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A lyrical legacy endures

A lyrical legacy endures

Johnny Mercer's imprint is all over The Great American Songbook. He's best known for writing the lyrics to more than a thousand songs- for Broadway, for Tin Pan Alley, for film, and for pop singers. Johnny Mercer's imprint also is all over Savannah, GA., the verdant and historic city where he was born. Any place live ...

Sony, Universal Earn $500K Every Hour From Streaming

Sony, Universal Earn $500K Every Hour From Streaming

While streaming is often slammed for how little money it brings in, it turns out that this is more an issue for the artists, and the major companies behind the music like Sony and Universal are pulling down plenty of cash from streaming. Guest post by Bobby Owsinski of Music 3.0 The naysayers have always been ...

Deezer Adds $185M, Strategic Partner That Should Make Spotify and Record Labels Very Nervous

Deezer Adds $185M, Strategic Partner That Should Make Spotify and Record Labels Very Nervous

Earlier this month Deezer added $185 million at a valuation of more than $1 billion. New investors include a top Middle Eastern music and media company poised to give the streamer a distinct competitive advantage on the region. Dubai based  media conglomerate Rotana has taken a major stake in music streamer Deezer.  Controlled by Prince Al-Waleed ...

City National Acquires Exactuals Artist PaymentHub

City National Acquires Exactuals Artist PaymentHub

City National Bank has acquired Exactuals, the LA based creator of entertainment industry payment system PaymentHub. In 2017, City National participated in a $10 million funding round for Exactuals. Details of today's deal were not disclosed. Mike Hurst will remain CEO of Exactuals. He and the firm’s other executives are being retained with multi-year contracts.   About Exactuals ...

Audius Raises $5.5M For 'SoundCloud On The Blockchain'

Audius Raises $5.5M For 'SoundCloud On The Blockchain'

Audius has raised a $5.5 million to use blockchain and cryptocurrency to assure that artists are paid fairly. It's a pitch made repeatedly by numerous startups in recent months, but Audius now has the capital to actually move this game-changing concept forward.   Music tech startup Audius has raised a $5.5 million Series A funding round led ...

iHeartRadio Passes 120 Million Users

iHeartRadio Passes 120 Million Users

iHeartMedia may be bankrupt, but radio still lives... online at least. iHeartRadio says that it has surpassed 120 million registered users, adding another 10 million listeners over the last few months. Beyond its radio and music streams, iHeart attributes the growth to the addition of 20,000 podcasts, including 750 iHeartRadio Original podcasts, new music streaming features ...

How To Get Into Vinyl On A Tight Budget

How To Get Into Vinyl On A Tight Budget

Collecting and listening to vinyl can be a delightful hobby for music enthusiasts from all walks of the industry, but the nature of the medium can often make getting into vinyl financially intimidating. Here we look at how to become a vinyl enthusiast on a budget. Guest post is written by Michael L. Moore of Devoted ...

WMG Sells All Spotify Stock, Pays Artists, Labels $126M

WMG Sells All Spotify Stock, Pays Artists, Labels $126M

Warner Music Group has sold its entire holdings in Spotify stock for $504 million and will begin payments to artists and labels this month, the company announced on an earnings call Tuesday.  “In February 2016, we were the first major to announce a policy to share proceeds from equity in streaming services with artists,” said WMG ...

Soundbetter Passes $10 Million Paid To Musicians, Producers

Soundbetter Passes $10 Million Paid To Musicians, Producers

SoundBetter, a marketplace for music production talent, announced that it has delivered over $10 million to artists and producers on the platform. “Most of that in the past 18 months," according to Shachar Gilad, SoundBetter Founder and CEO. SoundBetter helps artists create “release-ready" songs by connecting them with music producers, singers, songwriters sound engineers, while helping ...

Why Congress Should Support Startups In The Music Modernization Act

Why Congress Should Support Startups In The Music Modernization Act

In this piece Chris Castle breaks down the latest inside the world of the Music Modernization Act, and why the law needs to be altered in order to restore balance between the rule makers and the rule takers, and better support startups in their bids for success. Guest post by Chris Castle of Music Technology Policy ...