Instead of going head-to-head with behemoths like Spotify, TIDAL's new owner, Jack Dorsey's Block, with Jay-Z's involvement, is building the equivalent of Cash App for emerging artists.
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Everything to Know About Spotify’s New Royalties Model: How Does It Work & Who Will It Impact?
Here's a full breakdown of the plan, based on Billboard's reporting, including streaming thresholds, fraud fees and minimum track lengths.
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Spotify Is Changing How It Pays Artists
The company is planning changes to its royalty model for 2024 that will disqualify some tracks from payments and increase penalties for fraud.
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The Industry
Recorded-music revenues in the United States grew 9.3% in the first half of 2023, reaching an all-time mid-year high of $8.4 billion at retail value, the RIAA said in its mid-year report released
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U.S. Recorded Music Revenues Up 6% in 2022 as Paid Subscriptions Hit $10B: RIAA
The average number of paid subscriptions reached 92 million, helping buoy the industry to a seventh straight year of growth.
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Daniel Ek on Spotify’s Next Step: It’s a Chance for Artists to ‘Build Connection’
"If you want to find out what Spotify is going to do … look for a big consumer need and a big creator need," Ek tells Billboard. "That's when we will do something."
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Universal Music Revenues Jump 21% on Recorded Music Subscriptions, Streaming in 2022
UMG also reported publishing revenues rose nearly 35% on the year.
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Lucian Grainge Calls For ‘Updated Model’ For Music Industry: Read His Memo to UMG Staff
In his annual New Year's letter to Universal employees, Grainge highlighted the company's successes but also called for change in an era of "bad actors."
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How Much Could Songwriter Royalties Grow? A Look at Three Scenarios
Publishers' streaming royalties settlement will yield larger returns than the headline rate increase — how much larger depends on streaming's growth
SoundCloud Announces Layoffs of ‘Up to 20%’ of Global Workforce
CEO Michael Weissman announced the cuts in an email, blaming them on "the challenging economic climate and financial market headwinds."
