Kieran Hebden, AKA Four Tet, has settled his legal with the U.K. label Domino. According to Hebden, who confirmed the news on June 20th, via social media, the label has recognized Four Tet’s original claim, and he will now be paid a 50 percent royalty on past and future streaming and download income.
Southern Californian DJ/producer Annika Wolfe is known for their multi-genre consistency within the industry. Their music consists of deep, rhythmic, and raw elements of techno; all of which showcase a unique sound.
YouTube has announced customers will be able to use the platform’s background listening function, without needing a premium membership. Starting on November 3 in Canada, listeners will be able to stream their music while using other apps on their phones or while the screen is off, a feature that has not been made free by the platform before.
Choon is a music streaming service and digital payments ecosystem powered by the Ethereum blockchain and designed to solve some of the music industry’s most fundamental problems.
A venture co-founded by partners Gareth Emery, John Watkinson, Bjorn Niclas, and Matt Hall, Choon is set to be launched next year. While it is considered a music startup, it also has a clear component in financial technology since it aims to try solving many of the issues many artists have right now with streaming services utilizing cryptocurrency-based solutions.
Choon will be built on the Ethereum blockchain, something Emery says he has been enthusiastic about since 2013. In addition, the service will have its own payment token called âNOTESâ and a feature called âSmart Record Contracts,â which would presumably help create more effective contracts and, according to Choon, replace many of the procedures for licensing and contracting at present.
Choon promises to distribute half of the total overall NOTES token supply directly to artists over the next five years through a system called streaming for mining, plus an ambitious 80% returns for artists from streaming packages revenues, higher than the standard 70%, which has been decreasing as per recent negotiations with major labels by companies such as Spotify. While it may be seen as a concern, many contend that the real problem lies in where the money is going. Labels, distributors, publishers, artists are splitting up majority of the revenues, while the writers, engineers and producers get the scraps . Also many of the contracts are so opaque and complicated it is hard to know if one is being paid fairly.
We sat down with co-founder Bjorn Niclas to learn more about Choon and its Beta launch.
Spotify has grown to become one of the most popular music streaming platforms in the world. More and more people are accessing Spotify on their devices to discover and listen to the music they like. And if we are going to focus on the electronic music genre, Spotify’s benefits are undoubtedly tremendous as well, and we are talking about 12 billion electronic music streams a month. And the number will only get higher as connectivity improves and Spotify reaches to more areas across the globe, continuing to be a serious revenue stream that has made record labels and artists quite happy.
With all that said, it should be a no-brainer for any electronic music producer to establish a presence in Spotify and reach out to a potentially large and global audience. This of course begins with setting up a Spotify artist account.
Photo by Daniele Zedda
In today’s ever-changing spectrum of technology, there are several ways one can listen to their favorite music, ranging from vinyl to mp3, online streaming to CDs and yes even the age-old radio!
We would like to know what YOU, our readers, use to listen to your favorite music. You may choose more than one option if you use two or more of the mediums listen below.
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Throughout the last couple of years, SoundCloud has began attempts of monetizing their popular music platform by striking deals with record labels and music groups, including Merlin, a “Global Music Rights Agency” representing over 20,000 independent labels, Warner Music Group, and more recently with giants Universal Music Group.
A recent alarming Music Business Worldwide report, however, has shed light as to SoundCloud’s overheads and how those figures are by far out-shadowing the company’s revenue of recent years. The company’s 2014 financials paint a clear picture: While revenue reached $17.35m, the company’s losses were reported at $44.19m with employee wages increasing 42.5% to 20.3m – an average of $90,785 wage per employee. The report goes on to further specify that “in the three years from 2012-2014, SoundCloud lost almost âŹ75m â but only brought in âŹ37m in income.” Read more
