Music Industry News Round Up
1) Apple Says Goodbye to iTunes
To soothe any panic for music-lovers and their carefully curated iTunes libraries, Apple reassured the public that “users will have access to their entire music library, whether they downloaded the songs, pursued them or ripped them from a CD.” (Read more)
2) Spotify Releases Stations App to US Audiences
Upon opening the app, users will select a playlist that has been populated based on their past listening history. Similar to Pandora, users can help the app improve playlist curation by giving songs a thumbs up or thumbs down. Playlists can also be renamed or edited by the listener themselves. (Read more)
3) Former Instagram Exec Joins UnitedMasters as President
Lauren Wirtzer-Seawood has been appointed as President of UnitedMasters, a digital distribution, services and insights company based in New York. Before taking on her new role, Wirtzer-Seawood was the Head of Music Partnerships at Instagram and supported artists from a variety of genres in using the social network.
Steve Stoute, UnitedMasters founder and CEO, said, “Lauren is a modern visionary in the music and tech industries. Her deep understanding of both ecosystems makes her perfectly suited to steer UnitedMasters as it rewrites the narrative of what it means to be an artist today.” (Read more)
4) Sheet Music Business Booms in Digital Age
In what may be surprising news to some, sheet music sales have grown tremendously, generating $240 million in global revenue in 2018 according to online store Musicnotes. Though this is a small part of the overall publishing business, this sector of the industry is thriving partly in thanks to popular musicals like Bohemian Rhapsody, La La Land, and The Greatest Showman.
Though most sheet music is still printed and bound in paper format, the digital space has also driven progress. Hal Leonard executive Jeff Schroedl has seen the company’s digital arm increase by 37% over the last four years. “All the formats drive one another,” he said. “The more we can bring a musician from beginner to intermediate or advanced player, the more they’re going to consume music in a variety of ways.” (Read more)
5) Warner Brothers Records is No More – As a Brand
Six decades after being founded, Warner Brothers Records has been rebranded as Warner Records, ushering in a new logo, new website, and a new chapter in the history of the famous label. Legal and imaging reasons motivated the change, which reflects the dramatic evolution the company has gone through in both their roster and internal staff.
“For the first time in the label’s history, we’ve had the opportunity to create a distinct, modern identity entirely of our own,” said US Co-Chairman & CEO Aaron Bay-Schuck and US Co-Chairman and COO Tom Corson. “The timing couldn’t be better, since we all feel the label is at a moment of reinvention that builds on our legacy, while moving into a future drive by fearlessness and creativity.” (Read more)