Music Industry News

Music Benefactors Wants to Solve the Crowdfunding Riddle for Musicians — Introducing the ‘Artist Public Offering’

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 — […]

Music Industry News

Storied Chrysalis Records Reemerges as a Frontline Label

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 […]

Music Industry News

YG’s 4Hunnid Label Inks a Joint Venture Deal With Epic/Sony

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 […]

Music Industry News

2019’s US-Based Streaming Music Market Was Larger Than the Entire Recorded Music Market in 2017

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 […]

Music Industry News

BTS Is Basically a Cash Machine — Big Hit Annual Revenues Hitting $500 Million

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 […]

Music Industry News

Spotify Reaches 124 Million Premium Subscribers — But Quarterly Losses Top $85 Million

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 […]

Music Industry News

Pandora Is Losing Subscribers – 88,000 Left the Service Last Quarter

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 […]

Music Industry News

Florida Georgia Line Parts Ways With Big Loud Management After 9 Years

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 […]