As part of an ambitious fan data-driven emerging artist program, Bandsintown is identifying artists who have seen recent rapid growth and launching campaigns to give them maximum exposure. Here is a look at how the process works, and how you can become a Big Break Artist. ___________________________ Guest post from…
Category archives: Startups & Funding
LiveXLive Reports Revenue, Subscriber Growth, But Still Bleeding Cash
Live music streaming service LiveXLive announced financial results for the 4th quarter of 2019 and full results for their fiscal year. The company reported record revenue for their full fiscal year of $33.7 million, which was up by 368% year-over-year and $9.2 million in Q4 2019, up 29% year-over-year. The…
Bandwear Responds To Post-PledgeMusic Payment Concerns
This week music merchandiser Bandwear announced expansion of its crowdfunding platform and an offer to help musicians affected by the PledgeMusic collapse. Included is a staggered payout system similar to one which PledgeMusic reportedly abused by funding daily operations with money intended for artists and labels. "we understand many in…
Beatstars Has Paid Out $50 Million To Producers
BeatStars has paid out more than $50 million to the producers who license and sell their work on the marketplace, the startup announced today. The site boasts has more than 340,000 active sellers, and its tracks have been used on a number of major hits, including Lil Nas X "Old…
Sofar Sounds Raises Huge Amount Of Money, But Artists Don’t See Much Of It
Sofar Sounds, a service which specializes in setting up artists with shows, particular house concerts, has had a pretty successful financial track record, putting on over 600 shows a month and bringing in an impressive amount of revenue – unfortunately, not much of that money seems to be ending up…
Experts Weigh Future Of Crowdfunding Post-PledgeMusic
Has crowdfunding for musicians become too risky? Is it dead altogether? These kind of questions are being asked by tens of thousands of artists who had counted on PledgeMusic and fan funding to finance their next project. Hypebot asked four music marketing experts with experience in crowdfunding to share what…
Industry Bomb Thrower Merck Mercuriadis On Disrupting The Music Business [INTERVIEW]
In this edition of ‘In the Hot Seat’ with Larry LeBlanc, he speaks with music industry heavy-hitter and publishing pariah Merck Mercuriadis about how he’s shaking up the music business with his publicly traded intellectual propery acquisition vehicle Hipgnosis Songs Fund Limited. __________________________________ Guest post by Larry LeBlanc from Celebrity…
Was PledgeMusic Lining Their Own Pockets?
In this latest chapter in the saga of the still-smoldering wreckage that is PledgeMusic, Mario Putzar examines some of the underlying causes that led up to the platform’s current state of crisis, many of them eerily similar to another music direct-to-fan platform (now also defunct), Sellaband. ____________________________ Op-ed by Mario…
SoundCloud Adds Digital Distribution With Acquisition Of Repost Network
SoundCloud has acquired digital rights management and distribution company, Repost Network. With the acquisition, SoundCloud can offer "high-performing, emerging creators " distribution, analytics and content protection. Terms of the deal were not disclosed. It is expected to close in the coming weeks. Repost Network’s 6000+ clients include RedBull Records, Waka…
PledgeMusic Fiasco Is Even Weirder Than You Think – Part 1 [David Lowery]
Few failures have had a more direct impact on the indie music community than the recent demise of PledgeMusic, not only for those owed millions of dollars, but also for the many others who had come to rely on the platform for pre-sales and fundraising. In recent days, a variety…