CD Baby will bring the DIY Musician Conference to Nashville August 24-27, 2017.
It will turn Music City into a temporary hub for one of the most dynamic parts of the music business: the indie music scene, the musicians of all backgrounds and styles who shape their own careers, on their own terms.
The conference is the largest event dedicated to musicians of any genre who share a common professional approach. Last year’s meeting in Chicago attracted artists from 44 different states and 15 different countries.
“Independent musicians and small boutique labels are one of the fastest growing segments of the market, and they share a lot of concerns,” explains CD Baby’s Kevin Breuner. “No matter what kind of music you make, no matter where you are in your career, you need similar advice and support, and we program the conference in direct response to the questions and concerns we hear from musicians.”
Mediachain Labs, designed to explore how the next generation of blockchains and open, peer-to-peer protocols would empower creators to better reach their audiences and earn a living, has been acquired by Spotify.
Brooklyn-based Mediachain Labs has been the driving force behind the Mediachain project, a world-class blockchain research agenda and open source protocol to better manage data that is critical to the health of the music industry.
The Mediachain team will join Spotify’s New York City offices and help further Spotify’s journey towards a more fair, transparent and rewarding music industry for creators and rights owners.
According to a recent report from the Financial Times, music streaming is set to overtake CD and vinyl as the largest generator of income for British record labels in 2017. The report states that as more people opt for subscriptions to streaming services such as Spotify and Apple Music, revenues in the sector were pushed to a five-year high last year. Total income generated by the U.K. music industry increased by 5 percent to £925 million ($11.6 million) in 2016, from £881 million ($11.1 million).
Yet despite the popularity of the music industry, musicians often find themselves unfairly compensated.
To rectify this problem, the Open Music Initiative (OMI) and Ujo Music, among others, are attempting to change outdated modes in the music industry to ensure long-term sustainability, with the intent to use blockchain technology to support the creation of music.
Read Article: Bitcoin Magazine
Spotify and Merlin, the global digital rights agency for the independent label sector, today announced a new multi-year license agreement – ensuring the world’s leading independent record labels and their artists will remain at the core of Spotify’s offering to music fans.
Continuing a successful nine-year partnership, the agreement is structured to reflect and promote the value of Merlin’s collective offering of its members’ repertoire, while offering improved marketing and advertising opportunities and enhanced access to data.
Merlin member labels can also participate in Spotify’s recently announced flexible release policy.