The hammer may soon come down on digital service providers. It’s an axiom among music industry professionals that royalties generated from streaming services are abysmal. While these companies rake in record profits and lease luxury office spaces for their employees, the musicians who constitute their userbases often bemoan their business models for practices many deem to be exploitative. Rashida Tlaib, the U.S. representative for Michigan’s 13th congressional district, has written a letter to Congress proposing that musicians should be fairly compensated for their work distributed by digital service providers like Spotify and Apple Music. Tlaib says she has been working closely with the Union of Musicians and Allied Workers (UMAW) to advocate for royalty reform. “W...
The Ledger is a weekly newsletter about the economics of the music business sent to Billboard Pro subscribers. An abbreviated version of the newsletter is published online. If The Beatles wrote a song about music royalties, the band would sing about a “Long and Winding Road” to higher subscription fees and better pay for artists and labels. The music subscription business model has become the record industry’s main breadwinner since launching in the early 2000s. But for two decades, many artists and rights holders have bristled at the royalty rates paid by streaming services. Some rates have improved: ad-supported royalties grew as online advertising matured. Royalties from subscription services have less wiggle room for change, however. The biggest innovation is a change in how to divvy a...
Investors have reason to feel upbeat about subscription businesses after Netflix revealed better-than-expected quarterly results on Tuesday (July 19). Netflix subscribers dropped 970,000 subscribers to 220.7 million in the second quarter — it warned in April that it expected to lose as many as 2 million subscribers — and forecast a 1 million-subscriber gain in the third quarter. Analysts polled by Refinitiv expected Netflix to lose an average of 1.84 million subscribers in the second quarter, according to Reuters. The good news caused Netflix’s share price to quickly rise 8.2% to $218.15 in after-hours trading on Tuesday, up from $201.63 on Monday, when shares gained 5.6%. Still, Netflix shares are down 66.5% year to date through Tuesday. Tuesday’s announcement was also good news for other...
In February, Crosby, Stills & Nash joined their old bandmate Neil Young in removing their music from Spotify to protest the spread of COVID-19 misinformation on the platform. Now, five months later the musicians’ music is back on the platform. Young spurred a sort of Spotify Exodus earlier this year when he announced he was taking his music off the streaming service to protest the COVID-19 misinformation spread by Joe Rogan’s Spotify-exclusive podcast. Graham Nash followed suit first, removing his solo recordings from the streamer and announcing “I completely agree with and support my friend Neil Young.” Soon after, Crosby and Stills’ solo works, as well as all music recorded as CSNY, CSN, and CN, had been taken off Spotify. Now, Crosby, Stills & Nash are back on Spotify as a ...
Crosby, Stills & Nash music can now be streamed on Spotify once again, five months after David Crosby, Graham Nash and Stephen Stills requested their labels remove their recordings in support of Neil Young‘s decision to leave the streaming service. Explore Explore See latest videos, charts and news See latest videos, charts and news Their music is available via Spotify as of Saturday (July 2). CSN will donate proceeds from streams to COVID-19 charities for at least a month, a source tells Billboard. In February, the band members commented, “We support Neil and we agree with him that there is dangerous disinformation being aired on Spotify’s Joe Rogan podcast. While we always value alternate points of view, knowingly spreading disinformation during this global pandemic has deadly conseq...
The electronic music community is constantly evolving with new sounds every week, as artists become more innovative with their compositions. EDM.com’s weekly “Playlist Picks” series highlights the top releases in the genre, helping uncover the latest tracks that will soon dominate the dance music scene. EDM.com Top Hits I Took A Ride – Zeds Dead Whole Again – Steve Aoki & KAAZE Calabria (Claptone Remix) – Rune Festival Hits 2022 Westcoaster (AC Slater Remix) – Night Bass True Colours – Sivz Scroll to Continue Recommended Articles Watch That Tongue (Eleganto Remix) – Cloverdale Electronic Avenue Pick Yourself Up – Slushii Moment – Athena & smle IF THIS IS A DREAM – k?d These tracks can be accessed on the EDM.com...
The electronic music community is constantly evolving with new sounds every week, as artists become more innovative with their compositions. EDM.com’s weekly “Playlist Picks” series highlights the top releases in the genre, helping uncover the latest tracks that will soon dominate the dance music scene. EDM.com Top Hits BREAK MY SOUL – Beyoncé pogo – bbno$ & Diplo WTF – Dr. Fresch Festival Hits 2022 La La La – CID Scroll to Continue Recommended Articles Mind Games – Yurie Laserbeam – Ray Volpe Electronic Avenue Never Be – Tsu Nami & Jade Alice Forever With U – Slushii Eden – Juelz These tracks can be accessed on the EDM.com Top Hits Playlist, Electronic Avenue Playlist and Festival Hits 2022 Playlist. [flexi-co...
The electronic music community is constantly evolving with new sounds every week, as artists become more innovative with their compositions. EDM.com’s weekly “Playlist Picks” series highlights the top releases in the genre, helping uncover the latest tracks that will soon dominate the dance music scene. EDM.com Top Hits XYZ – deadmau5 DON’T YOU WORRY- Black Eyed Peas, Shakira & David Guetta Wurk – Green Velvet, Mihalis Safras & Dajae Festival Hits 2022 Nowhere – Wenzday Scroll to Continue Recommended Articles One More Time (Curbi Remix) – Kiesza & Nytrix Moon Groove – Noizu Electronic Avenue Here Now (With Love, Alexa) – Party Favor Desire – MYRNE & Joy Alexis Remember – yetep & Josh rubin These tra...
Sonantic is bringing a slew of new voices to the Spotify platform. Co-founded by Zeena Qureshi and John Flynn in 2018, the AI voice company has been acquired by the streaming giant, TechCrunch reports. Sonantic’s technology addresses two key functions. First, the company has the capabilities to produce high quality text-to-speech results fit for a professional studio. And perhaps more intriguingly, Sonantic enables the creation of vocal models based on samples. The company has also worked with professional actors to synthesize their voice into a programmable format. Using this program, actors can complete multiple voiceover projects simultaneously without actually having to be present. Each time their vocal program is utilized commercially, the actors receive a royalty payment. ...