LABELS & PUBLISHERSKobalt’s AWAL label services business says that hundreds of the artists using its platform now generate more than $100,000 a year in annual streaming revenue, with dozens making over a million per year.
Further proof that the current streaming music business model does work for some artists, even though many music-makers still see nominal returns.One Media IP says it has conditionally raised £6.04 million by issuing a load of new shares.
The cash will be used to acquire more intellectual property assets, in particular via Harmony iP, an initiative that seeks to acquire copyrights and royalty shares by offering creators lump sum payments, especially in music.
Read more on completemusicupdate.com
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