Music Industry News

Spotify Reportedly Paid $250 Million for Podcast Platform The Ringer

Spotify’s recent acquisition of The Ringer, a sports and pop culture website and podcast network, cost approximately $250 million.  Exact sales figures are expected to be publicly released in an upcoming SEC filing. According to an anonymous source spilling the beans to Bloomberg, however, Spotify will provide $200 million upfront, and the remaining $50 million […]

Music Industry News

Juice WRLD Family Members Getting Dragged Into $15MM Copyright Infringement Lawsuit

Order signed February 11th, 2020 by U.S. District Court Judge Consuelo B. Marshall Surviving Juice WRLD family members are now being dragged into a massive, $15 million copyright infringement lawsuit filed by Yellowcard prior to the rapper’s death. Juice WRLD suffered a tragic overdose on December 8th of last year while his private plane was […]

Music Industry News

Rage Against the Machine Headlining Reading + Leeds — Stormzy, Migos Also Topping the Bill

photo: Rage Against the Machine Organizers behind the Reading and Leeds Festivals just took to social media to announce the news.  The action begins in late August, though the annual frenzy starts now.   Friday’s performances will be headlined by rap sensation Stormzy; Saturday’s shows will feature former Oasis frontman Liam Gallagher; and Sunday will boast Rage Against […]

Music Industry News

YouTube Applause – New Viewer Support Feature Appears in Testing

YouTube appears to be testing a way for desktop viewers to reward content creators with ‘Applause.’ Users can buy the applause feature on specific creators’ videos to show support for that YouTube channel. The feature is a very similar concept to the microtransactions available to gamers on Twitch. Twitch viewers can purchase ‘bits’ for real […]

Music Industry News

Nipsey Hussle Documentary Sparks Intense Bidding War Between Netflix, Amazon, and Apple

Nipsey Hussle and Big Sean at Howard University, 2009 (photo: Big Sean CC by 2.0) Netflix is reportedly close to edging out Apple and Amazon for the rights to Ava DuVernay’s long-awaited Nipsey Hussle documentary.  However, at the time of writing, the deal hadn’t been made official, as was widely reported. Instead, Hussle’s Marathon Films […]

Music Industry News

Apple Music Has Been Quietly Expanding Its Preferred Distributors List – Here’s Who Made the Winner’s List

Photo Credit: Unsplash The Apple Music Preferred Distributors Program continues to grow two years after release. Here’s how things look.  Back in November 2018, Apple launched its Preferred Distribution Program. Three partners were listed as “Preferred Plus” partners – including The Orchard, Kontor New Media, and CD Baby. This list has now expanded to two […]

Music Industry News

TikTok App Downloads Top 104.7 Million In January – Up 46% In One Year

Despite the ongoing U.S. investigation, TikTok growth continues to be astronomical. TikTok is the most downloaded non-gaming app worldwide in January 2020. The app reached 104.7 million installs during that period. That’s a 46% increase in total downloads compared to January 2019. India accounts for 34.4% of those downloads, with Brazil clocking in at 10.4% […]

Music Industry News

RealNetworks CEO Rob Glaser Buys $10 Million in Napster Stock

RealNetworks founder, chairman, and CEO Rob Glaser has invested $10 million in his company’s stock.  According to the SEC filing, Glaser’s investment in Napster, which was funded personally, translates to 8,064,516 shares, with each costing about $1.24. Upon the purchase’s announcement, RealNetworks’ stock, traded under the symbol RNWK, saw its value jump by about 25 percent.  […]