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Streaming panel calls for more innovation from DSPs and labels

Are the big music streaming services too similar to one another? And if so, how can they break out of that box to innovate and differentiate themselves?

A panel at Music Ally’s Sandbox Summit Global online conference yesterday, had some ideas. Angel Gambino, partner at venture development firm Prehype and until recently chief commercial officer at Napster, set the ball rolling.

“One of the things that I’m struck by from a consumer standpoint is that there isn’t so much differentiation between the streaming services from an experiential standpoint,” she said.

“One of the things that needs to happen is looking at not just expanding into other genres of programming – i.e. podcasts – but what can the DSPs and the wider ecosystem of startups, of people who are working in music/tech on a daily basis, what can we do from a product and service and experiential standpoint to help take playlisting and discovery to the next stage?”

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Should Spotify windfall lead majors to cancel unrecouped debts for legacy artists?

Musician Tom Gray of British band Gomez – currently firing up crowds on the 20th anniversary tour celebrating their ‘Bring It On’ album – has an idea for major labels about how to follow up their windfalls from Spotify’s public listing.

In short: he thinks they should cancel the unrecouped debts of the legacy artists whose music was part of the catalogues that ensured they got equity in Spotify before its launch 10 years ago.

Gray outlined his thoughts in a tweetstorm this week.

“The majors are all making huge profits from the sales of their Spotify shares and they say they will distribute monies to artists based on the number of streams they’ve had,” he wrote.

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Streaming now bigger than downloads for Universal Music

Universal Music Group has reached a new digital tipping point: in the third quarter of this year, streaming generated 51% of its recorded music business’ digital income, according to UMG’s latest financial results.

That means UMG has joined WMG, which reached a similar tipping point in its fiscal Q2 earlier this year. UMG’s revenues from streaming were up 33% year-on-year in the third quarter, compared to an 8% decline for download sales.

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Paul McCartney’s manager: majors mulling fairer digital deals

Major labels have been asking managers whether they should be striking “more equitable digital deals” via external consulting groups, according to veteran manager Scott Rodger, who handles Paul McCartney and Arcade Fire among other artists.

“You know, the major labels do this research, and I’m one of the guys they come to when they employ these consulting groups. You get asked: ‘Do you think we should be looking at doing more equitable digital deals?’,” he told Music Business Worldwide.