Here’s a recap of important music business news you need to know:
Spotify Signs Licensing Deal With Warner Music Group:
Spotify continues to be the dominant force in streaming right now and the major labels know it. As streaming becomes an increasing part of their revenue stream, they realize they need to play ball with the streaming companies of the world. After Universal signed a deal in April and Sony reportedly signed their licensing deal with Spotify last month, Warner Music has caved and done the same this week.
Read more here.
Sony Signs Deal With Dubset to Clear Unofficial Remixes:
Sony has signed a deal with music streaming startup Dubset that should make DJs happy. The deal will ostensibly allow artists to clear their unofficial remixes through Sony and songs in DJ sets that are found in the Sony catalog. This will pave the way for artists to royalties that they weren’t getting before and avoid takedowns.
Read more here.
Viberate Adds Tens Of Thousands Of Events and Music Venues To Catalog:
Viberate, a leading live music data platform has added more than 50,000 music venues and 200,000 events to its already exiting 120,000 musicians on its platform. What makes Viberate different from other music event discovery platforms is that it allows musicians and venues to be paid in cryptocurrency, giving musicians more options in how they want to get paid.
Defected Croatia Became Tisno, Croatia’s Biggest Festival In 2017:
Croatia has become one of the premiere vacation destinations in Europe over the past few years with whispers of it even peaking among the super trendy. As with any festival market, there will be a war to see who can come out on top when there is a boom. Defected Croatia seems to be doing quite well, taking the crown in 2017 as the biggest festival in Tisno, Croatia, one of the biggest hot spots in the country, with over 3,000 in attendance and then 9 million watching the live stream. Names like Basement Jaxx, Eats Everything, Franky Rizardo and MK all played.
Read past round-ups here.