We’ll be rounding up the top news from the music industry. Check out the biggest stories highlighted this week!
- Sony Music Launches Streaming Service in Japan
In partnership with Rhapsody International, Sony Music Entertainment Japan (SMEJ) has launched Mora Qualitas, the first high-resolution music streaming service in Japan. A monthly subscription will cost 1,980 Yen and is initially available for Windows and Macintosh desktop users.
“We are committed to accelerating the growth of streaming on a global scale by helping new services like Mora Qualitas launch quickly as well as enhancing existing services, “ said Brian Ringer, Executive VP and General Manager, Asia Pacific Region at Rhapsody.
Although the platform is a Sony Music product, SMEJ is run separately from New York-based Sony Music Entertainment. (Read More)
2) Indie Label Earnings Reached $6.9 Billion in 2017
A new report from Worldwide Independent Network says that independent labels generated $6.9 billion in sales in 2017, up from $6.2 billion the year prior. The report was created with data from over 660 independent music companies across 33 countries.
Based on the numbers, indies now represent 39.9 percent of the global recorded music market and the indie sector itself outpaced major labels and the overall music market in growth. (Read More)
3) Interscope Leads 2019 Grammy Nominations in Top Four Categories
Interscope has come out ahead in the four biggest Grammy categories, including album of the year, record of the year, song of the year and best new artist.
With eight nominations total, Interscope was recognized through the Black Panthersoundtrack, featuring Kendrick Lamar and SZA’s “All of the Stars,” and through the soundtrack for A Star Is Bornfeaturing songs by Lady Gaga and Bradley Cooper.
Other notable nominations include “The Middle,” performed by Zedd, Maren Morris and Grey, and “Boo’d Up” by Ella Mai. (Read More)
4) Amber Grimes Joins Capitol Music Group as SVP of Global Creative
Capitol Music Group has announced that Amber Grimes will be joining their team, taking on the newly-created role of SVP of Global Creative. She will report directly to Chairman & CEO Steve Barnett.
Her responsibilities will include leading the company’s Innovation Team and Ten3 content creation department, in addition to executing CMG’s streaming strategy. Previously, Grimes worked at Spotify as the Senior Manager of Urban Development and participated in campaigns for Paul McCartney and Logic. (Read More)
5) Andy Serrao and Jenny Reader Take Leadership Roles at Fearless Records
In time for its upcoming 25th anniversary, Fearless Records has appointed Jenny Reader as President/Chief Creative Officer and Andy Serrao as President/Chief Talent Officer.
“They have both been instrumental in the label’s ongoing success,” said founder Bob Becker in a statement. “With a stellar roster of artists, I look forward to Fearless having 2019 be the most successful year ever under their leadership.”
Previously, Reader was the VP of Marketing & Production Management at Fearless and has 16 years of music industry experience. Serrao was the VP of A&R at Fearless and has 15 years of experience in the music industry working with both major and independent labels. (Read More)