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Spotify saw its revenue grow by a healthy 52% to €2.93bn (US $3.3bn) in 2016. However, according to documents just filed in Luxembourg, its annual net loss widened by 133% to a momentous €539.2m ($597m). Before anything else, it’s worth delving into what contributed to this loss – which stood at €556.7m ($616m) on a comprehensive basis (when further foreign exchange…

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Forbes has released its annual Celebrity 100, its list of the top earning media stars. The healthy share of music artists hints at the continued ability to build highly successful music careers. The presence of younger, streaming era artists like Drake and the Weeknd goes further, hinting at how streaming can now be the foundation for superstar commercial success. read more…

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Warner Bros. Records has secured a top hire in award-winning music supervisor PJ Bloom, who joins the major label as Senior Vice President, Film & Television Music and Soundtracks. Bloom is best known for his work as the music supervisor for the entire Glee franchise. His catalogue holds the record for most charted songs by a single act in Billboard…

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Spotify has officially confirmed that its platform’s audience is now made up of more than 140m monthly active users. The figure represents a 40m climb on the  figure Daniel Ek announced this time last year – and is up by a very impressive 100m people compared to May 2014. Spotify confirmed that it had surpassed 50m paying subscribers in March this…

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A slew of changes to the rules and procedures governing the Grammy Awards could curb fraud, boost songwriters’ profiles, increase voting participation from touring musicians and young voters, and help shift races such as the best rap music from popularity contests to competitions that focus on the music itself, Recording Academy SVP of awards Bill Freimuth tells Billboard. The changes,…

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The President of Warner Music France, Thierry Chassagne, has been appointed Chevalier de l’Ordre National du Mérite – a Knight of France’s National Order of Merit. The honor is bestowed by the President of the French Republic to individuals with distinguished military or civil achievements – “acts of devotion, bravery, generosity, real merit or a measurable commitment to serving others…

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Some of the world’s top music artists are turning to a classic tech startup strategy to find success in the digital age: scale with a compelling free product, and then convert your most passionate users into paying customers. In a new interview, Abel “the Weeknd” Tesfaye described his initial breakout, which came with a series of mysterious free mixtapes starting…

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Knitting Factory Records houses the entire Fela Kuti catalogue and is releasing a new album from his son Femi later this year. 2017 marks the 20th anniversary of Fela’s passing and the label will be releasing a limited-edition LP boxset curated by Erykah Badu. Zena White said, “After five wonderful years of working with some of my favourite artists and…

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With the emergence of new technology, much has changed in the music business over the past few years. Here we look at ten fundamentals of business that any musician or producer must understand in order to find success in the modern music industry. read more at hypebot.com Follow @HookBlast on Twitter for the best curated music industry news feed on the…

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In the newly-created position, Wilson’s remit will include A&R and production. Said Newton: “Dion’s vast experience and esteemed stature as both a creative executive and highly influential producer are crucial to our continuing commitment to Urban music and artists. There is a legacy of great artists and important records at Capitol, and I look forward to helping create more history…

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So-called “safe harbor” laws pertaining to internet services such as YouTube and SoundCloud need revision. The whole music industry is advocating for this, and the independent music community in particular has offered many thoughtful criticisms and proposed remedies. Laws which allow consumers or services to use intellectual property without permission or without paying an agreed price undermine the very marketplace…

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They claimed to be a ‘resurrected’ version of Extratorrent.cc.  The work of ‘renegade’ developers unhappy with the shutdown.   All of which turned out to be a masterfully-spun fairytale.  But despite debunked claims and reports of nasty malware, clone site Extratorrent.cd is getting pretty decent traffic. According to data from SimilarWeb, Extratorrent ‘clone’ Extratorrent.cd amassed a healthy 2.1 million visitors in…

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She joins the company from Apple, where she was the global head of consumer marketing for Apple Music & iTunes. Her new role makes a high-profile statement for Uber, which has faced accusations of sexual harassment from female employees in recent months. It was in the latter job that her professional relationship with Beyonce began, through a 2002 Pepsi commercial,…

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Bryan leaves SoundCloud at the end of this month, and will officially become a YouTube employee in July. During this period, working under Cohen, he was involved in landmark deals at Warner with the likes of YouTube, Spotify and iTunes. YouTube boasts more than a billion active users each month. read more at musicbusinessworldwide.com Follow @HookBlast on Twitter for the best…

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Eliah Seton said: “By bringing together these diverse genres and labels under unified leadership, Arts Music will provide a dynamic, focused infrastructure devoted to nurturing outstanding artists and projects, encouraging creative cross-pollination, and strengthening our capacity for growth. The timeless appeal of so much of this music, combined with rapidly evolving opportunities in the live music and partnership marketing arenas,…

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London-born tech company OCL has appointed three well-known names in music business circles to key positions. OCL, which says it ‘specialises in making copyright compatible with technology’, has also taken the wraps off its new Totem framework, which it says can help rights-owners monetize user-generated content (UGC). The firm claims that Totem can be used to clear, monetise, and license…

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It’s not that YouTube can’t be stopped.  It’s that the music industry doesn’t have the balls to stop it.  Because if Taylor Swift can figure out how to remove her content from YouTube, then so can everyone else. It’s called Content ID, for starters.  And it’s a simple system for identifying, removing, or otherwise managing copyright content.  It’s how you…

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The super-charged Orchard, which will continue to be helmed by CEO Brad Navin, will have over 300 employees in 30 offices around the world. It’ll also have about $500 million in revenue, which would make it the largest indie distributor in the world. The Orchard is the only global comprehensive digital and physical distribution platform with its own delivery, sales,…

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Imagem is comprised of three distinct business units: the Rodgers & Hammerstein theatrical holdings, a pop library under Imagem Music and the classical Boosey & Hawkes repertoire. Terms of the deal were not disclosed, but reports in Billboard and Music Business Worldwide estimate the purchase price between $500,000 and $600,000. The company was seeking $650 million when it offered itself…

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Emily White looks at how she was able to achieve her dream of working in the music industry through interning, where interning fits in with the global music industry, and how interning in the music business varies from region to region. read more at hypebot.com Follow @HookBlast on Twitter for the best curated music industry news feed on the web. See…

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