Posts tagged "music industry news"(Page 9)

Ukraine’s Kalush Orchestra win Eurovision Song Contest

Ukrainian band Kalush Orchestra won the Eurovision Song Contest 2022 yesterday in Turin, Italy. Their victory comes during an unprecedented time of struggle for their home country, following the invasion of Ukraine by neighbouring country Russia. Kalush Orchestra won with their song Stefania, which is sung in Ukrainian. An ode

Global electronic music industry grew in value in 2021, International Music Summit reports

The electronic music industry saw significant growth globally in 2021, a new report from the International Music Summit (IMS) reveals. This is up from 2020, when the industry saw a massive decline due to the pandemic. In 2019, the industry was valued at $7.9 billion. The pandemic’s effect on the

Spotify shuts down live audio creator fund as Obamas exit exclusive content deal

Spotify has reportedly shut down its Greenroom creator fund, according to The Verge. The fund, which was launched in June last year, was designed to attract content creators to Spotify’s freshly launched live audio platform. Creators were offered weekly payouts and incentives based on performance and audience engagement. A competitor

Deezer enters deal to go public with $1.13 billion valuation

Music streaming service Deezer has reportedly entered into a deal to take the company public. According to The Wall Street Journal, the French streaming giant reported that they have merged with a special acquisitions company to oversee their transition, with a current valuation of $1.13 billion. Deezer has been a

Grimes admits to hacking indie blog Hipster Runoff a decade ago

Grimes has admitted to being the one responsible for hacking popular indie pop culture and satire blog Hipster Runoff nearly a decade ago. In 2012, the blog infamously went down, with owner and founder Carles reporting that his “server disk has crashed and remote backups were sabotaged,” believing foul play

Spotify officially suspends services in Russia

Spotify has announced it will be suspending its services in Russia due to the country’s censorship laws. This follows Spotify’s decision to close its offices in Russia earlier this year following Putin’s invasion of the Ukraine. The streaming service also suspended access to premium accounts in the country. According to

Keys N Krates nominated for Best Dance Record at 2022 Libera Awards

Canadian electronic music band Keys N Krates have been nominated for Best Dance Record at the 2022 Libera Awards for their album, Original Classic. Presented by EDM.com, other nominees in the category include Disclosure and Dawn Richard. Keys N Krates shared Original Classic last year, an expansive visual album project

UMG and 10:22 purchase new NFT for $361k as part of ongoing Kingship project

In an update on Universal’s 10:22 label’s NFT project, it has been announced that the label has acquired the NFT Bored Ape #5537 for near $361k. The new character, named Manager Noët All, will serve as leader of 10:22’s all-NFT virtual band, Kingship. The members of Kingship are all Bored

TikTok launches app to pay artists royalties for use of their music

Popular social media platform TikTok has launched a new music distribution tool called SoundOn. The tool will allow artists to upload their music to the app directly, earning royalties from the use of their tracks on the app. It is reported that SoundOn will pay out 100% of royalties to

Epic Games acquires Bandcamp

Video game developer Epic Games has acquired ownership of Bandcamp. The Fortnite creators announced yesterday that it has bought the online record store, an essential haven for independent artists and their fans. On Bandcamp, artists can expect to earn an average of 82% on every sale, a revenue model that

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