The Brief: Spotify’s $7b, Worlde for Music, Token||Traxx NFT Marketplace, YouTube and More

Your update on new releases, business and tech news in less than five minutes from MusicIndustryCity.com Spotify says it paid out $7 billion to music rights holders last year. More than 1,000 generated over $1 million, and more than 50 thousand generated over $10 thousand. For you Worlde fans, there’s Heardle - the Wordle for music. Now you can try to Name That Tune in six guesses or less. I bet I can name that song in one note :)  In music tech news, YouTube is adding new live stream features which include live guests, which will allow creators to invite a guest to their stream, and live rings which help to better alert viewers when a channel is going live.  From the Web 3 World... Token||Traxx, a new NFT marketplace for the music community, sold out their TRAXX Token Public Sale this week and has announced new partnerships with AscendEX and BitMart In Musical Chairs... UTA’s music division just added a trio of new hires. Aaron Arkin, Vatana Shaw and Mary Allen. will join the team. And for your listening pleasure… Soccer Mommy announces a new album titled "Sometimes Forever." It will land on June 24th, courtesy of Loma Vista. That concludes today's update. For article links, see the show notes, or go to MusicIndustryCity.com and tune in to The Weekly Wrap on the Music Industry City YouTube channel Thursday nights at 7pm eastern. Have a great day!