Here’s the Music Industry News Roundup for the week ending on April 7th, 2017. It’s been another big week in the world of streaming, but there’s other news as well. Let’s get into it.
Streaming is now making more money than downloads ever did. And Steve Jobs said it would never happen. Some good charts and comparisons here, but it just goes to show how much the music business has changed in 10 years.
The music business is still unsure about it though. That’s basically because it’s still run by execs that may be a little too “old school” for their own good.
But streaming may be overtaken by artificial intelligence. Don’t bet on it being soon however.
There are 4 ways it could happen. And the article is probably right – it’s just the timing that we don’t know about.
The UMG/Spotify deal is a bigger deal than you think. Mark Mulligan outlines why this is really a big deal for both parties other than what’s been publicized. He says it ushers in a new era of licensing agreements.
The windowing part of the deal is bogus. Bob Lefsetz makes a great point that it will only alienate users, and he has a point.
Pandora is losing audience. Fewer visits and less time spent is a bad sign as it loses users to Spotify.
Spotify may be looking to become a label. But despite what this article says it can’t go into competition with the major labels yet.
You can’t trust Facebook’s numbers. It seems to fudge things by 10 to 15%. But advertisers (the lifeblood of the service) are catching on.
And Beats 1 is not the biggest radio station in the world. Apple fudges the facts as well.
YouTube is changing its advertising and everyone is making less money. Advertisers aren’t happy and content creators big and small are besides themselves. Mark my words, we have now passed “Peak YouTube.”
That’s the Music News Roundup of what went on in the music industry last week. Have a great week ahead!