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Spotify tries to defend its artist payout rates

Engadget

It's no secret that Spotify isn't a big money maker for most artists. But, in its annual Loud & Clear report , the music streamer is trying to change the narrative, reiterating an earlier claim that it paid artists $10 billion in 2024 ($60 million since launching) and adding that these payments increased tenfold over the last 10 years.

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Napster just sold for $207 million

Engadget

The once-iconic music-sharing platform Napster just sold for $207 million, according to reporting by CNBC. More specifically, the company plans on creating virtual 3D spaces for music fans to attend concerts and listening parties, in addition to creating a sales platform for musicians and labels to sell merch.

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Mr Eazi, Black Coffee and Ajebutter22: The African music artists backing startups

TechCrunch

His win came when the global appetite for Amapiano, a style of house music that emerged in South Africa , and Afrobeats, a popular music genre that originated from Western Africa , had increased exponentially. It was a much-needed success for the African music scene, and though it didn’t appear so, it was a boost for its tech scene. .

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Apple Music pays a penny per stream

The Verge

Apple Music’s payment rate for artists and labels is fundamentally a penny per stream, according to a letter from the company posted on its artist dashboard and first reported by the Wall Street Journal. Announcing a penny-per-stream rate is a nice PR win for Apple Music, since it is 1. Photo by Chris Welch / The Verge.

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Virtual artist Miquela debuted a music video at Lollapalooza

The Verge

Lollapalooza moved online this year , and the music festival kicked off in an appropriately online way: with the debut of a new music video from virtual creator Miquela. The “Hard Feelings” video also differs from her past music videos in a few ways. She’s part of a burgeoning field of digital influencers.

Music 113
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TikTok secures music from Universal’s ‘full catalog’ of artists

The Verge

Today, TikTok and Universal Music Group (UMG) have announced the formation of what they’re calling an “expanded global alliance.” It’s a continuation and deepening of the agreement that allows TikTok’s massive user base to use songs from UMG artists. The UMG deal follows other deals with major sectors of the music industry.

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SOCAN Foundation and CBC launch Indigenous music residency

Charity Village

CBC and the Society of Composers, Authors and Music Publishers of Canada (SOCAN) Foundation launched the CBC Indigenous Music Residency, a songwriting program for six Indigenous musicians supporting their growth and artistry. Six participants — two First Nations, two Inuit and two Métis artists — will be selected.

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