Music Business News: North America News Spotify co-founder cashes out $85.8m in stock after streamer posts record profit… as songwriters brace for $150m royalty cut this yearSpotify exec shareholders have wasted little time cashing out stock following the company's share price bounce News Spotify estimates that it would have to pay out $50m if the MLC wins its bundling lawsuitThe MLC sued Spotify in the US for allegedly underpaying royalties to songwriters and publishers as a result of its decision to reclassify its Premium tiers as 'bundles'. Interviews ‘Our vision is to build a full service, independent publishing company that can compete with the best.’MBW's Trailblazers series meets Range Music Publishing execs Casey Robison and Sam Drake News Primary Wave strikes multi-million dollar music rights deal with Steve Porcaro of TotoPorcaro wrote some of and performed on all of the band’s repertoire News Small events platform Posh raises $22M in Series A roundThe platform focused on intimate gatherings has raised $31 million so far, according to news reports News Audiomack launches ‘Sponsored Songs’ for artists as alternative to streaming fraud"You can buy a billion streams and make it look like you’ve made it, but what does that number mean if you can't... build a genuine fanbase?” News Steven Gringer elevated to Senior Vice President of A&R at PULSE Music GroupGringer has worked with the likes of Gabe Simon, Angel Lopez and Manuel Lara News Apple Music launches Apple Classical Top 100 global chartApple's one-year-old app for classical music has been a "huge hit" with fans of the genre1 2 … 1,062 Next
News Spotify co-founder cashes out $85.8m in stock after streamer posts record profit… as songwriters brace for $150m royalty cut this yearSpotify exec shareholders have wasted little time cashing out stock following the company's share price bounce
News Spotify estimates that it would have to pay out $50m if the MLC wins its bundling lawsuitThe MLC sued Spotify in the US for allegedly underpaying royalties to songwriters and publishers as a result of its decision to reclassify its Premium tiers as 'bundles'.
Interviews ‘Our vision is to build a full service, independent publishing company that can compete with the best.’MBW's Trailblazers series meets Range Music Publishing execs Casey Robison and Sam Drake
News Primary Wave strikes multi-million dollar music rights deal with Steve Porcaro of TotoPorcaro wrote some of and performed on all of the band’s repertoire
News Small events platform Posh raises $22M in Series A roundThe platform focused on intimate gatherings has raised $31 million so far, according to news reports
News Audiomack launches ‘Sponsored Songs’ for artists as alternative to streaming fraud"You can buy a billion streams and make it look like you’ve made it, but what does that number mean if you can't... build a genuine fanbase?”
News Steven Gringer elevated to Senior Vice President of A&R at PULSE Music GroupGringer has worked with the likes of Gabe Simon, Angel Lopez and Manuel Lara
News Apple Music launches Apple Classical Top 100 global chartApple's one-year-old app for classical music has been a "huge hit" with fans of the genre