Spotify pledges $10m fund to support artists hit by Coronavirus pandemic

One music industry player that has come under particular pressure to do something to help artists during the pandemic is Spotify – which has even been petitioned to triple what it pay artists per stream in order “to put urgently needed cash into artists pockets”. Today (March 25), SPOT has revealed how it plans to do just that.

Source: Spotify pledges $10m fund to support artists hit by Coronavirus pandemic

Bandsintown will help musicians get faster access to Twitch monetization

Concert notification service Bandsintown has partnered with Twitch to help out artists who are unable to tour because of the novel coronavirus pandemic. The partnership lets qualified Bandsintown artists bypass the normal qualifications needed to become a Twitch Affiliate and get fast access to the live streaming platform’s monetization tools.

Source: Bandsintown will help musicians get faster access to Twitch monetization

SXSW Hands Out Film Awards, Despite Festival Cancellation

Most of the high-profile films that had been set to debut at SXSW have reshuffled their release plans. (Judd Apatow’s The King of Staten Island, with Pete Davidson, had been set to open SXSW.) But the festival was able to proceed with awards for its juried competitions, with self-isolating jurors watching films on screening links and making selections by teleconference.

Source: SXSW Hands Out Film Awards, Despite Festival Cancellation

Disney+ Sees Huge Subscription Spike As Homebound Audiences Clamor For Content

As Americans brace for spending weeks (or months) inside as the coronavirus pandemic spreads, they are subscribing to additional streaming services, with Disney+ proving to be far and away the most popular choice. This is a bright spot for Disney, as much of its business is placed on pause.

Source: Exclusive: Disney+ Sees Huge Subscription Spike As Homebound Audiences Clamor For Content

Despite relaxing paywalls, publishers like Bloomberg and The Atlantic see subscription spikes 

In the U.S. digital subscriptions rose 63% in the past week compared with the same period the year before, according to subscription technology platform Piano. “Right now,  what we’re seeing is a surge in acquisitions and no evidence of any change in either active cancellations or credit card failure,” said Michael Silberman, SVP strategy, Piano. “The data suggests it’s OK to still be keeping some content behind the paywall and that readers will respond and pay for content.”

Source: Despite relaxing paywalls, publishers like Bloomberg and The Atlantic see subscription spikes – Digiday

The Coronavirus Revives Facebook as a News Powerhouse

According to an internal report, more than 90 percent of the clicks to coronavirus content came from “Power News Consumers” and “Power News Discussers” — Facebook’s terms for users who read and comment on news stories much more frequently than the average user. The company is now considering several options for targeting those people with higher-quality information to make sure it is “being spread downstream.”

Source: The Coronavirus Revives Facebook as a News Powerhouse

Some People Are Investing in Pop Song Royalties Instead of Stocks

Late last year, the auction for composer DJ Kalkutta’s “New Americana” royalty rights closed. The final bid? $79,200. The bounty? Perpetual IP ownership of her (now-former) piece of the pie. Kalkutta essentially exchanged the future dividends she would continue to make on her Halsey hit for a lump sum of money.

Source: Some People Are Investing in Pop Song Royalties Instead of Stocks

Tokyo Olympics Postponed to 2021 Due to Coronavirus Pandemic

The Tokyo Olympics were postponed until 2021 on Tuesday, ending weeks of speculation that the games could not go ahead as scheduled because of the coronavirus pandemic. The International Olympic Committee made the decision after speaking with Japanese Prime Minister Shinzo Abe and local organizers. The IOC said the games will be held “not later than summer 2021” but they will still be called the 2020 Tokyo Olympics.

Source: Tokyo Olympics Postponed to 2021 Due to Coronavirus Pandemic

New York Philharmonic Cancels Season Due to Coronavirus

The New York Philharmonic canceled the rest of its season and a 10-concert European tour due to the new coronavirus, estimating it will have $10 million in operating losses to its $87 million annual budget because of the pandemic. The Philharmonic said the salaries of 106-unionized orchestra players will be cut to minimum scale for April and 75% of minimum scale through May.

Source: New York Philharmonic Cancels Season Due to Coronavirus

Firm Behind Apple E-books Case Now Suing Amazon for Price Fixing

The Seattle law firm that in 2011 was first to file suit against Apple and five major publishers for fixing e-book prices has a new target: Amazon. On March 19, lawyers from Hagens Berman filed a class action suit on behalf of consumers in the U.S. District Court in Seattle, accusing Amazon of a massive horizontal price fixing scheme involving its two million third-party sellers.

Source: Firm Behind Apple E-books Case Now Suing Amazon for Price Fixing

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