3 Aug, 2023 | Admin | No Comments
New TuneCore Study Finds 39% of Independent Artists Are Uninterested in AI
Musicians and creatives alike are adopting artificial intelligence at breakneck speeds—and we’re only at the beginning. According to a study by TuneCore, 27% of musicians are using AI tools to create music. Additionally, 57% of respondents indicated they used AI to create artwork. While using the tech for fan engagement came in at a 20% […]
27 Jul, 2023 | Admin | No Comments
Spotify's Premium Plan Price Hike Results in $6 Billion Market Cap Loss: Report
Spotify‘s price increase of its individual Premium plan is not sitting well with consumers or investors. On Tuesday, July 25th, the Swedish streaming giant etched its second consecutive day of tumbling market losses after increasing the price of the plan from $9.99 to $10.99. The company’s stock dropped 11% on Tuesday, the largest single-day fall since […]
19 Jul, 2023 | Admin | No Comments
Melodies for the Masses: Why 3LAU Launched Royal.io, Where Fans Own the Soundtrack to Their Hearts
Music as an investable asset class has been the furthest thing from open, accessible and transparent. A privilege typically available exclusively to accredited investors and with little to no supporting infrastructure to determine valuation, investing in the illiquid music intellectual property market has historically been an exercise in cutting red tape and crossing ones fingers. […]
17 Jul, 2023 | Admin | No Comments
Create Music Group Acquires Music For Pets And Initiates Roadmap To Invest Additional $10M To Grow The Space
Create Music Group has announced the acquisition of Music For Pets and an upcoming $10 million roadmap to bring pet entertainment media to prominence, Music Business Worldwide reports. A press release issued by Music For Pets revealed that the startup already serves more than 20 million pets that collectively consume over 12 million hours of […]
20 Jun, 2023 | Admin | No Comments
The Recording Academy Weighs In With Grammy Guidelines on AI-Generated Music
The Recording Academy has gone public with its stance on AI: “Only human creators are eligible to be submitted for consideration for, nominated for, or win a GRAMMY Award.” The Academy’s new rules come at a time when the role of AI in the future of music creation has become a topic of consternation. Speaking […]
13 Jun, 2023 | Admin | No Comments
Major EDM Forums Join Reddit Blackout in Protest of Third Party Application Changes
Major electronic dance music forums on Reddit have joined a coordinated blackout in regards to recent policy changes on the platform. Reddit recently announced its plan to assess a controversial fee structure to third party developers leveraging the platform’s API, which has since drawn sweeping backlash from users and developers alike. Over 3,500 subreddits are […]
6 Jun, 2023 | Admin | No Comments
Survey Finds 73% of Music Producers Believe Artificial Intelligence Will Replace Them
What does artificial intelligence mean for the future of music production? In a new survey, music producers weighed in on AI and whether the burgeoning field will be a friend or foe to their creative ends. Verses from the contentious AI Drake—among other artists—are blowing up on streaming services, while big tech innovators such as […]
1 Jun, 2023 | Admin | No Comments
“The Crossover Effect”: Spotify Says Collaborations Lead to Higher Streaming Numbers
Collaborative projects lead to significantly more streaming success on Spotify, new research from the platform indicates. They’ve now quantified the impact of collaborations, the releases of which lead to higher streaming numbers and more organic searches while expanding the artists’ reach in new locations. Spotify calls this phenomenon “The Crossover Effect.” “We took a look […]
24 May, 2023 | Admin | No Comments
ASCAP and BMI Form Anti-Fraud Task Force to Combat “Suspicious Registrations”
U.S. performance-rights organizations ASCAP and BMI have teamed up to fight fraud associated with the registration of musical works. The task force will comprise a team of experts across copyright, technical, legal, business, distribution and product from the two organizations, according to Music Ally. The PROs also plan on working with other peers around the globe, […]