Industry News Roundup // 10.27

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!


Scientists Challenge Everything We Thought About Music and Hearing Loss

A causal relationship between blaring music and hearing damage may not exist.

According to endless scientific research, prolonged exposure to loud noises leads to serious hearing damage. Studies performed on rodents suggest that loud noises could “permanently damage nerve and hair cells in the ear.” Audiologists are constantly warning people about festivals, earbuds, and blaring car stereos.

\\ Via Digital Music News //


There Are 15 Different Kinds of Musicians. Where Do You Fit In?

1. The Pure DIY 

Do-it-yourself (DIY) and totally direct-to-fan.  Not affiliated, this soloist or band is handling mostly everything themselves. Typically very early stage, with low levels of income but ample inspiration.  Early fans, and early signs of traction.

2. Unsigned DIY w/ a team

Still toughing it out and totally direct-to-fan, but with a team of believers.  This team is sometimes compensated, sometimes not.  But they’re always extremely passionate about growing their artist.  Sometimes they’re also writing material.  Actually, this ‘team’ could be a super-dedicated manager, building things from scratch.  It’s a beautiful thing.

\\ Via Digital Music News //


Virtual Reality Music Startup MelodyVR Raises $20M, Set to Expand in US

Virtual reality music startup MelodyVR has raised £15m ($20m) through its UK-based parent EVR Holdings.

\\ Via Music Business Worldwide //


Spotify is reportedly canceling its current slate of original TV shows

Spotify is pulling the plug on its original video efforts and heading back to the drawing board, according to a report today from Bloomberg. The company isn’t leaving video altogether; Spotify plans to reboot the initiative, marking just the latest shake-up in a meandering, and at times uncertain, gamble on original content. Current original video series won’t release new episodes, and unreleased shows currently in the works are being scrapped. Going forward, Spotify plans to work on crafting video formats that are unique to the music streaming service’s platform, Bloomberg reports.

\\ Via The Verge //


Spotify could be valued at $20 billion when it goes public and eventually hit $100 billion, study says

Spotify could be valued at $20 billion when it goes public and eventually be worth $100 billion, according to one investment bank.

 

\\ Via CNBC //

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