YouTube to Livestream Coachella Again; Fan Economy: Expanded Rights are Worth $3.5B, Now What?
YouTube to Livestream Coachella Again; Fan Economy: Expanded Rights are Worth $3.5B, Now What?1912 | Your Daily Dose of Music Streaming NewsWarner Music Group won't be bidding to acquire Believe“WMG thanks the ad-hoc committee and Believe's leadership team for their time and cooperation, and wishes the company every success in future.” Fan Economy: Expanded Rights are Worth $3.5B, Now What?MIDiA recently, and exclusively, revealed that expanded rights now represent 10% of the recorded music market with revenues of $3.5 billion. These revenues, derived principally from monetising the brand of the artist (merch, sponsorships, branding, live, etc.), represent a shift in strategic focus for the global music business. It is moving from a consumption economy to a fan economy. This is only the start. To truly harness the vast potential of a fan economy, three key things need to be addressed: YouTube to livestream Coachella again – 'multiview' included“The big screen production will be tailored so that viewers everywhere can watch up to 4 of the live stream stages on their TVs at once while listening to the audio of their choice,” explained YouTube. Trent Reznor: streaming has 'mortally wounded' some artistsFor a while back in the day, Nine Inch Nails’ Trent Reznor was an executive at Apple Music, before leaving to resume his full-time career as an artist and soundtrack composer. Now, in an interview with GQ, he’s talked about how he sees the music-streaming market now. Why Spotify won't give up until they get “Radio” rightEvery streaming platform offers AI-curated “radio,” but Spotify sometimes misses the mark. Here’s where they’re falling short and why they will keep trying. Human Creativity Outperforms AI in Commercial Music Composition, Study FindsDespite constant outcries that AI will soon replace human art and leave musicians without jobs, the study finds that AI music will hardly fill out even the commercial music sector. The 5 Best AI Tools For Musicians & Creators In 2024It’s safe to say that AI is causing a paradigm shift in every industry, and the music industry is no exception. ChatGPT has become a household name, and the number of AI tools on the market is increasing on the daily. How Universal Music Group is leading the industry's response to AIUnder CEO Lucian Grainge, the parent company of Interscope, Geffen, and Def Jam is leading the industry’s response to AI—and reworking streaming royalties to boot. How do people search for music – and what do they really want in their results?The latest episode of Music Ally Focus features Einar Helde, AIMS API’s co-founder and CCO, and explores how AI-driven search and discovery is changing how music is used. — Send story ideas & feedback to: jeff@platformandstream.com ️— Interested in sponsoring the newsletter? You'll find all the details here. You're currently a free subscriber to Platform & Stream. For the full experience, upgrade your subscription. |
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Spotify Wants to Make Podcasts a Marketing Driver for Music; Tuned Global and Spafax Team Deliver In-flight Music
Friday, April 5, 2024
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Spotify to Raise Prices Later This Year; Underwood Goes Gospel on SiriusXM With 'Savior Sunday Daily'
Thursday, April 4, 2024
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BeatStars Debuts ‘Creator Rights Agency’ Platform; TuneCore Integrates With PreSonus Studio One; SongTools Adds So…
Wednesday, April 3, 2024
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Tidal Teams with Feature·fm for Off-platform Track Links; AI Could Enable a Golden Age of Audio Piracy
Monday, April 1, 2024
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Joe Rogan Podcast Boosts Gary Clark Jr. Streams on Spotify; Tuned Global Partners with Spafax; UMG Expands Spotify…
Friday, March 29, 2024
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