It’s 2018 and the Music Business is Better than Ever; Spotify Files for IPO

It’s 2018 and the Music Business is Better than Ever — adage.com 
 After a 20-year decline we’re seeing growth, in fact, double-digit growth. Music is being created and consumed at a higher rate than ever before.

Spotify Confidentially Files for IPO — www.hollywoodreporter.com 
 The music streaming company submitted the paperwork in late December, according to Axios.

Facebook, YouTube double down on music rights — www.axios.com 
 The negotiations are a sign of improving relations between the music industry and tech giants

AI and data are music to recording industry’s ears for recouping song royalties — www.theglobeandmail.com 
 Collecting money from traditional media sources, such as radio, can be an imperfect task

Spotify Settlement Inadequate for Publisher Seeking $1.6 Billion — www.bloomberg.com 
 Spotify’s $43 million settlement with songwriters is being challenged in a new lawsuit from a publisher who says artists like Tom Petty and Neil Young deserve a lot more — $1.6 billion more.

VidaPrimo Debuts Latin Music Channel on XUMO — dailytelescope.com 
 VidaPrimo Executive VP + GM Stephen Brooks “With millions of users across devices, XUMO expands our network footprint into the smart TV space, strengthening the connection from our artists to their fans in the living room.”

Jim Owens Entertainment files suit over streaming of ‘Music City Tonight’ — www.tennessean.com 
 The streaming over re-runs of the “Music City Tonight” television show on Roku has prompted a lawsuit pitting Jim Owens Entertainment against Luken Communications.

SiriusXM To Pay A Larger Royalty In Coming Year — www.hypebot.com

Good news for the pocketbooks of artists, a recent ruling by the Copyright Royalty Board will be boost the rates for what the satellite service SiriusXM doles out to artists by a not insignificant forty-one percent.

KPUR to Become First 100,000-watt Station for Independent Texas Red Dirt Country Music — www.savingcountrymusic.com 
 The expansionism in the Texas Music scene continues, and it has just acquired its first ever 100,000-watt signal.

Audi Integrates Amazon Music — www.theintelligentdriver.com

The worlds of technology and automotive continue to collide, as Audi announced an integration with Amazon Music. Amazon Music is now accessible to Audi owners through their vehicle’s MMI system via the Audi MMI connect mobile application.