Music Industry News

BMG Announces a 30,000 Square Foot LA Office Upgrade

BMG has announced that it will be moving its Los Angeles operations 7 blocks from its current facility, to a 30,000-square-foot space on the very same street: Wilshire Boulevard. This is just the latest of office moves for BMG, whose L.A. operations represent its largest grossing unit. In September, the company opened a massive new […]

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Music Industry News

Adult Mom Says Indie Label Tiny Engines Isn’t Paying Royalties — Or Even Sending Statements

Adult Mom is accusing her indie record label Tiny Engines not only of not paying her but also of using revenue from her releases to fund other artists at the label. In a long series of tweets, Adult Mom — whose real name is Stevie Knipe — says that Tiny Engines is neither providing her […]

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Music Industry News

What Plateau? Sony Music Quarterly Streaming Revenues Boom 21%

Earlier today, Sony Music reported its second-quarter financial results for 2019, with music streaming driving a sharp increase in revenues. In the period ending September 30th, Sony Music reported an operating income of 37.5 billion yen ($344 million), which is a 19% increase over the same period the year before. These results include the following operations: Sony […]

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Music Industry News

Sony Music Thinks the ‘Family Entertainment’ Market Is Untapped, Launches a New Label To Address It

Trying to capitalize on what it considers an “untapped” market, Sony Music UK is launching a label dedicated to children’s music. The new Sony Music UK label will be named Magic Star. Heading it will be Will Speer, who previously worked at NBCUniversal. There he ran international marketing operations for NBCU Kids, DreamWorks TV and […]

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Music Industry News

‘Insecure’ Star Issa Rae Is Starting a Label With Atlantic Records

Acclaimed actress Issa Rae just announced a joint-venture label deal with Atlantic Records. The new company, which is called Raedio, also released its first single, which was recorded by singer-rapper TeaMarrr and called “Kinda Love.” The song has already been pushed to major streaming services, and also features a video that co-stars Rae. Raedio is […]

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Tech News

Meet the Company That’s Paying Artists $9.99 Out of Every $10

Feedbands has a hair-brained plan that mixes cryptocurrency, crowdsourcing, and a vinyl subscription service.  Amazingly, it’s actually working for artists. DMN is proud to be partnering with Feedbands as they grow their artist-focused concept.  And if you’ve ever wanted to sell your music using crypto, Feedbands is a great place to start.  Here’s what this […]

Music Industry News

For Sale: 10% of Universal Music Group. Price: $3.3 Billion O.B.O.

Universal Music Group is having a very good year, and it might just get better. For those warning of an industry slowdown, Universal Music Group would beg to differ.   The mega-label just released its year-to-date earnings for the first 9 months of 2019, and the numbers are indeed impressive. The label group earned more than 5 […]

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Music Industry News

If Stormzy Didn’t Demand Ben Cook’s Dismissal, Who Did?

More questions than answers surround the abrupt departure of Atlantic Records UK president Ben Cook. The abrupt resignation of Atlantic Records UK president Ben Cook earlier this week is still causing ripples, with industry onlookers wondering exactly what prompted the exit.  Of course, the ‘what’ is a damning photo of Cook in a Run D.M.C. […]

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Music Industry News

Atlantic Records UK President Steps Down Over Blackface Allegations

An ugly situation is unfolding this morning involving Atlantic Records UK president — or, ex-president — Ben Cook. The longtime Atlantic Records UK president Ben Cook has officially tendered his resignation, citing issues stemming from a costume party seven years ago.  Cook did not disclose the exact details of his costume, except to state that […]

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Music Industry News

Tekashi 6ix9ine Signs a $10+ Million Record Deal While Still In Prison

There’s an old adage: “crime doesn’t pay.” Just don’t tell that to rapper Tekashi 6ix9ine, or he might just laugh in your face. While awaiting sentencing on firearms and racketeering charges, Tekashi 6ix9ine signed a new recording contract that will reportedly pay him north of $10 million.  Keep in mind, that’s an estimated figure and […]

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