In yet another strong push towards their IPO, Spotify has purchased Soundtrap. According to a statement released earlier this morning, Spotify announced that they have purchased online recording studio startup, Soundtrap. “Soundtrap’s rapid…
Category archives: Music Startups
Former Songkick Publicist Now Works for Harvey Weinstein
Sallie Hofmeister once provided PR work for Songkick. Now, she’s defending Harvey Weinstein. Yesterday, in a letter sent to clients, once-promising ticketing startup Songkick finally confirmed that it would close its doors. The startup specialized in …
Kobalt Beefs Its War Chest by Another $14 Million
$500 million in annual revenue. Nearly 500 employees and growing. Can anything stop Kobalt Music? British publishing company Kobalt Music has one thing in mind: reinventing the music industry so that it works better for creators. It also has the mon…
Two Rising Music Tech Companies Die on the Same Day
Ricall and Blin.gy have gone the way of the dodo. To assist users in the digital age, UK-based platform Ricall offered music licensed for use in advertising, film, and TV. Blin.gy brought special effects that magically inserted users into their favorite viral and music videos. What do both companies have in common? Both rising music […]
The post Two Rising Music Tech Companies Die on the Same Day appeared first on Digital Music News.
16 Reasons Why Music Startups Fail
1. Licensing. If you want major artists from major labels, be prepared to pay multi-millions of dollars for it. And it may take years to finalize those deals (just ask Spotify). If you don’t have to give away a percentage of your company, I’d like to meet your attorney. This is how music startups die, […]
The post 16 Reasons Why Music Startups Fail appeared first on Digital Music News.
No, Legacy Musicians Do Not Have To Tour To Make Money If They Don’t Want To
I’m sure you’ve read by now the piece that has been shared relentlessly discussing how 69-year-old Donald Fagen (of Steely Dan) was “forced” to go on tour because his album sales money has dried up. Fagen told the Wall Street Journal: “When the bottom fell out of the record business a bunch of years ago, […]
The post No, Legacy Musicians Do Not Have To Tour To Make Money If They Don’t Want To appeared first on Digital Music News.
Tunecore Stiffed Us Bad, Says Multi-Million Dollar Lawsuit
Did Tunecore stiff two of its original members? That’s the basis for a just-filed lawsuit that could cost the company millions in damages. It was a revolutionary idea back in the day. Any artist, anywhere, could upload their music to any digital platform. Pay a fee, and you could play. And, potentially reach millions […]
The post Tunecore Stiffed Us Bad, Says Multi-Million Dollar Lawsuit appeared first on Digital Music News.
Tunecore Stiffed Us Bad, Says Multi-Million Dollar Lawsuit
Did Tunecore stiff two of its original members? The answer to that question could cost the company millions. It was a revolutionary idea back in the day. Any artist, anywhere, could upload their music to any digital platform. Pay a fee, and you could play. And, potentially reach millions of fans (and more importantly, […]
The post Tunecore Stiffed Us Bad, Says Multi-Million Dollar Lawsuit appeared first on Digital Music News.
Tokenly Launches Bitcoin-Based Music Platform token.FM
Will Bitcoin-based Token.FM truly hit, or will it end up as just another failed streamer in the music industry? Every once in a while, someone has a fresh, new idea to address “existing issues” in the music industry. Specifically, these ideas attempt to get artists paid faster. However, within three years, most of these ideas […]
The post Tokenly Launches Bitcoin-Based Music Platform token.FM appeared first on Digital Music News.