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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 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 2/10/17

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 #8

Music Industry News Roundup Here’s the music industry news roundup from the last week. As always, streaming and streaming services are in the news, but so are a number of huge artists, as well as some cool speculation on the future. Let’s get into it.

Apple Music is seriously getting into song lyrics. Reports are that it’s hired a new team to curate lyrics rather than use a third party to do it. The feature is supposed to be part of iOS 10, which hasn’t been released yet.

The Ed Sheeran plagiarism lawsuit is causing a bit of a dustup. Billboard rants a bit about the bad journalism surrounding the suit (that “Thinking Out Loud” is too close to Marvin Gaye’s “Let’s Get It On”), and on the surface, this one feels frivolous, but we’ve been surprised by the results before. This could be a bombshell for songwriters and music publishers alike if it goes against Sheeran.

Chance The Rapper turned down all the major labels and signed an exclusive with Apple instead. That’s the way the new music business works, although I’d bet that he ends up on a major sometime in the future.

Speaking of exclusives, Frank Ocean also went with Apple Music. Starting to see a trend here? First it was Tidal, then Spotify, now it looks like Apple is putting on the serious push for exclusives. It will be interesting to see its latest subscriber numbers.

In the meantime, Spotify is diversifying into gaming. It launched a new portal dedicated to game soundtracks, which is a great idea, given that gaming is a far larger business than music.

Pandora’s doing the same thing. Diversifying, that is. The company has added more comedy and podcast content, in a move that might be too little too late. Notice how little press the company is getting lately?

People can’t tell what fidelity they’re listening to. That’s what an informal study by CNBC says. Only 1 in 3 could identify the hi-res stream in a test that included streams from Tidal, Spotify and Apple Music. I’m not sure if that means the codecs have all gotten better or the basic quality of the tracks have gotten worse (probably a little of both).

Will Google suffer Yahoo’s fate? It wasn’t all that long ago when Yahoo was the search engine of choice, and this article shows how it could also happen to the current king of the mountain.

How Drake conquered streaming. First you conquer social media, then the streaming comes with that, according to this article. Yeah, it also helps when you’ve had success before a great team to work with.

That’s the News Roundup of what went on in the music industry last week. Let’s see what next week brings.