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What the CARES Act Stimulus Package Means for Music: A Guide for Workers & Businesses

The CARES Act, a $2 trillion coronavirus economic stimulus package signed into law March 27, includes some of the most far-reaching benefits for gig economy workers and small businesses in U.S. history. That’s good news for the music industry. But as banks and state unemployment offices rush to update their websites and meet demand for...

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Livestreams Are Moving to Hard Tickets to Replace Lost Touring Revenue

Companies like Side Door, StageIt and Looped are stepping up to help artists capture revenue. Canadian-based live event platform Side Door was set to make its big launch in the U.S. at this year’s South by Southwest, when the annual Austin festival was canceled in early March. Side Door, which matches artists with unconventional venues for...

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SoundCloud Unveils $15M Plan to Support Artists During Coronavirus

SoundCloud is taking more action to assist creators affected by the coronavirus pandemic. After previously rolling out a number of support initiatives — including offering its SoundCloud Pro Unlimited subscription for 50% off through March 30 and providing access to Twitch’s Affiliate program — on Thursday (April 2) SoundCloud CEO Kerry Trainor announced a plan worth...

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Spain’s Recording Industry Facing 100M Euro Loss Due to Coronavirus

Spain’s music boom “did not last long,” laments industry association Promusicae’s Antonio Guisasola. BARCELONA — Spain’s recording industry will suffer a direct hit of at least 100 million euros ($109 million) in losses due to the coronavirus outbreak, according to Spanish industry association Promusicae. The dire prediction comes in the face of news that recorded...

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Colbie Caillat, Betty Who & More Announced for ‘UnCancelled’ Virtual Benefit Festival

Colbie Caillat, Emily Kinney, Josh Radnor, Betty Who and more have been announced for a new virtual concert titled the UnCancelled Music Festival. The event will bring musicians, fans and venues affected by the COVID-19 pandemic together for a virtual live music experience to help sustain and connect the global music community during this trying and...

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Warner Music and Spotify Announce ‘Expanded’ Licensing Deal

A little over eight months after announcing it had renewed licensing deals with “two of our four major label partners,” Spotify ticked a third off its list on Wednesday in a joint announcement with Warner Music Group. “Warner Music Group and Spotify are pleased to announce a renewed global licensing partnership,” the two parties said...

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Elton John’s Living Room Concert For America Raises $8M

The Elton John-led starry benefit concert that featured Billie Eilish, Mariah Carey and Alicia Keys on Sunday has raised nearly $8 million to battle the coronavirus. The musicians performed from their homes for the hourlong event that aired on Fox and iHeartMedia radio stations. The money will go to Feeding America and First Responders Children’s...

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Spotify Unveils Alternative Country Playlist ‘Indigo’ Featuring Kacey Musgraves, Orville Peck & More

Spotify has launched a new playlist brand titled Indigo today (March 31). The goal of the streaming service’s latest country playlist aims to “help widen the playing field for artists who span country subgenres from pop to bluegrass but stick close to country’s roots in some of their songs,” Spotify explains in its announcement. Artists...

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Kobalt Revenue Up 35% Even as Losses Widened in 2019

The company says it’s “aiming for future growth and profitability” and has enough capital to invest in its staff and clients during the coronavirus crisis The Kobalt Music Group lost $56.78 million on revenues of $543.44 million for the year ended June 30, 2019. While that performance represented a widening of losses from the prior...

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Spotify Kids Launches in U.S., Canada and France with New ‘Wash Your Hands’ Playlist

The family-friendly version of Spotify’s regular app was previously rolled out in several international markets. Spotify isn’t just for adults anymore. The streaming service’s first standalone app for children, Spotify Kids, launched in beta on Tuesday (March 31) in the U.S., Canada and France. The company previously rolled out the app in various other countries,...

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