Aventura’s reunion tour is doing very well in the U.S., further proving that the influence of Latin music in America is stronger than ever. The Romeo Santos-fronted group, which experienced stratospheric success in the early 2000s with the global bachata hit “Obsesión,” is now back on the road for the …
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 …
Read More »SoundCloud Users Revolt After Company Announces Plan to Limit Free Uploads
For the artists who rely on SoundCloud to distribute their music free of charge, this week began with an alarming email. On Monday morning, the streaming service proclaimed that it was “bringing lossless HD storage and downloads to all.” But hidden inside that early Christmas present was a razor blade: …
Read More »Future 25: Dawn Ostroff, Chief Content Officer at Spotify
Dawn Ostroff had spent most of her career in the TV and movie business before stepping into her job in music streaming a year ago. But the veteran television and video executive is now tasked with pulling off Spotify’s biggest new gamble in years. Ostroff’s mission is to grow the …
Read More »Smart Speakers and Wireless Headphones Are Soaring
Music streaming is still on the upswing, but the retail business around it is booming even bigger, according to new projections from the the Consumer Technology Association. The CTA, a trade organization that represents some 2,000 U.S. companies, released a glowing midyear report on Monday that forecasts U.S. consumer tech …
Read More »De La Soul Is Finally Coming to Streaming, But They Might Not See the Profits
Update (2/28/19): After publication, Tommy Boy Records founder Tom Silverman released a statement announcing the De La Soul streaming release would be postponed. “Because Tommy Boy has not had the opportunity to sit down together withDe La Souland finalize our negotiations — something we’ve wanted to do for months — …
Read More »Iconic Guitar Brand Gibson Files For Bankruptcy
Those who fear the death of rock & roll won’t be happy to hear that Gibson Brands Inc, the maker of some of America’s most epochal electric and acoustic guitars, has filed for bankruptcy. The Nashville-based company announced Tuesday that it is filing for chapter 11 bankruptcy and working on …
Read More »House of Representatives Unanimously Passes Music Modernization Act
On Wednesday, 415 members of the U.S. House of Representatives voted unanimously to pass the Music Modernization Act, a mega bill that aims to radically improve and streamline the system through which music creators are paid. As passed in the House, the MMA – which has garnered wide support from …
Read More »As Boomer Musicians Retire, Concert Industry Faces Uncertain Future
The announcements came fast: In the same week earlier this year, three of the biggest touring acts in the music industry– Elton John, Neil Diamond and Rush– announced farewell tours or retirements. Then Paul Simon said his tour beginning next month would bring his live career to a “natural end” …
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