Before touching down in Austin to perform at the annual South by Southwest music bacchanal this year, folk-pop duo Lily & Madeleine received a curious email from their manager. It said that, while at the festival, the two artists should make sure to go talk to a small industry group …
Read More »Album Sales Are Dying as Fast as Streaming Services Are Rising
In 2018, Best Buy decided to stop selling CDs, with the change partly brought on by record labels’ increasing reluctance to even issue them.Both choices are symptoms as well as causes of a seemingly inevitable trend:Buying music is now going out of style nearly as fast as streaming music is …
Read More »Sony's New Concert Venue Is Also a DIY Recording Studio
Sony has set up shop on Mulberry Street in New York’s Soho neighborhood this winter — not with a store, but a pop-up concert venue that doubles as a immersive recording studio offering “multi-dimensional audio technology” for people to create their own songs for free. For the third installment of …
Read More »Rap Is Leading the Music Industry's Resurgence
Here’s music to everybody’s ears: The U.S. record industry – which is only just beginning to recover from a dismal two-decade slide – continues to be on the upswing. In the first half of 2018, total consumption in both streams and sales grew 18 percent, according toNielsen’smid-year reportreleased Friday morning. …
Read More »Spotify Admits Its R. Kelly Ban Was 'Rolled Out Wrong'
It took Spotify only two weeks to backtrack on its tendencious new policy around hateful speech and conduct. In hindsight, CEO Daniel Ek now concedes that the streaming service “rolled this out wrong and we could have done a much better job.” On May 10th, Spotify, under new rules around …
Read More »As Spotify Prepares to Go Public, Music Industry Divided on Royalties
Spotify‘s plan to go public, filed last week, could generate $23 billion and make the world’s biggest record labels hundreds of millions of dollars richer — but the Swedish streaming giant has yet to soothe grumbling and litigious artists and songwriters who say its royalty payments are unfairly low. “They …
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