When you play a song on major streaming platforms, money doesn’t just zoom straight into an artist’s pocket. But what if it did? That’s how payments are designed to work on Audius, a platform built on a blockchain — yes, the same technological network that NFTs run on. And thisthree-year-old …
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Want to hear the most depressing stat in modern entertainment? It was effusively delivered the other month by a beaming Jack Conte, co-founder and CEO of fan-funding app Patreon, which is now worth $4 billion. “A study published a few years ago showed that 75 percent of kids aged 6 …
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If the music business were allowed to write its own history, every year’s chronicle would glow with variations on the same theme — the words “transformation,” “revolution,” and “record-breaking sea change” chief among the lexicon — ad nauseam. But in the peculiar shadow of 2020, these bombastic end-of-year appraisals, for …
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Piracy is the perhaps the most visible of the music industry‘s money woes, but it’s not the only one. The global music industry also loses out on $2.65 billion every year because of small businesses misusing personal music-streaming services, according to a study published Monday by licensing service Soundtrack Your …
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Tidal, Jay-Z’s oft-beleaguered music-streaming service, has been accused of tampering with its streaming data to score higher numbers and payouts for Beyoncé and Kanye West’s most recent albums. In an extensive report, Norwegian newspaper Dagens Næringsliv said it has investigated Tidal’s internal data from a hard drive it obtained that …
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On Wednesday, Spotify cemented plans for the world’s biggest streaming service to go public on the New York Stock Exchange. However, the months-in-the-works announcement was marred Tuesday by the arrival of a $1.6 billion lawsuit filed against Spotify by Wixen Music Publishing, which represents the works of artists ranging from …
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