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Over the past few years, with the emergence of streaming, the music industry has undergone a radical transformation. However, the music revenues broke all records since the 1990's. Do not miss any meaningful information related to the music industry with Music Industry Essentials!

Top news of the week: 01.09.2022.

#AR
#RIAAHonors
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#nftcommunity
#MusicNFT
#metaverse
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#NFTmusic

@MusicREDEF shared
On Sep 1, 2022
Publishers, Streamers Reach Deal for Highest Streaming Royalty Rate Ever: Here’s How It Works (@edchristman - @billboard) https://t.co/EyREyEHWse
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Publishers, Streamers Reach Deal for Highest Streaming Royalty Rate Ever: Here’s How It Works

Publishers, Streamers Reach Deal for Highest Streaming Royalty Rate Ever: Here’s How It Works

An explainer on how songwriter streaming royalties will grow from 2023 to 2027.

@billboard shared
On Aug 31, 2022
For the 2023-2027 period, Spotify, Apple, Amazon, YouTube and Pandora have agreed to raise songwriter and publisher royalties gradually to 15.35% of revenue. https://t.co/PkC61E3XMv
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Music Publishers and Streaming Services Announce New Royalty Rate for Songwriters

Music Publishers and Streaming Services Announce New Royalty Rate for Songwriters

For the 2023-2027 period, Spotify, Apple, Amazon, YouTube and Pandora have agreed to raise songwriter and publisher royalties gradually to 15.35% of revenue.

@JKalifowitz shared
On Sep 1, 2022
This settlement is fantastic news, not just for songwriters + music publishers, but for the broader industry. It reflects a real maturing of the business, paving the way for increased collaboration, innovation and years of growth ahead .https://t.co/kX9t6en0zL
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Music Publishers, Streaming Services Avoid Another Battle Royale by Setting Royalty Rates for Next Four Years

Music Publishers, Streaming Services Avoid Another Battle Royale by Setting Royalty Rates for Next Four Years

After a grueling, hard-fought and ultimately victorious legal battle over streaming rates for the years 2018-22, the National Music Publishers’ Association, the Nashville Songwriters ...

@RIAA shared
On Aug 30, 2022
“I don't think there has ever been a time in music history when the influence of hip-hop has been more evident…” said @RIAA Chairman and CEO @mitch_glazier as we prepare to honor Pioneers of Hip-Hop at our #RIAAHonors event on on Sept. 14th! https://t.co/OiVvbOBHMp
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RIAA Chairman/CEO On Celebrating Hip-Hop Pioneers MC Lyte and Grandmaster Flash

RIAA Chairman/CEO On Celebrating Hip-Hop Pioneers MC Lyte and Grandmaster Flash

The rap pioneers are among those to be honored at the organization’s new Washington, D.C., headquarters.

@MusicREDEF shared
On Aug 27, 2022
How FN Meka Exposed the Problem of Digital Blackface for Virtual Artists (@erin_gee - @billboard) https://t.co/l0m2MxnJGK
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How FN Meka Exposed the Problem of Digital Blackface for Virtual Artists

How FN Meka Exposed the Problem of Digital Blackface for Virtual Artists

When can an avatar use the N-word? Or face police brutality? The AI rapper’s downfall is a futurist’s parable for race and digital ethics in Web3.

@mediaor shared
On Aug 29, 2022
[Music Ally] Music in the Metaverse Challenge showcases four new startups https://t.co/ZCxvFcTAkB
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Music in the Metaverse Challenge showcases four new startups

Music in the Metaverse Challenge showcases four new startups

Music Ally has been covering music in the metaverse – the intersection of music with games and virtual worlds – for a long time now.

@billboard shared
On Aug 29, 2022
Fuerza Regida signs with Sony Music Latin via Rancho Humilde Records https://t.co/g6KmWvESmS
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Fuerza Regida Signs With Sony Music Latin Via Rancho Humilde Records

Fuerza Regida Signs With Sony Music Latin Via Rancho Humilde Records

“Fuerza Regida represents a new generation of Mexican music,” said Sony Music U.S. Latin president Alex Gallardo.

@mediaor shared
On Aug 31, 2022
[Hypebot] Is the metaverse disrupting the music industry? https://t.co/2KntmZCcNT
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Is the metaverse disrupting the music industry?

Is the metaverse disrupting the music industry?

The Metaverse is becoming more and more of a core part of the music industry as mainstream artists like Snoop Dogg, Eminem, and more participate in the virtual universe. How. Continue ...