Glad to tick off another week in the pandemic calendar, we hope you’re all hanging in there. We are still in the midst of the unknown but at least we can see the light at the end of the COVID-tunnel. While you’re sitting tight, check out the most important music industry news from this week! We have cherry-picked some promising news and updates from the music streaming services, and we also took a look at how live music is slowly but surely getting a reboot around the world.
Spotify is combining its separate artist and label dashboards into one platform. Artists and their teams (including labels and distributors) will have access to data and marketing tools through the same platform. With this change, the streaming service aims to foster better collaboration between teams.
Facebook is launching a new feature that will allow business profiles to set up an online store on their pages. The ‘Shops’ feature is meant to help businesses suffering from COVID-19. This could also be a great opportunity for artists who could sell their merch and make it easier for fans to support them directly.
Some great improvements are coming to YouTube that will allow creators to create a much better experience for their viewers. The new updates include access to in-depth analytics, the possibility to review comments, video chapters, and a super useful monetization icon.
Finally! Instagram has published its guidelines for using copyrighted music in posts, stories, and lives. The new update introduces a pop-up notification that warns users if they are using copyrighted material. This sounds way more useful than instantly getting muted or blocked.
YouTube’s Foundry initiative aims to support independent artists at early stages of their music careers. 12 new artists have been added to the program who will receive support with marketing, promotion, and various development tools.
Festicket partnered up with YouTube and Vimeo. They will allow artists and event promoters to set up and customize their own personal streaming page. The new platform will include the embedded live stream, webchat, links to social media profiles, and links to a shop, merch, or donation page.
Spotify’s ‘tip jar’ has raised a lot of questions. But it has also proved that creating new models with direct fan support online is the way forward. Amazon-owned Twitch is now having a go at making this new ‘tipping’ model actually work.
The Joe Rogan Experience podcast will become a Spotify exclusive this September. And it’s a big deal, like literally. The deal exceeded $100 million, which is one of the largest single podcast deals the industry has ever seen. Check out this in-depth piece to understand why this move could be important even for your career.
Analysts at Goldman Sachs foresee a 75% drop in revenue due to the postponement and cancellation of live events this year. However, in the long run they see an incremental increase in the market, estimating 1.2 billion online streamers by 2030.
All parts of the music industry have been affected by the global pandemic. And music royalties are not an exception either. PROs and publishers are under a lot of pressure and the performing rights revenue has been hit really hard.
APRA AMCOS (Australasian Performing Right Association and Australasian Mechanical Copyright Owners Society) launched a new sustainability fund. The aim is to help artists to keep creating new music during the pandemic. Members of the non-profit collective are eligible to apply for a $2,000 grant, regardless of their location.
The NYC Nightlife United Fund is dedicated to helping local venues in NYC, specifically Brooklyn. The fund will distribute grants to individuals (up to $5,000 in relief) and small businesses (up to $20,000 in aid).
The findings of Music Canada’s latest research are not only significant for the music industry but also important for the travel and tourism industry. This data-driven national study is now praised for its seriousness and trustworthiness. It will be helpful for policymakers to help planning the future of live entertainment. (Spoiler alert: the study shows that some music fans will never go to a concert again!)
Entertainment giant Live Nation was unable to host a single concert since March 12 because of the pandemic. But thanks to a $1.2 billion liquidity boost, the company is now prepared for even the worst scenario.
The Music Venue Trust’s #SaveOurVenues campaign turned out to be a remarkable success. After three weeks of online fundraising, fans and various organizations have raised over £1.5million, saving 140 venues so far.
Here’s an overview of what’s up in Nashville these days. Recording studios are slowly reopening after a total shutdown since March. The country music industry is struggling to keep the music alive. Creatives are tirelessly organizing drive-in concerts and socially distanced events.
While most of Europe’s clubs and concert halls stay locked this summer, the Spaniards feel more hopeful and are not giving up just yet. Spain’s three-phased reopening will definitely hit hard when it comes to Ibiza, the party capital of the world, as well.
Ciao Italia! Beginning with June 15, live music events will return to Italy. However, every participant must be seated. And it’s obligatory for everyone to wear a mask and to keep at least one-meter distance. Nightclubs won’t be allowed to open at this point.
So what about the infamous Berlin nightlife? It looks like Berlin clubs have started reopening… But what was once a sweaty dancefloor now is an outdoor beer garden with drinks and pizza. It’s allowed to play music, however, dancing is forbidden. Is it time for another Cabaret Law?
Did you know that some lucky people actually went to a concert this week? Travis McCready’s Arkansas concert was the first live show of the social-distancing era. People were wearing face masks and had their temperature taken, but according to the participants, it was all worth it!
Drive-in concerts are the new live streams! A new Australian startup is working with the authorities to organize drive-in events for up to 600 people. The initiative will first launch in eight Aussie locations. Hopefully, more follow if the trial events are safe and successful.
Headspace is the world’s #1 meditation/mindfulness app, and for a good reason. The app is now free for a full year for the unemployed in the US. The offer is available for new or existing free members. You should check it out if you’re eligible for a free year of premium. We promise you would find this app super helpful, especially in the current turmoil.
Here’s a useful article on Billboard about how to pursue your goals while preserving your mental health during a crisis. Well, this crisis. Know yourself, have a destination, stay in touch with your community – here are some great tips straight from the source!
In this episode of The Future of What podcast, mental health professionals discuss the psychological impacts of the COVID-19 quarantine. One of the guests is our favorite Al Andrews from Porter’s Call. If you’ve been following Record Union’s work during these last years, you might remember that Al’s project was one of the winners of The 73 Percent initiative we did last year.