Music Business News: United States

Tune.fm promises artists larger streaming income through blockchain micropayments and an NFT marketplace

The five biggest stories to hit our headlines over the past seven days...

Bloomberg reports that UMG’s recorded music division ‘will be hit the hardest’

DistroKid claims to be the world’s largest distributor of independent music, and estimates that it distributes 30-40% of all new music in the world

The Beatport Group is seeing soaring revenue, having launched or acquired eleven new products since 2019

Timure and Hession will both be based in New York, reporting directly to President and CEO David Massey

Merlin’s newly elected Board hails from 12 countries across Africa, Asia, Europe, Latin America, North America, and Oceania

The number of tracks with no plays on audio streaming platforms jumped by 7.7 million over the past year, according to a new Luminate report