Elon Musk blasts streaming services for “crazy low payouts” Tesla founder Elon Musk talks issues plaguing artists in the online music streaming business. Related Posts: Spotify UK retires ‘urban’ from verbiage Apple Music launches Africa Rising initiative to highlight African artists
Songwriters win big as Copyright Royalty Board boosts streaming pay nearly 50 percent The Copyright Royalty Board has voted to increase songwriter rates for music streaming by 43.8 percent over the next five years. Details here. Related Posts: Spotify UK retires ‘urban’ from verbiage Apple Music launches Africa Rising initiative to highlight African artists
Credit Suisse predicts that revenue from streaming services will increase sixfold from 2015 to 2020 The financial service company estimates that the global music industry will see revenue increase in 2016 for the first time since 1998 Related Posts: Spotify announces 22% increase in revenue during Q1 of 2020, 130 million subscribers Sources: Ultra Music Festival postponed over growing coronavirus concerns
