MusicTech Rewinder - Issue #34

HAVE A GREAT WEEKEND AND ENJOY READING!

Cheers,

Matt

Giving the music industry its due: Antiquated regulations are damming music revenues — www-financialexpress-com.cdn.ampproject.org

Big Hit Entertainment, a South Korean music label, will launch its IPO in October 2020 with a $4 billion valuation. Home to the K-pop band BTS, the label plans to hand each member of the band a special onetime reward of shares worth $8 million.

Not your typical instruments: How Lebanese composer Tarek Atoui is changing the way we experience sound — www.thenational.ae

Hunched over a waist-high table with a drum skin stretched across its centre, Tarek Atoui lets marbles drop from his cupped hands. As they roll on the taut plastic, the Lebanese artist begins pulling at a thin strip of film running through the middle of the drum skin, causing it to shake and the marbles to bounce.

Consumers Now Favor Streaming Services for Music Discovery Over All Other Sources — www.billboard.com

Sixty two percent of people say streaming services are among their top music discovery sources while just 54% named friends and family, according to the new Music 360 2020 report by MRC Data/Nielsen Music.

Twitch, still unlicensed by majors, launches rights-cleared music via deals with indie distributors and labels — www.musicbusinessworldwide.com

Soundtrack by Twitch will have more than a million tracks available from over 30 music companies…

Techstars Music 2021: Announcing Matching Capital from the Concord Impact Investing Initiative — medium.com

Techstars Music 2021 will run virtually with a commitment to 50% of our program CEOs being diverse; the Concord Impact Investing Initiative will provide additional matching investment for qualifying…

Stanford-developed software enables musicians isolated by the coronavirus pandemic to jam together again in real-time — news.stanford.edu

A longstanding software program for online music playing has been optimized for slower, home-based internet connections.

Deezer still pushing for user-centric payouts: 'We will continue fighting...' — musically.com

Just over a year ago, music streaming service Deezer announced its desire to launch a pilot of a 'user-centric payment system' (UCPS) by early 2020.

So, how can artists and songwriters can get paid? — www.midiaresearch.com

COVID-19’s decimation of the live music business coupled with the coming collapse in performance revenues due to closed shops, restaurants, bars and clubs mean that many (though not all) artists and…

What "Record Deal Simulator" is really telling us — mailchi.mp

Chasing the concept of “sustainability” and “freedom” doesn’t get you far without having concrete targets for your revenue, costs and profitability, to understand the kind of growth you need to achieve to be able to support the work you want to make.

Building an interdependent music scene: A list of resources by Mat Dryhurst — crackmagazine.net

The digital artist compiles a list of books, writings and resources that analyse different ways to organise ourselves and the music industry