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Streaming music startup Bloom.fm shuts down after investor pulls out

Streaming music startup Bloom.fm shuts down after investor pulls out | Music | Scoop.it

App had more than 1.1m registered users in the UK alone, but blames licensing issues for closure. By Stuart Dredge


Via Norbert Schiegl
SndChaser's insight:

This just goes to show that the music industry is making it difficult for startups to succeed: margins too thin, investors leery, and licenses too steep. Add to that tech companies like Apple being able to block advertising "competing services" and you have a very high barrier to entry.

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Johnny's curator insight, May 1, 12:20 PM

What a shame, starting a business is hard but they should have thought ahead.

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Rescooped by SndChaser from Musicbiz
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How many artists know what their label is being paid by streaming services?

How many artists know what their label is being paid by streaming services? | Music | Scoop.it

One of the highlights of this year’s Great Escape conference was some new research into artists’ attitudes towards streaming music ...


Via Norbert Schiegl
SndChaser's insight:

50%?  Artists create the music - they should be getting 80% or more. Again this industry is totally out of whack.

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Rescooped by SndChaser from Musicbiz
Scoop.it!

Streaming music startup Bloom.fm shuts down after investor pulls out

Streaming music startup Bloom.fm shuts down after investor pulls out | Music | Scoop.it

App had more than 1.1m registered users in the UK alone, but blames licensing issues for closure. By Stuart Dredge


Via Norbert Schiegl
SndChaser's insight:

This just goes to show that the music industry is making it difficult for startups to succeed: margins too thin, investors leery, and licenses too steep. Add to that tech companies like Apple being able to block advertising "competing services" and you have a very high barrier to entry.

more...
Johnny's curator insight, May 1, 12:20 PM

What a shame, starting a business is hard but they should have thought ahead.