Apple Music and Amazon Music are far from the only streaming services whose origin stories involve music download stores. PortalDisc is the biggest downloads store in Chile, but it is now moving into streaming with its new service PortalDisc App.
The new feature improves the compatibility of data that flows through SoundExchange’s Music Data Exchange application, a centralized system that facilitates the exchange of sound recording and publishing data before recordings are released in the market.
New rules on equity crowdfunding in the US will allow startups to raise up to $5m a year from ‘non-accredited’ investors (i.e. the general public). Expect a wave of startups testing it out, including music firms.