Warner Music Group (WMG) have already made $2.7 billion this year, thanks streaming

Warner Music was sold for $2.6 billion in 2004, and now roughly ten years later WMG have made more than that in 7 months. So if you haven’t noticed music streaming is massive, so massive in…

Adele reportedly investing in virtual reality music startup MelodyVR

A new report suggests that global superstar Adele is investing in a virtual reality company for music. According to a report by the Evening Standard, singer Adele has invested some of her giant fortune into…

Spotify are adding 2m users a month as they pass 60m subscribers

It’s been 5 months since Spotify reached the half a million mark for paid subscribers and they’ve already passed 60 million. Spotify have announced their latest milestone, surpassing 60 million subscribers paying for their Premium…

The last major label, Warner, is close to a deal with Spotify

After over a year of uncertainty between labels and the music streaming champion, Spotify look ready to close deals with the last major label. Earlier this year Spotify made their first deal with a major…

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…

Certain albums on Spotify will be Premium-exclusive after Universal Music Group deal

Spotify have agreed to a deal that will make certain new albums exclusive to Premium users 2 weeks before free listeners get a chance to hear it. After lengthy discussions between Spotify and labels, the streaming…

Warner/Chappell sign to Sesac’s new music licensing service

Major record label Warner/Chappell have signed to newly launched Mint Digital Services music licensing company created by SESAC and SUISA. Mint Digital Services is the new transatlantic music licensing company created in collaboration between US…

Struggling music video service Vadio dies, taking $12 million with it

Promising music video monetization startup Vadio have lost the wind in their sails, crashed and died with millions in funding lost down the drain. Portland-based startup Vadio have had to give up after four years…

Major labels come together to sue hip-hop mixtape site Spinrilla

Spinrilla is facing up against all of the major record labels for offering free “mixtapes” including copyright music by Kendrick Lamar, Beyonce and Kanye West. The Recording Industry Association of America (RIAA) have accused Spinrilla…