DistroKid, Audiomack Deal; U2's ‘Virtual' Concerts; PortalDisc Moves Into Streaming; Soundstripe Boom; SiriusXM, T-Mobile Team for Pandora Offering

Did you know that the top 500 artists on Spotify last year generated around $1.85bn in royalties from the streaming service - 37% of its overall payouts?

Integration lets DistroKid users distribute music directly to their artist profile on Audiomack.

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.

U2 launched their ‘Virtual Road’ series with a 2001 concert from Slane Castle. Dermot Kennedy opened the set with a new performance.

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.

Soundstripe, a Nashville-based company, is a leading provider of unlimited royalty-free music, stock video, and sound effects for use in videos, podcasts, and other media projects.

The Coachella music festival is being postponed for a fourth time and moved to April of 2022, sources tell Variety.

SiriusXM and T-Mobile said they will offer an ‘enhanced’ version of the Pandora streaming music service to T-Mobile’s customers.

Key takeaways from a recent report which assembles, for the first time, the global market revenue and percentage share of the independent music publishing sector.

Company has raised over $75m to date.

James Arthur believes live-streaming is the future - The Number One music magazine feat. band & artist news, reviews, interviews, videos & gossip UK & worldwide.

Infinite Dial survey suggests 50–50 split between solo and group listening to online media.

The second largest music market in the world has been more into CDs than streaming, but the pandemic changed all that.

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.

Griffin will contribute his copyright, metadata, and music licensing expertise to PEX and its clients.

Offmeta will introduce a one-stop licensing solution for partners and create artist integrations in broadcasts and content revolving around gaming, esports and digital culture as a whole.

Over 50 hours of non-stop music on March 26-27, 2021.