Marketplace

TikTok has “made the transition from a novelty to a real anchor for the market,” said Kristen McLean, executive director of business development at NPD Books. “The whole idea of dominating supermarket shelves, dominating airport stores, dominating the front tables at bookstores, it’s just not really where it’s at in the same way.”

Source: How TikTok Became a Best Seller Machine

The new partnership gives the 100,000 or so contributors on the Wirestock platform, and their 3 million pieces of content, a much broader distribution. The deal includes both Getty Images and its sister site iStock. It’s a huge win for the young startup, who already had distribution agreements with Adobe Stock, Alamy, Freepik and others in place.

Source: AI-powered photo stock startup Wirestock lands partnership with Getty Images

The total volume of Ethereum NFT trades has declined by 55% in the past month, from 1.3 million ETH to just 584,000 ETH, according to Nansen data. That’s a drop from just under $2.6 billion to about $672 million, which is roughly a 70% decrease when valued in USD. Ethereum’s price has fallen about 43% in the past month. “Blue chip” NFT prices haven’t risen to compensate, however, meaning less money is changing hands overall.

Source: Ethereum NFT Trading Volume Falls By 70% in June—But Number of Sales Steady – Decrypt

More people are making video content than ever before, which has made certain production tools more common and accessible…not unlike how music production has really opened up in the past 10 years. With more people making higher quality content, the need for high quality music is skyrocketing. Royalty free music companies are looking for ways to grow their libraries to attract customers, and that’s good news for musicians looking to make money via sync licensing.

Source: How Sync Jobs Are Creating New Opportunities for Artists

Last month, indie distributor DistroKid began testing a music-video offering called DistroVid. Now, the latter has officially launched with Apple Music, Amazon Music, Tidal, and Vevo as early partners. DistroKid unveiled the formal rollout of DistroVid this afternoon, billing the service as a means of uploading “an unlimited number of music videos to leading digital service providers for one low price.”

Source: DistroKid Officially Launches Music Video Distribution Service ‘DistroVid’

HBO, Apple, Disney, Amazon and Hulu typically drip out episodes of their streaming shows on a weekly basis. Netflix still drops most of them at the same time. Bingeing helped Netflix win the early battles of the streaming wars—and now its many rivals in a fierce competitive landscape are fighting back by using that very strategy against it.

Source: Netflix Disrupted Entertainment With Binge Viewing. Now Can It Avoid Disruption Itself?

News providers are now flocking to the app, with many of those that arrived early now seeing follower counts upwards of a million, and many seeing six-figure or seven-figure follower growth in 2022. Even BBC News, which once derided Tiktok as a place for “light news”, joined the app in March, though it has yet to make much of on impact on it.

Source: Why is journalism starting to become viral on Tiktok?

Universal Music Group, via its Universal Music Production Music division, has quietly launched a new sample service called Usample. According to the Usample website, the service offers a catalog of around 7,000 “rare” tracks, that, Universal says, come “from the depths of the [UMG] archive, digitised for the first time since the original pressings”.

Source: Universal Music Group just launched a ‘secret’ sample service… for major label artists only 🤫

Netflix’s Co-CEO Ted Sarandos, speaking at the Cannes Lions advertising festival on Thursday, confirmed that the future of the streaming giant will include ads, explaining the about face. “We adding an ad tier; we’re not adding ads to Netflix as you know it today,”  Sarandos said Thursday, speaking on the Cannes Lions stage with Sway podcast host Kara Swisher. “We’re adding an ad tier for folks who say, ‘Hey, I want a lower price and I’ll watch ads.’”

Source: Ted Sarandos Explains Why Netflix Will Add New Ad-Supported Tier to Streaming Service

Canada approved legislation that targets what video- and audio-sharing platforms can broadcast to a Canadian audience, as the country follows in Europe’s footsteps in imposing a heftier regulatory burden on the digital sector. As contemplated under the new measures, users who search for music, television programming, films or do-it-yourself video shorts would get results incorporating a certain quota of Canadian-made content.

Source: Canada to Compel YouTube, TikTok and Streamers to Boost Domestic Content