Music Business News: United States

EMPIRE just paid a $1m advance to an artist in Bitcoin via Cash App

EMPIRE says its payment to Money Man marks the first advance paid entirely in Bitcoin by a record label

Bruno Mars fans join BTS ARMY and Taylor Swift fans on superfan app Fave

Fave is a social media platform for superfans

Grammy-winning producer Cirkut inks global deal with Universal Music Publishing Group

Cirkut has written and produced for Katy Perry, Miley Cyrus and The Weeknd

Warner launches JV label MARV Music with British production company MARV, Colin Barlow joins as President

First single will be a joint release with Parlophone from FKA Twigs featuring Central Cee

‘The next 10 years in music hold a wealth of opportunity, but only if copyright, revenue collection and distribution catch up.’

Utopia COO Roberto Neri puts forward his case for an overhaul of how music creators earn and receive money

Music’s rosy fitness story hits a speedbump, as Peloton reduces annual revenue forecast

Company reduces annual forecast by up to $1 billion

Reservoir’s revenues grew 45% to $30.4m in calendar Q3

“We continued to build strong momentum in our second fiscal quarter, as we drove double digit growth across all of our key performance metrics,” said Golnar Khosrowshahi, Founder and Chief Executive Officer of Reservoir

TikTok and social media’s explosion in music is only going to get louder

WeGenerate's Luka Zak on how short-form video and new social media platforms are transforming the industry