REWIND: The new music industry’s week in review
A busy week by any definition, and the music industry was no exception, with YouTube now allowing text editing on videos, Spotify is growing rapidly, NY bans hidden concert ticket fees, and more.
- Single adds tokengated NFT commerce for musicians, others as Shopify invests
- YouTube finally allows text markup in video descriptions
- Facebook is changing how musicians, rightsholders (and fans) get paid
- Beatport’s joins growing fight for platforms by acquiring LabelRadar
- Web3 music streamer Audius loses $6M in crypto hack
- Spotify grew 14% in 3 months to 433M users, revenue up 23%
- New York State is ending hidden concert ticket fees
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