Vinyl sales continue to increase despite supply problems
Vinyl sales are continuing their dramatic upward trend despite ongoing manufacturing and supply issues. Last week’s vinyl sales topped 700K up 1.4% over the same week last year, reports Making. Continue reading
Independent vs. Major labels: Who is growing faster?
You may feel confident in your answer to this question, but if you keep reading you’ll find something that may surprise you. by Mark Mulligan of MIDiA from The Music. Continue reading
Music engagement and spending hit record highs driven led by streaming, vinyl, social video [MusicWatch]
Music engagement and spending are at record levels as more US consumers embrace music subscriptions and explore music in a more diverse way than ever, according to the latest consumer. Continue reading
Downtown Music to invest $200M independent artists and music businesses
Downtown Music has recently launched a fund of $200 million dollars to support independent artists and businesses in the music industry. from Celebrity Access. Music services provider Downtown Music Holdings. Continue reading
Indie Spotlight: The Orchard
The Orchard celebrates 25 years! beginning as “a place to grow” to becoming the world’s leading music distributor and artist & label services company. From The Orchard via A2IM. Planting. Continue reading
WMG joins Sony, UMG, Spotify others in Russia shutdown [Full Statement]
This morning Warner Music Group became the last of the major label groups to suspend operations in Russia. Here is the full official WMG statement: Warner Music Group is suspending. Continue reading
WMG joins $14.5M LifeScore AI music funding round
AI music tech company LifeScore has raised an additional $14.5 million in funding, LifeScore creates adaptive music on demand that is algorithmically tailored to the context of the listener’s mood. Continue reading
Warner, Universal Music join Sony in cancelling unrecouped advances for legacy artists
“[We’ve] announced a legacy unrecouped advances program where, for our artists and songwriters who signed to us before 2000 and didn’t receive an advance during or after 2000, we won’t. Continue reading
MORE MUSIC NEWS: WMG, UMG wipe unrecouped balances • Sony Music revenue rises 24% • Rock Hall noms • Opulous defends • more
WEDNESDAY 2.2.2022 • Music Business News From Across The Web Updated Continuously Under MORE NEWS Tab Above
Removing music from Spotify cost Neil Young and WMG 60% of his streaming income
Spotify removed virtually all of Neil Young’s music late Wednesday after he wrote in protest of Spotify exclusive podcaster Joe Rogan’s false statements about the Covid-19 vaccine. “They can have. Continue reading
