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The American Association of Independent Music (A2IM), a 501(c)(6) not-for-profit trade organization that represents nearly 700 independent music labels, is kicking 2022 off right. For the second year, it’s launching its Black Independent Music Accelerator (BIMA), a fellowship initiative designed to amplify Black voices in the independent music community. “Black entrepreneurs have been the backbone of the music industry since the beginning of time. Allowing us to access the resources of counterparts, now opens doors to innumerable possibilities for creators that look, think, and dream like us,” shares Erinn Knight, President of Build Your Own Dreams and 2021 BIMA Fellow. “The BIMA program has made me feel seen and reflected in an industry I have felt alone in for a long time. The ongoing offerings with industry service providers, and the experts in the BIMA program, have been helpful and educational. In addition, access to all the A2IM membership benefits has completely elevated and...
Audius — a free-to-use streaming platform built on blockchain technology — is coming in swinging to compete with Apple Music, Spotify and TIDAL . According to Rolling Stone, on Sept.16, the platform announced a $5 million round of strategic funding with investments from artists, such as businessmen Nas and Pusha T. “I believe [blockchains] might be the most important technology to ever hit the music industry,” Nas said in a statement. “Everyone who uploads to Audius can be an owner. You can’t say that about any other platform.” It’s known knowledge that artists’ pockets barely rely on the slow and minimal income from streams — but Audius is on a mission to change this misfortune. With the platform, artists will get paid promptly. Rolling Stone reports that with Audius, “90% of earnings move in real time — with 10% going to the community that makes the system run.” “The blockchain is enabling entirely new revenue streams for artists and creators, like NFTs, social currency, and...
Aaliyah and her reign continues. When Aaliyah’s “One In A Million” album first released in 1996, it peaked at No. 18 despite influencing the music industry and being a fan favorite. Fast forward to 25 years later, HipHopDX reported that the late singer’s sophomore project — which recently became available on streaming platforms — has reentered the Billboard 200 and secured the No. 10 spot. According to MRC Data, “One in a Million” sold 26,000 equivalent album units. View this post on Instagram A post shared by Blackground Records 2.0 (@blackgroundrecords2.0) After a drawn out legal battle between her label Blackground Records — now renamed Blackground Records 2.0 — and her estate, fans were finally granted their wish of access to Aaliyah’s entire discography. As previously reported by AfroTech, Blackground Records 2.0 partnered with Empire, an independent distribution company, for Aaliyah’s music to go digital. On Aug. 20, 2021, “One In A Million” kicked off the R&B icon’s music...