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LABEL WORX

Digital music services for independent record labels

Label Worx is the leading provider of services to independent record labels worldwide. We are the backbone of many of the industries leading brands, helping them to free up valuable time and resources that enables them to concentrate on what really matters, the Music!

 

Latest News

News from the industry, record labels, artists and Label Worx

The Green Room (August)

Our News   /   July 26th, 2018

The Green Room (August)

It's approaching that time of the month again and the August edition of The Green Room will be sent on the first Thursday of the month.

Warner Music Group sells it's Spotify Stake.

Industry News   /   August 8th, 2018

Warner Music Group sells it's Spotify Stake.

Warner Music Group has sold all of its shares in Spotify for more than half a billion dollars. Warner is allocating 25% of this money to its artists, but, unlike Sony, it's not ignoring unrecouped balances when it does so - meaning that a significant proportion of this cash will actually remain at WMG. Warner today (August 7) confirmed it was no longer a stakeholder in Spotify, which floated on the New York Stock Exchange on April 3. WMG CEO Steve Cooper (pictured) told investors on an earnings call that Warner realized $504m in proceeds from selling 100% of its Spotify stock in the quarter ending June 2018. 'I'm pleased to say that, in connection with the sale of our Spotify equity, an estimated $126 million will be credited to artist accounts on their June 30 royalty statements which are issued around the world in August and September,' said Cooper. That $126m equates to exactly a quarter of the $504m. MBW understands the $126m includes payments to Warner/ADA-distributed labels, but these make up a small proportion of the money. Warner, as previously announced, is only sharing Spotify proceeds with its partner labels when obligated to do so by individual contracts. MBW revealed earlier this year how Sony Music will be paying its artists and partner labels from its Spotify stock proceeds. In a surprise move, the Rob Stringer-led major will ignore unrecouped balances when it pays its acts a chunk of its windfall - via checks that are scheduled to arrive with performers by the end of August. Unlike Warner, Sony will also be sharing these Spotify share profits will all of its eligible partner labels. According to MBW's analysis, Warner was granted a 4% equity stake in Spotify as part of licensing deals first signed in 2008. Due to dilution of stock from additional investors, we estimate, Warner ended up with approximately 2% of Spotify by the time the company floated in April. Warner Music Group's total revenues grew 1.9% year-on-year at constant currency in its fiscal Q3 (calendar Q2), with a quarterly haul of $958m.Music Business Worldwide

Dirtybird announces line-up for The Birdhouse festival in Chicago.

Label News   /   August 7th, 2018

Dirtybird announces line-up for The Birdhouse festival in Chicago.

Dirtybird has revealed the line-up for its inaugural Chicago-based event, The Birdhouse Festival. The festival will combine classic American carnival nostalgia with Dirtybird's carefree and jumping sound system stylings for what is being described as 'a cotton-candy fueled outdoor ride.' Dirtybird regulars will be taking over the decks for this imaginative event, including Will Clarke, J. Phlip - who will join Chicago legend Gene Farris for a special b2b session - and Christian Martin who will join forces with his brother in arms, Ardalan. Chicago locals ZDS, Fancy Fux and Teknicoz will also join the festivities and attendees will be treated to a surprise set from another local Chicago legend as well. Dirtybird leader Claude VonStroke will headline the festival and plans to bring his 'juke and footwork inspired house vibes back to the midwest' following his memorable headline set at Detroit's Movement Festival in May. The event will also feature games, prizes, classic carnival grub, and of course, big electronic tunes that are bound to send off the summer with a bang.

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"We enjoy the convenience Royalty Worx offers, not only for us but also the consumer (DJ / Producer). They just click one button to get paid and don't need to send / generate a separate invoice."

Andrew Salsano - Nervous

Nervous

"Label Worx is the best promotion and label management system there is. Simple."

Pedro Delgardo - YinYang

YinYang

"Demo Worx has saved us a stack of time listening and getting back to artists! It also helps to cut out mass send outs of demos that won't be suited to our label – people actually take the time to fill in the form and the quality of demos we've seen since are of a higher quality!"

Rick Bridgman - Vicious

Vicious

"Royalty Worx is incredible, their online system is the backbone of what we do and their service is absolutely fantastic!"

Will Holland - Enhanced Music

Enhanced Music

"Here at Get Twisted we use Label Worx for a one stop shop for distribution & plugging. Label Worx is easy to navigate, making it quick to find updated feedback on future releases, as well as track current sales in real time."

Tough Love - Get Twisted

Get Twisted

"We have used Demo Worx from the day it was created by Label Worx and we are very happy with it. It's a very efficient tool that helps us listen to more than 100 demos/day. As usual, a top notch feature from the masterminds at Label Worx!"

Alex Christian - Ensis Records

Ensis Records

 

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