Goldman Sachs: Music Industry to Make $45B by 2030; New SiriusXM Channel Celebrates Pavarotti; For…
Goldman Sachs Expects the Music Industry to Make $45 Billion By 2030 — www.rollingstone.com
Goldman Sachs Expects the Music Industry to Make $45 Billion By 2030 — www.rollingstone.com
Investment bank’s new report on the music industry says more people will pay for music in the next 10 years — but they’ll each pay less.
New SiriusXM Channel Celebrates Pavarotti — radioink.com
He is one of opera’s true legends. Now Luciano Pavarotti (and double Academy Award-winning filmmaker Ron Howard) are returning to SiriusXM, with the launch of Pavarotti Radio.
Snapchat Wants To License Urban Music Bops — www.forbes.com
Snapchat wants to license music for users to embed in posts and possibly even launch hit songs.
One Night Only: Elton at the Chateau (Playlist) — www.songsommelier.com
The Song Sommelier’s inaugural ‘fantasy setlist’ features Elton John.
Ethiopia to launch new music streaming app | Music In Africa — www.musicinafrica.net
Ethiopia’s telecommunication services provider Ethio Telecom, in partnership with Awtar Multimedia, plans to launch a Spotify-like music streaming app for Android phone users in Addis Ababa, Ethiopia.
Tencent Music Lockup Ends: Insiders to Decide on Holding — www.bloomberg.com
Now comes crunch time for Tencent Music Entertainment Group insiders and early backers who have to decide Monday whether or not to cash out of the Chinese music entertainment service when its 180-day lockup expires.
For Radio, “Nostalgia Is A Balm” — jacobsmedia.com
The power of radio notalgia — the anniversary of Steve Dahl’s “Disco Demolition.”
Why spend $4.1bn on A&R? Because new artists are accelerating streaming’s growth. — www.musicbusinessworldwide.com
Some more good news for Lil Nas X and his contemporaries…
Universal Music Group enters strategic partnership with AI firm Super Hi-Fi — www.musicbusinessworldwide.com
Companies will work together to introduce Super Hi-Fi’s AI technology to UMG’s partners
Korean streaming service Melon faces royalties investigation — musically.com
Melon is one of the oldest music-streaming services in the world, but the South Korean service is now facing an investigation into its handling of music royalties between 2009 and 2011.
Apple is shutting down iTunes — here’s what will happen to your music — www.cnbc.com
Apple announced at its Worldwide Developers Conference that it’s shutting down iTunes, its 18-year-old digital media software. In its place, users will get three individual, dedicated apps for music, podcasts and TV.
Artist Services Platform Stem Launches Concierge Member Service Stem Direct — www.billboard.com
Without a record label, independent artists are often tasked with the tedious but essential minutiae of managing self-distribution, collecting royalties from across multiple platforms, accounting, and performing general administrative tasks.
Spotify ‘Sound Up’ Podcast Boot Camp for Women of Color Returns to NYC — variety.com
Spotify is bringing back “Sound Up,” its podcast accelerator program for women of color, to New York City this summer.
Why It Still Matters Which Music Streaming Service You Sign Up For — gizmodo.com
Take a look at the music streaming services of the moment and you’d be forgiven for not seeing any major differences: They all offer access to around 50 million tracks on demand, they all give you recommended mixes of music, they all let you sync tunes to your phone for offline listening, and so on.
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