On February 10th, 2019, the Staples Center in Los Angeles will light up with the 61st Grammy Awards — a show that contains a number of notable firsts and lasts. It will be the first show where each of the biggest categories have eight nominations instead of five, thanks to …
Read More »The Median U.S. Musician Is Still Making Under $25,000 a Year
Record industry revenue is on the rise. Off the still-rising success of streaming, label executives say they’ve got “money swirling around.” Warner reportedly gave 17-year-old Lil Pump a $8 million record deal. There’s finally profit in music again after two decades of dismal decline. Yet none of this means much …
Read More »A War Is Brewing Between Billboard and YouTube Over Music Charts
FollowingBillboard’s decision last week to tweak the methodology of its music charts in favor of paid streaming services, YouTube, a free streaming service, is ramping up its own music charts. On Thursday, the company debuted “Trending,” a chart that refreshes multiple times a day with real-time data on music that …
Read More »Wall Street Is Betting on Music for the First Time in Decades
UPDATE: Spotify has reported its first quarterly earnings as a public company, posting – as expected – revenue of€1.14 billion ($1.36 billion) and a monthly active user base of 170 million, 75 million of whom are premium subscribers. But Spotify also reported a loss of€1.01 ($1.21) a share, compared to …
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