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News April 6, 2017

US revenue tips $1bn, Spotify’s lossless version, and more

US revenue tips $1bn, Spotify’s lossless version, and more

Here’s all the music industry news you need to know this morning.

US revenue tipped US$1.059 billion last year, up 4.3% on 2015, while distributions to songwriter, composer and publisher members were up 5.6% to $918 million – via MBW

SOCAN set to join forces with reproduction rights body SODRAC – via MBW

Warner Music Group Names Max Lousada CEO of Recorded Music – via Billboard

Contemporary Music Roundtable Early Birds Now Available – via Music Australia

YouTube will exclusively live-stream the first weekend of Coachella 2017 for the seventh year in a row. – via Variety

YouTube TV rolls out in five US cities for US$35 a month with free Chromecast offer – via TechCrunch

YouTube mobile live-streaming is now available to those who have a verified channel and at least 1,000 subscribers. – via DigitalTrends

Mel B has taken out a restraining order against estranged husband Stephen Belafonte, accusing him in papers filed at court of sexual and physical abuse that drove her to attempt suicide. – via Telegraph

Kylie Minogue received the Britain-Australia Society Award from Prince Philip at Windsor Castle this week. – via SMH

James Blunt has revealed that he was in a busking band with Bear Grylls during university – via Celebretainment

Spotify Hi-Fi, the lossless version of Spotify will be pitched as an additional US$5 to US$10 per month, on top of the service’s $10/pm premium ad-free streaming service – via The Verge

Britney Spears’s Tel Aviv Concert Is Forcing an Important Israeli Election to Be Postponed – via Vulture

AEG Presents and Brooklyn Sports And Entertainment have purchased New York’s Webster Hall. – via RA

Jay Z Is Selling $850 Champagne – via The Fader

This article originally appeared on The Industry Observer, which is now part of The Music Network.

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