Archive for November, 2012

Topspin, Artist Growth, Firebrand, INgrooves Fontana & PledgeMusic Partner For Artist Toolkit

Source: Hypebot

Topspin, Artist Growth, Firebrand, INgrooves Fontana and PledgeMusic announced a strategic partnership at today's FutureSound conference designed to offer established musicians a suite of services for funding, distribution, marketing and commerce.  Together the companies hope to guide projects from funding through to retail, including direct-to-consumer packages and live shows. 

Topspin's direct to fan platform will be linked to fan-funding platform Pledge Music, distributor INgrooves Fontana, merchandise company Firebrand and business toolkit Artist Growth empowering artists w <img class="asset asset-image at-xid-6a00d83451b36c69e2017c338a346c970b" title="image from www.google.com” src=”http://www.hypebot.com/.a/6a00d83451b36c69e2017c338a346c970b-75wi&#8221; alt=”image from www.google.com” style=”margin: 0px 0px 5px 5px;” />ith a project management layer that allows the partner companies to work together more seemlessly.

"We work with literally hundreds of companies to this end (and will continue to)," said Topsin CEO Ian Rogers. "But we wanted to be able to offer artists a single solution where they know everyone is excited to work together and will all collaborate on a plan to maximize fan growth and revenue for the artist."

“The Internet has given artists the ability to connect directly with fans, bundle their rights to create new value, and keep a daily eye on their business – without licensing their rights," Rogers continued. "But artists still need to work with experts who add real value to make the most of this Internet-created opportunity.”

<img class="asset asset-image at-xid-6a00d83451b36c69e2017ee52d9b34970d" title="image from www.topspinmedia.com” src=”http://www.hypebot.com/.a/6a00d83451b36c69e2017ee52d9b34970d-450wi&#8221; alt=”image from www.topspinmedia.com” style=”display: block; margin-left: auto; margin-right: auto;” />

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November 17, 2012 at 2:30 pm Leave a comment

Prime Mac OS X Is Here! + INTRANET 2 Coming Soon…

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Hey guys,

It's been almost a year since we've launched INTRANET Prime on the PC. Through out the year, we've receive extremely positive feedback on our delivery software. We've created breakthrough technologies that enabled our labels to easily manage, deliver, and seize control of their catalog. Today, it is with great pleasure to finally announce our launch into the Mac OS X. As of today, users using a Mac computer will be able to use INTRANET Prime to upload their music and ringtones to iTunes.

So what is INTRANET Prime exactly?

INTRANET Prime is the content delivery component of the INTRANET technology created by us (Venzo Digital/Xeinge Group). Through Prime, labels are able to upload their music, ringtones, and music videos to any digital provider where we are in current direct partnerships! It is a state-of-the-art delivery software that enables users to submit their content in any form directly to the digital store.

Example: Typically, distributors require their customers to provide them with limited audio formats (whether its just WAVs, or just MP3s) and album format (600×600 JPG or 1400×1400 JPG). Through Prime, users are able to choose either MP3s or WAVs and they are able to upload their album cover in ANY size. It is truly a remarkable technology.

Prime can also pre-cut ringtones, bypassing the old fashion iTunes conversion or using an audio cutting software. Lastly, with a huge breakthrough technology, Prime enables labels to send thousands of albums and songs to one store with only one click of a button. No distributor in the world can create such powerful and precise methods of delivery than Prime.

Currently, Prime (Mac) is only available for distributing content to iTunes. Though we will be updating Prime for the Mac OS X to implement current and new store offerings for Mac users.

What about UPCs/ISRCs?

Prime automatically generates a free UPC and ISRCs for your title. So you don't have to worry about creating your own UPCs/ISRCs.

For more information on INTRANET Prime Mac, click on this link button.

The Next Generation In Distribution Technology Is Coming…

In other news, we are underway to implement our second generation of our state-of-the-art technology with INTRANET 2.0. INTRANET 2 is a brand new vivid system that provides the most accurate data with greater simplicity. Most importantly, INTRANET 2 is the first ever "live" system. This means that INTRANET 2 automatically updates virtually every aspect of your catalog (from sales & trend reports from iTunes to financial reports for Spotify, eMusic, and Amazon + takedown requests). When you use INTRANET 2 for the first time, you'll have the world's most powerful technology powering your music catalog.

We have shown a sneak preview to a select few of our Label Partners and the response has been nothing but staggering. Below are what our labels had to say about INTRANET 2:

"it looks modern and fancy! :)"

"That looks just awesome. That's a wonder"

"wow super cool"

"I LOVE IT"

"Wow its cool. I love it"

INTRANET 2 will provide a completely and awesome way to manage your catalog and sales data. Combined with INTRANET Prime, INTRANET will be a fully live technology that handles all the hard work for you.

November 15, 2012 at 8:50 pm Leave a comment

Spotify To Grab $100 Million Additional Financing As Valuation Drops $1 Billion

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Source: Hypebot

(UPDATED) Spotify has been working on a new round of financing for months, but new reports point to the company finally ready to close on $100 million in cash based in a $3 billion valuation. Earlier reports had Spotify seeking funds based on a $4 billion value.

Goldman Sachs is reportedly leading the new round, according to the Wall Street Journal.  Venture capital firm Kleiner Perkins Caufield & Byers and Russian  Global has invested $100 million in Spotify in 2011 based on a $1 billion valuation. The drop in valuation from $4 billion to $3 billion is partly fallout from recent rocky tech IPOs including Facebook, Zynga and GroupOn, but its also because investors now know how expensive it is for streaming content services to scale.

Spotify is growing steadily, with more than 15 million active users in 15 countries, 20% of whom are paying subscribers. Like all music streaming services, however, Spotify is dogged by profitability concerns.  More users means higher payments to rights-holders.

Last year, Spotify's net loss widened to $56 million. The company has said that revenue will rise to $900 million this year, but has not revealed expected losses.

Spotify is expected to expand in Latin America and Eastern Europe in the coming months.

November 12, 2012 at 4:09 pm Leave a comment

Spotify To Grab $100 Million Additional Financing As Valuation Drops $1 Billion

6a00d83451b36c69e2017c335ee93e

Source: Hypebot

(UPDATED) Spotify has been working on a new round of financing for months, but new reports point to the company finally ready to close on $100 million in cash based in a $3 billion valuation. Earlier reports had Spotify seeking funds based on a $4 billion value.

Goldman Sachs is reportedly leading the new round, according to the Wall Street Journal.  Venture capital firm Kleiner Perkins Caufield & Byers and Russian  Global has invested $100 million in Spotify in 2011 based on a $1 billion valuation. The drop in valuation from $4 billion to $3 billion is partly fallout from recent rocky tech IPOs including Facebook, Zynga and GroupOn, but its also because investors now know how expensive it is for streaming content services to scale.

Spotify is growing steadily, with more than 15 million active users in 15 countries, 20% of whom are paying subscribers. Like all music streaming services, however, Spotify is dogged by profitability concerns.  More users means higher payments to rights-holders.

Last year, Spotify's net loss widened to $56 million. The company has said that revenue will rise to $900 million this year, but has not revealed expected losses.

Spotify is expected to expand in Latin America and Eastern Europe in the coming months.

November 12, 2012 at 4:08 pm Leave a comment

42 Ways to Make Money As An Independent Musician

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Source: Hypebot

While often difficult, it is never entirely impossible to make a sustainable living as a musician these days. In fact, the Future of Music Coalition assembled a list of 42 ways that musicians can potentially earn money in today’s music space – demonstrating the multitude of revenue streams that today’s working musician must keep into account when venturing off into the world as an independent musician.

SONGWRITER AND COMPOSER REVENUE

1. Publisher Advance

2. Mechanical Royalties

3. Commissions

4 Public Performance (PRO) Royalties

5. Composing Original Works for Broadcast

6. Synch Licenses

7. Sheet Music Sales

8. Ringtones Revenue

9. ASCAPLUS Awards Program

10. Publisher Settlement

 

PERFORMER AND RECORDING ARTIST REVENUE

11. Salary as Member of Orchestra or Ensemble

12. Shows/Performance Fees

13. Record Label Advance

14. Record Label Support

15. Retail Sales

16. Digital Sales

17. Sales at Shows

18. Interactive Service Payments

19. Digital Performance Royalties

20. AARC Royalties

21. Neighboring Rights Royalties

22. AFM/Secondary Markets Fund

23. AFM/Sound Recording Special Payments

24. AFTRA Contingent Scale

25. Label Settlements

 

SESSION MUSICIAN REVENUE

26. Session Musician/Sideman Fees for Studio Work

27. Session Musician/Sideman Fees for Live Work

28. AFM/AFTRA Payments

 

KNOWLEDGE OF CRAFT: TEACHING AND PRODUCING

29. Music Teacher

30. Producer

31. Honoraria or Speakers Fees

 

BRAND-RELATED REVENUE

32. Merchandise Sales

33. Fan Club

34. YouTube Partner Program

35. Ad Revenue

36. Persona Licensing

37. Product Endorsements

38. Acting

 

FAN, CORPORATE AND FOUNDATION FUNDING

39. Fan Funding

40. Sponsorship

41. Grants

 

OTHER SOURCES OF REVENUE

42 Arts Administrator

Source: The Future of Music Coalition

November 5, 2012 at 12:38 am Leave a comment


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