Pandora To Pay Sony/ATV 25% Higher Rate

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Source: Hypebot

Just last month Pandora was in Washington asking for lower rates. Now comes a report that they've agreed to pay more. Music publisher Sony/ATV has independently negotiated a 25% increase in royalties from Pandora, according to the New York Post.  The result is likely to be more publishers demanding higher rates.

Sony/ATV, a joint venture of Sony and the Michael Jackson estate, won the big increase for the next 12 months after it pulled digital rights from BMI and ASCAP on Jan. 1st.  Sony/ATV declined to comment, but CEO Martin Bandier, told The Post: “At the end of the day, we got a terrific deal for our songwriters. Our thinking has been vindicated. Hopefully it’s the first of many.”

Pandora has repeatedly argued that it can not contniue to pay high royalty rates and survive.

The majority of royalties paid by the music streamer go to SoundExchange on behalf of artists and record labels. A much smaller share, estimated at 4% of Pandora's gross revenue of $275 million, goes to ASCAP, BMI and now increasingly direct to publishers like Sony/ATV on behalf of copyright holders.

January 17, 2013 at 4:18 pm Leave a comment

MySpace Is Back!

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Source: Billboard.biz

The redesigned Myspace finally opened up to the public Tuesday. A year and a half in the works, the site is both a social network and a music discovery destination.
 
The new Myspace would be a success if success were determined on style points alone. But as its predecessors have proven, a music site needs functionality to be competitive. Myspace appears to have a good set of tools. It works well as an on-demand music service, a personalized radio service and an on-demand video service.
 
The $35 million question is quite simple: will people care about a music-based social network in 2013 or did Specific Media, which acquired the site from News Corp in 2011, spend over a year overhauling the site for nothing?

January 15, 2013 at 11:10 pm Leave a comment

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Source: Hypebot

(UPDATED) Facebook's big announcement today had nothing to do with music, but the product it announced  – Graph Search – could be a useful tool for musicians and music marketers trying to connect with fans on the granular level: "With Graph Search, you can look up anything shared with you on Facebook, and others can find stuff you've shared with them, including content set to Public."

For example:

"Which of your friends or fans near LA also loves photography and might come shoot a show? "

Facebook Graph Search can help. It's in limited beta today and will start slowly adding users. Sign up for the beta here: ht.ly/gPYGl

January 15, 2013 at 11:03 pm Leave a comment

Music Retailer HMV Appoints Administrators, 4000 Jobs At Risk

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Source: Hypebot

Top music retail chain HMV has appointed administrators, the UK equivalent of   bankruptcy protection. HMV has 239 stores and approximately 4,350 employees in the U.K., Singapore, and Hong Kong. It went public in 2002, but has been struggling in recent years.

The official statement:

"On 13 December 2012, [HMV] announced that as a result of current market trading conditions, the Company faced material uncertainties and that it was probable that the Group would not comply with its banking covenants at the end of January 2013. The Company also stated that it was in discussions with its banks.

Since that date, the Company has continued the discussions with its banks and other key stakeholders to remedy the imminent covenant breach. However, the Board regrets to announce that it has been unable to reach a position where it feels able to continue to trade outside of insolvency protection, and in the circumstances therefore intends to file notice to appoint administrators to the Company and certain of its subsidiaries with immediate effect."

January 15, 2013 at 4:16 pm Leave a comment

Topspin’s Ian Rogers Joins Beats As CEO New Digital Music Service Daisey

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Source: Hypebot

Respected digital music and direct to fan pioneer Ian Rogers has left Topspin to serve as the CEO of Project Daisey for Beats Electronics.  Rogers will remain on the Topspin board of directors and serve as Executive Chairman. Beats will make a substantial investment in Topspin to "help create meaningful business opportunities for artists inside project Daisey".

It has been rumored for months that Topspin was looking for a deep pocketed investor, but exactly what the new relationship with Beats means for the artist services firm is unclear. Beats recently purchased streaming music service MOG, but that appears to on be a part of what is Daisey will become.

Rogers will report directly to Beats CEO and Co-founder Jimmy Iovine and President and COO Luke Wood and is based out of the company’s Santa Monica headquarters. "The new service will benefit from the creative vision of music icon and newly appointed Chief Creative Officer Trent Reznor and is set to launch in late 2013 as a stand-alone company under the Beats Electronics umbrella," the company said in a statement. 

"Bring An Emotional Context Back To Music Discovery

"What's missing from the digital music landscape is a cultural context," hinted Iovine. "We need to bring an emotional connection back to the act of music discovery. With Trent and now Ian we have the right team in place to do it".

 “After years of fighting and uncertainty, it's now undeniable all the world's music will be available on every device by just clicking play.  However, the current streaming experiences aren't good enough.  They aren't good enough for fans, who need it to be easier to find music they love.  And they aren't good enough for artists, who want to grow their audiences and make money.” said Rogers. “This is the opportunity I’ve been working toward my entire career.

January 10, 2013 at 8:36 pm Leave a comment

Muve Music Has More Paid U.S. Subscribers Than Spotify Does

Source: Hypebot

Cricket Wireless has announced that it's Muve Music services finished 2012 with 1.1 million subscribers, that appears to trump Spotify, who near the end of 2012 proudly announced that it had 1 million paying customers. Since its commercial launch in January 2011, Muve Music has become one of the fastest-growing on-demand digital music services in the U.S.

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Starting at $50 per month, Muve Music is included in Cricket's 3G or 4G LTE no contract unlimited nationwide talk, text, and data plus music plans, Users get unlimited full track downloads, ringtones and ringback tones all for one monthly rate plan.

The Muve catalog inculdes music from all the majors along with independent labels and artists from  Merlin,  CD Baby, IODA, INgrooves, The Orchard and TuneCore.

January 8, 2013 at 3:51 pm Leave a comment

5 Tips To Increase Your Band’s Reach On Facebook

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Source: Hypebot

Recently posts on Facebook Pages have seen a marked reduction in reach with fewer people than ever viewing and interacting with Page content. Though it's tempting to consider throwing one's hands up and walking away from Facebook, its power as a tool for fan interaction is still too great to be discarded. In addition to increasing the appeal of one's content to entice fan interaction and the approval of Facebook's EdgeRank algorithm, there are a number of ways to respond.

Facebook Page admins are noticing a reduced reach this month due to EdgeRank adjustments that already deliver only a small percentage of posts to one's following. So what's to be done?

December 27, 2012 at 3:43 pm Leave a comment

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