SoundCloud Unveils Digital Distribution Tools

SoundCloud may now become a one-stop shop for every indie artist. SoundCloud CEO Kerry Trainor has been on the move. Following a turbulent 2017, Trainor made good on his promise.  The indie streaming music service brought in over $100 million in revenu… Continue Reading

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Amazon Music’s ‘Reimagined’ Exclusives Roll On — This Time With Mumford & Sons

Amazon continues to roll out ‘exclusives,’ a strategy the music industry clearly despises.  But maybe this twist gets a pass. Following the launch of the fledgling streaming music service, former Global Head of Apple Music, Jimmy Iovine, unveiled a con… Continue Reading

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Sony/ATV CEO Martin Bandier Scores $100 Million Alone from EMI Music Publishing Acquisition

Sony/ATV’s CEO Martin Bandier has scored a cool payday from the publisher’s acquisition of EMI. Earlier this year, in the first major strategic move from recently appointed CEO Kenichiro Yoshida, Sony bought Mubadala’s 60% stake in EMI Music Publishing… Continue Reading

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Ja Rule Has Plans to Launch an ‘Iconic Festival’ and Artist Booking App

Ja Rule should’ve learned from the repercussions of the disastrous Fyre Festival.  Facing two multi-million dollar lawsuits, he still hasn’t. Nearly two years ago, Ja Rule and millennial entrepreneur Billy McFarland moved forward with an idea to ‘revol… Continue Reading

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Spotify Says It Paid $340 Million for Its Podcast Expansion

We now know how much Spotify paid to acquire Gimlet Media and Anchor. A little over a week ago, Spotify published great news for investors. In its Q4 2018 report, Premium subscribers reached 96 million, up 36% year-over-year.  Monthly active users (MAU… Continue Reading

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Universal Music Group (UMG) Posts Over $3 Billion in Streaming Revenue in 2018

Streaming continues to strengthen Universal Music Group’s bottom line. Ahead of its proposed sale, Vivendi has posted a great profit from its subsidiary, Universal Music Group (UMG). Across labels, record sales, publishing, merchandising, tours, and mo… Continue Reading

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