The Indie Music Publishing Summit Is Definitely a Thing — Here's Who's Attending

The Indie Music Publishing Summit Is Definitely a Thing — Here's Who's Attending

AIMP’s Indie Music Publishing Summit is now a bonafide series. It looks like the Association Indie Music Publishers (AIMP) is rapidly filling seats at its recently-hatched Indie Music Publishing Summit.  The shindig, now in its second year, is slated for June 12th  in New York — with huge buy-in across the broader publishing sector. We’ve attended a number AIMP events […]

SoundCloud's Financial Losses Are Way, Way Worse Than We Thought

SoundCloud's Financial Losses Are Way, Way Worse Than We Thought

SoundCloud’s revenues topped $100 million last year.  That’s great!  But, its losses totaled nearly $100 million in 2016.  It will likely grow even more.  =( Speaking with the Financial Times just over a week ago, SoundCloud CEO Kerry Trainor confirmed that the popular streaming music platform has exceeded its financial and user growth targets.  The company’s total sales surpassed $100 […]

Spotify Is About to Receive a Giant Gift from Congress. Time for Another Acquisition…

Spotify Is About to Receive a Giant Gift from Congress. Time for Another Acquisition…

The Music Modernization Act (MMA) will forgive Spotify for years bad behavior.  Ahead its passage, the company is already moving forward with some post-MMA acquisition plans. Spotify’s ‘non-IPO’ came with a lot complex puzzles.  For example: why is a company that has lost $3 billion — and $1.5 billion in the last year — worth $26.5 billion on Wall Street? Smart analysts […]

Netflix Is About to Tell the Cannes Film Festival to Go F—k Itself

Netflix Is About to Tell the Cannes Film Festival to Go F—k Itself

Netflix might not bring any titles to the Cannes Film Festival — so there. So this whole beef started with a statement by Cannes Film Festival director Thierry Fremaux.  You see, Fremaux declared that Cannes won’t allow any films from Netflix into the prestigious competition.  The reason was that Netflix doesn’t release its films to theaters — and more specifically, French theaters. […]

Sony Never Paid a Piece of Their Spotify Advances. So Why Are They Paying on the IPO? – Digital Music News

Sony Never Paid a Piece of Their Spotify Advances. So Why Are They Paying on the IPO? – Digital Music News

It’s not that Sony wants to give you the money.  It’s that they simply can’t afford not to. Once upon a time, Sony Music Entertainment charged their artists a fee for every CD sold.  Why?  Because Sony, along with Phillips, co-developed the CD back in the early 80s, thereby making them the patent owners.   So you — the artist, sub-label, whatever — […]

Sony Music Just Dumped $250 Million Worth of Spotify Stock

Sony Music Just Dumped $250 Million Worth of Spotify Stock

Spotify’s first day on the New York Stock Exchange went smashingly great.  But does Sony Music Entertainment know something we don’t? Amidst all the hoopla surrounding Spotify’s big day at the New York Stock Exchange, something got overlooked.  Turns out Sony Music Entertainment, one Spotify’s largest shareholders, was dumping roughly $250 million in shares.  And they did it in a […]

Breaking: Microsoft Acquiring Spotify In $41.8 Billion Cash, Equity Deal

Breaking: Microsoft Acquiring Spotify In $41.8 Billion Cash, Equity Deal

Microst has now finalized a massive, $41.8 billion acquisition deal involving Spotify.  The deal effectively cancels Spotify’s direct listing on the New York Stock Exchange. Microst Corporation, one the largest and most powerful tech companies in the world, is now acquiring Spotify in a deal valued at approximately $41.8 billion.  The news was first reported over the weekend by the […]

Dear Music Publishers: Please Pay Us Our Money from Your Facebook & Spotify Deals. Signed, Your Songwriters

Dear Music Publishers: Please Pay Us Our Money from Your Facebook & Spotify Deals. Signed, Your Songwriters

The following comes from the British Academy Songwriters, Composers & Authors (BASCA), a group that has recently unveiled a new campaign called #soldforasong. BASCA applauds the recent commitments by major labels to share in any financial benefits from Spotify’s forthcoming direct listing with their artists and associated indie labels, and calls for similar commitments from music publishers that any such […]

Facebook Is Triggering a Massive Global Implosion — But Also Signing Some Interesting Music Deals

Facebook Is Triggering a Massive Global Implosion — But Also Signing Some Interesting Music Deals

Facebook continues to pursue music licensing deals – this time outside the U.S. As Facebook triggers a massive worldwide stock plunge while eviscerating democracy and setting the stage for World War III, they’re also signing some interesting music deals.  Just this week, the social media giant inked a trio global licensing pacts. The deals involve French performance rights society SACEM, […]