Jason Peterson’s Post

It's exciting to see platforms like Hangout FM (Turntable Labs, Inc) innovating in the music industry, especially with their recent announcement below from 🎼 Joseph Perla 🎶. This continues the significant shift towards more artist-centric models being tested in 2023-2025, where musicians can directly benefit from social engagement with fans. For too long, the digital landscape has not fully utilized its ability to enable fans to support their favorite artists in meaningful ways. This move not only empowers artists financially but also fosters a more interactive and genuine connection between artists and their audience. It's a win-win for the music community, and I'm thrilled to see how this will shape the future of music socialization and artist support. Music always has and always will be a social experience. Thus, it's crucial that the industry's monetization strategies evolve to be as dynamic and inclusive as the art itself. This development is a leap towards dismantling existing barriers and broadening the horizons for artists and fans alike.

How’s music industry funding faring in 2024? Here’s a breakdown of relevant raises to this point in the year – and a look at how they stack up against their 2023 counterparts. https://lnkd.in/epQks_dk #musicindustry #musicbusiness #musicnews #musicindustrynews #musicfunding

Here’s a recap of recent music industry hires and in-house promotions as of August 9th, 2023. https://lnkd.in/g2AUez64 #musicindustry #musicbusiness #musicnews #musicindustrynews #musicjobs #musiccareers

“Sony Music Entertainment is set to acquire the catalog of legendary rock band Queen in a landmark deal worth GBP £1 billion (USD $1.27 billion at current exchange rates). That’s according to Hits, which reported on Wednesday (June 19), citing sources, that Sony Music has emerged as the winning buyer for Queen’s recording and publishing rights, as well as royalties from previous deals with Disney Music Group and Universal Music Group. Disney owns the band’s recorded music catalog in North America, while UMG has a global distribution agreement with Disney. Separately, Queen band members Brian May, Roger Taylor, and John Deacon – plus the Freddie Mercury estate – each own equal shares in the company Queen Productions Ltd, which owns the group’s recording catalog outside the US and Canada, Music Business Worldwide noted in a report last year. UMG, as Disney’s distributor, will reportedly retain distribution rights in North America, although Sony will receive the royalties. UMG’s worldwide distribution rights will then transfer to Sony in 2026 or 2027, making Sony Music the sole distributor and owner of all Queen content globally, Hits explained. The deal also reportedly includes name and likeness rights, opening doors for merchandise and other ventures. Meanwhile, Queen’s founding members, May and Taylor, who continue to tour with vocalist Adam Lambert, will reportedly retain control of revenue from live performances.” Read the full article for more: #Queen #SonyMusic #UMG #DisneyMusicGroup #UniversalMusicGroup #Music #MusicBusiness #Musica #MusicIndustry #Musique #Musik #MusicBiz #Creators #Artists

Universal Music Group generated 51% of its 2023 recorded music revenues in North America… and 8 other things we learned from its new annual report MBW Reacts is a series of analytical commentaries from Music Business Worldwide written in response to major recent entertainment events or news stories. #UniversalMusicGroup #Musicbusiness #Musicindustry

Interesting as UMG is building up its business model in the African markets!!

Bredec Group How TikTok is changing and transforming the music industry - Business Insider: How TikTok is changing and transforming the music industry  Business Insider Inquiry@bredec.com

Bredec Group How TikTok Is Changing and Transforming the Music Industry - Business Insider: How TikTok Is Changing and Transforming the Music Industry  Business Insider Inquiry@bredec.com

Snoop said recently 'how can you get a billion streams and not get a million dollars.......that's f****d up'. The partnership I wanted to highlight today might make D O double G and recording artists in the UK a little happier! PRS for Music and PPL have partnered with Audoo to more accurately and fairly distribute public performance royalties for over 300,000 artists, recording rights holders, music publishers, writers and composers. Audoo's innovative Audio Meters will be be installed in a range of businesses, such as cafés, bars, hair salons, restaurants and retail, in the UK to identify the background music being played. This data will then be reported back to PRS for Music and PPL, helping to accelerate accurate and transparent royalty distribution to their 300,000 collective members. Hopefully this innovative product will help artists to be more fairly and accurately paid for how their music is consumed; a 21st Century solution to a uniquely 21st Century problem. If this goes well, I hope that Audoo can replicate this partnership model in other global markets. As a big fan of so many kinds of music, I would love to see them being paid for the joy they bring, so well done everyone involved! Happy Friday everybody 🌞 Source: https://lnkd.in/eMVTtqKW #partnerships #musicindustry #royalties #strategicpartnerships

Don't sleep on the Middle East and African music markets... Labels like Universal Music Group, gamma., and Warner Records, just to name a few, are making a big investment in these markets and it's no secret why... Africa makes up nearly 20% of the total global population, however, the continent's population will increase an estimated 51% by 2035. This growth presents new opportunities for emerging genres, artists, and live markets to appear... Additionally, in 2023, we're seeing regionalized, fragmented music genres have a meteoric rise in consumption globally, dominating the US and global charts. This can be seen in K-pop, Regional Mexican, and Afrobeats. As the Middle East and Africa's music scene continues to develop and blossom, I'm sure sooner rather than later we'll see the next international icon come from one of these regions. #musicindustry #africa #middleeast #international