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…

Ministry Of Sound compilation label bought out by Sony

Ministry Of Sound, the UK label famed for it’s many varying compilations, has been bought by Sony Music UK. Ministry Of Sound have become renowned in the UK for their compilations covering basically every type…

Sony Music sales up 8.7% thanks to a 38.4% increase in streaming revenue

If anyone’s worried the rise of music streaming is causing a drop in revenue they can take comfort in Sony’s new financial report, showing soaring profits. Sony Music have released their quarterly report for April…

Warner Music First Major To Sign Deal With MQA (Master Quality Audio)

Warner Music Group are the first major label to sign a deal with MQA to “significantly increase music fans’ access to hi-resolution music globally”. Master quality audio isn’t new in itself but hi-res audio files…