Spotify is Eating the Entire Music Business; Simon Cowell Takes Stake in Music-streaming Startup Lounges·tv; Techstars Music Shuts Down
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Spotify Is Eating the Entire Music Business
Streaming music won, at least in the sense that everything else lost. In 2022, according to the Recording Industry Association of America, streaming services accounted for 84 percent of recorded music revenues, with physical media accounting for 11 percent and digital downloads adding up to 3 percent (and falling).
Amazon Music for Artists launches new site with case study
The site is a collection of information and resources for artists and their teams, covering topics from release strategies and analytics analysis to how Amazon Music programs and promotes music.
Techstars Music shuts down with MD citing 'outdated model'
One of the music industry’s most prominent startup accelerators is shutting down. 2023’s Techstars Music cohort will be its last, with MD Bob Moczydlowsky saying that the accelerator model is no longer the best way to invest in music-related startups.
Streaming service Marine Snow to offer equity to artists and listeners
One of the points of tension around Spotify going public in 2018 was the fact that labels had equity in the streaming service, but artists did not.
Simon Cowell takes stake in music-streaming startup Lounges·tv
It’s a video-focused platform where musicians, comedians, fitness trainers and other creators can offer livestreams and on-demand videos, and make money from modes including pay-per-view purchases and viewer tips.
A Path Forward for the Creative Evolution of Generative AI
Some industry professionals fear that generative AI—capable of creating text, images, audio and other content—could replace them.
Hannah Diamond Has Cracked the Code of Using AI for Music
For hyperpop artist Hannah Diamond, generative AI isn’t a threat. It’s another tool in her arsenal—and one that could lower the barriers for emerging musicians.
Spotify makes its latest Afrobeats move with dedicated hub
Called simply ‘Afro’ it’s partly a window for Spotify’s key playlists in and around the genre: ‘African Heat’, ‘Afropop’, ‘Motive’, ‘We Everywhere’ and ‘Essence’ are among those showcased prominently.
After raising over $10m, Moises unveils AI-powered ‘Voice Studio’ that lets artists license and sell their own voices
Voice Studio will serve as a marketplace for AI-powered voice modeling, allowing vocalists to monetize their own voice models to other music makers.
Qobuz, Memphis Listening Lab team up on streaming partnership
The Memphis Listening Lab boasts a collection of some 35,000 45 rpm singles, 15,000 vinyl LPs and 25,000 CDs — but now, the music lover’s den at the Crosstown Concourse will have access to more than 100 million tracks in lossless and high-resolution quality thanks to a new partnership with streaming service Qobuz.
The Deluge of Data
As the owner and operator of a small label and publishing company, perhaps one of the unknown aspects of the modern music business is the deluge of data that must be managed.
Dice's latest North American expansion sees it launch in Canada
The ticketing firm is opening up in Canada, with a launch in Toronto and a swathe of new exclusive partnerships in the region.
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