Daily News & Analysis Feeds - 2021

Here you’ll find the latest announcements on Association events and partnerships, the latest from within our member community, and expert reporting from around the global music business. If you’d like to receive updates like these sent directly to your inbox, sign up for our RSS feed emails today!

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September 21, 2021 – Music Biz Member GoDigital Media Group Acquires Sound Royalties

GoDigital Media Group (GDMG) has acquired Sound Royalties, a music financing platform that pays out advances to artists and rightsholders based on predicted future royalty income. Sound Royalties can service transactions ranging from $5,000 to tens of millions of dollars, and creators retain their copyrights and ongoing royalty cash flow beyond the amount which they… Read More

September 20, 2021 – Music Biz Member Clio Music Opens Entries for 2022 Clio Music Awards

Music Biz member Clio Music has announced the call for entries for the 2022 Clio Music Awards. The annual awards program celebrates achievement in artist self-promotion, music marketing, brand collaborations, student projects, and the use of music in advertising. The first deadline to enter submissions is Saturday, November 6, after which prices to enter will… Read More

September 20, 2021 – NEW MEMBER PROFILE: Xperi

Welcome Xperi to the Music Biz member community! Xperi delivers many data-driven technologies through their brands DTS, HD Radio, IMAX Enhanced, Invensas, and startup Perceive; thanks to the recent merger between Xperi and TiVo, Xperi is now also the home of TiVo Music Metadata. The TiVo toolset offers enhanced digital music experiences in the home,… Read More

September 16, 2021 – Music Biz Member Spotify Planning to Release New “Enhance” Feature For Playlists

Audio streaming platform Spotify is in the process of releasing a new, algorithm-based “Enhance” feature that automatically adds recommended songs to user playlists. The platform will analyze users’ playlists and base recommendations off of styles and themes of selected songs. Enhance will add a maximum of 30 songs per playlist and will not replace existing… Read More

September 16, 2021 – Music Biz Member Utopia Music Appoints Roberto Neri as COO

Music tech company Utopia Music has appointed Roberto Neri, Downtown Music Holdings’ former EVP of Business Development, as its Chief Operating Officer. Based in London, Neri will oversee Utopia’s commercial & business operations, and expand the firm’s international office footprint. He will report to Utopia’s CEO, Markku Mäkeläinen. Prior to joining Utopia, Neri joined Downtown… Read More

September 15, 2021 – Music Biz Member Apple Music Creates New Process To ID & Pay Rightsholders For Songs Used in DJ Mixes

Apple Music is using Shazam’s music recognition technology to power a new process of identifying songs used in DJ mixes, in order to directly compensate song rightsholders, DJs and mix suppliers. Additionally, Apple Music has reserved funds to pay DJs and mix suppliers quarterly royalties based on the percentage of streams they accrue out of… Read More

September 15, 2021 – Music Biz Member Spotify Recruits Julie McNamara As Head Of U.S. Studios & Video

Spotify has named Julie McNamara as the company’s Head of U.S. Studios & Video, a role that will find her overseeing key partnerships for Spotify Originals and setting the creative vision for its studios. She will report to the company’s Chief Content Officer and Advertising Business Officer, Dawn Ostroff. Before joining Spotify, McNamara served as… Read More

September 14, 2021 – Music Biz Member Sony Music Announces Bobby Ju As New Managing Director in Korea

Sony Music Entertainment Korea (SMEK) has named Bobby (Youngchan) Ju as the company’s new Managing Director. In this role, he will oversee SMEK’s operations in the country by building & strengthening strategic partnerships and growing SMEK’s local roster. Ju joined SMEK’s A&R team in 2012 as the A&R, distribution and label relations manager. Last year,… Read More

September 14, 2021 – MEMBER DISCOUNT: Trusted Advisor Summit 2021

Momentous Insurance Brokerage and Marsh McLennan are set to host the Trusted Advisor Summit, an invite-only event at the historic Mayan Theatre in Los Angeles on Wednesday, November 10! The summit will gather more than 150 top entertainment advisors for interactive panels, presentations and networking opportunities! We’ve partnered with the event organizers to offer active Music… Read More

September 13, 2021 – RIAA Releases Mid-Year 2021 U.S. Music Revenues Report

The Recording Industry Association of America (RIAA) today released their comprehensive mid-year music revenues report, showcasing a 27% increase for the first half of 2021 for a total retail value of $7.1 billion. Paid music subscriptions accounted for nearly two-thirds of total revenue in this time, with the number of subscriptions surpassing 80 million. Vinyl… Read More