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UK collection society PRS For Music celebrated a record year in 2016, with net payouts to its songwriter members rising above £500m for the first time in history. The organization’s distributions to members rose 11.1% at constant currency in the year, climbing to £527.6m. However, its topline costs grew at a faster percentage rate, widening 14.2% year-on-year to top £77m. read…

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The music business is a tough place for most artists to make money. This struggle was thrown into sharp relief last week when the UK industry revealed that artists earned more from vinyl sales in 2016 than they did from YouTube payments for viewings of music videos. The BPI, the record labels’ association that promotes British music, says this is…

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One of the US music business’s most important media partners has admitted that it may go bust before the end of 2017. iHeartMedia, which owns iHeartRadio, has long been the subject of Wall Street speculation due to its massive debt load. Nearly $350m of that debt is due to be paid this year, with another $8.3bn to be satisfied in…

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Quality Control Music has a good claim to being the hottest independent label in the world today. Other Quality Control artists include ‘bubblegum trap’ star Lil Yachty, signed to both QC’s label and management operation. The fast-rising rapper already has a US platinum hit to his name – One Night – and is now averaging around 10m on-demand streams a…

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Warner Music Group (WMG) is expanding its business development team. “Michael has diverse experience in digital business roles across recorded music and music publishing, and Allan has wide-ranging experience across technology and media with a focus on digital video. Prior to BMI, Drexler held various digital roles at Sony Music. read more at musicweek.com Follow @HookBlast on Twitter for the best…

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In music industry jobs, ASCAP released the results of its biennial election for the board of directors. They named Michelle Williams, Desmond Child, Marilyn Bergman, Richard Bellis, Bruce Broughton, Dan Foliart, Alf Clausen, Marcus Miller, Jimmy Webb, and Doug Wood. These members will serve as writers and publisher members on the performance-rights board of directors.  read more at digitalmusicnews.com Follow…

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This struggle was thrown into sharp relief last week when the UK industry revealed that artists earned more from vinyl sales in 2016 than they did from YouTube payments for viewings of music videos. The BPI, the record labels’ association that promotes British music, says this is the latest example of YouTube exploiting the “value gap” between what it makes…

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There’s no doubt that streaming services have helped combat the music industry’s piracy problems. Apps like Spotify and Apple Music made the Napsters and Limewires of the world less relevant through sheer convenience — just listen to a couple ads (or pay $10 a month), and you can get all the songs you want, faster and in higher quality. According…

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Did you know that Amazon owns the world’s biggest paid-for music streaming service? Based on Amazon’s $6.4bn revenue in 2016 from ‘retail subscription services’, the latest estimates suggest that the company has around 65m Prime members worldwide. These Prime subscribers – who pay an annual fee for speedier delivery of goods and other perks – automatically gain access to (and…

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His company pioneered tour management that oversaw nearly everything but the artistic side – from lighting and hotel bookings to arena scheduling, trucking, sponsorship and merchandising – thus taking the logistical details out of the artists’ hands. “It used to be an artist would tour and take on all the responsibilities,” said Mr. Zysblat, a onetime friendly competitor who merged…

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Wow & Flutter will be based in London and aims to work closely with both emerging and established talent, with particular focus on the film and television sectors. The music publishing division of Wow & Flutter will be a worldwide joint venture with Universal Music Publishing and will ‘focus on signing a diverse range of music from across different genres’.…

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J.Geils (front) and Magic Dick of the J. Geils who gave his name to the 1980s rock group he founded, The J. Geils Band, was found dead in his Groton, Mass., home Tuesday. read more at usatoday.com Follow @HookBlast on Twitter for the best curated music industry news feed on the web. See vetted & verified music industry opportunities for bands,…

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2017 is shaping up to be a historic year for the acquisition of music publishing assets – and the price paid for them. Carlin is believed to be on the block and attracting interest in the region of $250m. However, one of its more obvious potential buyers, BMG, has ruled itself out, according to sources.  read more at musicbusinessworldwide.com Follow…

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Kelly Clarkson has been added to the Music’s Leading Ladies Speak Out panel moderated by NPR’s Ann Powers on May 16 at the Renaissance Nashville Hotel, as part of the 2017 Music Biz convention. Previously announced as part of the panel was Julie Greenwald, Chairman and CEO of Atlantic Records Group. In June 2016, it was announced that Clarkson had joined Atlantic Records, leaving her…

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Which record label is Harry Styles debut single, Sign Of The Times, signed to? In a not-that-surprising move, Styles has followed the example of fellow pop superstars such as Beyonce and set up his own record company. Erskine is where the rights to Sign Of The Times (and Styles’ forthcoming other solo work) will presumably revert after his Columbia license…

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Blockchain has become well-known for its use in payments systems for its ability to manage records without centralized governance – a characteristic that will be harnessed in this project to resolve conflicts between conflicting identifiers for the same work across multiple rights holders. SACEM’s vision is to ensure a diverse and sustainable future for music, where creators are rewarded efficiently…

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All of Jay-Z’s solo albums have been removed from the Apple Music and Spotify streaming services. According to a statement made to the Verge by Spotify, the removal came “at the request of the artist.” Jay-Z’s solo work is also almost entirely absent from Amazon Music’s streaming catalog, with just four tracks from mixtapes offered. Shawn Carter, is part owner…

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“I Like Marijuana,” with its happy, insistent refrain – “I like marijuana, you like marijuana, we like marijuana too” – became his signature. In 1971, Lennon and Ms. Ono stepped out of their limousine at the park, joined the audience being entertained by Mr. Peel and began singing along and clapping. Lennon signed Mr. Peel to Apple Records, the Beatles’…

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If you want to know who the next big breakthrough UK act will be, you could do worse than switching on German radio. It would take until the end of December to peak at No.2 in the UK. The UK’s 2012 X-Factor winner was swiftly dropped by Syco in mid-2014 after using objectionable language online – and igniting an angry…

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