Every week, we’re sharing the latest news and information for the music industry and technology worldwide.
Get your learn on and stay in the know with Symphonic’s Music Industry News Roundup!
Playlists! Lawsuits! Fake Songs! The Biggest Streaming-Music Trends of 2017
Here’s a rundown of the most important themes in streaming music this year, and what they could signal for 2018 and beyond.
\\ Via Pitchfork //
Facebook Signs Global Licensing Deal with Universal Music Group
Facebook and Universal Music Group (UMG) today announced an ‘unprecedented global, multi-year agreement’ under which UMG licenses both its recorded music and publishing catalogs for video and other social experiences across Facebook, Instagram and VR platform Oculus.
\\ Via Music Business Worldwide //
Gramatik Becomes the First DJ to Launch a Cryptocurrency; Makes $2.3 Million In 24 Hours
Gramatik’s cryptocurrency, GRMTK, has proven successful. But blockchain technology still faces serious hurdles before it becomes widely adopted.
\\ Via Digital Music News //
YouTube reportedly signs new music licensing deals with UMG and Sony Music
YouTube has just signed an agreement with Universal Music Group and Sony Music over royalties and copyrighted material, Bloomberg reports. The deal reportedly solidifies better royalty rates for music rights holders and agrees to “stronger policing” of user-uploaded content.
\\ Via The Verge //
TIDAL Is Offering Full Access to Platform for 12 Days in Celebration of the New Year
TIDAL has spent the past year building its relationship with subscribers by providing exclusive content and intimate events, from concerts to listening parties. For the new year, TIDAL is looking to reel in more subscribers with a free, 12-day preview period in celebration of the new year.
\\ Via Billboard //