Industry News Roundup // 02.02

[vc_row][vc_column][vc_column_text] Every week, we’re sharing the latest news and information for the music industry and technology worldwide.

Get your learn on and stay in the know with Symphonic’s Music Industry News Roundup!

Google Generated $90BN Last Year, 6 Times More Than The Global Music Business: Google had a huge year in 2016. The company’s parent Alphabet Inc. just posted mammoth annual revenues of $90.27bn for the 12 months to end of December, up 20% year-on-year and 24% at constant currency. That’s around six times the $15bn-$16bn the entire global recorded music business is expected to have generated in the same time period.

\\ Via Music Business Worldwide //

Breaking: Daft Punk Is Performing at the Grammys: Yes, you heard that right; Daft Punk will be performing at the 59th annual GRAMMY Awards.

Six-time GRAMMY winners Daft Punk will be performing at this year’s installment of the prestigious GRAMMY Awards, alongside two-time GRAMMY winner and current nominee The Weeknd. The two recently collaborated on “Starboy” and “I Feel It Coming,” the former of which was nominated for Best Video at the MTV Europe Music Awards (and ultimately, claimed the title).

\\ Via Noiseporn //

Google Creates $4 Million Fund to Fight Trump’s Anti-Immigration Efforts: Google has created a crisis fund that it hopes will raise $4 million for several organizations fighting for immigrant rights. The tech giant’s CEO told employees over the weekend that it will seed the fund — to benefit the American Civil Liberties Union, the Immigrant Legal Resource Center, the International Rescue Committee and the U.N. Refugee Agency — with $2 million. Employee donations will then be matched up to $2 million.

The campaign was disclosed in a memo from Google CEO Sundar Pichai, who also said at least 187 Google workers could be affected by Trump’s order. The company confirmed the contents of the memo with USA Today. In an official statement, Google said: “We’re concerned about the impact of this order and any proposals that could impose restrictions on Googlers and their families, or that could create barriers to bringing great talent to the U.S.”

\\ Via Billboard //

Vevo Now Boasts Almost 100M Active Users in the US Market:  Some 97 million Americans watched at least one music video on Vevo in October 2016, according to comScore’s first ever release of Video Metrix with YouTube mobile viewership included.

And that’s not the only intriguing stat to come out of the new research: apparently, 43% of all YouTube viewers in the US watched a Vevo video within the Google platform in the same period.

\\ Via Music Business Worldwide //

SXSW ‘Alarmed’ By President Trump’s Travel Ban : South By Southwest has come out strongly against President Trump’s executive order banning all refugees and citizens from numerous Muslim-majority countries from entering the United States.

The annual music/film/tech confab, which begins March 10 in Austin, said in a statement late Sunday that it stands against discrimination and is looking into how the travel ban could affect participants of this year’s event in Austin. The latest list of live performers currently does not include any artists traveling from the seven countries covered by the ban (Iraq, Iran, Libya, Somalia, Sudan, Syria and Yemen).

\\ Via Billboard //

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