Warner Music Group has announced a major uptick in recorded music streaming, as the industry continues to look beyond downloads to paid subscriptions. The company announced on Monday that its recorded music division had received more revenue from streaming than paid for digital downloads in the quarter ending March 31, an unprecedented announcement from any of the major music labels. Overall, recorded music streaming revenue increased by 33 percent, giving more support to the idea that even with its various issues, streaming is the future for music consumption. "This is an important milestone, and impressive considering the strong double-digit growth is coming on top of an increasingly significant base," Warner Music Group CEO Stephen Cooper said.
Our guide to this week's album releases also features the week's top new music videos from artists like The Chemical Brothers, Panda Bear, and Mark Ronson, plus brand new streaming music from the likes of Faith No More, Hot Chip, and more. Read and Post Comments | Get the full article at Metacritic
By Sam Wilkin MUSCAT (Reuters) - The sharp sound of a sorna, an Iranian oboe-like instrument, pierced the silence of Muscat's Royal Opera House. As other Gulf Arab countries fret over what they see as a growing Iranian military influence, hundreds of Omanis turned out on Thursday to welcome the 14 members of the Rastak ensemble to their capital and drink in the sounds of Iranian folk music. "The sheer presence of Rastak is a celebration of our close ties with Iran. Rastak, founded in 1997 by a group of music students in Tehran, has brought its energetic brand of Iranian folk music to some of the world's leading venues including London's Barbican, but Thursday's one-night performance was its first in the Gulf.
Online music streaming service Spotify's revenues leapt 45 percent to top 1 billion euros ($1.1 billion) last year, though its operating loss widened due to product development and expansion costs, its holding company said. The company, founded in 2006 by Daniel Ek and Martin Lorentzon, was reportedly valued at about $8 billion in a recent fundraising. It said the increased loss was due to substantial investments in product development and international expansion, as well as an increase in staffing.
By Jonathan Stempel NEW YORK (Reuters) - A federal appeals court in Manhattan rejected appeals by a music licensing group and music publishers that could have forced Internet radio service Pandora Media Inc to pay higher royalties and have access to fewer songs. In a case closely watched in the music industry, the 2nd U.S. Circuit Court of Appeals on Wednesday rejected an effort by the American Society of Composers, Authors and Publishers to charge Pandora more to license its music from 2013 to 2015. It also said rules governing ASCAP licensing "unambiguously" barred music publishers from negotiating higher rates for their works with "new media" users such as Pandora, even as ASCAP licensed the same works to other users. Vivendi SA's Universal Music Publishing, Sony/ATV Music Publishing and EMI Music Publishing had withdrawn their new media licensing rights from ASCAP, while retaining membership in that group.
We already knew that Jimmy Fallon and Jack Black can sing, but they took it to the Extreme on Monday's Tonight Show. VIDEO: Kristen Wiig shows up as Khaleesi on The Tonight Show Instead of just covering Extreme's 1990 classic "More Than Words," the duo went one step further and perfectly recreated the ... Read More > Other Links From TVGuide.com Jimmy Fallon The Tonight Show Starring Jimmy Fallon Jack Black