Music Industry News

$62 Million Distributed to Musicians by the AFM & SAG-AFTRA Intellectual Property Rights Fund

The American Federation of Musicians (AFM) and SAG-AFTRA have distributed $62 million to musicians from their Intellectual Property Rights Distribution Fund (IPRDF). SAG-AFTRA and AFM announced the figure in a press release, which was shared with Digital Music News. Essentially, the Fund secures owed royalty payments (from “non-interactive digital streaming providers”) on behalf of non-featured […]

Music Industry News

After $5.7 Billion Facebook Investment, JioSaavn Parent Draws $750 Million from Silver Lake

(photo: Reliance Jio) Late last month, Digital Music News was first to report that Facebook had invested $5.7 billion in Indian telecommunications giant and JioSaavn owner Reliance Jio. Now, the sizable conglomerate, which is worth an estimated $66 billion, has received an additional $747 million (56.56 billion Indian rupees) from California tech-investment firm Silver Lake. […]

Music Industry News

Streaming Accounts for More Than 95% of All Latin Music Recording Revenues

Streaming accounted for 95 percent of Latin music’s 2019 United States earnings, which grew by 28 percent from 2018, to $554 million. The Recording Industry Association of America (RIAA) disclosed the statistics in its newly published U.S. Latin Music Revenues Report, which was shared with Digital Music News. The U.S. Latin music market grew by […]

Music Industry News

Fortnite Hosts Party Royale With Diplo & Major Lazer – No Weapons Allowed

Photo Credit: Epic Games Fortnite’s new no weapons “Party Royale” mode launched on Wednesday, with a Diplo set on Friday. The new violence-free mode removes weapons and building and introduces a much smaller map. Epic says the new mode is “an experimental and evolving space.” With Travis Scott’s Astronomical tour behind them, are more virtual […]

Music Industry News

There Are Now 341 Million Streaming Music Subscribers In the World

The global recorded music market grew by over eight percent in 2019, to $20.2 billion, and there are now more than 340 million worldwide music-streaming service subscribers. The International Federation of the Phonographic Institute (IFPI) published these and other telling stats in its Global Music Report, which was shared with Digital Music News. Per the […]

Music Industry News

Missouri Governor Says Music Concerts Can Resume Immediately

Photo Credit: Alexander Popov While some states remain on lockdown, Missouri Governor Mike Parson is re-opening his state. On April 27, Parson revealed a recovery plan that shows the state re-opening by May 4. That plan includes retail stores re-opening in limited capacities and restaurants re-establishing dine-in services. Missouri will also allow its residents to […]