Blockchain-based live streaming service DLive has seen a 67 percent increase in users since popular YouTuber PewDiePie joined the platform in April. DLive now has more than 5 million monthly active users and over 70,000 streamers, Nikkei Asian Review reported Monday.
Many artists and bands see crowdfunding as a major avenue to their musical success. As we saw from the recent Pledge Music debacle, that’s not always the case. But even failing platforms aside, crowdfunding is a lot more difficult than you might think.
Source: 5 Crowdfunding Myths Exposed
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.
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.”
Oscar-winning documentary filmmaker Luc Jacquet (“March of the Penguins”) and producer Sophokles Tasioulis (“Deep Blue,” “Earth”) are partnering to launch Icebreaker, a new production company that uses blockchain technology to create innovative ways to produce and finance films.
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”.
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.
If anyone is still wondering why the sharing economy has exploded as it has, the answer is simple: it rendered the middleman obsolete. And now the content industry is phasing out the middleman with the help of blockchain technology.
Spotify’s on a podcast binge… and it wants artists to feed its platform’s insatiable appetite for audio content. In a news post on Spotify for Artists published May 16, Spotify asked artists, “Do you need your own podcast?” The answer is an unequivocal “yes.”
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.