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Music Ally 03/26/2020 08:08
StubHub has become one of the first ticketing firms to confirm plans to ‘furlough’ staff (the term means to put staff on mandatory leave, often unpaid – it’s not clear whether that applies here – as a temporary measure). “Given the impact of the coronavirus on the live-events industry, we have made the difficult but responsible decision […]. .
Music Ally 03/25/2020 10:00
Spotify has just announced some of the things it's doing in response to the COVID-19 (coronavirus) outbreak. They include launching a music relief project where the streaming service will match donations up to a total Spotify contribution of $10m, and a feature enabling artists to fundraise from fans via their Spotify profiles. The Spotify COVID-19 Music Relief project will do several things. First, it will point people towards "verified organisations that offer financial relief to those in the music community most in need around the world" – starting with MusiCares, PRS Foundation and Help Musicians with more to come. Second: "Spotify is making a donation to these organisations and will match donations made via the Spotify COVID-19 Music R.
Music Ally 03/25/2020 05:51
News that Justin Bieber is going to be releasing a couple of albums a week during the coronavirus pandemic may raise your eyebrows, but there’s a caveat: these are compilations rather than all brand new material. “Gonna be putting up some compilations for you guys. Tuesdays and Thursdays. Here is the first one,” tweeted Bieber yesterday, […]. .
Music Ally 03/25/2020 05:49
YouTube’s latest initiative to encourage people to self-isolate during the coronavirus pandemic’s current phase is a hub called StayHome #WithMe that gathers videos that it thinks will keep people entertained, active and informed while staying home. The top shelf on the page is called ‘Jam With Me’ and spotlights the latest livestreams from artists – at the time […]. .
Music Ally 03/25/2020 05:44
Bertelsmann, parent company of BMG, has issued the financial results for 2019 for its music arm, with revenues growing 10.1% to €600m (up from €545m in 2018). Recorded music revenues were up 13.6% while publishing grew 8.3%. The company also reported that its operating EBITDA rose by 12.7% to €138m. It pointed to markets such as the […]. .
Music Ally 03/25/2020 05:26
European independent body Impala set up a Covid-19 Task Force last week, and it’s been quick to swing into action: publishing 10 recommendations to help musicians and the music industry come through the coronavirus pandemic. The body wants a joined-up approach across Europe; clear rules on event cancellations and lockdowns nationally; comprehensive financial support plans by countries […]. .
Music Ally 03/25/2020 05:03
“I know this time of self isolation is hard and scary for people but however bad you are feeling- please, please don’t consider starting your own podcast,” joked actor Nicola Coughlan last week – which made us giggle. But for people already making multi-host podcasts, self-isolation is presenting a challenge: if they’re not living together, they shouldn’t be […]. .
Music Ally 03/25/2020 04:56
Start today with the group of streaming services and tech companies announcing contributions to MusiCares' COVID-19 Relief Fund in the US. Amazon Music, Facebook, SiriusXM and Pandora, Spotify, Tidal and YouTube Music are the services, and while no amount has been given for their contributions, MusiCares said that in less than a week it has raised "millions more than the initial $2m" that started the fund to help artists and music industry workers. (It's US-specific, but we're aware of streaming services actively seeking out similar funds and relief efforts across the world, so we expect more announcements.). .
Music Ally 03/24/2020 08:24
Earlier this year, Twitter provided analysts with its financial guidance for the first quarter of 2020, predicting revenue of between $825m and $885m, and operating income between $0m and $30m. Yesterday, though, Twitter withdrew that guidance, due to the coronavirus pandemic. “While the near-term financial impact of this pandemic is rapidly evolving and difficult to measure, based on […]. .
Music Ally 03/24/2020 08:17
It’s not just music streaming services who are excited about podcasts and long-form audio more generally. The New York Times just acquired a startup called Audm, which runs a “subscription-based audio app that offers listeners the world’s best longform journalism, read aloud word-for-word by celebrated audiobook narrators”. It launched in 2016, and aggregates articles from the NYT but […]. .
Music Ally 03/24/2020 08:15
We really hope that means ‘Learn Korean with BTS’ – blame Google Translate if not! We wrote about Weverse earlier this year as part of our report on K-Pop giant Big Hit Entertainment’s latest financial results: it’s a fan community platform focusing on artists including BTS, TXT, Seventeen and Gfriend, launched by Big Hit subsidiary beNX. Now it […]. .

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