Matthew Lutz, Founder & CEO, Music Benefactors On November 14th, 2019, Taylor Swift wrote an open letter to the public, the music industry, and, most importantly of all, her many millions of fans. In it, Swift — who has sold over 50 million records and became a global sensation long before her 30th birthday — […]
Fifty-two years after its founding, the storied Chrysalis Records is reemerging as a frontline label. The record company’s officials announced today that their brand would relaunch as part of an agreement with Partisan Records, a Brooklyn-based independent label. Partisan was founded in 2007, and its roster currently includes well-known indie acts such as Cigarettes After […]
YG image by 5sr, licensed under Creative Commons Attribution 2.0 Generic (CC by 2.0) Rapper YG has inked a JV deal between his label, 4Hunnid, and Sony Music Entertainment’s Epic Records. Per a deal first tipped by Variety this (Wednesday) morning, the Compton rapper will tie with Epic/Sony on all future works. The deal spans distribution as well as […]
photo: Diego Catto The music and entertainment industry has experienced a noticeable decline in the way its traditional record label and entertainment houses were initially set up to capitalize on the creative talents of the artists and musicians it signed. The following article comes from AMW Group, a proud partner of DMN. In the past […]
RIAA breakdown of 2019 streaming revenues, part of its broader recorded music market report. According to a detailed report shared this (Tuesday) afternoon by the Recording Industry Association of America (RIAA), 2019 brought a substantial uptick in US-based music industry revenue. Streaming catapulted the double-digit gains; the format is now larger than the entire US-based […]
Photo Credit: Genius Fuse Media is teaming up with Genius to bring its lyrics-focused content to TV in March. The series Genius x Fuse will bring artist-focused content like Verified and Deconstructed to TV viewers. In the first episode, Alicia Keys breaks down the meaning of her hit, “Underdog” on Verified. 2 Chainz discusses his […]
BTS frontman RM (photo: Yun_Q) BTS label/management group Big Hit Entertainment just doubled its earnings and substantially increased its 2019 profits. Big Hit Entertainment, the company behind BTS, earned nearly $500 million in 2019, according to a recently delivered corporate briefing. The Seoul-based business’s total revenue doubled from 2018’s level to $495.2 million, with profits […]
Spotify Offices in Manhattan Spotify closed 2019 with 124 million premium subscribers—a 29 percent increase from 2018’s year-end figure—but this user influx wasn’t enough to prevent the company from sustaining heavy overall losses. Spotify’s earnings report also indicated that the streaming service’s premium-subscriber base grew 10 percent between the third and fourth quarters, and that […]
Photo Credit: Pandora SiriusXM revealed some new information about its subscribers’ growth rate for its satellite service and Pandora. SiriusXM added 355,000 satellite radio subscribers during Q4 2019. That breakdown includes 341,000 self-pay customers and 14,000 promotional subs. That number is slightly up compared to a year ago when it added 346,000 new subscribers. SiriusXM […]
After a nine-year relationship, country duo Florida Georgia Line (FGL) has separated from Nashville’s Big Loud Management. In a statement, FGL spoke positively of their time with Big Loud and indicated that their professional needs have grown during the last decade. Big Loud, also via the statement, wished members Tyler Hubbard and Brian Kelley luck […]