How much do streaming services pay artists? It’s a question that has been asked a lot lately of services such as Spotify, Mog, Rdio, Rhapsody and even iTunes. And it has led to some good debate about some important topics. But the question itself is pointless because it cannot be answered accurately -- and because subscription services do not directly pay artists.Also, Spotify scores another good hire; Slowtrain Records is closing down; and Filter Squad closes $1.1 million round of funding.
How much do people want to discover new music? SoundHound says its music identification app is used to identify four million songs per day. That works out to more than 1,000 acts of discovery each second... Ticketmaster U.K. has integrated social features into its 1,000-plus interactive seat maps... Pandora and Vevo tied for first place in the new Jack Myers Survey of Advertising Executives on Online Media Value and Sales Organization Performance...
SoundExchange announced on Tuesday that it paid out a record $88 million to 18,300 artists and labels in the third quarter of 2011. The payments cover royalties collected from Internet radio, satellite radio and cable TV music-only channels.
Muve Music, the music subscription service of Cricket Communications, has signed a licensing deal with global rights agency Merlin. The deal adds more than 2 million songs to the wireless company’s music service.
Vevo again ranks at #2 on comScore’s list of top U.S. online video properties, racking up 57.3 million unique visitors and 748.2 million videos in the September. Also, 94% of the 100 leading companies surveyed are ramping up their social-media efforts; one manufacturer suggests that a lot more vinyl is being sold than we suspect; and it's a tough time to be Netflix.
Something great has happened in 2011: After almost stagnating in the last half of the 2000s, digital music is once again a hotbed of ideas, investment and consumer interest, and rights owners are proving themselves to be more flexible than ever. Billboard's FutureSound conference in San Francisco Nov. 17-18 will examine these trends and much more.