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Digital Economy

Soundcloud will introduce a fan-powered royalty model for independent artists

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2 years ago

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SoundCloud plans to introduce a fan-powered royalty system that will provide "a more equitable and transparent way for emerging and independent artists to earn money on SoundCloud," according to the Berlin-based music streaming platform.

Soundcloud described the system as "a new model of payouts that is driven directly by an artist's fan base. With this move, each listener's subscription or advertising revenue is distributed among the artists that they listen to, rather than their plays being p...

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Emmanuel is a Washington, DC-based freelance journalist, blogger and media consultant, specialising in the entertainment business and cultural trends. He was the US editor for British music industry trade publication Music Week. Previously, he was the editor of Impact, a magazine for the music publishing community (2007-2009), the global editor of US trade publication Billboard (2003-2006), and the editor in chief of Billboard’s sister publication Music & Media (1997-2003).

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Digital Economy

Federal judge clears Meta Platforms’ acquisition of Within Unlimited

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2 days ago

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February 4, 2023

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A federal judge ruled that Meta Platforms could proceed with its proposal to acquire virtual reality company Within Unlimited for $400 million.

The court's decision is seen as a setback for the Federal Trade Commission and its Chairwoman Lina Khan, who objected to the proposed merger and sued Meta last July to block the deal.

During the trial, which saw Meta CEO Mark Zuckerberg testify, the FTC argued that the combination of Meta and Within would hinder future competition in an undevelo...

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Digital Economy

Hyperreal promotes Scot Barbour and Tim Coleman; Sergi Sagas joins the board

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2 days ago

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February 4, 2023

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Scot Barbour has been named Chief Technology Officer and Tim Coleman has been appointed Vice President of Digital Humans at technology company Hyperreal, specialising in Web3 and metaverse projects.

In addition, Chief Innovation Officer Sergi Sagas has joined the company's Board of Directors. "The new executive role announcements further increase Hyperreal’s business and production capabilities," said the company in a statement.

Hyperreal's Scot Barbour

“In their new roles, Scot, Tim a...

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Digital Economy

BandLab Technologies acquires beats selling marketplace Airbit

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3 days ago

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February 3, 2023

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BandLab Technologies has acquired Airbit, the beat selling marketplace for producers and creators. Terms of the transaction were not disclosed.

BandLab said the acquisition "expands the audience for current Airbit producers to millions of new customers around the world" and will operate alongside BandLab’s full-service creator toolset, which includes the free, mobile-first cross-platform Digital Audio Workstation (DAW) and the AI musical idea generator SongStarter.

As part of the...

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