The results surpassed both the company’s and Wall Street’s expectations, underlining how Microsoft and other big tech firms have been winners in the coronavirus pandemic. “Digital adoption curves aren’t slowing down,” Satya Nadella, Microsoft’s chief executive, said in a statement. “They’re accelerating.”
Source: Microsoft reports strongest quarterly growth in years, as profit also rises.
Antiquated crediting systems are now wildly out-of-step with today’s tech-driven music landscape. But most crediting solutions leave glaring problems unsolved: plug-ins, for example, struggle with low adoption rates and serve largely as a temporary fix for problems that require permanent solutions.
Source: Muso.AI Partners With Music Story to Overhaul Metadata, Crediting
When we look back on 2020, Hollywood will probably think of it as a pivotal time for the data produced by such things as streaming entertainment and social media but data analysts and strategists have been working with talent agencies for years to uncover powerful opportunities for their clients.
Source: Hollywood Agencies Use Analytics to Create New Revenue Streams
NFTs are a flashy new digital trend geared toward the über-rich. But some experts hope to harness their blockchain technology to prove the origins of artifacts taken by European nations—and potentially upend the stagnated pecking order of the art world.
Sega, the video game giant behind Sonic the Hedgehog, is making a move into the NFT industry. According to a Twitter post by Sega, the Tokyo-based developer is partnering with blockchain startup double jump.tokyo to create NFTs based around Sega’s IP.
Source: Sonic the Hedgehog Creator Sega Is Launching its Own NFTs – Decrypt
Spotify’s newly launched paid-subscription podcast prog offer creators far more attractive economic terms and reach than Apple. For the first two years, Spotify’s podcast subscriptions will carry no creator fees, so participants will receive 100% of the subscriber revenue (excluding payment-transaction fees). Starting in 2023, Spotify plans to take a 5% cut of subscription revenue.
Source: Spotify Launches Podcast Subscriptions to Challenge Apple, Promising No Creator Fees for Two Years
Spotify is increasing the price of many of its subscriptions this week across the UK and parts of Europe, with the US seeing a hike to Family plans. Subscribers have started to receive emails informing them of the changes, and they will affect Student, Duo, and Family plans across parts of Europe and the UK, and Family subscriptions in the US from April 30th. Single Spotify Premium subscriptions are unaffected.
Tunefind, described as “the world’s most comprehensive database and online source of information for music in television, film and video games”, partners with over 250 music supervisors worldwide to source song data directly from the executives responsible for selecting music featured in TV shows, movies, and video games.
Source: Songtradr acquires film, TV and gaming music data platform Tunefind
Hasbro announced that it has entered into a definitive agreement to sell Entertainment One Music (eOne Music) for $385 million. eOne Music will be acquired by entities controlled by Blackstone, which also owns the performing rights organization SESAC, and “will focus on building a creator-first music brand with global scale and expertise,” according to the announcement.
Talent management company Night Media and user-generated content licensing business Jukin Media are launching joint venture Views, which will mint and vend non-fungible tokens (NFTs) from digital content creators. Views will launch in the first week of May.
Source: Night Media And Jukin Media Launch ‘Views,’ An NFT Sales Platform For Digital Creators – Tubefilter