5 Things You Missed in Music Business News
Things are constantly changing in the landscape of the music industry and it’s important to stay on top of trends and news updates, especially as an independent artist. We’ve got you covered with a weekly recap of the top stories you need to know.
Pandora and Ticketmaster Sign New Deal
The new Pandora/Ticketmaster pact means artists can use in-stream audio marketing campaigns through Pandora to directly communicate to their fans about upcoming live events. Pulling from Ticketmaster’s touring data, Pandora will notify fans of upcoming tour dates in their area and when tickets are on sale.
80% Increase for Sony Music
Sony Music hit $2.1 billion in fiscal 2018 which was 80% more than 2017’s $1.15 billion. This is in large part thanks to successful albums by Sony artists like Travis Scott’s “Astroworld,” Camila Cabello’s “Camila,” and Luke Combs’s “This One’s for You,” and more.
Sony/ATV Signs DJ Mustard
The new Chairman and CEO of Sony/ATV Music Publishing, John Platt, has brought in DJ Mustard as one of his first signees.
Lemonade on All Streaming Platforms
Along with the success of her Netflix documentary, “Homecoming,” Beyonce surprised us again by releasing her 2016 Grammy-winning album on all streaming platforms. Three years ago the project was only available on Tidal.
Woodstock Festival Gets Cancelled
The Woodstock 50th Anniversary Festival has been canceled due to insufficient production. Dentsu Aegis agency said, “We don’t believe the production of the festival can be executed as an event worthy of the Woodstock brand name while also ensuring the health and safety of the artists, partners and attendees.” #nofyrefest