPARING TO SELL It’s not the first time that Pandora’s viability has been questioned, but rumor has it that the OG music discovery service is working with Morgan Stanley to meet with prospective buyers. However, it’s a strange time for Pandora to be selling. The company’s market value is down to $1.7 billion, compared to $7…

SFX Entertainment Is $490 Million In Debt

SFX Entertainment Is $490 Million In Debt SFX Entertainment has been in the news quite a bit lately and for good reason. After filing for Chapter 11 bankruptcy, getting rid of $300 million in debt and receiving $80 million in loans, SFX Entertainment still owes over $490 million to creditors. Of the $490 million that…

Ways to Make Money in the Music Industry

Ways to Make Money in the Music Industry The music industry has long been a popular and largely successful industry. Countless people have made a great deal of money from this highly lucrative industry. Of course, when you think of working with and making money from the music industry, one would naturally think of singing…

RIAA Says Streaming Will Now Count Toward Platinum and Gold Certifications

RIAA Says Streaming Will Now Count Toward Platinum and Gold Certifications Big news today coming out of the RIAA… The Recording Industry Association of America will now recognize streaming as counting toward its Gold and Platinum certifications. In light of the massive success of streaming over the past years, the RIAA has decided to look…

EVEN ADELE CAN’T STOP ‘OLD’ ALBUMS OUTSELLING NEW ARTIST RELEASES

EVEN ADELE CAN’T STOP ‘OLD’ ALBUMS OUTSELLING NEW ARTIST RELEASES 2015 was a historic moment in the history of the LP in the United States, but not one that will delight many A&R executives. It was the first year in living memory in which catalogue album sales overtook those of ‘current’ releases. According to Nielsen…

Coachella Is The Highest-Grossing Music Festival In The World

Coachella Is The Highest-Grossing Music Festival In The World It seems like more and more music festivals keep popping up every year. According to Forbes, the top ten highest-grossing festivals in the United States brought in over $195 million in ticket sales alone. That means other factors such as merchandise sales, food and beverage profits and more…

Danny Tenaglia – The History of New York House Music

Danny Tenaglia – The History of New York House Music We are proud to present this exclusive video taken from the interviews we did for the documentary ‘Chus & Ceballos 10 years in New York’* Danny tells first-hand the history of their city through their own experiences and impressions and why New York is so…

Co-Founder of Pirate Bay Creates New Machine to Debunk Industry Claims

Co-Founder of Pirate Bay Creates New Machine to Debunk Industry Claims Earlier this week, we covered a story about the possible change of dealing with online piracy. A novel idea that instead of prosecuting your fan base who illegal downloads your intellectual property, the artist teams up with Muzit to use torrent data to create…

Universal Music Sets Licensing Deal with SoundCloud

Universal Music Sets Licensing Deal with SoundCloud Ever since it arrived in 2008, SoundCloud has been a popular website for music streaming amongst music listeners. In the past few years however, SoundCloud has clashed with the music industry. One of the battles SoundCloud has endured was that of the major record label group, Universal Music….

New Study Predicts The Exact Year Paid Digital Download Will End

New Study Predicts The Exact Year Paid Digital Download Will End According to Nielsen SoundScan (a system that tracks music sales in the United States and Canada), paying to download music will soon be a thing of the past. Nielsen SoundScan predicts that by 2021, streaming music will have fully taken over and that there…

BBC RADIO 1’S HEAD OF MUSIC QUITS TO JOIN SPOTIFYBBC RADIO 1’S HEAD OF MUSIC QUITS TO JOIN SPOTIFYBBC RADIO 1’S HEAD OF MUSIC QUITS TO JOIN SPOTIFY

BBC RADIO 1’S HEAD OF MUSIC QUITS TO JOIN SPOTIFY   George Ergatoudis will take over Spotify’s music curation division in the UK When opportunity knocks, you better answer it. George Ergatoudis has probably heard this saying before and he’s been given the opportunity to join one of the music industry’s most progressive companies in Spotify….

ODESZA TALK THE FUTURE OF DANCE MUSIC

Odesza Talk The Future of Dance Music & Why Music Should Be Free Odesza capped off a hugely successful tour which saw them take the world by storm on their In Return: World Tour and the remix album for 2014’s In Return that debuted at #1 on Billboard’s Top 100 for Electronic by adding a Grammy nomination to their…

Beatport reveals all time statistics of top-selling artists, tracks and genres

Beatport reveals all time statistics of top-selling artists, tracks and genres Beatport reveals 10 years statistics of top-selling artists and tracks Who’s sold the most records on Beatport since its inception a decade ago? And what’s Beatport’s best-selling genre? Mixmag published all stats in their September edition. Get the answers to these questions and tons…

Pacha New York Is Closing Its Doors

Pacha New York Is Closing Its Doors After ten incredible years, Pacha New York will be closing its doors for good. The nightlife staple will be celebrating its tenth anniversary with Erick Morillo in what will be an incredible night for those who attend. Pacha’s New York president Eddie Dean stated that “the average nightclub…

Electric Paradise Releases Full Lineup Featuring Skrillex, Major Lazer, Porter Robinson, Martin Garrix, Steve Angello & More

Electric Paradise Releases Full Lineup Featuring Skrillex, Major Lazer, Porter Robinson, Martin Garrix, Steve Angello & More Electric Paradise Music Festival is returning to beautiful Punta Cana in the Dominican Republic on December 19th with a massive lineup, cementing its status as the region’s biggest multi-stage festival in the region. To learn more and find…

10 Years Of Dance Music: The Documentary

10 Years Of Dance Music: The Documentary In 2003, the British broadsheet newspaper The Guardian famously declared that ‘dance music was in terminal decline’. Citing the greed of superstar DJs and unimaginative, uninspired music as the reason fans were leaving the genre, it seemed at the time to be the lowest point for dance. Yet…

10 Revelations From Adele’s ’25’ Album Release Party

10 Revelations From Adele’s ’25’ Album Release Party iHeartRadio Presents Adele’s Album Premiere Live from Joe’s Pub to celebrate her new studio album, “25”  Kevin Mazur for Getty/iHeartRadio Adele‘s 25 is set to be the biggest album of the year — and potentially, earn the biggest first week sales of any album for the Nielsen/SoundScan era…

ADELE’S 25 JUST WENT PLATINUM IN 24 HOURS

ADELE’S 25 JUST WENT PLATINUM IN 24 HOURS There are people out there who believe Adele somehow let down the music business by not putting her new album, 25, on streaming services in its opening week. Then there are those who believe that these songs belong to Adele (plus XL/Beggars, Sony and UMPG) – and…

DAFT PUNK, DEADMAU5 AND MORE TRANSFORMED WITH LEGOS IN INCREDIBLE STOP-MOTION VIDEO

DAFT PUNK, DEADMAU5 AND MORE TRANSFORMED WITH LEGOS IN INCREDIBLE STOP-MOTION VIDEO For a month and a half, French producer TuaN spent his time working with a friend to make elaborate and hilarious stop-motion scenes out of LEGOs for a music video to his original track, “Small Things.” Rather than conventional, slow-motion shots of himself standing in different…

HEY LADIES: APPLE THINKS YOU CAN’T FIND MUSIC WITHOUT MEN’S HELP

HEY LADIES: APPLE THINKS YOU CAN’T FIND MUSIC WITHOUT MEN’S HELP The famed producer, cofounder of Interscope, and current head of Apple Music Jimmy Iovine was recently on CBS This Morning, and made some bizarrely sexist comments to go along with Apple’s bizarrely sexist TV ad. Jimmy Iovine and Apple Music seem to be gunning…

PANDORA’S AGGRESSIVE PLOT TO DEFEAT SPOTIFY: 5 THINGS YOU NEED TO KNOW

PANDORA’S AGGRESSIVE PLOT TO DEFEAT SPOTIFY: 5 THINGS YOU NEED TO KNOW Pandora is feeling mighty bullish. Last night, the US streaming platform announced its intention to acquire key assets from on-demand music service Rdio – which, it transpires, is about to file for bankruptcy in the States. Pandora CEO Brian McAndrews (pictured, main) and…

Most Weeks at No. 1 on Billboard 200 By Title

Most Weeks at No. 1 on Billboard 200 By Title Michael Jackson DMI/The LIFE Picture Collection/Getty Images With 37 weeks at No. 1, Michael Jackson‘s smash album Thriller continues to hold the record for the most weeks at No. 1 on the Billboard 200 chart (1963-2015).Thriller clocked its first week at No. 1 on the list…

MUSIC CREATION & PERFORMANCE WITH THE MYO ARMBAND

MUSIC CREATION & PERFORMANCE WITH THE MYO ARMBAND The future is finally here and music creation will never be the same again. As one end of the music industry focuses on making new and advanced controllers to interface with music programs, Thalmic Labs were one of the few that looked at the industry in a…

MAN SENTENCED TO 3 YEARS IN FEDERAL PRISON FOR ONLINE PIRACY

MAN SENTENCED TO 3 YEARS IN FEDERAL PRISON FOR ONLINE PIRACY Piracy is a huge problem in the music industry, as more and more artists are seeing their online sales dwindle. The man responsible for a significant amount of illegal online distribution was taken to court last fall and has just been sentenced to federal…

Tube & Berger on rock ‘n’ roll, EDM culture, and major labels

Tube & Berger on rock ‘n’ roll, EDM culture, and major labels Tube & Berger are some of the more outspoken producers within the underground community; and with good reason — the duo have been releasing quality dance music for over a decade. The German house music stalwarts are currently celebrating 10 years of Kittball: their esteemed imprint…

CHARITY MUSIC RELEASES – ALTRUISTIC OR EASY MARKETING?

CHARITY MUSIC RELEASES – ALTRUISTIC OR EASY MARKETING? As a $6.2 billion industry, electronic dance music is in a uniquely influential position. Big-name DJs are now competing with some of the highest earners in the music industry, and giant brands like 7 Up and T-Mobile are pouring tens of millions of dollars into EDM. With…

DEADMAU5 GOES INDIE, DITCHES MAJOR RECORD LABELS

DEADMAU5 GOES INDIE, DITCHES MAJOR RECORD LABELS Deadmau5 has always been a vocal character, usually playing the “asshole” of most situations he’s involved in. In a turn of events, his newest conflict seems to be a beneficial one, and should serve as a serious wake-up call to major labels trying to ride the EDM wave. The words…

MEET THE NEW GROOVESHARK – AKA ‘POPCORN TIME FOR MUSIC’

MEET THE NEW GROOVESHARK – AKA ‘POPCORN TIME FOR MUSIC’ SEPTEMBER 17, 2015   BY TIM INGHAM Say hello to what might be the most frightening app in existence for the music business. Aurous is a music streaming app/website built on similar technology to Popcorn Time, the copyright-infringing streaming movie and TV service that is now…