musicindustry
The music industry has always been a place for the application of pioneering technology. When the synthesiser was first created, though not everyone saw it as a real musical instrument, eventually it came to be accepted as a game changing tool in the evolution of music. In 2023, the iconic amp brand Marshall was sold to Swedish company, Zound for £325 million (€384.5 million). Earlier this year, Marshall Group CEO Jeremy de Maillard said that amps account for only 5% of the company’s revenue as the new focus is on digital amps and tools. With AI having the potential to radically change almost ...
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Up until now, it was only speculation. Sony Music was reportedly in talks to acquire the catalogue of legendary rock band Queen, including hits like 'Bohemian Rhapsody', 'We Will Rock You', 'We Are The Champions' and 'Another One Bites The Dust'. There have now been further reports that appear to confirm that the Queen music catalogue, along with a number of other rights, is officially in the process of being acquired by Sony Music for around $1.27 billion (€1.18 billion). Per a report from Variety, who cite Hits, the only revenue not covered in the deal is for live performances, which foundin...
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2023 was a record breaking year for subscriber growth at Spotify but with sluggish economic growth and the cost of living crisis, how will the music streaming giant continue its solid growth trajectory whilst transitioning to a more efficient, more profitable company? Speaking at the 2024 Cannes Lions Festival of Creativity Gustav Gyllenhammar, Vice President of Subscriptions and Markets at Spotify said part of the answer lies in connecting with new global audiences - both from the artist and audience side - whilst continuously looking for ways to create value for existing subscribers through ...
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The music festival season is well under way and the UK has, as every year, a wealth of events catering to every music taste. However, a recent study leaves a sour taste in the mouth... New research compiled by A2D2, a British company aiming to connect analogue audio devices with modern smart speaker sound systems, reveals that UK music festivals are still exhibiting a persistent gender gap on their main stages. By analysing ten of the UK’s biggest and most popular festivals, A2D2 has identified the events that have the best and worst female representation, revealing that while festivals like G...
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Spotify has updated its annual Loud & Clear music report with European specific data. The 2024 report, which charts how listenership and artist earnings across 2023 has now revealed that European artists generated nearly €1.5 billion in the past year. For European artists, this is 16% more than the 2022 figures, and represents a threefold increase from 2017. Overall figures for European musicians on Spotify are seemingly positive, with the continent’s artists discovered by new listeners around 28 billion times in the last year. In terms of how much this listenership translates into artistic ca...
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Sony Music is reportedly in talks to acquire the catalogue of legendary rock band Queen, including hits like 'Bohemian Rhapsody' and 'Radio Ga Ga'. The reports come from Bloomberg, who cite sources as saying that Sony is currently “working with another investor” on a transaction that “could potentially total $1 billion”. Bloomberg added that the negotiations “are ongoing and may not result in an agreement” but that a potential deal would include “merchandising and other business opportunities” - which includes rights to logos and music videos. Discussions over the sale have been taking place s...
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Spotify increased its prices on Tuesday for new customers in France in response to the government's 'streaming tax'. The monthly premium subscription will be raised by 13 cents to €11.12, while the family plan will rise to €18.21 a month, a 22 cent increase. The student subscription will go up by 7 cents a month to €6.06. 18 cents will be also added to the two-person plan, bringing it to €15.17. For customers already subscribed, they will pay more from June onwards, rather than seeing a change this week. The move means that Spotify users in France will pay more than subscribers in any other EU...
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Apple has revealed its top 100 albums of all time and some of the entries might surprise you. Some people on the internet aren’t happy about it. But we’re not sure about a couple choices… Sorry, let’s stop these shenanigans right there. We’ve had enough of these endless desperate ploys for internet engagement. It’s not even the end of the year and we’re dealing with half-baked top 100 lists that are designed with one thing in mind, to drive online engagement due to the inexplicable decision making behind them. Fine, I’ll engage with it. Ken Loach and Mike Leigh resign as London cinema patrons ...
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The Department of Justice (DoJ) has filed a civil complaint against entertainment giant Live Nation for illegally dominating the market in a way which has driven away competitors and led to consumers paying higher prices for worse services. Bad Blood: The Taylor Swift Ticketmaster fiasco gets political Liberté, Égalité, Pas de TayTay: Taylor Swift concert ticket sales suspended by Ticketmaster FranceAttorney General Merrick Garland said: “In recent years, Live Nation-Ticketmaster’s exorbitant fees and technological failures have been criticised by fans and artists alike. But we are not here to...
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The UK government has rejected findings from the Misogyny In Music report published in January, much to the disappointment of music industry figures. Earlier this year, the Women And Equalities Committee (WEC) - a cross-party committee of MPs appointed to scrutinise the UK Government on equalities - held an inquiry into the music sector. The report looked at misogynistic attitudes in the industry and how these attitudes impact on the wider society. It found that women were underrepresented in key roles across the industry, that sexual harassment and abuse was common, and that many women did no...
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