Michelle Lewis and Kay Hanley, two songwriters who double as the executive directors of advocacy group Songwriters of North America, describe their roles as “first responders to a fire,” their organizational missive as “building an army for when the big fights erupt,” and their career trajectory as de facto union …
Read More »The Eternal Revenue Stream of Led Zeppelin
While Led Zeppelin fans were busy digging up their favorite old T-shirts and nostalgia-dusted tour photos in the months leading up to the band’s 50th anniversary this year, Tim Fraser-Harding’s team at Warner Music Group was drawing up a battle plan. As Warner Music Group’s president of global catalog of …
Read More »Meet the 12-Year-Old With the Six-Figure Record Deal
He was eight when he got his first smartphone: an iPhone 5c in beaming lime green. He was 10 when his impromptu breakdance at a high school basketball game in Florida went viral. Now, at the grand old age of 12, Seth Vangeldren finds himself juggling marketing contracts in six-figure …
Read More »Peloton Is Being Sued by Music Publishers for $150 Million
Indoor bike company Peloton has amassed a cult following and a $4 billion valuation off of its dreamy lifestyle sell: Well-dressed men and women pedal their way to fanatically good health with the help of electrifying videos and hit songs. But the latter may have involved some cut corners, according …
Read More »How a Startup Accelerator Is Trying to Find the Next Spotify
An app allowing users to create videos with the face of any person in the world, an immersive entertainment platform that lets fans interact with things they watch and an augmented-reality live music company are among the nine new startups that Techstars Music believes can shape the future of music. …
Read More »A Music Startup Is Paying Artists For Their Future Royalties
In the music industry, big advance payments are old hat: A new artist lands a hit and a bunch of labels rush over waving multi-million-dollar checksfor his or her next album. But the high bets are often risky, and the cash only goes to a handful of names every year. …
Read More »SoundCloud, Making $100 Million a Year, Is Back on Solid Ground
SoundCloud, the Berlin-based streaming service whose launch of so many young rap careers spawned its ownmusic genre,upped its global revenue from 2016 to 2017 by more than 80 percent, according to its latest financial reports. The company, however, has been troubled recently byfinancial upheaval. The company’s 2017 accounts, recently filed …
Read More »