Archive for the ‘Artist News’ Category

@profgalloway: Must See Presentation by NYU Professor Scott Galloway on “The Four Horsemen”

December 3, 2017 Comments off

A deep and prescient 2015 presentation by NYU Professor Scott Galloway, who predicted the Amazon/Whole Foods acquisition.

“Facebook will disrupt YouTube…”

@luluyilun: Tencent Music Seeks Pre-IPO Funds at $10 Billion Value [for Music Streaming App]

September 5, 2017 Comments off

Tencent Music Entertainment Group, controlled by China’s biggest social network operator, is seeking new funding at a $10 billion valuation ahead of an initial public offering, people familiar with the matter said.

The operator of karaoke and Spotify-like streaming apps plans to sell about 3 percent of its shares to strategic partners, including record labels, one of the people said, asking not be identified as the details are private. Tencent Holdings Ltd., owner of the WeChat messaging service, held about 62.45 percent of the music group at the end of last year.

By forging an equity link with record labels, Tencent Music would be securing its right to hold on to vital streaming rights in China’s increasingly heated music market. Tencent spun out its music division after merging it with China Music Corp. to win over a larger slice of a domestic streaming market forecast to reach 4.37 billion yuan ($664 million) of subscription revenue by 2018.

The company, which competes with products from Alibaba Group Holding Ltd. and NetEase Inc., is scooping up content to cater to users who turn to the web for entertainment and want services tailored to personalized preferences. Tencent Music has deals in place to distribute songs from artists including Beyonce and Taylor Swift after signing up with some of the world’s largest record labels, including Universal Music Group, Warner Music Group and Sony Music.

Some of the other most influential record labels for the China market include Huayi Brothers Media Corp. and Korea’s YG Entertainment, both of which have distribution deals with Tencent. Shares of Huayi Brothers rose as much 0.9 percent in Shenzhen while Tencent Holdings dropped 0.9 percent in Hong Kong.

Read the post on Bloomberg

@irvingazoff: Irving on the Value of YouTube to Biz: “None”

May 22, 2017 Comments off

“My report about the ‘Value of YouTube to the Music Industry’ would be really brief because I can summarize the benefit of YouTube to artists in a word: none,” says Irving Azoff, responding to a controversial U.K. study that has been the subject of much ink since its debut earlier this month. Azoff disputes numerous […]

via @irvingazoff: IRVING ON VALUE OF YOUTUBE TO BIZ: “NONE” — Artist Rights Watch

@stuartdredge: @BASCA_UK @CrispinHunt “Rules Won’t Break the Internet, they’ll Mend It” — Artist Rights Watch

May 22, 2017 Comments off

YouTube and Facebook were squarely in the sights of Crispin Hunt, chairman of the British Academy of Songwriters, Composers and Authors (BASCA), as he delivered the opening address at yesterday’s Ivor Novello Awards in London.

via @stuartdredge: @BASCA_UK @CrispinHunt “Rules Won’t Break the Internet, they’ll Mend It” — Artist Rights Watch

@eriqgardner: Supreme Court Asked to Save Abbott and Costello “Who’s on First?” Copyright

May 5, 2017 Comments off

[Editor Charlie sez: One of the most unfair artist cases so far this decade. The process is complex, but the result is not!] The heirs of William “Bud” Abbott and Lou Costello this week petitioned the high court to review a case concerning their world-famous comedy routine. Those heirs sued the producers of the Broadway […]

via @eriqgardner: Supreme Court Asked to Save Abbott and Costello “Who’s on First?” Copyright — Artist Rights Watch

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