Transcript / Notes:
In today’s episode we talk about new features from Facebook, fee-free days on Bandcamp, a new video streaming service launched by Tidal and more!
This is Fast Music News.
In a show of support for the independent music community during the Corvid-19 pandemic.On March 20th, online music company, Bandcamp waived their fees. 100% of revenue went directly to artists and labels. The company reported that consumers spent 15x more than normal that Friday. Now, they have announced three additional fee-free days.
On Fridays May 1st, June 5th, and July 3rd Bandcamp will not be taking any fees from artist sales on the platform.
Facebook have announced a suite of new live streaming features in order to compete with apps like Houseparty and Zoom. They have also revealed plans to allow creators to charge for access to events with live videos on Facebook. This could become an interesting new revenue stream as artists could charge for access to virtual concerts. That’s not the only way creators will be able to monetize their live streams either. Facebook are expanding their virtual gifts called stars. Fans can buy ‘stars’ which they can gift to their favorite creators. Artists earn 1 cent for each Star received.
World famous record store, Amoeba Music Hollywood have sadly announced that they will not be returning to Sunset Boulevard following the CoronaVirus pandemic. They do however hope to open a new Hollywood location in the Autumn.
Social media platform TikTok have launched a new donation sticker feature which will allow creators to raise money for charity via their videos. UK charity ‘Help Musicians’ has been named one of the first beneficiaries. TikTok will be matching user donations for the first month.
Samsung are bringing Apple Music to their smart TVs with a new app. Other music streaming services such as Spotify, Deezer and Tidal already have Samsung TV apps.
Tidal have announced a new free video streaming service called ‘Tidal Access’. The free membership will give users access to curated channels that feature original content from the Tidal catalog in addition to select on-demand content.
Free users will be able to choose between four channels of content but will not be able to skip content.
This has been your Fast Music News update.
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