Brief news items and worthy reads from around the web:
UMG launches Awesomness Music label to sign YouTube stars: Universal Music Group, one of the world’s largest label groups, hopes to funnel a new wave of music stars from YouTube success stories. A new record label called Awesomness Music is hooked into Awesomeness TV, a multi-channel YouTube outlet. See also: a new exec joins that YouTube venture. [Billboard]
David Lowery explains how streaming music helps band managers make money on the concert side: David Lowery is a renowned skeptic of streaming as financially viable for musicians. Lowery’s blog posts fuel the (f)ire of many performers and songwriters who are unsatisfied with royalty checks from streaming music services. In his latest disquisition, Lowery borrows from his college lecture course on the economics of music, partly blaming artist managers for ignoring piracy issues. [The Trichordist]
From Vinly to Digital: A fun infographic:
