Headlines

How Studios’ Streaming Services Affect Global Strategy, Sales at L.A. Screenings

Disney’s decision to plow billions of dollars into launching Disney Plus as the central TV hub for its gold-plated brands — Marvel, Pixar, “Star Wars” and Disney — has raised questions of how quickly it will begin to eschew international sales to feed its bold subscription venture.

Source: How Studios’ Streaming Services Affect Global Strategy, Sales at L.A. Screenings

ByteDance’s Music Streaming Service Set to Launch as Soon as This Fall

TikTok’s parent company ByteDance will reportedly launch its Spotify and Apple Music competitor as soon as this fall in poorer countries, including India. According to sources, the Chinese conglomerate has over 100 people working on the app.  The new Spotify and Apple Music competitor would launch in overseas markets “soon.”

Source: ByteDance’s Music Streaming Service Set to Launch as Soon as This Fall — Likely Without Licenses From the Big 3

Sony Music to deliver ‘Real Time’ royalty data to artists

Sony Music Entertainment has today (May 20) delivered some good news to its artists. The company will launch two new payment features for its acts – ‘Real Time Royalties’ and ‘Cash Out’ – via its Artist Portal this fall. The company says the new launches will “allow our artists and royalty participants to view and withdraw earnings faster than ever before”.

Source: Sony Music to deliver ‘Real Time’ royalty data to artists, and enable monthly cash withdrawals

Amplify will be the next platform for fans to invest in artists

There are already a number of companies making it possible for fans and high-wealth individuals to invest in musicians, from the familiar crowdfunding platforms like Patreon to the likes of Royalty Exchange. The latest startup falling into the latter category is Amplify, which is planning to launch a private beta of its service this summer.

Source: Amplify will be the next platform for fans to invest in artists

Imogen Heap Is Building Tech to Change the Music Industry

Ms. Heap’s nonprofit research and development group, Mycelia, is working with International Business Machines Corp. and Evernym, an identity company, to launch a digital hub for musicians. Called Creative Passport, it will provide verified, searchable profiles where musicians can collect and control their data—from biographies and detailed song credits, to information about publisher and record label representation.

Source: Imogen Heap Is Building Tech to Change the Music Industry

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