LABELS & PUBLISHERS
Kobalt's AWAL label services business says that hundreds of the artists using its platform now generate more than $100,000 a year in annual streaming revenue, with dozens making over a million per year. Further proof that the current streaming music business model does work for some artists, even though many music-makers still see nominal returns.
One Media IP says it has conditionally raised £6.04 million by issuing a load of new shares. The cash will be used to acquire more intellectual property assets, in particular via Harmony iP, an initiative that seeks to acquire copyrights and royalty shares by offering creators lump sum payments, especially in music. Spend, spend, spend!
APPOINTMENTS
Round Hill Music has hired Steve Clark, formerly of Warner Chappell, to be its new Global Chief Operating Officer. Getting Clark on board is "a major coup", says Round Hill CEO Josh Gruss.
RELEASES
Corey Taylor has released the video for recent single 'Black Eyes Blue'.
Aitch has released the video for 'Safe To Say', the opening track from his recent 'Polaris' album.
AG Cook just released a 49 track album, so you probably thought he was done with new music for a while. But no, he's announced that he'll be putting out another LP (featuring just ten tracks) called 'Apple' next month. Here's first single 'Oh Yeah'.
Arcade Fire's Will Butler has announced that he will release new solo album, 'Generations', on 25 Sep. From it, this is 'Close My Eyes'.
Ane Brun has released new single 'Take Hold Of Me'.
Barbarossa has released new single 'Recliner'. The song, he says, "is about letting go of what you think other people expect of you. Just giving in to who you are - accepting the good, the bad. Sometimes it's scary to show the real you, and it's also scary if you like your life like that, as it may mean you must make some hard changes in order to live your life as your true self".