At issue is whether two 80-year-old antitrust decrees are still useful in an industry that has been completely transformed by digital innovation time and again over the decades. Most recently, the streaming model has overtaken sales as the dominant driver of revenue in a music business that increasingly sees its music used in more significant ways by massive tech giants like Amazon, Apple, Google and Spotify.
Spotify’s user and subscriber growth came in at the top end of expectations for the second quarter of 2020, but the company’s bottom line was hit by a 48% increase in operating costs from stock-related compensation charges. In addition, ad revenue fell 21% — which Spotify blamed on the coronavirus pandemic — but the drop wasn’t quite as bad as forecast.
Universal Pictures and AMC Theatres have put aside a bitter feud and signed a multi-year agreement that will allow the studio’s films to premiere on premium video on-demand within three weeks of their theatrical debuts. The pact, sure to send shockwaves throughout the exhibition industry, has the potential to reshape the ways that movies are marketed and distributed.
It’s unclear which creators have been approached, and whether any subsequent deals would necessitate that creators post exclusively on Reels or not. But interestingly, TikTok just announced a massive $200 million Creator Fund of its own that will look to dole out payments to native creators — though details are still scant on how those funds will be distributed.
Not exactly. What will happen is that possibly anyone who knows the resources, structures, models, and patterns that appear in the best narrative works will be able to write a masterpiece. You just have to learn what the protocols of literary fiction are and how they are handled. Then it will be your turn to practice applying them to your own works. But AI is ahead on this race, so far.
The whole idea of a New York City–centric trade publishing industry based on relationships nurtured by long lunches and cemented in Midtown high-rises, already increasingly anachronistic, now seems certain to be more rapidly supplanted. In its place will likely be a more geographically and socially diverse author-agent-publisher ecosystem, enabled by a more expansive communications infrastructure.
We’re starting to see a generation of artists born and raised on TikTok; The Limba, signed to Believe in Russia, is a good example. We’ve taken him to be the largest artist in Russia in the past several months – both on and outside of TikTok – and TikTok was the No.1 reason why he [was able to] reach the top.
Stars of rock, pop and hip-hop have had enough of hearing their songs pumped at political rallies without the green light. So they’re standing up for their rights. Today, the Artist Rights Alliance is demanding politicians on both sides get clearance on the music they plug at their events and in advertisements.
What normally happens in Vegas each year in January won’t be in Vegas after all. CES 2021, scheduled to run Jan. 6-9, 2021, will not be held in Las Vegas, the Consumer Technology Association announced. It’s the latest event canceled because of the coronavirus pandemic, which has had a resurgence in the U.S. the past two months.
Tencent Music Entertainment has revealed that 590 million yuan (over $84m) has been paid out to indie artists using its ‘Tencent Musician Program’. Launched three years ago, Tencent Musician is an online service for emerging independent artists to upload their music to TME platforms.