This week we bring you all the latest music industry news, including updates on the pandemic economics, creative hustle ideas for tough times, and some optimistic statistics we could all use these days. We also pay our respects to electronic music pioneer and Kraftwerk founder Florian Schneider with a few inspiring articles and interesting facts you might not have heard of before!
Bandcamp waived its revenue shares for the first time on March 20 with a $4.3 million result for the artists. On May 1 they did it again and a stunning $7.1 million was spent on the site in 24 hours. This was the biggest sales day in the history of Bandcamp. Let’s break the record again on June 5!
The IFPI’s streaming figures confirm that independents and artists direct strongly outperformed the majors in 2019. This means that independents grew by 39% while majors grew by 22%. The independent sector’s global share of revenue has increased from 27% to 29%.
The San Francisco-based crowdfunding platform saw a massive increase in new accounts during the Coronavirus lockdown, including a 150% increase in the number of musicians. According to a blog post from March, more than 150,000 artists use Patreon to generate income and they’ve earned over $1 billion in revenue.
Non-profit performance-rights organization ASCAP (American Society of Composers, Authors and Publishers) reported record-breaking financial results for 2019. Royalty distribution to ASCAP members crossed the $1bn mark for the third year in a row with a $75m increase in 2019.
Music.com is looking for 500 individual independent US-based artists to share the story about one of their songs on the platform. The initiative is meant to have a “stay-at-home gig” feel where selected artists get paid $250 to $500.
According to a new survey conducted by the non-profit Freelancers Union, freelancers in the music industry are not getting the government support and assistance they need. The survey also found that the application process was both confusing and technically challenged.
London mayor Sadiq Khan’s emergency fund support to venues and other creative businesses in the UK also includes a £450,000 contribution to the Music Venue Trust’s #saveourvenues fund. The funding will be aimed at independent venues most likely to go out of business as a result of the pandemic shutdown.
An impressive number of independent musicians have come together within the Union of Musicians and Allied Workers (UMAW) to secure more support for struggling musicians during the crisis. Besides sending a letter to congress, the union also plans on addressing issues related to streaming payments, mechanical royalties, and more.
Although some massive donations have been made previously, the MusiCares COVID-19 Relief Fund is now depleted. This means that they no longer can accept new applications until they can raise more money. Since March, the fund has raised nearly $14 million.
According to the newly-formed US-based National Independent Venue Association (NIVA), the majority of its member venues (90% of 1,300 venues) won’t be able to survive without federal aid. Board president Dayna Frank shares her thoughts on the bleak situation.
AdHoc spoke to five artists (out of which four are independent!) whose plans have been influenced by the pandemic one way or the other. Read some relatable stories and get some inspiration from fellow music makers for handling this unexpected situation.
The Spanish music industry’s online Cuarantena Fest was an attempt to raise money and spotlight independent artists whose plans were interrupted by the pandemic. While donations were modest, the festival managed to showcase independent musicians in Spain and Latin America.
Making meaningful contributions to the scene and connecting with fellow creatives is more important than ever, and Nashville-based company We Should Write Sometime (WSWS) has the stats to prove it. Swipe right to find your dream collaboration!
The Germans want their raves back and they want them now! Last weekend’s ‘Autodisco’ drive-in rave is a prime example of how to have fun while respecting the restrictions. The event was hosted in a car park for 250 cars with a maximum of two participants each.
Say yes to more drive-in events! Dallas electronic musician Marc Rebillet (also known as Loop Daddy) is planning a nationwide tour starting in June. The shows will be hosted at drive-in cinemas and a portion of the proceeds will be donated to the GlobalGiving Coronavirus Relief Fund.
Artists are keeping busy finding ways to get events and concerts running up again. While it’s far from being the real deal, Bishop Gunn frontman Travis McCready will perform a concert next week. The audience will keep the distance in “fan pods”.
Many artists dream of their passion for music becoming their full-time job. While you might not get paid a salary for working on your own music, there are a lot of opportunities where you could still work with your biggest passion and cash in at the same time. Check out this article showcasing some successful DJs and producers who managed to combine their passion with a regular 9 to 5.
Florian Schneider, co-founder of highly influential electronic pop group Kraftwerk has passed away at the age of 73 after a battle with cancer. The group had a massive influence on the early hip-hop scene, basically invented electro, and left its mark on almost every music genre you could think of. If you are not familiar with this legendary German group, check out these articles to find out more about the importance of their groundbreaking work.