For this week’s music industry potpourri, we have picked the latest news from around the world. How does independent music survive without concerts? Could virtual concerts actually replace live events? And how will the legal battle between songwriters and music streaming services end? Read on to get answers to these questions, and to browse some more interesting headlines!
Based on recently published figures, the Australian independent recorded music sector is worth $183 million. The indie sector lost market share to the major labels in this period but is still rating a strong 31%. During the last two years, the typical indie label represented 24 artists and sold over 2.5 million albums.
Music Health Alliance is music’s resource for healthcare solutions and access, also supported by Spotify through its COVID-19 Music Relief project. The Nashville-based organization’s CEO and founder Tatum Allsep talks about the work they do in order to find health insurance and disaster help for those in the music biz.
It really looks like this is the best time for releasing music, even the Dalai Lama thinks so! His Holiness the 14th Dalai Lama drops his debut album to honor his 85th birthday. The album contains 11 tracks that fuse music with mantras of seven Buddhas and conversations touching on wisdom, courage, and healing.
Important book, important topic. Paul Saintilan, Music Australia chief executive officer and editor of the organization’s new ‘Musicians & Addiction’ book says that 62% of rock autobiographies in one study had an addiction story in it and 25% of famous pop and rock musicians in another study died of drug and alcohol problems.
With Coronavirus having sabotaged music’s economic model and independent artists are facing an uncertain future. In this in-depth article by Robert Rubsam, we meet independent musicians who have been forced to pivot and find new ways to make ends meet without live events.
Los Angeles-based Wave allows fans to watch their favorite artists performing as digital avatars. The VR startup just raised a $30m funding round from investors including mega-manager Scooter Braun, Twitch co-founder Kevin Lin and more. Are virtual concerts indeed the future?
The Avicii Experience is coming to the Swedish capital in 2021. The tribute museum to the late DJ and producer will include an immersive interactive exhibition that showcases Tim Bergling’s unpublished music, photos, memorabilia, and much more. A must-visit for Avicii fans!
Professional songwriters got into a legal battle with music streaming services over how much they get paid in the United States. This is due to the fact that services have appealed against a rise in mechanical streaming royalties for songwriters.
In June we celebrate Black Music Month! This yearly observance was initiated by President Jimmy Carter who, on June 7, 1979, decreed that June would be the month of black music. This year this event has an even more important role in the music industry and our daily lives, so let us take a look at the latest happenings and commitments to support the black community.