Category Archives for "Music Industry Roundup"

Music Industry News Roundup For The Week Of 3/24/17

Music Industry News Roundup Here’s the Music Industry News Roundup for the week of March 24th, 2017. Spotify gets a lot of attention because it’s getting serious about its upcoming public offering, but lots of other news as well. Let’s get into it.

Spotify is nearing a new licensing deal with the major labels. It’s been out of contract for the last 2 years, but needs to reup before its IPO this year.

The Street takes a grownup look at Spotify’s current financial situation. There are a lot of forces currently at work here that are pushing Spotify to make deals that it might not want.

Speaking of Spotify, it’s collecting a huge amount of data from you. It doesn’t care much if you stream for free because it’s learning so much about you that it’s turning into cash.

Voltra has a different approach to monetizing music, both for the consumer and artist. The question is, will it survive against the deep pocketed services that have a big head start?

Just after you thought no one can top Ed Sheeran, here comes Drake again. He breaks both Apple Music and Spotify records with 90 million streams in 24 hours for his latest release.

Vinyl versus streaming – the future. Experts predict what may happen to both, but they’re actually pretty vague, and I think off the mark.

Discogs is bringing record collecting into the 21st century. Although there are many who go along kicking and screaming.

Google Hangouts gets a makeover. It’s not only going after Slack, but WhatsApp and Facebook Messenger as well.

LiveNation has acquired 13 companies in 13 months. The latest is the UK’s Isle of Wight festival. Talk about a rollup.

Radio is listened to at the same rate in all age groups. Surprising numbers from Nielsen, but these numbers have been holding steady for years.

That’s the Music News Roundup of what went on in the music industry last week. Have a great week ahead!

Music Industry News Roundup For The Week Of 3/17/17

Music Industry News Roundup Here’s the Music Industry News Roundup for the week of March 17th, 2017. There’s lots of interesting speculation on new services, and not a mention of Spotify for once. Let’s get into it.

Facebook trying to solve “social music.” No one else has cracked it, but the company is taking music very seriously.

Will AI and chatbots disrupt the music industry? AI is already being used for streaming recommendations, but there may be other places for it as well.

Ed Sheeran claimed 9 of the top 10 chart spots in the UK. And 16 of the top 20, and that’s worrying a lot of people. Are free streams are screwing up the charts because they’re weighted the same as paid streams? Apple’s Jimmy Iovine has a lot to say on this.

Is Taylor Swift getting into the streaming business.  She just filed for 9 trademarks for “Swifties,” but all we know is that it’s for a website. Speculation runs high here.

Pandora finally launched its premium tier. The company tries to capitalize on its 175 million users, but is this too little too late?

Alibaba to launch an artist management company. The Chinese company is going global and has committed to spending more than $7 billion on entertainment in the next 3 years. Look out Google, Apple and Amazon.

Airbnb is getting into the music business. It’s launched its “Music Experience” which provides not only accommodations, but prime tickets as well. Now available in 12 cities but soon expanding to 40 globally.

And Amazon is getting into the festival business. No announcement, just a job posting about wanting to dramatically improve the festival experience. Who wouldn’t be for that?

Google Play Music has new audio playback options. You can now change between 4 different levels of audio quality, which suggest some hi-res music in the future. The problem is there’s no explanation about the specs.

You’ll be shocked at the top vinyl records in each state. Classic rock still rules, which is kind of sad in a way. I like the fact that vinyl buyers understand the quality of the musical period, but it’s time for some new blood.

That’s the Music News Roundup of what went on in the music industry last week. Have a great week ahead!

Music Industry News Roundup For The Week Of 3/10/17

Music Industry News Roundup Here’s the Music Industry News Roundup for the week of March 10th, 2017. Nothing major, but a lot of interesting business tidbits this week. Let’s get into it.

Streaming music is a bad business according to this article. It is if that’s the only product you have. As I’ve explained before, it’s a loss-leader for Apple, Amazon and Google.

But the music business is a model for non-music businesses. Which means, learn by our mistakes.

Spotify is quietly A/B testing the pricing for a high-resolution tier. It’s called Spotify Hifi, and it will be either $5 or $10 more than the normal paid subscription.

And Spotify has hit 50 million paid subscribers. That said, it’s beginning to look like the streaming business is slowing down. Time to lower the price? That will give it the kick it needs.

Ed Sheeran is dominating Spotify. He breaks a single day record for streams with his new album, then tops a billion views on YouTube.

Nirvana’s Nevermind is still on the charts 350 weeks later. It has a way to go to top Pink Floyd’s Dark Side of the Moon ( 741 weeks), but that’s still pretty impressive.

Another indie artist goes #1. Move over Chance the Rapper, Stormzy hit the top of the charts in the UK.

Indie artists should not skip streaming. CD Baby’s CEO gives some pretty interesting numbers that just backs up what we all know – the music industry is quickly become all about the stream.

Songwriters are pushing hard for increased royalties from interactive streaming. It’s currently a pittance of a pittance, and they deserve more.

New York City is the center of the music universe. More ticket sales there than anywhere else, and it even has twice as many digital music startups than Silicon Valley or Los Angeles.

Iron Maiden is beating the scalpers. They’ve managed to bypass 3 of the top secondary ticket sellers in the UK. Quite an achievement!

That’s the Music News Roundup of what went on in the music industry last week. Have a great week ahead!

Music Industry News Roundup For The Week Of 3/3/17

Music Industry News Roundup Here’s the Music Industry News Roundup for the week of March 3rd, 2017. A lot went down this week in a few related areas. Let’s get into it.

Good news – recorded music grew by 7% last year. It’s actually up $1.1 billion over last year, which is a heck of a good year of growth.

Indie labels say their share grew by more than 6%. That’s good news for the DIYers out there.

And indie publishers saw their revenue grow by 60%. The business may never reach it’s previous heights, but it’s definitely coming back.

Facebook is about to go after YouTube big time. And that means paying creators for things like music, if the hire outlined in this article means anything. A lot of people in the industry are very excited about this potential new source of revenue.

Artists are banding together to try to influence the US Copyright Office to force YouTube to pay more. Good for them for trying, but I don’t think it will mean much.

There’s over a billion hours of YouTube watched every single day. That means it’s 10 times as popular as Netflix or Facebook video and almost approaches broadcast TV’s numbers.

And YouTube has millions of dollars for artists in an escrow account. If you’re Canadian, you probably haven’t been paid some royalties owed to you, but you only have 3 months to make a claim.

The Austin live music scene is really struggling. Just like in other cities around the world, venues are closing at what seems to be a record rate. The festival scene is still strong, but SXSW now has a problem with not enough venues for it typical showcases.

Radio is not the place to listen to music, according to Jay-Z. OK, he’s biased but what he’s saying is totally true and it’s been something that I’ve been repeating for years on this blog and in my Music 4.1 book – Madison Avenue really runs radio, meaning that it’s all about the advertiser, not the listener.

That said, the number of radio listeners hasn’t changed much. People talk about the technology as being old and obsolete (it is), yet we all continue to use it more than we think.

That’s the Music News Roundup of what went on in the music industry last week. Have a great week ahead!

Music Industry News Roundup For The Week Of 2/24/17

Music Industry News Roundup Here’s the Music Industry News Roundup for the week of February 24th, 2017. It was a rather quiet week, but still lots to talk about. Let’s get into it.

This may be the last easy year for streaming music. It needs new innovations and pricing if it wants to grow.

Users are leaving Snapchat for Instagram. It now has the same features, and this poster tells you why.

Old fashioned TV still drives the music business. But a lot less than in the past Remember when an appearance on Saturday Night Live was worth 150,000 album sales?

Universal Music And MQA make a deal. MQA may be the future format for streaming high-resolution music, and Universal is getting in on it early.

Alex Da Kid thinks there a new resurgence of indie labels coming. And he hopes his label leads the way.

Does owning your music matter anymore? Millions of streaming users say no but this article thinks differently. I’m not so sure I agree.

The big tech companies are still coming after the music business. Good or bad thing? Time will tell, but it looks inevitable.

And maybe Apple will end up with a music monopoly. It’s a long shot, but could happen.

Ed Sheeran is the biggest artist on Spotify worldwide. This is a bit of a surprise, but he’s killing it on the platform.

Look for more personalized ads coming from Pandora. Or just buy a subscription and go ad-free.

That’s the Music News Roundup of what went on in the music industry last week. Have a great week ahead!

Music Industry News Roundup For The Week Of 2/17/17

Music Industry News Roundup Here’s the Music Industry News Roundup for the week of February 17th, 2017. A lot went on in the streaming world, although nothing that you’d classify as major.. Let’s get into it.

Spotify just signed a big new lease in NYC and plans to add 1,000 jobs. The is a curious move given recent rumors about its IPO running aground. Could an acquisition be in the works?

Spotify also made a deal with the New York Times. You now get a free Spotify account with every Times digital subscription. That means the company should break 50 mil subscribers by the end of the year.

Apple Music is “well past 20 million” now. Of course, they didn’t say how much past. The last figure was estimated at 20.9 million paid subscribers.

SoundCloud lost 2 top executives. That’s not a good sign for streaming service that’s the backbone of most indie musicians.

Pandora is really trying hard to become a premium product with paying subscribers. It’s hoping to get to 9 million subs by the end of the year. It might be a futile effort as it has a lot going against it at the moment, not to mention fierce competition.

Facebook ads will now play automatically with audio. Ads used to be muted and you had the option to unmute if you wanted. Now we go to the dreaded autoplay with audio, so we’ll all have noisier news feeds. Why? Facebook says the mobile uses want it that way!?#!

Facebook also wants to steal music away from YouTube. It’s trying to make the labels an offer they can’t refuse.

It looks like big changes are coming to music videos either way. Industry analyst Mark Mulligan points out the many ways this sector is changing.

The movement to have radio pay music artists may be coming to a head. The hope is that the new administration will take the side of the artists instead of the radio industry so artists will finally get paid for airplay (only the songwriters get paid currently).

Prince’s music is back on most streaming services. There’s no reason to hold it back if the estate could be making money.

That’s the Music News Roundup of what went on in the music industry last week. Have a great week ahead!

Music Industry News Roundup For The Week Of 2/10/17

Music Industry News Roundup Here’s the Music Industry News Roundup for the week of February 10th, 2017. It’s been a busy week in the music world this week. Let’s get into it.

Google and YouTube merge their music teams. There’s confusion between Google Play and YouTube Red services, so look for these to become just a single service soon.

Warner Music joined the $1 billion streaming club. Now all 3 major labels make more than a bill from streaming.

FM radio is now enabled in half the smartphones in the US. The question is, how many are actually listening?

Ticketing is a broken industry that needs to be fixed. The latest incident with Ed Sheeran may bring things to a head in the UK.

Trump’s presidency will affect music in some way. Here are 5 scenarios of what could happen.

Chance the Rapper gives all his music away for free and still does pretty well. So he doesn’t need a label as a result. Here’s how he does it.

Thanks to the Super BowlLady Gaga’s sales surge over 1,000%. In the grand scheme of things, her sales still aren’t that great though.

A million plays isn’t enough to break an artist any more. I keep saying that the metrics have changed. You need at least 10 million to even get in the ballgame, and 50 mil for a minor hit.

The reason why so many music tech startups fail. They don’t analyze the market to see if there’s really one there. But they’re musicians, what else do you expect (musicians know what I’m talking about)?

Sir Paul McCartney is suing Sony/ATV publishing to get his Beatles songs back. And there’s a good reason why he’s done it in the US, according to this article.

The New York Times is bundling a free Spotify account with a subscription. That should push Spotify over 50 million paid users soon.

That’s the Music News Roundup of what went on in the music industry last week. Have a great week ahead!

Music Industry News Roundup For The Week Of 2/3/17

Music Industry News Roundup Here’s the Music Industry News Roundup for the week of February 3rd, 2017. This has been a big week for social media changes, but there are still some interesting record label-related developments. Let’s get into it.

Sony earned $1.2 billion from streaming last year. It still made more from physical sales, but not by much.

Streaming is changing music consumption, but is that good? Well, the measurements are no different, and this article doesn’t think they’re as fair and equal as they should be.

Investors are putting more money in the music business. That’s because they believe it’s finally coming back, and owning music publishing is an appreciating asset (which it’s always proven to be).

Vevo has now reached 100 million users. The music video network partially owned my Universal Music was seen by 43% of all viewers who watched YouTube in December. The funny thing is, most of them aren’t even aware that they’re watching it.

Speaking of Vevo, MBW thinks Facebook should poach it from YouTube. The article says that it could make approximately $32 billion a year if it did, which sounds a bit far-fetched to me. Still a good idea though.

Soundcloud’s getting deeper into advertising. Users don’t want to hear this, but the company is trying to increase revenue to look like a better acquisition target.

Snapchat is adding augmented reality. A new lense will allow users to identify environmental elements and superimpose digital effects on top. It’s still experimental so we won’t see it for a while, but it’s cool that it’s in development.

Hulu launched its virtual reality show On Stage. You need the service’s VR app in order to get the full effect, but it’s good to see the technology getting off the ground in music.

Facebook is going to start paying for videos. Both up front and revenue sharing from ads will make video content creators happy. It’s also a shot across the bow of YouTube.

People are upset that Instagram now does groups of photos. They feel it’s trying to become all things to all people and losing its focus.

That’s the Music News Roundup of what went on in the music industry last week. Have a great week ahead!

Music Industry News Roundup For The Week Of 1/27/17

Music Industry News Roundup Here’s the Music Industry News Roundup for the week of January 27th, 2017. There’s lots of varied news that covers the spectrum of the music business. Here are some of the news highlights for the week.

Spotify wants to pay a lower royalty rate. It’s contract with the major labels is up, but it’s offer is to pay 14% less than it’s paying now. Good luck with that.

Spotify also has some big loan payments soon. Which is why the rush for the company to go public this year.

Pandora thinks it can take on Apple Music and Spotify. Maybe, but it has a long way to go. This article provides its plans.

32 online music services have shut down in the last 5 years. It’s getting tough out there unless you’re one of the big boys.

Sony wants to keep its music division. It plans on selling the film studio, but music is making too much money to cut loose.

Artists can make money from YouTube’s new Super Chat feature. It’s a pay-to-comment feature that the service hopes will add some revenue to the artist’s coffers. It’s also killing the Fan Funding feature in the process.

Google Play Music is testing an auto-play option.  It’s unique in that it resumes play at the spot where you left off when you launch an app.

Music has to lead the way for VR to succeed. That’s going to be difficult, as most creators still view audio (let alone music) as the poor step-child to the picture.

Movie trailers may be the best marketing for an artist. At least that’s what this Atlantic Records exec thinks.

It looks like protest music is making a comeback. We can thank our new president for that.

Some of the copyright changes that the industry hoped for might not happen. The new administration is strangely silent on the matter, which scares music insiders.

That’s the Music News Roundup of what went on in the music industry last week. Have a great week ahead!

Music Industry News Roundup For The Week Of 1/20/17

Music Industry News Roundup Here’s the Music Industry News Roundup for the week of January 20th, 2017. We’re back in the swing of things as everyone hits the ground running in the new year. Here are some of the news highlights for the week.

There’s speculation that Sony Japan is tiring of the entertainment business and might now want to sell out. That means Sony Music and Sony/ATV publishing as well. Could the 3 major labels soon be down to 2?

It looks like Sirius XM is still interested in buying Pandora. But only at the right price. Pandora is in trouble, so that price is sure to be coming down to where Sirius likes it soon.

There are predictions that the US radio industry is going to change big time soon. Back to local and away from big station groups, as iHeartRadio is in big financial trouble that could start the change. This is a good thing.

The long term trends in radio don’t look good. Despite what you might read, fewer people are listening to radio, a figure that looks like it will only decrease. Is it because of the product (too many commercials) or the format? Could a big industry shakeup change the trend?

Norway shuts down its analog radio system. It’s trying to make a clean shift to digital. This is for national stations only though, as lots of independent analog stations will still stay on the air.

Facebook has decided to stop paying publishers for live videos. It seems like this was just a short term deal to establish the format and now it wants to put more emphasis on long-form videos instead. This is no-doubt because it will soon be inserting mid-roll ads after 20 seconds, so the longer the video, the better.

Apple is looking to produce TV content. Could this be Netflix/Amazon envy, or has it just lost confidence in the core product of Apple Music?

The hottest selling metal records of 2016 holds a surprise. Metallica holds 6 of the top 10 spots and is still selling physical product like crazy.

Music streaming now has more paying users than Netflix. Of course, Netflix is only one company, while the more than 100 million music streaming subscribers is across all the streaming networks world-wide.

10 virtual reality observations. Will it be the next big thing? It could be, but probably not in the way you think.

That’s the Music News Roundup of what went on in the music industry last week. Have a great week ahead!

 

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