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DistroKid, Audiomack Deal; U2’s ‘Virtual’ Concerts; PortalDisc Moves Into Streaming; Soundstripe Boom; SiriusXM, T-Mobile Team for Pandora Offering

Spotify’s new website promises ‘more clarity’ on streaming economymusically.com
Did you know that the top 500 artists on Spotify last year generated around $1.85bn in royalties from the streaming service — 37% of its overall payouts?

DistroKid inks partnership with music streaming and discovery platform Audiomackwww.musicbusinessworldwide.com

Integration lets DistroKid users distribute music directly to their artist profile on Audiomack.

Chilean music downloads store PortalDisc moves into streamingmusically.com
Apple Music and Amazon Music are far from the only streaming services whose origin stories involve music download stores. PortalDisc is the biggest downloads store in Chile, but it is now moving into streaming with its new service PortalDisc App.

U2 Launches Their ‘Virtual Road’ Concert Series With A 2001 Slane Castle Setwww.udiscovermusic.com
U2 launched their ‘Virtual Road’ series with a 2001 concert from Slane Castle. Dermot Kennedy opened the set with a new performance.

SoundExchange Unveils Upgraded Data Exchange System For Labels And Publishersmusicrow.com

The new feature improves the compatibility of data that flows through SoundExchange’s Music Data Exchange application, a centralized system that facilitates the exchange of sound recording and publishing data before recordings are released in the market.

Started By Musicians, Nashville-Based Soundstripe Grows Rapidlymusicrow.com

Soundstripe, a Nashville-based company, is a leading provider of unlimited royalty-free music, stock video, and sound effects for use in videos, podcasts, and other media projects.

Coachella Festival Moving to 2022: Sourcesvariety.com
The Coachella music festival is being postponed for a fourth time and moved to April of 2022, sources tell Variety.

SiriusXM, T-Mobile team for Pandora offeringwww.lightreading.com
SiriusXM and T-Mobile said they will offer an ‘enhanced’ version of the Pandora streaming music service to T-Mobile’s customers.

Indie-Fatigable: The Current State of Independent Music Publishing Globallywww.synchtank.com
Key takeaways from a recent report which assembles, for the first time, the global market revenue and percentage share of the independent music publishing sector.

Warner Music Group joins $52.5m Series C funding round in gaming UGC platform Overwolfwww.musicbusinessworldwide.com

Company has raised over $75m to date.

James Arthur believes live-streaming is the futurewww.music-news.com
James Arthur believes live-streaming is the future — The Number One music magazine feat. band & artist news, reviews, interviews, videos & gossip UK & worldwide.

Pandora, Spotify and iHeart Radio Lead in Brand Awarenesswww.radioworld.com

Infinite Dial survey suggests 50–50 split between solo and group listening to online media.

The Last Major Country To Embrace Streaming Is Finally Doing Itmusic3point0.com
The second largest music market in the world has been more into CDs than streaming, but the pandemic changed all that.

Concert streaming site MySongbird seeks $5m in crowdfundingmusically.com
New rules on equity crowdfunding in the US will allow startups to raise up to $5m a year from ‘non-accredited’ investors (i.e. the general public). Expect a wave of startups testing it out, including music firms.

Pex Hires Pho List Co-Founder Jim Griffin As VP/Digital Rightswww.allaccess.com

Griffin will contribute his copyright, metadata, and music licensing expertise to PEX and its clients.

Offmeta label launches to connect music and gamingwww.musicweek.com

Offmeta will introduce a one-stop licensing solution for partners and create artist integrations in broadcasts and content revolving around gaming, esports and digital culture as a whole.

LiveXLive’s Annual Global Streaming Music Festival Music Lives 2021 Returnswww.livexlive.com

Over 50 hours of non-stop music on March 26–27, 2021.

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Daily Digest of Music Streaming News

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Platform & Stream

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Daily Digest of Music Streaming News

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