With the rollout of iOS 15 this week, along with significant updates to apps like FaceTime and Safari, Apple quietly released background sounds — a nifty new feature that allows iPhone users to turn on classic ambient noises like rain, ocean waves and the trickling of a river stream, to …
Read More »Music Distribution Is Getting More Transparent. It's About Damn Time
Crack your knuckles and rub those palms together, artists and music-loving onlookers. Here comes one of the biggest buzzwords of the past decade in record label antics: Transparency! Last year, when it was impossible to tour and ridiculously tough to nab a record deal, Stem — the music distribution and …
Read More »Peloton and Verzuz Are Making Musical 'Face-Off' Workouts
Home workouts, as great as they are, often lack the sense of camaraderie that studio-goers take away from the in-person class experience. Peloton thinks it can change that: The fitness company just partnered with Verzuz — the web series that throws together producers and artists in battles over catalog strength …
Read More »Marvel's New 'Black Panther' Stories Will Amplify Def Jam Artists
Like a vigilante, Saint Bodhi had to fight through darkness before rising up and into the limelight. Two years ago, the singer/songwriter from Los Angeles’ South Central neighborhood was homeless and struggling to navigate a community where many women are pressured into drug usage, undervalued, or mistreated as sex objects. …
Read More »Still Without Concerts, Live Nation Revenue Dropped 95% in Its Third Quarter
Facing nearly eight months of no live music now, ticketing and promotion giant Live Nation Entertainment reported a 95% drop in revenue in its third quarter compared to the same time last year, the company said in its earnings report on Thursday. The stark figure, though somewhat expected, signals yet …
Read More »An Indie Artist Covered Corinne Bailey Rae — and Scored a Record Deal
20-year-old Jack Rutter has an alter ego. The Salt Lake City native moonlights asRitt Momney — a musical project that started out as an indie rock band with high-school friends, before its other members dispersed to follow Mormon missions.As a solo artist, Rutter turned inward to record a 13-song LP, …
Read More »Goldman Sachs Expects Global Music Revenue to Drop 25% This Year
This time last year, the music industry was patting itself on the back for another year of sizable growth and profits that seemed to secure a rosy outlook for its future. After enduring three unprecedentedly rocky months of cancelled concerts, shuttered venues, and other sectors of the industry grinding to …
Read More »Amazon Is Halting New CDs and Vinyl Record Sales
We’re only starting to see the first signs of the likely unprecedented and inevitably devastating impacts of COVID-19 on the music industry. Analysts estimate that the concert industry could lose as much as $5 billion as festivals like SXSW and Coachella postpone and acts from Billie Eilish to Celine Dion …
Read More »Recording Academy, MusiCares Set Up COVID-19 Relief Fund
With much of the music industry reeling in light of the ongoing coronavirus pandemic, the Recording Academy and its charitable foundation MusiCares announced on Tuesday that the two organizations have set up a $2 million COVID-19 Relief Fund for music industry members in financial need. A spokesperson for the Recording …
Read More »Warner Music Wants to Go Public — Again
After spending the past eight years as a private company, Warner Music Group is looking to come back on the public market, the major label announced on Thursday, filing an Initial Public Offering request through the U.S. Securities and Exchange Commission. The announcement comes just after a record first quarter …
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