Issue #379: Sony Overhauls Legacy Label to Adapt to Streaming; SoundMachine, Napster Partner for Expanded Music Subscription Service for Businesses

Sony Music Overhauls Legacy Label to Adapt to Streaming
Sony Music Overhauls Legacy Label to Adapt to Streamingvariety.com
Sony Music is overhauling its catalog-focused Legacy label to adapt to changes streaming has presented, a source tells Variety.

Spotify tells Wall Street it is going to have a very good year in 2018
Spotify tells Wall Street it is going to have a very good year in 2018www.recode.net
Ahead of its IPO, the streaming service offers its first-ever guidance: Revenue, subs, margins will be up, operating losses will go down

The White Buffalo to Offer Instant Live Recordings via VNUE’s set.fm
The White Buffalo to Offer Instant Live Recordings via VNUE’s set.fmplatformandstream.wordpress.com
VNUE will be recording the upcoming U.K. run from the roots, blues and soul-infused act The White Buffalo, a.k.a. songwriter Jake Smith, and making them available for download instantly via VNUE’s set.fm mobile content delivery app and website.

SoundMachine partners with Napster for retail-focused music service
SoundMachine partners with Napster for retail-focused music servicewww.musicweek.com
The service blends SoundMachine’s music subscription service for businesses with Napster’s music programming technology and catalogue.

The Real Slim Shady: Investing in Digital Music
The Real Slim Shady: Investing in Digital Musicthemarketmogul.com

According to the International Federation of the Phonographic Industry, in 2016 the global music industry grew by 5.9%. Digital revenue accounted for 50% of the global music revenue and digital revenue grew by 17.7%.

A super oversimplification on music rights, ownership and why it matters
A super oversimplification on music rights, ownership and why it matterswww.geeksandbeats.com
The latest in music and technology from The World’s Most Popular Podcast with Alan Cross and Michael Hainsworth

Neil Young on his new film Paradox, the power of music and the evils of streaming
Neil Young on his new film Paradox, the power of music and the evils of streamingwww.theglobeandmail.com
Young’s soundtrack to the Netflix film, which was directed and written by his partner Daryl Hannah, will be released Friday

Reliance, eyeing data use, buys into music streaming service
Reliance, eyeing data use, buys into music streaming serviceasia.nikkei.com
MUMBAI (NewsRise) — Reliance Industries deepened its foray into entertainment by purchasing a stake in Indian music streaming service Saavn, a move t

Spotify's Churn Rate and Inactive Subscribers: Should the Music Industry Be Concerned?
Spotify's Churn Rate and Inactive Subscribers: Should the Music Industry Be Concerned?www.billboard.com
The good news for Spotify is that its churn rate is steadily decreasing, even as its user growth continues to outpace those of Apple Music and other rivals.

Austin VR firm takes music lovers backstage at ‘Austin City Limits’
Austin VR firm takes music lovers backstage at ‘Austin City Limits’www.512tech.com
A local company is using cutting-edge technology to take music lovers behind the scenes at the long-…

LL COOL J Launches His New SiriusXM Channel “Rock The Bells Radio” on March 28
LL COOL J Launches His New SiriusXM Channel “Rock The Bells Radio” on March 28platformandstream.wordpress.com
SiriusXM announced today that LL COOL J will launch his new SiriusXM classic Hip-Hop channel on March 28 entitled LL COOL J’s “Rock the Bells Radio.”

The Pandora v. Spotify ad battle is on
The Pandora v. Spotify ad battle is onwww.axios.com

While both services have made the majority of their revenues off subscriptions, revenue growth opportunities for subscriptions are slowing as the market becomes more saturated.

Spotify launches black history hub with the help of Janelle Monáe
Spotify launches black history hub with the help of Janelle Monáeew.com

GRAMMY-nominated singer, songwriter and actress, Janelle Monáe, kicks off Black History Is Happening Now campaign