On March 9, TikTok brought SoundOn out of beta. The platform has captured the pop culture zeitgeist — and, in doing so, has become an essential tool for both rising creators and the music business, with labels and managers using it to discover talent, promote and market songs, and stay on top of trends.
Source: TikTok’s Distribution Play Could Cause Tension With the Music Biz
Royal, co-founded by Justin Blau, aka musician and producer 3LAU, has revealed that Diplo is the next artist to team up with Royal to sell shares in his streaming royalties. Diplo will release Don’t Forget My Love, the first single from his recently released self-titled album on Royal, on Tuesday, March 29 at 6pm ET / 3pm PT.
Filling a gap in the current market, ATO provides solutions to something that has plagued the art world since the 1650s when intermediaries – art dealers – came on the art scene: it is the near total lack of lack of accessible sales data from which to rely on as a basis for an honest sale and purchase.
Founded in 2020 in Taiwan, Melos Studio is a new unique create-to-earn music ecosystem on ETH, BSC and FLOW blockchain. The Melos platform is dedicated to bringing not only music enjoyment but also NFT adoptions to the next level, empowered by powerful tools and feature package for content creators and participants.
The powers of technology giants like Facebook owner Meta, Google, Amazon and Apple could be severely curbed as the European Union Council and European Parliament have reached a provisional political agreement on the landmark Digital Markets Act (DMA).
Source: Facebook, Google, Amazon, Apple to Be Regulated as Europe Agrees to Landmark Digital Markets Act
At the moment, the market is relatively small. Publicly funded galleries are wary of cryptocurrencies, and, for those immersed in that world, digitalized old art doesn’t have the speculative cool of “native” NFTs, like CryptoPunks or Bored Apes, which can sell for millions. As yet, no museum NFTs have achieved attention-grabbing profits on resale platforms, such as OpenSea.
Source: Museums Are Cashing In on NFTs
As musicians and other creative producers assert more control over their future sales and blockchain technology has allowed for easier tracking of intellectual property, two Stanford alumni have started a business to help visual artists reap the financial rewards when their work is resold privately or comes up for auction, in some cases at many multiples of the original price.
Source: Tech Start-Up Aims to Get Artists Royalties for Resale
Ad-funded streaming platforms (including video services) generated $4.6 billion in 2021, according to IFPI numbers. That was up 31% year-on-year (versus $3.5bn in 2020), representing an annual increase of $1.1 billion. Not bad for a section of the market many still refer to as ‘free’ streaming, which includes the freemium tier of Spotify, plus YouTube‘s video ads business.
Chartmetric is aiming to upend music marketing by giving artists direct access to a trove of their own data with Artist Plan. Currently, Chartmetric is offering its Artist Plan tier for the artist-friendly price of $10 per month, which includes access to artist-specific data, everything in the free tier, and even competitive artist information.
Source: Chartmetric Introduces ‘Artist Plan’ for Direct Data Access
Warner Music Group has partnered with Styngr to offer game developers access to pre-licensed tracks from the WMG music catalog. Now game developers will have the ability to integrate these WMG recordings into their games. That includes customized radio stations in games like Grand Theft Auto.
Source: Warner Music Group Partners with STYNGR to License Music for Gaming