It seems like the RIAA is in meltdown! In their latest tax filings they have seen a huge reduction in overall revenues and it has had to layoff more than half of its staff.

In just two years overall revenue has reduced from to $34.8 to $24.8 million.

Although I’m sure the staff who have been laid off wont be happy to hear that the CEO is now getting over $1.5 million per year!

Does this mean that the RIAA is slowly becoming irrelevant?

Spotify has just launched their own music streaming charts. Anyone can now see the Top 50 tracks from each country as well as the Top 50 Social (Viral) tracks for each country.

“What’s so powerful about the streaming charts is they let you hear what people are really listening to, right now, and not just what they’re buying,” says head of content Steve Savoca in a statement.

“We want to be the best artist promotional platform in the world and showing play-counts is a clear step in that direction,” says Savoca. “Now artists can get immediate feedback from their fans on how their music is performing on Spotify.”

RouteNote artists will very soon have the opportunity to add their music to Googles’ new music streaming service call Google Play All Access. Additionally, RouteNote artists will be able to have their music in the basic Google Play music download store.

Google announced their new music streaming service last night at their Google I/O Developed Conference. The Google Play Music All Access will launch this week in the US and then move into other countries.

Features are as follows: unlimited access to an on-demand catalogue of songs, personal-radio channels based on individual songs and artists, and a $9.99-a-month subscription reduced to $7.99 for early adopters.

Most importantly there is no free tier to allow users to test out the service before paying. This is very surprising considering Google is the world leader in online advertising! Im sure if anyone was going to make a mass market product and monetize the service effectively through advertising then it would have been Google.

“We had a vision and it’s taken us time to build out that vision. We look at All Access as a complement to the locker, which we felt we had to build first,” lead product manager Paul Joyce tells The Verge. while hinting that All Access may go beyond Android.

p.s. If you are a RouteNote artist then Google Play options will come live very soon and you will be able to add your music straight away.

You can watch the Google I/O Developer Conference Live on YouTube. Google is expected to announce in the keynote the launch of their Spotify killer, Google Play Music Streaming.

p.s. It needs a good name, not just the Google Play Music Streaming service.

Interesting news Google is preparing to launch their music streaming service today at their Google I/O conference. All relevant information might be released today, but if such a service does exist then expect RouteNote and your music to be onboard!

Source – TheVerge

Stream: Sub Focus – Endorphins (Ft. Alex Clare). This is going to be released on Mercury Records very soon.

The new Daft Punk album ‘Random Access Memories’ is now available on iTunes for free streaming and download. The only annoying this is that they have made the stream gapless and you have to stream through the whole album.

It has been a long week and its time for the weekend, so here is some cool Dubstep for you!

Avicii & Nicky Romero- I Could Be the One (eLLofunk Remix) – Free Download

It seems like Maker Studios is in a bit of trouble. Maker CEO Danny Zappin has stepped down and there are rumours going around that they are currently losing in excess of $2 million per month. It will be sad if they are in big trouble as they directly support a lot of music channels on YouTube.

Source – AllThingsD