One of Tomorrowland’s key stage design associates, Neverland Themepark Projects, has declared bankruptcy.
The company, which was founded in 1997, had been working with Tomorrowland since the EDM event was launched in 2005. Last week, however, it was reported that the company would no longer be providing its services to the festival or any other events.
Paul van Dyk has been awarded over $12 million dollars following a near-fatal fall at A State Of Trance festival in February 2016.
During a performance at Armin van Buuren’s A State of Trance festival in Utrecht on 27th February 2016, the trance legend fell from the stage, suffering a severe brain injury and damage to his spine.
Yesterday Spotify announced a new feature that allows artists to upload music and releases directly to the streaming platform for free, without a label or third-party distributor. The new feature is accessed via Spotify for Aritsts, a platform within the streaming service that lets users access analytics for their plays, as well as get advice on how to grow their audience, access support and submit music to Spotify’s playlist editors.
Artists only received 12% of the revenue generated in the music industry in the United States in 2017 according to a new report by Citigroup.
The report, Putting The Band Back Together, which was carried out by a group of Citigroup researchers and analysts, shows that roughly $5 billion of a total $43 billion generated in the United States’ industry went to artists. Most of the money instead went to distributors like radio stations, tech companies, Internet sources like Apple, Pandora, Sirius, and Spotify, as well as to record labels.
Forbes have shared their list of the World’s Highest-Paid DJs for 2018 with Scottish superstar Calvin Harris coming out on top once again.
Harris retains the top spot on the respected business magazine’s annual list for the sixth year in a row with estimated annual earnings of $48 million.
Dutch legend Tiesto has been knocked from second to third place year with his earnings of $33 million being trumped by U.S. EDM duo The Chainsmokers whopping $45.5 million.
Spotify has reported net losses for the second quarter of 2018 which double those from the same period in 2017.
Compared to losses of €188 million last year, this year’s Q2 report shows losses of €394 million ($461 million) of higher finance expenses.
The streaming giant’s CFO Barry McCarthy cited Europe's General Data Protection Regulation (GDPR) as one cause for lags and losses in the company’s growth.
Streaming giant Spotify entered the New York Stock Exchange for the first time yesterday (3rd April).
Having gone public with its intention to enter the stock market at the start of March with an estimated value of $23 billion, the platform started trading yesterday at $165.90 a share in what was the largest ever direct listing into the Stock Exchange. Individual share costs eventually settled on $149.01, leaving the world’s largest music streaming service being valued at $26.5 billion.