Shambhala Music Festival has officially postponed again, moving from 2021 to 2022. Due to the coronavirus (COVID-19) pandemic, Shambhala was forced to postpone (in other words, cancel) its 2020 event. Now, as festival season draws near once again, organizers give a much needed update in the post below. In light of the ongoing public health [...]
Despite the hardships the music industry faced in 2020, recorded music revenues experienced growth for the fifth consecutive year. According to the Recording Industry Association of America (RIAA), United States recorded music revenues grew 9.2% in 2020 to an estimated retail value of $12.2 billion. Meanwhile, recorded music measured at wholesale value rose 8.9% to $8.0 [...]
3LAU has broken new ground with his record-setting NFT album release. A collection of the producer’s limited edition Ultraviolet NFTs sold online for $3,666,666, with sales for 33 unique digital items totaling $11,684,101. The collection built by Origin Protocol is the world’s first tokenized album and sets a new record in a single NFT auction. The [...]