Marketplace

Do New Bands Still Need To Get Signed To Make It? 

Getting a record deal used to be the number one priority for unsigned bands. Having the backing of a label, with the budget to distribute and market their music, was perhaps the only way to grow and start playing bigger and better shows. But with a shift in how listeners consume music, there’s been a change in what’s actually important when you want to “make it”.

Source: Do New Bands Still Need To Get Signed To Make It? – MTT – Music Think Tank

FUGA Acquires Nashville-Based Rights Platform Songspace

Digital distribution technology and services company FUGA has acquired Nashville-based rights management platform Songspace for an undisclosed sum. Formed in 2014, Songspace has more than 250 publisher and record label clients including Kobalt, Reservoir Media, Downtown Music Publishing, Big Deal Music and Sentric.

Source: FUGA Acquires Nashville-Based Rights Platform Songspace

Azoff, Capshaw, Top Artists Form Music Artists Coalition 

Some high powered music industry figures and recording artists that include super managers Irving Azoff and Coran Capshaw have joined forces to launch a new lobbying group that will advocate for musicians. The Coalition will focus its advocacy efforts on a number of key issues at both the state and federal level, including royalty rates, and copyright law.

Source: Azoff, Capshaw, Top Artists Form Music Artists Coalition To Give Artists “A Seat At The Table”

Beggars Group paid artists 44% of its Spotify share money; indie’s own revenues hit $100m in 2018

Within Beggars Group’s latest annual accounts, filed this week on UK Companies House, the firm explains: “During the year we received the proceeds of the sale of our shares in Spotify. We believe that our artists should share equally in that windfall.”

Source: Beggars Group paid artists 44% of its Spotify share money; indie’s own revenues hit $100m in 2018

YouTube Is a Big Business. Just How Big Is Anyone’s Guess.

Big tech companies have been under pressure from regulators and lawmakers to provide more insight into how their businesses operate. The lack of disclosure around YouTube’s finances is a reminder that some of them have actually made understanding how they make money more difficult over the last year.

Source: YouTube Is a Big Business. Just How Big Is Anyone’s Guess.

The Success Of Streaming Has Been Great For Some, But Is There A Better Way?

Chastened since the turn of the millennium, the streaming revolution has now revivified the recording industry — at least, those at the top of it. Critics say the pro rata model disproportionately privileges top artists and labels, and leaves little chance for even midsize artists, such as a band like Khruangbin — whose most-listened-to songs have tens of millions of listens on Spotify — to get a fair shake.

Source: The Success Of Streaming Has Been Great For Some, But Is There A Better Way?

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