1. SoundExchange Royalty Payouts Rise Again, Is Poised for Another Record Year

    August 21, 2014 5:24 PM EDT SoundExchange paid out $161 million to performing artists and rights holders in the second quarter, an 8-percent increase from the same period last year. The number of royalty recipients -- both performing artists and record labels -- increased 34 percent to 22,343. The quarterly…

  2. SoundCloud Debuts Monetization Play With 'On SoundCloud', Announces $100 Million In Funding

    August 21, 2014 11:01 AM EDT The successful audio platform has launched it's first advertising initiative, and plans a subscription service in the near future. It’s a new era for SoundCloud.   The audio platform has long been a home to unsigned, independent and even established artists to debut new material --…

  3. No Surprise Here: Spotify Streams Soar While Track Sales Fall

    August 20, 2014 2:54 PM EDT Streaming activity at the most popular music subscription service has soared as digital track sales have fallen over the past year. The streaming numbers comes from Music Ally 's analysis of Spotify's Top 50 chart over the course of a year. It found the Top 50 tracks in the U.S., in…

  4. Hello, World: Bandposters and Its Smart, Simple Idea

    August 20, 2014 11:30 AM EDT Name: Bandposters Founders: Jonathan Sexton (CEO), Mike Fabio (COO), Travis Vignon (CTO) Founded: 2013 Location: Nashville, TN Business sector(s): Marketing Funding: Undisclosed seed round Investors: Mark Montgomery, Joe Glaser, Jonathon Barnes, Tom Osborne, Back Porch Group Strategic…

  5. Mixcloud Adds Two Paid Tiers

    August 20, 2014 10:41 AM EDT Mixcloud , the London-based Internet radio company that specializes in long-form EDM content, is offering paid tiers of service to complement its advertising-free radio product. The premium-tier account removes advertisements and costs $6.99 per month or $69.99 per year. A paid tier of…

  6. Russian Streaming Startup Zvooq Has a Unique Strategy (and Just Received $20M in Funding)

    August 19, 2014 3:20 PM EDT The piracy-rife country has a new, above-board option for music streamers -- with a pricing twist to boot. Russian music streaming service Zvooq has raised $20 million in Series A funding, led by Russian e-commerce company Ulmart with participation of Essedel Capital, a Finnish private equity…

  7. Guest Post: Why Honda's $50 Million Play for Music Content Isn't Working

    August 19, 2014 2:54 PM EDT The company's expensive play isn't adding up. We all know that music marketing spending is growing exponentially. Like mobile, digital or social, it has the power to improve the bottom line, to unite people, and to put brands in a position of providing actual real-life value. So……

  8. Pharrell's 'Happy' is a Rare Bright Spot in Track Sales This Year

    August 18, 2014 12:12 PM EDT If U.S. track sales in 2014 had one theme, it would be "Happy" versus everything else. Pharrell 's hit song is the only top 200track of 2014 that's outselling its 2013 counterpart. And it's the only track to have bucked the downward trend in sales that is reshaping…

  9. SFX Revenues Rise, But Deepens Loss in Second Quarter

    August 14, 2014 2:37 PM EDT SFX, the young conglomerate built around EDM concert promotion, multiplied its revenue but experienced a deeper net loss in the second quarter. Revenue grew 199 percent, to $82 million, while net loss increased 77.6 percent, to $43.7 million. "We're on our way," said Robert…

  10. Glenn Danzig Loses Misfits Merch Money Lawsuit

    August 13, 2014 6:05 PM EDT Glenn Danzig 's lawsuit against former Misfits bandmate Jerry Only -- who leads the oldies circuit incarnation of the groundbreaking punk band -- has been thrown out of court . Danzig claimed Only entered into contracts with various stores, including Hot Topic, to sell Misfits merch…

  11. Indian Streaming Service Saavn Raises Second Round of Funding

    August 13, 2014 4:27 PM EDT Indian music streaming service Saavn has raised a fresh round of capital, according to CrunchBase , which puts the Series B round at $4 million, well below the $30-$40 million figure floated last month in the Economic Times . A week-old article at The Next Web says Saavn co-founder Rishi…

  12. Asian-Americans Outspend Average Music Fans, New Study Shows

    August 12, 2014 5:39 PM EDT If you want to better understand affluent, digitally savvy music consumers, get to know the 19 million Asian-Americans in the United States. A new Nielsen report , "Listen Up: Asian-American Consumers and Music," details a multi-cultural group that spends more on music and that…

  13. Smule Reveals Artist Program to Foster 'Organic' Fan Engagement

    August 11, 2014 1:44 PM EDT Smule, developer of music apps such as Magic Piano and Sing!, has launched a program that will help connect bands with fans. Called the Smule Artist Program, the initiative provides artists and labels access to 20 million active users who, through their creative efforts on Smule apps, have…

  14. Rhapsody Revenues Rise in Second Quarter

    August 08, 2014 5:32 PM EDT Rhapsody hasn't made its music subscription service profitable, but it's definitely growing. Revenues grew 22.3 percent to $42.4 million in the second quarter, according to figures detailed in the latest earnings release from RealNetworks, which owned about 45 percent of Rhapsody at…

  15. Behind Myspace's Troublesome Second Act

    August 08, 2014 11:16 AM EDT The once formidable site must "continue to shift" strategy. Myspace is trying to achieve what made Steve Jobs and Tina Turner legendary: a successful second act. But the former king of social networks has failed to win over consumers and musicians since its re-launch as a music…

  16. Warner Music Group Sees Revenue Growth After Parlophone Buy, Streaming Strengthens

    August 07, 2014 11:30 AM EDT Digital revenue continued its upward trend, with streaming helping to offset some download losses. Warner Music Group revenue increased 18.9 percent to $788 million in the quarter ended June 30 with the help of its acquisition of Parlophone Label Group and gains from music streaming services.…

  17. Pandora Signs First Direct Label Deal With Merlin

    August 06, 2014 8:30 AM EDT The deal will allow artists and labels a deeper look at Pandora's data on fans -- and have some financial benefits, too. Pandora has established a partnership with independent rights group Merlin that marks the Internet radio company's first direct deal with record labels. Rather…

  18. Rhapsody Hires Ex-Exfm Staff, Schematic Labs Teams

    August 04, 2014 4:29 PM EDT The streaming service is looking to strengthen music discovery for its users. Rhapsody International has announced two moves to help its music service better connect listeners with songs: the acquisition of the Soundtracking app and technology, as well as the team behind the social music app…

  19. 5 Seconds of Summer: 'If Anyone Puts Us Down, We Don’t Care'

    August 04, 2014 9:00 AM EDT They’d rather be known as a baby Blink-182 than a boy band. Music’s sudden sensation hits the road with a No. 1 album, screaming girls and a social media firestorm. It’s not hard to figure out where 5 Seconds of Summer is staying while on tour in Milan: Just follow the screams. Ten floors…

  20. Lollapalooza 2014 Sunday Highlights: Kings of Leon, Skrillex, Chance the Rapper Close Day 3

    August 04, 2014 2:45 AM EDT The rain poured heavily and consistently on the third and final day of Lollapalooza 2014, as downpours turned much of Chicago's Grant Park into a skating rink of sticky mud on Sunday (Aug. 3). The weather was unfortunate, but as the weekend became soggier, the performances turned…

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