Spotify Files $1 Billion Initial Stock Offering

Spotify has filed its long rumored initial stock offering seeking $1 billion from the public markets.  Unlike the traditional IPO, Spotify, which will trade on the NASDAQ using the ticker symbol SPOT, is offering guidance of between $90.00 and $132.50 per share, based on recent private stock sales.

As part of the filing Spotify revealed that it had 159 million monthly active users, including 71 million Premium paid subscribers at the end of 2017.

The music streamer also reported almost $5 billion in revenue in 2017, up from $3.6 billion in 2016. Operating losses were $461.2 million in 2017, compared to $425 million in  the prior year.

In the prospectus, Spotify took much of the credit for driving the current music industry turnaround, having paid some $9.8 billion to rightsholders since launching.

Check back for more analysis as we review the SEC filing, which you can read in full here.

 

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How To Have A Successful SXSW 2018

Love it or loath it, SXSW is an important time for the music industry and those involved with it, presenting a vast wealth of opportunities for growing your brand, networking, and also enjoying the show. With so many options, we here assist in how best to break down your time at SXSW, whether you're a first-timer or seasoned vet.

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Guest post by Angela Mastrogiacomo of Soundfly's Flypaper

South by Southwest (SXSW) is one of the most exciting, chaotic times in the music industry. For emerging artists, it’s a time to connect with new fans, other bands, and industry professionals in an effort to widen your network and overall clout. It’s also a week filled with free alcohol, concerts, food, and more parties than you’d ever even want to attend. And that’s not even counting all the panel discussions, secret showcases, product demos, and other activities!

Whether it’s your first time at SXSW or you’re a seasoned regular, the sheer overwhelming nature of the thing remains the same. Where should you spend your time? Who should you connect with? Exactly how much partying is too muchpartying? Given that it’s a once-a-year industry madhouse packed with opportunities galore (and it does cost a pretty penny!), making the most of your time in Austin is essential.

Settle on a goal for the festival

It’s easy to say, “I just want to have a good time and meet new people!” But the problem is that that’s far too broad, and it doesn’t really point you in the direction of anything specific. Plus, it’s almost certain those two things will happen even if you do nothing.

It’s important to remember that if you’re attending SXSW with the intent of making it a business trip (i.e., positioning yourself to increase your career opportunities) — you can’t leave the rest up to chance. Charting specific goals — like who you want to meet, what bands you want to see, and your ultimate outcome — will help you to plan your schedule and to stay focused.

Once you settle on your takeaway goal, you’ll be able to adjust your schedule accordingly. When it inevitably starts overflowing, you can then easily ask yourself, “Does this bring me closer to my goal?” And if not, “How important is this to me?”

Make a list, check it thrice!

The SXSW official app is really handy for this, but because there will be so manyamazing unofficial parties, showcases, and events, you might want to have a backup planner in place, like Evernote or an old-fashioned pen and notebook to schedule out the day’s events.

Before you even land, make a list of the people attending the festival that you want to meet (panelists, bands, label reps) and try to come up with an idea of how you’re going to make that happen. If you can, reach out to them a few weeks before the festival. You might not be able to set up a time to meet right away, but you’ll at least have made the introduction and potentially even exchange numbers, so that once the craziness dies down, it’ll be easier to link up.

Inevitably, your plans will change along the way. You’ll get invited to different things or just not feel like going to a pre-planned event one night. But by having some kind of schedule in place, it’ll prevent you from feeling like you’re being pulled in a hundred directions, or feeling like you’re missing out, while ensuring you get to do the things you really want to do.

Come prepared to network

One of the great things about SXSW is that everyone wants to meet people, so you won’t be the only one out there hungry to network. You might want to have a convenient way to exchange contact information, and keep in touch long after the festival ends. Business cards are an incomparable asset in this department. And in a city like Austin, a bit of a creative, unique touch goes a long way. So consider any wacky ideas that would make your card stand out from the crowd — literally.

Don’t let self-care fall by the wayside

It is incredibly easy to get caught up in the excitement of everything happening at SXSW. The FOMO is real. If you want to stay fresh and be your best self for when you’re meeting new people or playing a showcase, you have to make sure you’re taking care of yourself. This means getting adequate sleep, eating well, and, as if it’s not already obvious, try not to drink yourself into oblivion.

The goal isn’t to just be able to function, it’s to be 100% present. Because you’re going to be so much more active than any normal week, you’ll likely need more rest. Take the time to make sure you’ve packed things like sunscreen, water, snacks (nuts or protein bars), and a backup phone charger. Austin is hot, and SXSW can produce some long days, so I recommend indulging in a little downtime whenever possible, and keep these things handy in case the schedule gets crazy.

Follow up a few days after SXSW

After everything is said and done, don’t forget to follow up with the people you’ve met. Personally reach out to them within those first few days (no more than a week, or you risk them forgetting who you are) with a quick recap of who you are and how you met, and how nice it was to meet them. On your end, you should have a plan for keeping in touch. If the context is right, perhaps make a note to check in every few months, or keep in touch by supporting their social media posts with comments and insight. The goal is that once you’ve made the connection, continue to nurture it.

That’s it! SXSW is an incredible opportunity and an amazing time — stay safe, stay hydrated, have fun, and enjoy yourself!

Angela Mastrogiacomo is a pop-punk enthusiast and the founder and CEO of Muddy Paw PR and Infectious Magazine. She’s also an industry and PR coach that specializes in helping artists and entrepreneurs overcome their doubts and make their mark on the world. You can find hanging out with her dog, eating sweets, and curled up with a good book.

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Why Vinyl Matters [WATCH]

Here Sunny Stuart Winter sat down to chat with Dr. Jennifer Otter Bickerdike, author of Why Vinyl Matters about the longevity of the format's resurgence, it's subcultural capital, and the strong connects which it has with fans.

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Guest post by Sunny Stuart Winter

With vinyl sales increasing again in 2017, it's clear the resurgence in the physical format isn't going away. One in every 10 physical music sales in the final quarter of last year was vinyl. The comeback, perhaps a direct revolt against digital downloads and MP3s, fascinates me at a time where one has the entire encyclopedia britannica of music in their pocket.

But why? And can it truly last? Is it here to stay?

For the latest episode of Such Great Heights (and the last in the long-form series*, more on that later), I met with Dr. Jennifer Otter Bickerdike, author of ‘Why Vinyl Matters’ and authority figure on the subcultural importance of the medium.

In this absorbing conversation, filmed at BIMM London (where Dr Jen lectures), we go in depth about the connection of music fans and vinyl, its subcultural capital, fandom, as well as stories from Dr Jen’s meetings with the likes of Henry Rollins, Lars Ulrich, Fatboy Slim and more, who feature in her incredible coffee table read.

If you’re even remotely interested in music and why people connect with music, let alone if you collect vinyl, then I suggest you stop reading and click play below.

 

What a deal huh?

Until next time,

 

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Led Zeppelin Embraces Record Store Day With New Release

You may want to get in line early this Record Store Day.  In advance of Led Zeppelin’s 50th Anniversary celebration, slated to commence this September, the band will wet fan’s appetites with their first ever Record Store Day release on April 21st, 2018.

Produced by Jimmy Page and pressed on yellow vinyl, the limited-edition 7” single will feature two previously unheard studio mixes, handpicked by Page – the “Sunset Sound Mix” of “Rock And Roll” b/w the “Olympic Studios Mix” of “Friends.”

The previously unreleased version of “Rock And Roll” provides an additional peek into the fabled “Sunset Sound Mixes” of “Led Zeppelin IV.” Only two previous “Sunset Sound Mixes” have been released, the first being the version of “When The Levee Breaks” on the original album, and the second the “Stairway To Heaven” mix that debuted on the 2014 deluxe edition.

The previously unheard “Olympic Studios Mix” of “Friends” is a stripped-down version, without the orchestration of the final mix, offering a true fly-on-the-wall feel from the band’s recording sessions for “Led Zeppelin III” at the Headley Grange recording and rehearsal venue in Headley, Hampshire, England.

photo by Happybeatle2 via Wikemedia

- CelebrityAccess

 

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How to Use Facebook Live to Promote Music

Recent changes in Facebook's algorithm have sent musicians and music marketers scrambling for new ways to grab the attention of the social network's massive audience. The jury is still out on most tactics, but one thing is certain: Facebook ranks and delvers more eyeballs to live video. 

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By Dave Kusek, founder of the New Artist Model

You’ve no doubt seen that little “Live” button on Facebook. Maybe you’ve even joined a Facebook Live video or seen other bands using Facebook Live. Right now, live video (on any platform) is one of the most powerful tools available to you and it presents an incredible and unprecedented opportunity to connect with your audience, create some great content they will love, and even make good income. In other words, live videos are a promote your music powerhouse that will let you grow your fanbase and connect with your fans on a whole new level.

Of course, live videos are just one piece of the social media world. If you want ideas of what to post on social media day to day, check out our free How to Promote Your Music ebook. It includes 3 social media checklists with a TON of post ideas that you can use to promote your music and engage with your fans. Click here to download it for free.

Why Use Facebook Live?

It can feel like new social media features are popping up every other day, so why should you dedicate time to Facebook Live?

As you probably know, Facebook uses an algorithm to determine what shows up in everyone’s newsfeeds. And those algorithms make it notoriously difficult to get posts on your artist or band page noticed. But right now, Facebook is giving live videos a lot of priority. In other words, Facebook live videos are more likely to show up in your fans’ and followers’ newsfeeds. And we could all use a little more exposure for our music :)

Facebook Live videos > Uploaded videos > Shared YouTube videos

As far as video content goes, Facebook Live videos get priority over videos uploaded onto the platform, and uploaded videos get priority over YouTube videos. And in most cases, video content in general will get more engagement than text or image posts. That means live videos are at the top of the engagement pyramid.

There are a ton of reports out there pointing to the higher engagement and audience retention rate of live videos as well. Typically, Facebook live videos have a higher average watch time than uploaded videos and they get three times the engagement.

And finally, any kind of live video lets you engage and connect with your audience and fanbase on a deeper level. While a lot of social media channels can still feel pretty impersonal, in a Facebook Live you’re talking directly to your fans and responding to them individually by name (more on that later), and that is an incredible opportunity.

How to Use Facebook Live: What You Need

There’s not many prerequisites for doing awesome Facebook Lives. A phone and a good internet connection is about all it takes. But there are a few things you may want to add on to your live set up to up the quality.

1. Especially for musicians, audio quality is really important. So it may be worth your while to invest in an external mic for your phone. This doesn’t have to be anything crazy high-end, but the little boost in audio quality will only make your performances better.
2. There’s nothing worse than your phone falling over in the middle of the best part of the song you’re playing… So a phone tripod or mount is another fairly inexpensive way to up the quality of your Facebook Live. You can get decent tripods or mounts for less than twenty bucks on Amazon, so there’s no real excuse for shaky video.
3. And finally you need a space that has decent lighting and a quiet, distraction-free environment. Any old well-lit room will probably serve your purpose, but you can also find inexpensive lights online if you feel like your space isn’t up to your standards.

Once you have that, all you need to do is go into Facebook and choose the “Live Video” option. From there you’ll be able to set your privacy settings and create a post description. This will show up in your fans newsfeeds so tell them what’s going on and why it’s gonna be awesome. Press the “Go Live” button and your fans will start coming in!

Live Video Ideas Your Fans Will Love

There’s a lot you can do with a live platform, so let’s go through a few ideas. With anything, your best bet is to try out a few things and gauge your fans’ reaction. What kind of lives do they get really excited about? Which lives get the highest attendance? Which get the most engagement?

You can find all of this in your Facebook analytics. To access them, just click on your “Insights” tab. There you’ll be able to see all kinds of stats that will help you make decisions about your live videos. Pay close attention to the “Average watch time.” Ultimately you want your fans to stick around on your lives as long as possible, so experiment and see what you can do to get this number up. You should also look at “Peak live viewers.” If you click through you’ll be able to see how many people were watching at what time. Pay close attention to any large drop offs and try to improve to keep people watching.

Okay, now onto the live ideas!

1. Small Performance

One of the most natural options for musicians is to simply do intimate performances with just you, your instrument, and your phone. This is a great option for singer-songwriters, but it can work for bands as well - take turns giving each member a chance to do a solo live.

The key to these small performances is to go back and forth between performing and chatting with your fans. This direct engagement is what will keep them hanging around and what elevates a live video from a YouTube video.

2. Band Jam or Practice

Next, you can turn your band’s jams or rehearsals into a Facebook live video. This gives fans a little look into what goes on behind the scenes in band life. Plus it doesn’t take much effort on your part - you’re already rehearsing, so why not just set up a phone and stream it? These are a little less personal than the one-on-one concerts we talked about earlier, but you can still take breaks and chat with your fans from time to time.

3. Stream Gigs

This is probably the least personable option. I’d recommend only streaming gigs from time to time - you want fans to actually come out to gigs, not just watch them on their phones, right? With these lives, its best to recruit a friend to be your live camera-man instead of just setting your phone up on a tripod. This can make the experience more engaging and interactive.

4. Announcements

If you have a really important announcement that you want your fans to know about, make the announcement in a live video to take advantage of the priority they get in Facebook’s algorithm! This way, you can be sure more fans actually see the post. As a bonus, give your live viewers early access or a special discount.

5. Q&A’s

The music is great, but it’s important to connect with your fans on a human level as well, so try putting down the instrument and just chatting with your fans. Let your audience submit questions beforehand and take some questions live as well. Some bands will get in a schedule where they do a Q&A ever month so fans know what to expect.

6. Vlogs

Another cool idea is to take your fans behind the scenes with live videos. Maybe bring them live into the studio, or backstage as you prepare for a gig. Talk them through what you’re doing, tell them a funny story that just happened, show them something cool behind the scenes, or give them a sneak peek at something you’re working on.

Facebook Live for Musicians: Best Practices

Okay, now that you have some ideas for live videos, let’s talk about some best practices. These are just some tips that will help you maximize your live videos and get better watch rate, engagement, and even make some money.

Show Up

If you really want your live videos to be successful, you need to give yourself a schedule and show up. Whether you go live once a week or every single day, make a schedule and stick with it.

Why? If you go live intermittently, you’re just hoping your fans are online when you hit that live button. But if fans know that you go live every Thursday night at 7PM, they might plan to be on Facebook just to catch your stream.

To start, use your analytics to see when your fans are online. What days of the week are your fans most active? What time of day? This is going to be different for every audience.

You could even give your live sessions themes. Like “Songwriting Sunday” where you hang out and play around with song ideas and write little ideas live. Or “Throwback Thursday” where you cover a bunch of older tunes that have inspired you.

Use a Tip Jar

There are musicians who are actually making a decent amount of money from Facebook Lives. All you need to do is set up some kind of “tip jar” (PayPal is an easy option) and link to it from the description of your live video and in the comments.

Next, set up a notification or have your computer right there so you can see the donations coming in and thank your fans personally by name. I know it doesn’t seem like much, but this little bit of personal gratitude can go a long way and show your fans that you really do appreciate their support. You see this all the time on Twitch, and it’s really easy to implement on Facebook as well.

There are lots of other ways you can use Facebook Live videos to drive more music, merch, and ticket sales. Check out this article to see a more in-depth guide on using Facebook Live to make more money from music.

Build a Relationship

A good Facebook Live is not just about entertainment or putting on a good performance. You need to use lives as a chance to build a relationship with your fans.

Relate to your fans, get to know them, and answer their questions. Respond to them and use their name. Talk to them and with them, not at them. You want it to feel like you’re all hanging out on a Friday night together.

Over time, you’ll even get to know some of the regulars who show up all the time. Greet them by name and follow up on a conversation you had in a previous live. Remember, live videos are a rare opportunity to get an *actual* two-way conversation going with your fans, so take advantage of that and be real.

Promote Your Live Sessions

You’ll get the highest attendance if your fans know a live is coming, so post at least once announcing your upcoming live. You can even do a little cross promotion on other platforms like Instagram and Twitter so fans can follow you on Facebook and be ready when you go live. While Facebook does save live videos so fans can watch them after the fact, you’re going to get more audience retention live.

Duration

Facebook Live broadcasts are 90 minutes in length. While you don’t have to stay on for the full 90 minutes, you should try to make your live sessions at least 10 minutes. Facebook staggers notifications so you want to give it enough time to notify all your fans that you’re live.

Encourage Engagement

As with any kind of Facebook post, more engagement will always equal a greater reach, which in turn helps you get more fans on Facebook. So encourage your viewers to like, comment, and even share the live video throughout the broadcast. Try asking direct questions to get fans commenting. And something as simple as saying “Like if you agree,” can help boost the engagement.

 

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