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Once again, new Drake album sets records and highlights the impact of a streaming economy

Drake continues to exert dominance over the music landscape with a new album that has broken records and demonstrated how extensively streaming has changed the role of longstanding industry standards and expectations. Scorpion dropped on June 29, and it quickly racked up enough streams to crack multiple records. The double album now holds the single-day streaming records for Spotify and Apple Music. Continue Reading

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

Webcast listening inches up in March; Spotify holds slight lead

Spotify held its slight lead over Pandora in March stream listening, an advantage established in January after three years of chasing. Aside from that metrics rivalry, the Top 20 group in Triton Digital’s Webcast Metrics report gained one percent in overall listening compared to February. PLUS — a little bit of smart speaker reporting. Continue Reading

Spotify is reportedly offering hefty advances to land more direct licensing deals

Spotify is reportedly offering advances to managers and indie artists as an incentive to consider direct licensing deals with the streaming service. Billboard reported that the company is offering up to several hundred thousand dollars in advances for managers that agree to license a particular number of tracks by indies directly to Spotify. On the platform, the managers and acts could then earn 50% of the revenue from those songs being streamed. Continue Reading