Musosoup’s Industry Noodles: 29th April
Welcome to Musosoup’s Industry Noodles, where we serve up the juiciest music industry news for emerging artists! Grab your chopsticks and let’s dive into this week’s highlights.
Gotobeat’s AI-Driven Concert Promotion
Gotobeat is pioneering a new era in concert promotion by harnessing the power of artificial intelligence. Their platform aims to analyze vast amounts of data to predict which artists are likely to draw in big crowds, and in turn, help promoters book gigs with confidence. This could be a significant boon for emerging artists, as it levels the playing field, allowing them to be discovered based on their potential rather than their past performance history.
Fans First Act Gains Massive Artist Support
The Fans First Act is gaining momentum with substantial support from artists. This bill seeks to address the long-standing issues of transparency and fairness in ticketing for live events. If passed, it could dismantle monopolistic practices and reduce scalping, ensuring that fans pay fair prices and artists perform to full houses. Emerging artists, in particular, stand to benefit as it could lead to more accessible and affordable live performance opportunities.
Warner Chappell & ReverbNation’s Publishing JV
The collaboration between Warner Chappell Music and ReverbNation is a strategic move to create a publishing joint venture that offers emerging artists access to professional publishing services. This partnership is designed to uncover and nurture new talent by providing them with the tools and support needed to succeed in the competitive music publishing landscape.
Up Next: A Launchpad for Emerging Talent
Up Next is a new platform dedicated to supporting emerging artists by offering a range of digital content services. This includes everything from producing high-quality video sessions to facilitating live events that showcase new talent. The platform’s goal is to help artists build their digital presence and connect with fans and industry professionals alike.
The Financial Struggle of Touring Bands
The Guardian’s report highlights the financial difficulties that many bands face while touring. Unlike major acts that can command high ticket prices and merchandise sales, smaller bands often struggle to break even. The article discusses the hidden costs of touring and emphasizes the need for more support and better revenue-sharing models to sustain the careers of touring musicians.
PPL Momentum Music Fund Offers Lifeline
The PPL Momentum Music Fund is a crucial initiative by the PRS Foundation, offering financial grants to artists at a pivotal stage in their careers. These grants can be used for various purposes, including recording new music, funding tours, or marketing campaigns. For emerging artists, this fund can make the difference between a project coming to fruition or being shelved due to financial constraints.
That’s a wrap for this week’s edition of Musosoup’s Industry Noodles. We’ll be back next week for more insights and opportunities that can help you carve your path in the music industry.
