Dylan Smith

Hyde Street Studios In San Francisco In Danger of Going Under

May 4, 2020

(photo: John Hult) San Francisco’s famed Hyde Street Studios is in danger of going under due to the economic strain of the coronavirus (COVID-19) crisis, and its owner has started a GoFundMe campaign in a des... Read More...

Akazoo Fires Its CEO as Stock Trading Suspended — Doubt Cast Upon Previous Years’ Financial Reports

Dylan Smith

May 1, 2020

(photo: Andreas Klassen) About one week back, Digital Music News was first to report on Quintessential Capital Management’s damning analysis of music-streaming service Akazoo, which claimed, among other thing... Read More...

MusiCares’ $14 Million COVID-19 Relief Fund Has Been Depleted

Dylan Smith

May 1, 2020

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Photo Credit: MusiCares The Recording Academy and MusiCares’ $14 million COVID-19 Relief Fund has been depleted, and the organizations have temporarily ceased accepting new applications for financial support.... Read More...

84% of Freelance Musicians Still Haven’t Received Government Relief

Dylan Smith

May 1, 2020

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(photo: Tom Pottiger) The Freelancers Union has revealed that 84 percent of freelancers who’ve requested government aid amid the coronavirus (COVID-19) pandemic are still waiting on payments. The New York Ci... Read More...

Apple Music, Other Services Top $13.3 Billion In Quarterly Revenue

Dylan Smith

May 1, 2020

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Apple earned a staggering $58.3 billion during the second quarter of its 2020 fiscal year, $13.3 billion of which derived from Apple Music and other services. The Cupertino-based company revealed its second-... Read More...

Spotify Now Has 200 Million Monthly Active Users

Spotify Faces Litigation for Allegedly Stealing Trade Secrets

Dylan Smith

May 1, 2020

Spotify is being sued for allegedly stealing proprietary audio-ad creation tools from a Canadian company called VoxTonePRO. The Mujae Group, which operates as VoxTonePRO, submitted its complaint to a federal... Read More...

Live Nation, Ticketmaster Face Class Action Litigation Over Monopolistic Abuse

Dylan Smith

April 30, 2020

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Disgruntled customers have filed a new class-action lawsuit against Live Nation and Ticketmaster over the companies' alleged monopolistic business practices within the live event industry. Olivia Van Idersti... Read More...

Recording Academy Hosted Grammy Ratings Hit Another Near-Low, Down 24% from 2017

Recording Academy Names ‘Chief Diversity Officer’ In Wake of Ugly Grammys Fallout

Dylan Smith

April 30, 2020

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On the heels of a very public and controversial battle with former CEO Deborah Dugan, the Recording Academy has appointed Valeisha Butterfield Jones as its chief diversity and inclusion officer. The Recordin... Read More...

Eventbrite Defeats Investor Lawsuit Over False Representations

Dylan Smith

April 30, 2020

A federal judge has dismissed the class-action lawsuit filed against event-management and ticketing company Eventbrite, which investors claimed made deceiving statements ahead of its initial public offering (... Read More...

Seattle’s Iconic Bop Street Records Is Going Out of Business

Dylan Smith

April 30, 2020

Photo Credit: Unsplash Seattle's iconic Bop Street Records is permanently closing its retail store as a result of economic strains stemming from the novel coronavirus crisis. Bop Street founder and owner Dav... Read More...

Federal Judge Dismisses Class-Action Lawsuit Against Ticketmaster

Ticketmaster Furloughs Hundreds of Staffers After Issuing Millions In Refunds

Dylan Smith

April 29, 2020

Ticketmaster has furloughed hundreds of staffers as part of a broader plan to cut $500 million in expenses amid the coronavirus (COVID-19) pandemic. The impacted employees represent approximately one-quarter... Read More...

YouTube Quarterly Revenue Surges 33%, Past $4 Billion In Q1

Dylan Smith

April 29, 2020

YouTube earned over $4 billion during the first quarter of 2020, according to a newly published financial report from parent company Alphabet, Inc. The impressive revenue benchmark – which totals about $4.03... Read More...

Author Dylan Smith