Documents filed by holding company Spotify Technology show that revenue more than doubled in 2012. The music streamer’s revenue took in $577 million USD, as it doubled it’s user base and expanded into new markets. Spotify currently has about 20 million active users of which 5 million pay for a premium mobile and ad free […]
One of the biggest frustrations for industry and media can be trying to get in touch with a band. Social media is great for many things, but for “official” communication and logistics, not so much. When doing website reviews at Bandzoogle, we tell people that if there’s one place online where people should be able to […]
According to Billboard SoundScan mid-year numbers provided by A2IM, report, indie labels hit a record high with 34.4% of the overall market share based on master ownership (not distribution). That’s up from last year’s mid-year mark of 32.9%. Top selling independent label artists so far this year include: (noted in album/TEA sales) Mumford […]
Depending on your tastes, you may or may not know producer Metro Boomin from his work with Future, Ludacris & Yo Gotti. However, even if you’re unaware of the 19-year-old “Karate Chop” producer, you’ll appreciate hearing how he worked his way up the ladder in this quick documentary. Shot by Mercy Hope Productions, this six-minute […]
Signaling the strength of Internet and satellite radio, SoundExchange paid out a record $149 million to record labels and artists in the second quarter of 2013, 55% increase over the same period in 2012. SoundExchange is the non-profit organization that collects performance royalties from digital music services and distributes them to record labels, performing artists […]
A close look at the iTunes licensing agreement for indie labels shows iTunes Radio royalties have limited downside and strong upside. The minimum royalty calculation ensures labels will be paid a decent royalty until iTunes Radio becomes effective at generating revenue. iTunes Radio could be very valuable to labels if Apple can convince listeners to buy downloads […]
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