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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