Here’s the Music Industry News Roundup for the week of November 25th, 2016. It’s the beginning of the holiday’s, so this week’s news is a bit light. Let’s get into it.
10,000 radio stations sue Irving Azoff’s Global Music Rights company. GMR is charging stations separate license fees from ASCAP and BMI, so artists are making more. Radio isn’t too happy with that.
Universal Music’s market share has actually dropped since it acquired EMI. No one saw that one coming as reality as defied expert predictions once again.
Vevo is the #1 music video platform, but do you even know you’re watching it? Everyone thinks they’re still watching YouTube, but in the end, does it really matter?
The music industry is set for its best year since 2009. That said, the predictions is based on some iffy measurements that might be meaningless in today’s streaming world.
Bank of America is pessimistic about Pandora. The company claims it can hit 15 million subscribers soon, but analysts at the bank don’t buy it.
An explanation of streaming money. I’m not so sure that this infographic isn’t more confusing than helpful, but it’s worth checking out.
More on breaking an artist in the streaming age. Record labels seem to rely on the viral, quick hit, but artists careers that have lasted have always been built slowly, so this strategy seems at odds with what’s been proven to work.
That’s the Music News Roundup of what went on in the music industry last week. Let’s see what next week brings.