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Sony aims to pay artists/labels for Spotify stock sale by August

Sony has made yet another move toward transparency in how it is distributing the proceeds from its sale of Spotify stock. Sony Music Entertainment has informed indie labels by email that it intends to make payments to eligible artists and participants as soon as possible. There is one interesting and revealing point. Continue Reading

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Napster CEO: Streaming growth will bring “a great deal of diversification” in the future

Napster President and CEO Bill Patrizio gave a keynote talk at the Midem conference, offering his insights on the streaming service’s internal plans and the broader streaming economy. He acknowledged that the company didn’t plan to tackle the current market leaders head on, but would continue pursuing other, innovative approaches to music, such as running streaming services for other brands and businesses. Continue Reading

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Apple Music adds music publishing department

Apple Music has reportedly launched a new division for music publication. According to Music Business Worldwide, the division will work in operations, commercial, publisher relations, and A&R. The unit will be led by Elena Segal, who has been promoted from legal director of iTunes International to Global Director of Music Publishing for Apple Music. Continue Reading