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Radio Edit | 6.2.2023

Radio Edit | 6.2.2023

a music industry newsletter

Radio Edit Team
June 02, 2023

The Radio Edit writing staff is traveling a bit this week so we thought it was perfect timing for a little experiment to see what the newsletter would read like if it was written by AI. Everything in the Top Stories and Other Stories sections has been written using ChatGPT with a version of the prompt “summarize this article [Link]”. Let us know if you think we should be worried about our job security.

Top Stories

Major Record Labels Rethink TikTok Signings As Viral Artist Phenomenon Cools Down

Major record labels are exercising caution when signing viral artists from TikTok due to a decline in their success rate. While TikTok has been a powerful platform for launching music careers, labels are witnessing a cooling-off trend where viral hits do not lead to long-term success. Artists often struggle to replicate their initial success, prompting labels to reconsider their signing strategies. The challenges lie in accurately predicting long-term success based on fleeting viral fame. Billboard

Justin Tranter and Facet Records Revolutionize Songwriter Compensation With “Master Points”

The article discusses Justin Tranter, a renowned songwriter, and their collaboration with Facet Records to introduce the concept of "Master Points." Under this system, songwriters earn a percentage of future revenue every time their song is released. This innovative approach aims to provide long-term financial stability and recognition to songwriters. Tranter's goal is to empower songwriters and ensure they receive fair compensation for their work, considering the significant impact they have on the success of a song. The article highlights how this new model could reshape the industry and address the longstanding issue of songwriter compensation. Billboard

Tidal Unveils Tidal Artist Home, a Comprehensive Profile Management Hub For Artists

Tidal, the music streaming platform, introduces Tidal Artist Home, a profile management hub designed to empower artists with greater control over their content and engage directly with fans. The platform allows artists to manage their discography, track performance metrics, and communicate with their audience through personalized messaging and exclusive content. Tidal Artist Home aims to provide artists with valuable insights and tools to enhance their presence on the platform and build a closer connection with their fanbase. This initiative showcases Tidal's commitment to supporting artists and offering them a comprehensive platform for managing their music careers. mbw

Other Stories

Signings

Cutting Edge Group secures an eight-figure deal with Jamie Hartman, a prominent pop songwriter and producer, to collaborate on future music projects. Jamie Hartman has written for various artists, including Rag'n'Bone Man, Lewis Capaldi, and Backstreet Boys

Streaming / Radio

Apple expands the availability of its classical music streaming app to Android users, allowing a wider audience to access its extensive classical music catalog

The UK music industry plans to improve music streaming metadata and pursue an IPO to benefit artists and rights holders

The appeal for the Radio Music License Committee (RMLC) to join ASCAP and BMI in the Single Rate Court proceeding has been denied, maintaining separate negotiations for licensing rates.

Live / Touring

Morgan Wallen's concerts generate significant revenue, as evidenced by his inclusion in Billboard's monthly Boxscore chart

Label

K-pop label JYP Entertainment expands its partnership with Republic Records to include its entire roster

Composer Nicholas Britell, known for his work on the "Succession" soundtrack, launches his own record label imprint, named "Imprint," in partnership with Secretly Distribution for music releases

Publishing

The planned sale of Rod Stewart's catalog to Hipgnosis Songs Fund has been called off due to disagreements over the valuation of the catalog; “This was not the right company”

Anti-Social Camp partners with NYC to offer songwriting sessions as part of their collaboration

Tech / Social Media

Over 100 CEOs and scientists, including Sam Altman, CEO of OpenAI, raise concerns about the potential risks of future AI systems and the possibility of existential threats they could pose.

Other

Gold Theory Artists, the management company under Turnstile, expands its roster by adding notable artists and aims to provide comprehensive artist management services

Employees of BTS's label face insider trading charges, leading to a hiatus in the trading of the company's shares

Efforts to promote diversity in the music industry through pledges and initiatives are found to be falling short of their intended goals, highlighting the ongoing challenges in achieving meaningful and lasting change

Jay-Z is owed unpaid royalties due to a failed cologne brand, resulting in a legal dispute

Appointments / Departures

Appointments

Robert Carlton becomes President of country music company Smack, leveraging his industry expertise to fuel the company's expansion

Ezekiel Lewis has been promoted to President of Epic Records

Departures

Rachel Wammack and Seaforth, artists signed to Sony Music Nashville, depart from the label

Featured Releases

Beach Fossils / Bunny (A) / Bayonet

Spotify | Apple Music | Amazon Music

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White Sun / En Busca (A) / Self