Music Business Roundup: Tidal Sued, YouTube Grows Revenues, & More

rolling-stones-1 Each week on Songwriter U, Songspace recaps the top stories in the world of music business. Here’s everything you need to know from the week ending on July 17th. Tidal Sued for $50 Million Bryan Williams from Cash Money Records has sued Tidal for hosting Free Weezy Album by Lil Wayne. Williams argues that Cash Money owns the exclusive rights to Wayne's music, though Tidal and Wayne reportedly have an agreement that gives the service exclusivity for the FWA album in exchange for a part in the company. Read More... YouTube Continues to Grow Despite reports earlier in the year stating that YouTube was not profitable, there is still a lot of hope for the video platform's future. From Google's second quarter reports released this week, YouTube's revenues are growing significantly - a reported 60% year over year. 2017's revenues are projected to be $17 billion. Read More... Bkstg Raises A Lot of Money A fan engagement platform has raised $20 million from investors including Live Nation and Scooter Braun Projects. The aim of Bkstg is to bring together all types of ways to engage fans such as merch, ticketing, video, and social media. Sign In to Keep Reading

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