UMG Revenue Grows 10% To $7.1 Billion, Streaming Up 35%

Universal Music Group revenue grew 10% last year driven by 35.4% growth in streaming revenue and new licencing deals that offset declines in download and physical goods sales. The news came as part of a positive financial report from parent corporation Vivendi. The highlights: Universal Music Group’s (UMG) revenues totaled…

Radio Holds Key To Streaming Growth [Mark Mulligan]

Streaming use is growing and broadcast radio’s audience is shrinking. No surprise there. But what is of interest is the slow pace of the shift, which presents opportunities for streaming to reach a much broader audience and the time for radio to reinvent itself. _______________________________________________ By Mark Mulligan of MIDiA…

Bid To Co-Own A Hit Song With Prince On eBay

Chris Moon, who co-wrote the song “Soft & Wet” with Prince on the Purple One’s first album is selling his share on eBay for $490,000. The song also appeared on MC Hammer’s “Can’t Touch This” album which sold 22 million copies. “Buy it and just You & Prince will own…

Live Nation, Others, Join Los Angeles Mayor’s Fund To Promote Diversity In Entertainment

Live Nation, along with other major entertainment companies including CAA, UTA, WME, and others to have signed on to the Los Angeles Mayor backed Evolve Entertainment Fund, a partnership designed to create new opportunities for the those communities which have historically been excluded from the entertainment industry. __________________________ Guest post…

ReverbNation Launches Lower Cost ‘Select Distribution’

ReverbNation has retooled its d.i.y. digital music distribution service as Select Distribution to more aggressively compete with Tunecore, CD Baby and DistroKid. _________________________________________ ReverbNation has quietly cut prices and launched Select Distribution, a revamped indie music distribution service. With Select, artists get flat fee distribution on the 6 download and…

How To Develop Your Artist/Band “Story”

As a performer having a strong “story” can go a long way towards shaping your identity, your brand, and how you are perceived by potential fans. Here we look at some important tips on how to shape your story in order to communicate what you want it to. ______________________________ Guest…

5 Ways To Engage Fans After Facebook Algorithm Shakeup

As Facebook’s algorithm changes, it’s becoming harder for artists to stay connected with their fans as the service gravitates away from posts by businesses and media and towards what it perceives as more personable meaningful interactions. _________________________ Guest post by Bill Leigh of Eventbrite Things are changing at Facebook —…

Pandora Premium (Finally) Launches A Web App

Pandora today announced the overdue launch of a web app for it’s paid Premium Music service. The new app brings the features of Pandora Premium’s iOS and Android apps to the web. ________________________________ Now Playing Playlist The #1 most requested feature from Pandora listeners arrives today with the launch of…

Bandsintown Produces SXSW’s First Data Driven Showcase

[UPDATED] Concert discovery platform Bandsintown is producing its first ever showcase at SXSW. Dubbed the music conference’s first ever data driven showcase, participating artists were chosen from Bandintown’s Big Break program made up of touring acts that have grown from 100 to 5,000 or more followers on the platform in…