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2021 Major Label Revenue Surged, But What Does it Mean?

Hypebot reports: "2021 was an anomalous year for the recorded music market. Two of the majors did an IPO, the pandemic continued to disrupt...

Warner Buys David Bowie Song Catalog for $250M

Music Business Worldwide reports: "The first big music industry acquisition of 2022 is with us: Warner Music Group, via its Warner Chappell Music subsidiary,...

Symphonic Distribution Adds $37M Funding, Eyes Acquisitions

Hypebot reports: "Philadelphia-based NewSpring Growth led the round with participation from Ballast Point Ventures. This funding round comes after 5 years of strong growth...

SoundExchange Royalties Dispute with Music Choice to be Referred to Copyright...

Music Business Worldwide reports: "SoundExchange launched a lawsuit against Music Choice to recover underpaid royalties in April 2019, following an audit of Music Choice’s...

Spotify Promised to Add Hifi a Year Ago. Where Is It?

Hypebot reports: "Spotify is set to miss its own deadline to add HiFi CD quality audio. Meanwhile competitors Apple Music, Amazon Music and TIDAL...

Sonicly.com Is A New Crowdfunding Platform for Musicians

Hypebot reports: "One-size-fits-all platforms are time-consuming and difficult to set up, offer “all-or-nothing” payment models, focus on monetary targets or impose unsustainable subscription publishing...

CD Baby Has Paid Out Over $1BN to Artists Using Its...

Music Business Worldwide reports: "CD Baby reports to have paid out more than $1 billion to artists since the company was founded in 1998....

​​Warner Buys 300 Entertainment for Around $400M

Music Business Worldwide reports: "Warner’s acquisition of the hip-hop label, a long-term partner of WMG/Atlantic Records, was predicted by MBW last month after WMG...

Spotify is Launching Podcast User Ratings, Playing Catch-Up to Apple

Variety reports: "Spotify is borrowing a page from rival Apple with the addition of a five-star user ratings system for podcasts — a new...

Soundxyz Raises $5M to Help Small Artists Profit From NFTs

Hypebot reports: "Buzz worthy music NFT startup Sound.xyz has raised a $5 million seed round with the goal of helping low and mid level...