Music Business News: United States

Spotify offloads two thirds of its stake in DistroKid for $167m

Spotify made a minority investment in DistroKid back in 2018

Timbaland mints his first collection of NFTs, from upcoming EP, Opera Noir

Timbaland has created a series of NFTs composed of stems, hooks and beats from his upcoming EP

Spotify subscriptions reached 172m in Q3, up by 7m on the previous quarter

Spotify has published its financial results for Q3 2021

Here’s exactly what Spotify, Apple and other streaming services want to pay songwriters from 2023 onwards.

MBW rifles through the filings of Big Tech to see what the likes of Google and Spotify are proposing

Primary Wave buys stake in Luther Vandross publishing and master recording income stream as part of $40m deal (report)

Vandross has sold over 40 million records worldwide

Splice and SoundCloud join forces to launch artist development program, Nova

Nova is open to unsigned Splice and SoundCloud creators

Lara Fox joins AEG Global Partnerships as Vice President

The AEG Global Partnerships team act as an internal agency for AEG and AEG Presents

Andrew Woloz promoted to Vice President, Streaming, at Concord

Woloz was formerly Senior Director, Streaming, at Concord