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How Spotify’s New Model Could Accelerate a Forking of Music; Abba’s Björn on AI and Music Rights; UK Music Industry Contributes £6.7B to British Economy
1823 | Your Daily Dose of Music Streaming News
Spotify’s new royalty model is the latest attempt to try to bring streaming royalties in line with the dynamics of todays’ streaming market. It has many laudable objectives and intentions, but there is no escaping the threat perceived by artists and companies that operate in the long tail. With many of those artists set to no longer collect even paltry royalty statements, the question is what those artists will do next.
As AI continues to reshape the music industry, Björn Ulvaeus's insights provide a valuable perspective on balancing innovation with the protection of artists' rights.
The music industry is abuzz with speculation about Spotify’s plans to change its payouts model. Now there are some new details: the claim that from early next year its ‘minimum annual threshold’ for tracks before they start generating royalties will be 1,000 streams.
UK Music has released its annual economic report, This Is Music 2023, which outlines the economic contribution the UK music industry makes to the economy. The report reveals UK music export revenue in 2022 was £4 billion – a figure aided by growth in recording and music publishing, as well as the return of international touring.
Leading up to SiriusXM's big reveal of its new streaming platform, set for this Wednesday during its Next Generation Industry and Press Preview, it has named Uncommon Creative Studio its new creative agency.
Trendspotting firm Trapital has published its second annual report, with some sharp insights into current industry dynamics – particularly for hip-hop and R&B.
Generative AI has seemingly endless potential and capabilities, including the ability to make completely synthesized songs. Audiences may remember in April when a song from Drake and The Weeknd went viral on social media – only it was neither Drake nor The Weeknd behind the creation of the track; it was generative AI.
Massive recording studios were suddenly able to fit on a desktop, record store's inventory could fit in the palm of your hand, and nothing was the same.
As an indie artist, I’m always looking for the best way to engage with my fans. And I’m sure you feel the same way. A few years ago, SMS marketing for musicians became the new hot thing. But is it still relevant? Is it still effective? Short answer: yes and yes.
The company is showing off its tech with the release of four albums recorded at London venues Paper Dress Vintage, Sound Lounge, The Amersham Arms and Jamboree.
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