VKontakte, the “Russian Facebook” launch full music streaming service

The giant Russian social network VKontakte (VK) are taking on Spotify and Apple Music with the launch of their new music streaming service. After almost a year since they revealed their upcoming music streaming service,…

BMG’s CEO says major labels need ‘wake-up call’ on artists’ streaming percentages

BMG’s CEO – Hartwig Masuch says it’s artist take more than 75% of all online streaming revenue and that major labels need to address the situation that other artist’s are still receiving nothing from online…

After a 7 year standoff Warner Music signs a deal with Vevo

Warner Music have made a deal with Vevo after steering clear of the music video platform set up by the 2 other major labels Sony and Universal 7 years ago. Vevo was set up 7…

VKontakte’s music service expected before 2016 ends with “various pricing options”

Following the announcement that VKontakte (VK) had signed a deal with major labels to introduce a paid music service more details have been announced. We found out last week that VKontakte were preparing to launch…

Warner Music partner with Vadio music video platform

Following rumours that Warner Music are closing a deal with Vevo they’ve agreed a partnership with another music video service – Vadio. Vadio announced on Wednesday that they’ve signed a content agreement with Warner Music…

Vevo may be closing a deal with the 3rd and last major label, Warner Music

Vevo, the world’s most popular dedicated music video site, are about to sign a deal with Warner Music after 7 years of ownership by Universal and Sony. Vevo have dominated the music video industry, with…

Social network VKontakte (VK) launching a music subscription service

Russian social network site VK (formerly VKontakte) have revealed plans to launch a music subscription service sometime this year. In a massive shift for the popular European social network VK they have revealed plans to…

Universal Music Make Almost $4m Daily From Music Streaming

Just over a week since¬†Warner Music revealed music streaming had become their primary source of revenue another major label, Universal Music, has revealed they make a massive $3.9 million every day from streaming. Universal Music…

Spotify CEO Daniel Ek Interview with Jason Calacanis

Spotify CEO Daniel Ek sat down with Jason Calacanis for a detailed interview about Spotify’s transparency, competition, tenacity and more.

Major Label Market share: Sony Bigger than Universal

It seems as though Sony has more market share than Universal at the moment (as reported by Nielsen Soundscan).