Distrokid Play Matchmaker, AWAL Acquired, Coachella Toast
What's up, everybody? It's Sweet Deat. And we're back with Episode Number 50. I just can't believe I've stuck with it this long, I'm kidding, I love this. And thanks for being here for a milestone episode.
Distrokid is trying to play matchmaker between artists and labels.
Basically what Distrokid is saying to labels and artists, this artist friendly service is meant to connect artists that are seeking label deals to labels who are seeking artists. It's really that simple. The idea here is to give artists power over labels, and so use this as a way to shop their product to maybe varying labels who might have varying interests for their matchmaking services. It is just charging a labels a small fee that will sort of help seal the deal, if you know what I mean. But really, if you're a startup artist and you're looking for a label, why are you doing that anyway, you should just be focusing on all of the hashtags and regular content and your art and being good, rather than just immediately seeking a label deal to give away all of your rights too, so that when your art just does become good. Maybe then they take everything and you get nothing, so maybe slow your roll a little bit on the whole thing.
Spotify is once again in the news this week, and it's pretty hilarious what they're doing now.
Get to know this patent everyone, identification of taste attributes from an audio signal. This is the generic patent that Spotify filed for back in 2018, and it was recently granted on January 12 as digital music news reported, the patent basically says that traditional methods of trying to figure out your algorithmic tastes are not good enough, so the current methods of figuring out what your age is, your play lists, even the genre and the age of the music that you listen to is all sort of put together in an algorithm, and then they kind of figure out more about you. Right, well, this new voice recommendation patent is gonna blow all that away, Spotify now says with the technology that they can recognize things like information, distress and rhythm from just the way you speak, so by being able to tell how angry you are or maybe how happy you are they might be able to recommend music that is best for you, depending on your mood, So have no fear, Big Brother Spotify is here for you for all of your needs and your emotional support through music… A little creepy, right?
So as you probably heard, Coachella is cancelled, and so is the country counterpart Stage Coach.
So this makes the third time in two years that this concert has been cancelled with all the latest news about Coronavirus spreading very quickly, and California immediately opening up in spite of all of this information, it seems like everybody's kind of on a different page, there's no information of this concert Becoming Digital or anything, so I think at this point, they're pretty much dead in the water when new dates are announced... You know, I got you right here.
So stay tuned. Sony Music is back in the news.
They have acquired AWAL from cobalt for 430 million, which really is like a drop in the bucket because they basically make a million dollars an hour from streaming anyway. This purchase is just another long list of major label purchases that is happening and consolidation within the industry right now, it just seems like the big guys are swallowing up the little guys right now, right, in all of these acquisitions of late... If you've been following the channel, it's kind of interesting, and I don't really know that it's good for the future of business because when all the major sort of companies hold all of the small companies underneath their wings, when one of those majors falls over a whole lot more falls with it, but last, that's what happens when Coronavirus happens, the little guys suffer more than the big guys, and you know, consolidation usually becomes a thing.
There are so many more news topics that I could talk about, but I gotta save some for next week, so let's get to the artist of the day! The musical artist is Crumlin, and that's spelled really weird. Their 2020 release, Mordecai has been on my stereo nonstop. It's an unbelievable record. The production is really cool and kind of lowfi and with the haunting sort of overarching OS and as in the vocals and the really cool guitar tones, this is made for one of my new favorite bands, so check them out. They are worth it.