Here’s a recap of important music business news you need to know:
LANDR Announces Global Distribution Service:
Online music mastering service, LANDR, has unveiled its own global distribution service. The service will start at just $1/month and they claim it will allow artists to keep “100% of their royalties and revenue, and there are no hidden fees for extra services.” The service will cost nothing extra for their mastering subscribers. It will give user access to services and digital stores like Pandora, Tidal, Spotify, iTunes and Google Play.
Learn more about it here.
YouTube Updates Looks and Features:
You may have noticed that YouTube looks a little different lately. On Tuesday, YouTube updated its design and added a few features to its desktop and mobile display. It got a “clean” new design, like with any new design, will probably take some time to get used to. Navigation tabs have been moved to the bottom. You can speed up or slow down videos on mobile and you can browse other videos in full screen. This isn’t the end. They are adding more features, like a more responsive design to video sizing and hand swiping for moving through videos.
Learn more here.
Music Industry Worth $41 Billion By 2030?
According to a new Goldman Sachs study, they predict the global recording industry will be worth $41 billion by 2030. The vas majority of this, $34 billion of that to be exact, will come from streaming. To break things down even further $28 billion of the streaming revenue will be from paid subscribers. As a result of this, the major labels should be worth quite a bit to their parent companies.
Learn more about a potential bright future for the record business here.
Merlin Has Paid Out $1 Billion to Indie Sector Since Launch:
Merlin is a global music rights agency that negotiates with digital music services on the behalf of nearly 20,000 independent labels and distributors in 53 countries around the world. Since it was launched in 2008, it has paid out $1 billion to its many members, which include big names like Secretly group, Mad Decent, INgrooves, Merge, Warp, Kobalt Music Recordings, Sub Pop and Entertainment One.
Learn more here.