Weekly Music Biz & Tech News

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Happy Friday, Vibe Fam!

We have so much we will be sharing with you soon about Vibe I’m getting excited just mentioning it! Until then, I guess we can jump into industry news…..

News:

Any indie artists out there? Ya'll better hit him up and get your money! 🤑

Downtown Music just secured a bag $500 million to support independent artists and labels! That's right, they've partnered with Bank of America to offer advances in exchange for a share of future royalties.

What does this mean for artists?

• Funding opportunities: Get the financial boost you need to take your music career to the next level.

• Retain ownership and control: Downtown's model allows you to keep the rights to your music while accessing the resources you need.

• Industry-leading support: Benefit from Downtown's extensive network and expertise in distribution, marketing, and more.

Downtown's commitment to independent music is clear. This massive investment signals a major shift in the industry, empowering artists and creators like never before.

AI-Powered Playlists? Amazon Music Joins the Party with Maestro!

Amazon Music is entering the AI playlist game with its new beta feature, Maestro. Using voice or text prompts (and even emojis!), you can now create personalized playlists that match your mood, activity, or even your wildest musical fantasies.

Here's what it does:

• Creative control: Use emojis, describe your emotions, or reference specific sounds to generate unique playlists.

• Instant or saved playlists: Subscribers can listen immediately, while free users can preview and save playlists for later.

• Expanding access: Currently in beta for select US users, Maestro will roll out to more listeners over time.

This innovative feature adds another layer of personalization to the music streaming experience. Get ready to discover new tunes and rediscover old favorites, all thanks to the power of AI.

💦💦Mogul Makes it rain💦💦 💰💰💰

New music fintech platform Mogul is making waves! Since its launch in February 2024, the company has already monitored a staggering $100 million in royalty flows for its users.

Mogul's innovative platform empowers music creators and rightsholders by:

• Providing real-time royalty tracking and analytics.

• Offering financial tools and resources.

• Connecting users with industry professionals and opportunities.

This impressive milestone demonstrates the growing demand for transparency and control in the music industry. Mogul is quickly becoming a go-to solution for creators looking to manage their finances and maximize their earning potential.

Stay tuned to see what Mogul accomplishes next! 

Want to be featured as artist of the week?

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That's a wrap for this week! I hope you all have an amazing weekend with lots of rest and relaxation and as always...

Keep Vibin’

Gabriel

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