Key Takeaways:

• Bruce Springsteen created headlines last week when he announced the sale of his entire music catalog to Sony Music Entertainment in a rumored $500 million deal.
• Many fans are now wondering, “Why did Bruce Springsteen sell his music rights?”

Why did Bruce Springsteen sell his music ownership to many people’s questions? Here’s a look at what might have prompted the creator of Born to Run to cash in on his catalog.

Money is probably the most critical factor in the New Jersey-born artist’s decision to sell his music IP. Few people would turn down a half-billion-dollar (or larger) paycheck, especially when the amount is said to be 30 times the 20-time Grammy winner’s annual royalty payments.

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Many other legacy artists, including Stevie Nicks, Paul Simon, Bob Dylan, Mötley Crüe, Madonna, and the Red Hot Chili Peppers, have exchanged all or a portion of their song rights for large one-time payments in 2020 and 2021.

Furthermore, the market for music IP appears to be heating up, with Sting and the David Bowie estate reportedly negotiating significant deals and multiple companies raising hundreds of millions of dollars to buy catalogs.

Another essential factor to consider when answering one of the music industry’s most frequently asked questions: Why did Bruce Springsteen sell his music ownership?

Cash, real estate, and other tangible assets are inherently easier to pass on to heirs than a complex basket of music IP, and this may have influenced the 72-year-old Springsteen’s decision to sell.

Finally, in response to the central question (Why did Bruce Springsteen sell his music rights? ), outlets such as Forbes have highlighted the tax benefits associated with the timing of the transaction.

In summary, the federal capital gains tax rate is currently 20%. (with a possible 3.8 % addition under the Affordable Care Act). However, the White House has proposed raising the rate to 43.4 percent for those earning more than $1 million.

Because of this and other potential tax-rate increases, as well as the fact that majesties are already taxed as “ordinary pay” at a comparatively substantial 37% federal rate, the deal appears to have provided several tax benefits.

Source: digitalmusicnews

Key Takeaways:

• Kim Kardashian is an open book, regardless of the subject!
• The 41-year-old reality star or makeup mogul was interviewed on the “Honestly with Bari Weiss” podcast, where she discussed her influence, her fight for social justice, her ex Kanye West, and a lot more.

Kim answered some burning questions in a lightning round at the end of the episode, including, “What’s your favorite Taylor Swift album?”

Many of her songs are favorites of mine. “They’re all adorable and catchy,” she said of the Grammy winner’s songs. “I’d have to check my phone for a name.”

Kim famously had a falling out with Taylor in 2016, when she shared footage on “Keeping Up With the Kardashians” that was recorded without the singer’s knowledge.

Though Taylor appeared to be okay with the song at the time of the recorded call, she later slammed the exchange, claiming Kanye wasn’t clear that he intended to refer to her as “that in the lyrics. Taylor stepped away from the spotlight for an extended period after the incident, and she later appeared to sing about it several times in songs on her Reputation album.

Kim had a more specific answer for her favorite Kanye album. “I like Yeezus because it feels like you’re there and in it, you know what I mean?” You can see everything from start to end. I also enjoy My Beautiful Dark Twisted Fantasy.”

Kim also stated that the only person who scares her is Kanye’s 8-year-old daughter, North, and referred to Sarah Jessica Parker as “the nicest celebrity on the planet.”

Kim seemed amused by the question of who her favorite “Saturday Night Live” cast member is.

“Wow, what a set-up!” “You know who it is,” she teased, referring to her current boyfriend, Pete Davidson. The couple has been dating for over a month and has been spotted together several times. They recently celebrated Pete’s birthday, and Kim surprised him with a surprise visit from Flavor Flav.

source: ET Canada

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Key Takeaways:

• TikTok began its report on some of the app’s Canadian emerging artists of the year, with bbno$ and RealestK topping the list.
• ElyOtto was named Canada’s most famous musician thanks to video creations for the hyper pop anthem “SugarCrash!”

“2021 has truly been a landmark year for Canadian artists and music on TikTok, with so many amazing music moments to celebrate,” says Adam Burchill, TikTok Canada’s Head of Music, in a statement issued to iPhone in Canada.

“Justin Bieber serenade us LIVE on Valentine’s Day, welcomed icons like Avril Lavigne and The Tragically Hip to the platform, catapulted emerging acts like JESSIA and Lilyisthatyou into the mainstream, and helped relaunch MuchMusic, one of Canada’s most influential pop culture brands.”

From discovering new artists to rediscovering old favorites, our global community of one billion people and the music industry at large have taken notice of the richness and diversity of talent Canada has to offer. There’s no denying that music begins and ends on TikTok.”

“Following the footsteps of artists like The Kid LAROI, Tai Verdes, and Tate McRae who made TikTok’s index of Emerging Artists in 2020 also had banner years in 2021,” TikTok explains. “Canadians bbno$ and RealestK used TikTok to raise their profiles in a big way this year and are only two of the twenty.”

The song also ranked fourth on TikTok’s top global tracks and made the complete ten Top US Pop Tracks list.

Most of these songs were released between the early and mid-2000s and featured artists ranging from Destiny’s Child to Reba McEntire. According to TikTok’s music report, these tracks were frequently used on the app to show nostalgia, whether to celebrate a graduation or pay tribute to a late loved one.

The result of TikTok’s “global” top songs of 2021 is a mix of new and established artists. TikTok has proven to be more than capable of fostering music’s next big stars over the past two years, with several of their songs making it into the top 20 of the year. Masked Wolf’s viral hit “Astronaut in the Ocean” takes the top spot, followed by “Beggin'” by Mneskin, a breakout rock band.

Source: iphoneincanada News

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Key Takeaways:

• In March, Shamir, Alex the Astronaut, and other artists will perform at the in-person festival.
• Due to the COVID-19 pandemic, the festival was held virtually in 2020 and 2021.

The 36th Annual SXSW Music Festival has announced the second round of showcasing artists, including Black Lips, KT Tunstall, Angélica Garcia, Desire, Shamir, Alex the Astronaut, The Dream Syndicate, Charlie Hickey, and many more.

It will return live and in-person March 14-20, 2022, at dozens of venues throughout Austin, Texas.

The new lineup, which follows an initial lineup released in October, features a typically diverse mix of American and international artists from Argentina (Isla De Caras), Japan (4s4ki), Turkey (Affet Robot), Scotland (Joesef), Ireland (Just Mustard), Australia (Phebe Starr), Brazil (Tuyo), France (The Blind Suns), and China (Sophia Shen).

Italians Do It Better, Luminelle Recordings, Gorilla Vs. Bear, Domino Recording Company, Qobuz, City Slang, Bushwig, Initiative Musik, POP Montreal, M for Montreal, Sounds from Spain, Traffic Music.

Devil In The Woods, Atomic Music Group, Music from Ireland, End of the Trail Creative, Fierce Panda Records, LICKS Magazine, The Color Agent, Exploding in Sound. Care Free Black Girl, Chicken Ranch Records, and Modern Sky join the previously announced showcase present.

Subscribing to the festival’s official Apple Music, Spotify, and YouTube Music Video playlists will allow you to hear all of the showcasing artists at SXSW 2022. In addition, the full schedule of programming, which will enable festivalgoers to create their plan, can be found here.

All of the artists announced in the second round are listed below. Additional artists will be announced later; the list is subject to change.

• Alex The Astronaut
• Allegra 
• Altameda
• Clarissa Connelly
• Clementine & Valentine
• Club Intl
• Daniel Casimir
• Enamorados 
• Enrique Campos 
• Eric Tessmer
• Gamma Vibes
• George O’Hanlon
• George Riley

Source: Billboard

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Key Takeaways:

• Do you want to know what the best-selling album of 2021 will be? 
• This year saw the release of albums by a slew of music titans dropped; here’s a look at the numbers.

According to Billboard, Adele’s 30 sold 839,000 album-equivalent units in its first week. That debut Beat Drake’s Certified Lover Boy, which sold 613,000 albums in September. Taylor Swift’s re-release of Red (Taylor’s Version) has relegated to third place in 2021, with 605,000 album units.

Thirty also sold 692,000 actual album copies, edging out Taylor Swift as the queen of merch.

Surprisingly, Adele’s album sales were primarily on CD, leaving Taylor Swift the reigning vinyl queen. Thirty sold 378,000 CDs and 108,000 vinyl copies, with 205,000 digital album copies sold. The first-week album sales are impressive, but what will be the best-selling album in 2021?

According to Hits Daily Double, Morgan Wallen’s Dangerous: The Double Album is expected to be the best-selling album in 2021, with 3.2 million albums worldwide.

Dangerous: The Double Album has currently sold 2.8 million units worldwide. However, Adele’s 30 is poised for a slew of Black Friday deals and Christmas stocking stuffers.

As of November 2021, the best-selling album in 2021.

1. Morgan Wallen | Dangerous: The Double Album – 2,820,000 sales
2. Olivia Rodrigo | Sour – 2,448,000 sales
3. Drake | Certified Lover Boy – 1,516,000 sales
4. Pop Smoke | Shoot for the Stars Aim for the Moon – 1,349,000 sales
5. Justin Bieber | Justice – 1,306,000 sales
6. The Kid Laroi | F*ck Love – 1,288,000 sales
7. Dua Lipa | Future Nostalgia – 1,246,000 sales
8. Doja Cat | Planet Her – 1,179,000 sales
9. The Weeknd | After Hours – 1,175,000 sales

Source: Digitalmusicnews

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Key Takeaways:

• Christina Martin collaborated with a consulting firm to make her music available to everyone.
• When you play Christina Martin’s latest music video, you’ll notice an unfamiliar voice.

Before the music begins, an audio description describes Martin’s wavy blond hair, black dress, and a shadowy setting in a historic house for the visually impaired.

Martin’s move is one way she is working to make her music, website, and live shows more accessible, including one planned for Saturday afternoon at the Presbyterian Church of Saint David in Halifax. “I’m reaching out to a new audience with my art, making a connection, which I believe is a goal for many artists.”

The Saint David’s performance will be wheelchair accessible, with ASL interpreters and live audio descriptions of the stage and surroundings. Those with visual impairments or anyone in need of assistance will receive guided assistance to their seats.

Martin said the performance would be “relaxed,” which means it won’t be too bright, dark, or loud to avoid sensory overload. So, for example, if people aren’t comfortable sitting still for an hour, they can walk around during the performance. “That was very upsetting for me, and I can only imagine how upsetting it was for them,” Martin said.

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Martin said that she received a provincial grant that enabled her to work with the New Brunswick-based consulting firm Sensory Friendly Solutions in her quest to learn more.

Martin worked with Kat Germain, an artist and disability advocate, who provided audio commentary for the Stay With Me video. Blindly Milena Khazanavicius, blind, provided feedback on Germain’s writing and co-host the Saint David’s show with Martin and her guide dog, Louis.

Hazanavicius stated that she has never seen another music video with an audio description aside from Stay with Me. It made a big difference because she was picturing something “completely different” than what was filmed.

She and Martin intend to discuss accessibility in music and the barriers that remain broken down on Saturday’s show. “It’s something I cherish because when I go out, I don’t want that barrier on the street, and I certainly don’t want a barrier when I’m supposed to relax and unwind,” Khazanavicius said.

Source: CBC News

Key Takeaways:

• On February 25, he will be at North Bay’s Capitol Centre, and on February 26, he will be at Huntsville’s Legacy Hall Deerhurst.
• In addition, the multi-Platinum, award-winning artist Johnny Reid has announced his 2022 Canadian tour, Love Someone: An Intimate Evening with Johnny Reid.

He will be at North Bay’s Capitol Centre on February 25 and Huntsville’s Legacy Hall Deerhurst on February 26.

When all tour dates are announced, the national tour will be one of the longest-running artist tours in Canadian history, with over one hundred shows. “Boasting a stripped-down set and stops in smaller communities that rarely get to see an artist of Reid’s calibre during a National tour,” according to a news release, “Reid is making it his mission to connect directly with fans across the country.”

Read Also: The rainstorm is expected to hit eastern Nova Scotia and Cape Breton

Reid’s 11th studio album, Love Someone, was released on October 15 by Universal Music Canada.

“A return to his country sources, the album represents his most inspired collection of songs to date,” according to the press release. “In addition to the album’s inherent intimacy, the tour will provide fans with a rare opportunity to hear Reid live in a highly intimate and personal setting, as opposed to the major market venues and colossal crowds he typically draws.”

Reid has performed in front of over 1 million people over the last ten years.

His illustrious career has earned him 26 Canadian Country Music Awards, 6 JUNO Awards, and multiple sold-out national arena tours, with 1.5 million albums sold. Reid has also been honored with the Slaight Music Humanitarian Award and the SOCAN National Achievement Award.

“The pandemic taught me a lot about the importance of time.” As a result, I’ve given considerable thought to how and where I want to spend my time. I’m very excited to take this tour to as many locations as possible. “I can’t wait to reconnect with everyone who has supported me over the years in a more intimate concert setting,” Reid said.

Source: Bay today

Key Takeaways:

• Aimi, an AI-powered music platform, has completed a $20 million Series B funding round led by Concord stakeholder Great Mountain Partners.
• The two-year-old startup unveiled the multimillion-dollar raise this morning, which uses AI and artist-crafted beats to create music based on users’ preferences.

As previously stated, Great Mountain Partners led the $20 million Series B round, with additional investment from the Founders Fund of San Francisco, which has also funded Spotify, SpaceX, and Airbnb. According to the release, Austin-based Aimi became available for download via the App Store in late May 2020.

Intends to use the newest capital infusion to roll out an updated operating system, enhanced desktop tools for artists and producers, a new mobile app, and other “offerings.”

Furthermore, Aimi noted in the announcement message that “experiences” from Max Cooper, DJ Boring, Roska, and Shanti Celeste have debuted “in recent weeks.” On this front, Aimi+, the startup’s “premium service,” is appropriately poised to “shift to a paid model, using blockchain technology also smart contracts to manage authorities and revenue to all artists utilizing the platform,” execs said.

It will be interesting to see how Aimi attracts creators, especially given streaming services’ low per-stream royalty rates and ever-growing media libraries.

Similarly, the increasing number of songs, podcasts, and other audio-entertainment options available on major streaming platforms may cause people to explore more personal listening experiences in the long run. That said, music-streaming giants, including Spotify, are spending on artificial intelligence to the dismay of activists and fans.

Daniel Ek, the CEO of the Stockholm-based company, has invested $115 million in Helsing, an AI-powered defense company. In addition, Audioshake, an artificial-intelligence music-separation company, raised $2 million last month due to AI’s growing importance in the broader music industry.

Snafu Records, an AI-focused record label, raised $6 million in September from supporters including Agnetha Faltskog of ABBA.

Source: Digital Music News

Get nova scotia and Canada’s top News, Latest News, and other News of the world only at the most trustable news website of Canada Novascotiajournal.com

Key Takeaways:

• This week, Canada reached a significant milestone in terms of music consumption.
• Pop, Rock, Rap, Country, and Alternative Rock saw the most significant volume gains over the last five years, helping Canada hit the 2 billion weekly audio streams milestone.

Canadians streamed more than 1.9 billion audio streams in a 1 week for the first time. MRC Data, the complete global provider of data and analytics to the entertainment and music industries, published the figure this week.

“We are pleased to share that Canada has quickly achieved another major milestone with 2 billion weekly audio streams,” said Rob Jonas, CEO of P-MRC Data. “We anticipate seeing more record weeks in the future, with the Canadian audio streaming industry rising over 12% year over year from 2020.”

“For Canada’s music market, two billion on-demand audio streams in a week is a big accomplishment,” said Patrick Rogers, CEO of Music Canada. “Streams from licensed services such as Spotify, Apple Music, Amazon, and TIDAL are included in this total.” These services give music consumers on-demand access to more than 70 million licensed songs, allowing them to listen to and consume more music than ever before.”

“MRC Data’s 2 billion data point isn’t just a figure. It’s a metric that demonstrates how much music means to Canadians, “Rogers continued. “This new standard also illustrates the recorded music industry’s amazing expansion over the last decade. As well, these streams come from licensed, on-demand music providers, implying that the song’s authors were compensated.”

“It’s vital to note that the amount of 2 billion isn’t an annual statistic. It’s not a monthly figure. In a single week, there are 2 billion streams, “Rogers added.

Music Canada is a non-profit trade association representing Sony Music Entertainment Canada, Universal Music Canada, and Warner Music Canada, the three major record labels in Canada. Music Canada collaborates with some of the most well-known independent record labels and distributors, recording studios, live music venues, concert promoters, managers, and artists to promote and expand the music cluster.

MRC Data is the world’s most comprehensive data and analytics service for the entertainment and music industries and consumers.

MRC Data is a digital service provider (DSP), label, airplay, and music merchant founded in 2019 after the acquisition of Nielsen’s music data analytics division. The Billboard charts, the industry’s most comprehensive and well-respected collection of charts across all music genres, are powered by MRC Data’s data.

Music Connect, BDSradio, and Music360 are MRC Data products that together capture and provide the most comprehensive dataset on music sales, performance, artist activity, and consumer involvement.

Source: Finance. yahoo

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Key Takeaways:

• In early 2022, awards in both categories will be announced.
• TD Songwriter Awards for Indigenous Peoples

The SOCAN Foundation is happy to announce the addition of ten new cash prizes to the TD Indigenous Songwriters Awards and the SiriusXM Black Canadian Music Awards, providing additional opportunities for outstanding music creators to benefit from the awards.

In addition to the current prizes of $10,000 for the Indigenous Songwriter Awards and $5,000 for the Black Canadian Music Awards, each Award category will receive five $1,000 honorable mentions.

“We want to celebrate high potential artists through our awards by offering these honorable mentions, in addition to our regular suite of awards,” said Charlie Wall-Andrews, Executive Director of the SOCAN Foundation. “Our Awards have had an invaluable impact on artists in our industry, and as the pandemic has caused additional challenges for them.

The Indigenous Songwriter Awards are a collaboration between the SOCAN Foundation and TD Bank. Its goal is to recognize also honor the exceptional work of First Nations musicians. The SOCAN Foundation appoints a panel of prominent songwriters to judge the works submitted to the competition. The judges will give priority to works of exceptional quality, and the jury’s choices are final.

Read Also: The SOCAN Foundation is increasing its cash awards

The competition’s winner will get a $10,000 cash reward

The competition is open to all songwriters of Indigenous culture, regardless of age. A Canadian who is a member (registered or non-registered) of a First Nation, Métis, or Inuit is considered Indigenous. A status card, membership card in an Aboriginal body, or a letter of reference establishing Aboriginal status can all be used to prove participation in a recognized community or organization.

SiriusXM presents the SiriusXM Black Canadian Music Awards. SiriusXM Canada and the SOCAN Foundation have teamed up to create the Black Canadian Music Award. Its goal is to recognize also honor the exceptional work of Black Canadian musicians.

This talent competition is available to musicians of various classes, including folk, blues, rock, hip-hop, R&B, and more. The creator of the art must identify as Black and be a Canadian citizen to be eligible. When it comes to a collective or band, each member must meet the competition’s eligibility requirements.

source: newswire