Music Business News: United States

$1.3bn-valued DistroKid moves into video distribution with new DistroVid launch

The DistroVid platform will allow artists to upload an unlimited amount of music videos and keep 100% of their earnings, the company says

Bad Bunny is king of Spotify, setting new all-time record for streams in a single day

In 2021, Bad Bunny was the most-streamed artist in the world on Spotify for the second year in a row

Dalmar ‘Biz Dev’ James Jr. and Eric Namour join distribution platform DistroDirect

The new hires mark DistroDirect's ongoing global expansion

From Universal’s $2.46bn in Q1 to the record labels and publishers’ major settlement: It’s MBW’s Weekly Round-Up

The biggest stories from the past week – and why they matter

‘This agreement guarantees a raise for CDs, vinyl and downloads, but we know that songwriters need much more to succeed – they need fairness.’

This op/ed comes from David Israelite, the President & CEO of the National Music Publishers’ Association (NMPA)

Live Nation revenues soar to $1.8bn in Q1 2022, as company delivers ‘best first quarter ever’

Live Nation has published its financial results for Q1 2022 (ended March 31)

Record labels and publishers ink major settlement, moving from 9.1 cents to 12 cents per track for US mechanical royalties on physical sales

Agreement reached to settle rate negotiation in the US

Splice Chief Music Officer Maria Egan exits, joins Riot Games as Global Head of Music & Events

Egan was previously Chief Music Officer at Splice since 2020