Marketplace

The Future of the Art World Is Direct-to-Consumer As the Market Shifts Online 

While auction sales overall were down 58.3 percent the first half of the year compared to 2019, the smallest decrease came at works that cost $10,000 and under, according to the fall Artnet Intelligence Report. Many online art sales, particularly on Instagram, are on the low end of even that spectrum.

Source: ‘The Future of the Art World Is Direct-to-Consumer’: As the Market Shifts Online, a Growing Number of Artists Are Thriving Without the Middle Man

DOJ to Seek Congressional Curbs on Immunity for Internet Companies

The Justice Department will submit a proposal to Congress on Wednesday to curb longstanding legal protections for internet companies such as Facebook Inc., Alphabet Inc.’s Google and Twitter Inc. and force them to shoulder more responsibility for managing content on their sites, a senior department official said.

Source: WSJ News Exclusive | DOJ to Seek Congressional Curbs on Immunity for Internet Companies

The 10,000-person dance party streaming in your living room

As dance studios closed because of COVID-19, Dance Church morphed into something else — a 10,000-person mega-event that takes place entirely online. The company has launched its own streaming platform to host dance classes twice a week, and is planning a subscription option soon. The class is less choreography and more aerobic exercise, synced to a Top 40-style playlist that veers from pop to deep house and hip hop.

Source: The 10,000-person dance party streaming in your living room

‘The Talent Ate Good for Years’: Promoters to Shift More Risk Onto Artists When Concerts Return

Like record labels, concert promoters have long operated on a model in which they offer advance payments against a percentage of sales — with artists getting paid more when shows do well and often keeping the guarantee when they don’t. Live Nation and AEG want to move toward a deal structure more like in clubs, where acts receive a percentage of tickets sold, with less guarantees.

Source: ‘The Talent Ate Good for Years’: Promoters to Shift More Risk Onto Artists When Concerts Return

Is TikTok a Music Industry Friend or Troll? (Podcast)

TikTok is something of a Wild West when it comes to the music business. After the massive success last year of Lil Nas X’s “Old Town Road,” the app seemed like a potential surefire hit generator, but the truth is knottier — it follows its own logic, and labels routinely find themselves scrambling to catch up.

Source: Is TikTok a Music Industry Friend or Troll?

Has Music Become a Disposable Commodity? 

The current streaming model has broken the direct (commercial) link between fans and artists. Buying a CD meant the artist would receive a guaranteed amount of money, but listening to the album on Spotify means something entirely different. The major streaming services collect all the subscription fees in one pot, then pay artists and labels on a prorata revenue share basis each month. This setup means that the value of a single stream is never fixed.

Source: Has Music Become a Disposable Commodity? | WQXR Editorial | WQXR

Apple accuses Epic of ‘starting a fire and pouring gasoline on it’ in new Fortnite filing

Apple has responded to Epic’s demands that the iPhone-maker restore Fortnite to the App Store in new legal filings, arguing that the company’s injuries are “entirely self-inflicted” and that Fortnite can return to iOS at any time — just as soon as Epic removes the custom in-app payment system that triggered the game’s removal in the first place.

Source: Apple accuses Epic of ‘starting a fire and pouring gasoline on it’ in new Fortnite filing

Movement Festival Producers Announce Streaming Partnership With Twitch

Paxahau, the producers of Detroit’s longstanding underground electronic music festival Movement, have announced a partnership with streaming platform Twitch. Beginning Wednesday (Sept. 16) the Paxahau.TV channel will stream exclusive weekly programming, along with four forthcoming Movement-themed virtual festivals.

Source: Movement Festival Producers Announce Streaming Partnership With Twitch: Exclusive

Amazon Music launches podcasts in the US, UK, Germany & Japan 

Amazon Music has launched podcasts in the UK, US, Germany and Japan, across all tiers of service. The platform’s podcast offering includes original shows produced exclusively for Amazon Music and hosted by the likes of DJ Khaled, Will Smith, Dan Patrick, Becky G, and others.

Source: Amazon Music launches podcasts in the US, UK, Germany & Japan with shows from Will Smith, DJ Khaled & others

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