It looks like Apple has roped the biggest label into its very big ‘iRadio’ service. The Financial Times says the deal is inked with Universal Music Group, which leaves Sony Music Entertainment and Warner Music Group next. Initially, Apple approached the ‘big three’ with a deeply-discounted proposal; the Times was unsure of the ultimate negotiated rate.
That trophy on the shelf is about to get much, much lighter. That’s because the RIAA has now decided to radically alter its formula for calculating Gold and Platinum certifications by incorporating streams. Specifically, 100 streams will equal one paid download or sale, according a freshly-jiggered formula that drastically alters the amount of revenue associated with an award. The trade group confirmed that this affects singles only, with a long list of retroactive awards now being issued.
In the realm of actual money, Chromatik has just roped a sound $5.7 million in an ongoing Series A. Pando Daily points to Rustic Canyon Partners as the lead, with participation from Baroda Ventures, 500 Startups, and even Will Smith. Chromatik is a digital sheet music solution that aims to move beyond PDFs and earlier-generation solutions.
And, which advertisers are topping the latest hall of shame list? University Of Georgia Music Business Program professor David Lowery has just released preliminary findings that find the likes of Country Financial, AT&T, Coca-Cola, State Farm and even the New York Times as the worst offenders.
Elsewhere, it looks like Slacker‘s spruce-up is having some positive results. The company has added more than 100,000 new paid subscribers since its February relaunch, according to stats shared. None of this even shows up in Pandora‘s rearview mirror, though Slacker now says it’s “gross margin positive” on every listener, ad-supported or paid.
This thing goes way beyond files: the Pirate Bay is now hosting some extremely controversial instructions for 3D printing a firearm, with no plans to remove them. These files were initially ripped down from DEFCAD, which hosted the plans but agreed to remove them at the behest of the US State Department. “TPB has for close to 10 years been operating without taking down one single torrent due to pressure from the outside. And it will never start doing that,” the Bay told TorrentFreak.
Transparency: will you ever be mine? Introducing the Kobalt Portal, which aims to deliver artists realtime transparency while improving tracking and revenue collections. YouTube is a big part of the Portal, which launches this month: clients will not only be able to track income streams, but also easily view the video in which their music is being used Outside of that, the portal will also span synch uses across advertising, TV, film trailers, games, and all wonder of other media.
And, big congrats to Jason Judy, just tapped by Fame House as Chief Operating Officer. Judy was previously digital product manager for Dave Matthews Band and Musictoday.