Tencent Music Entertainment (TME), the largest music company in China, will launch a new joint-venture record label with Warner Music Group (WME) the two labels announced Monday afternoon. Along with the formation of the new label, TME and WMG said they have secured a new licensing deal to keep WMG’s …
Read More »What YouTube's TikTok-Style 'Shorts' Mean for the Music Business
Six months after first launching in India, YouTube is bringing the beta for Shorts — its TikTok-style verticalvideo format — to the U.S., the company announced on Thursday. This drops yet another competitor into the Western music market’sincreasingly crowded short-form video space — albeit one whose relevance to the music …
Read More »More People in the U.S. Bought Music Subscriptions Than Ever In 2020
Even as live music massively struggled, the recorded music industry saw another booming year out of 2020, according to a year-end report from the Recording Industry Association of America (RIAA) released on Friday. In line with video-streaming services’ boom during the year of quarantine, the RIAA found that paid music-streaming …
Read More »Universal Music Group Is Investing in Thai Pop
You may not have heard of Lyra yet, but the music video for their eponymous debut single, which dropped two days ago, already has more than two million views on YouTube. Early Friday morning, Universal Music Thailand announced that the major label entity has partnered with leading Thai music company …
Read More »Music's Biggest Companies Are Asking Legislators to Save Indie Venues
In the latest push of the National Independent Venue Association’s request for government assistance for shuttered concert venues, several of the music industry’s most powerful companies and organizations have signed a letter to federal legislators imploring the government to take action. The world’s three biggest music companies — Universal Music …
Read More »Warner Music's Newest Artists Are… Hot Wheels and Barbie
Warner Music Group and major toy maker Mattel have entered a multi-year exclusive distribution deal, the two companies announced on Friday, giving Warner access to Mattel’s catalog of over 1,000 children and family friendly songs from iconic toy brands including Hot Wheels, Barbie, American Girl, Fisher-Price and Thomas and Friends. …
Read More »Could Augmented-Reality Video Offer a Potential Blueprint for Canceled Shows?
As music fans continue to shelter in place, indie rock band Real Estate has decided the show must go on — just a little differently. Real Estate was originally supposed to tour venues through April and May in support of their newest album, The Main Thing, which dropped via record …
Read More »Does Music Touring Insurance Cover Coronavirus? It's Complicated
Coachella is on hold for six months. Concert giants Live Nation and AEG are pausing all tours. As festivals, shows, and other music events flounder due to the global coronavirus outbreak, many in the music business are scrambling for answers from tour insurance — only to find that insurers don’t …
Read More »Spotify's New Tool Wants to Make Liner Notes Cool Again
Spotify is launching a new feature called Songwriter Pages that aimsto give listeners a better look at the creators behind their favorite songs. The streaming service has roped in hit writers includingMeghan Trainor, Fraser T Smith (Adele, Sam Smith), Missy Elliott, Teddy Geiger (One Direction, Shawn Mendes, 5 Seconds of …
Read More »At Work With Emily Lazar, Grammy-Winning Mastering Engineer
This is the second installment of Rolling Stone’s series At Work, in which we explore the fast-changing music business from the perspective of a different industry leader each week. Read the first here. Emily Lazar has mastered, without hyperbole, nearly 4,000 albums. The founder, president, and chief engineer of her …
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