The live streaming of shows had been a neglected opportunity for the previous two decades, but out of necessity a new sector has been created in the space of a few months. The live streaming of shows started with home performances, with Ben Gibbard and Erykah Badu both early adopters who bravely gave it a go and paved a way for others.
The pandemic dramatically shifted the power dynamics between studios and exhibitions, giving content creators more leverage in the debate over how films are made, marketed, and distributed. “Pre-coronavirus, we were marching toward shorter windows,” said Erik Gordon, an associate professor at University of Michigan. “Covid changed the balance of power so now we’re racing toward shorter windows.”
Ahead of Spotify’s earnings call for its 2020 second-quarter results on Wednesday morning, the company’s cofounder and CEO Daniel Ek and CFO Paul Vogel got on the phone for a short call with Variety’s Jem Aswad and Todd Spangler. The conversation follows in full.
Since the coronavirus pandemic began shuttering much of the world’s live music scene in March, many in the industry have wondered how much revenue digital livestream festivals could generate and what kind of paydays artists and headliners would earn.
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.
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.
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.