China’s massive Tencent are looking at a 50% stake in major label Universal

One of the world’s biggest music labels is being eyed up by Chinese conglomerate for a potentially massive stake acquisition. Tencent, the massive Chinese company responsible for much of the biggest music tech happenings in…

Facebook sign a deal with Warner Music, the last of the 3 major labels

As Facebook move towards legally allowing music on their social media platform, they have just finalised licensing deals with the last of the major labels. Warner Music Group have announced they’re teaming up with Facebook to…

Vevo nearing profit as revenues boom with 50% rise in views

Vevo look to make a profit in 2018 as their platform grows and they look to re-negotiate their deals with YouTube. The music video platform owned by major labels, primarily Universal Music Group, looks like…

YouTube to pay more for music after deal with major labels

The 3 major labels have all now created new deals with YouTube that will provide better payouts for music in the wake of YouTube’s new music service. Earlier this month sources revealed that Warner Music…

YouTube are launching a music subscription service next year

At last! It looks like YouTube want to rectify their damaged relationship with the music industry with a new paid service for music. YouTube have long been criticised for their extremely low payouts on music…

How much do streaming services really pay artists?

One of the biggest controversies with music’s newly dominating platform, streaming, is its royalties to artists – but how much do they actually pay? It’s a common complaint that streaming services don’t pay out enough,…

Spotify and Sony put behind conflict and sign major deal

Another major label has come to and signed a deal with Spotify cementing their music licenses and making a Spotify IPO more likely. Spotify have spent the past couple years negotiating with the major labels,…

MelodyVR raise £5m to build on their virtual reality music experiences

UK startup MelodyVR just closed a successfully large round of funding to enhance virtual reality experiences based around music. After a new funding round raised £5 million ($6.5 million) the UK-based startup wasted no time…

YouTube have nabbed one of the SoundCloud team for label relations

YouTube have announced Stephen Bryan as their new label relations head, taking him from his position at SoundCloud. Bryan will leave SoundCloud at the end of the month to take on a new role as…

Spotify CEO Daniel Ek named the most powerful person in the music business beating out major label CEOs

Spotify’s top man Daniel Ek has been named as the most powerful person in the music industry by Billboard, taking the place of Universal Music CEO Lucian Grainge. Music magazine Billboard have updated their Power…