Tag Archives for " Record Store Day "

Music Industry News Roundup For The Week Of 4/28/17

Music Industry News Roundup Here’s the Music Industry News Roundup for the week ending on April 28th, 2017. There was a wide variety of news stories this week, from streaming struggles to hardware development to streaming royalties to radio. Let’s get into it.

Spotify has acquired the blockchain startup Mediachain Labs. The company wants to use blockchain technology to help with attributing streams to the correct owner, a problem that its been having for some time.

It’s also developing its own hardware. Reports are that Spotify wants to have its own version of Amazon’s Echo wireless speaker.

Streaming music is booming, so why is SoundCloud struggling? A look at why the service is losing its successful artist customers, and its valuation.

The Global Jukebox displays cultural data. It’s a very cool interactive representation of the music of the world. Take a deep dive into the data.

The music industry had a big year, but it could have been better. Income (or lack of it) from YouTube is still hampering the recovery process.

A look back at Record Store Day. Its founders take a look at how it all started, and answer the critics about why its going corporate.

The top 1% of artists make most of the revenue from recorded music. No surprise there, but the amount (77%) really is.

UMG has fewer employees than 10 years ago. That’s even after acquiring EMI. There seems to be a new round of layoffs every time you turn around even though the company is worth more today ($22 billion) than ever.

iHeartRadio will probably enter bankruptcy. It’s carrying way too much debt and bankruptcy may be the only way to turn its financial hardship around.

Radio stations have to have a studio on-site. It’s an FCC rule, but since we all work in the cloud today, an outdated one that needs changing.

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 11/11/16

Music Industry News Roundup Here’s the Music Industry News Roundup for the week of November 11th, 2016. The news was rather slow this week, probably due to the election. That said, there’s still plenty of news, especially on the record label front. Let’s get into it.

Universal Music’s streaming revenue has topped $1 billion this year already. And streaming is just getting going. The problem is, how much of that is trickling down to the artist and songwriter?

Sony Music wants the crown as the biggest. So it’s planning more acquisitions this year. Check out the executive slide show that Music Business Worldwide managed to get.

Sony’s streaming income increased as well. Not as much as Universal, but growing nonetheless.

Capitol Records celebrates its 75th anniversary. It drops a unique anniversary collection series of 75 albums by some of it’s greatest artists, including The Beatles, Sinatra, Coldplay, Katy Perry and many more.

Facebook is morphing into a next generation media company. That’s the only way left to grow, according to analyst Mark Mulligan, but there seems to be a clear vision on the way forward.

Record Store Day is expanding to Black Friday. New releases coming from Jimi Hendrix, Run-DMC, Bob Dylan and South Park.

Vevo let users turn music videos into GIFs. YouTube’s biggest competitor rolls out a new feature. I don’t think that anyone will particularly care.

The iPod launched 15 years ago last week. Boy, it changed a lot and here’s how.

9 things we learned about the future of the music business. Don’t know if I agree with them all, but they’re worth considering.

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

Record Store Day May Have Peaked

Record Store Day PeakedSince 2008, Record Store Day every April has been a huge hit. In fact, many in the music industry feel that it’s been a big reason for vinyl’s resurgence, calling attention to a side of the business that had been essential dead and buried and has now returned to a level of surprising growth. Even though the latest Record Store Day a couple of weeks ago was proclaimed the biggest ever, there’s evidence that we might’ve seen its peak.

One of the best things about RSD was that the small Mom & Pop record store was celebrated, but this time many of these stores refused to join in the festivities because they now feel it’s been totally co-opted by the major labels.

The reason is that in order for a store to officially participate in the event, they are forced to purchase a slew of “official” new vinyl releases, which they’re not able to return if unsold. This has imparted an undue financial burden upon already cash-strapped stores which many are now unwilling to take.

While many vinyl fans do look for new or re-released titles, most record stores make their living on used or early edition releases, and find that new vinyl just doesn’t sell in the quantities that the labels require them to take for the event (the big indies are complicit here too).

Small indie labels and artists are also upset too, in that the major labels tie up all the vinyl pressing plants for months prior to RSD, so they’re not able to have new vinyl ready for the event.

So like with so many other movements that start off with the best intentions, Record Store Day has been co-opted by big business, and as a result will soon cease to be the event that it once was. Let’s hope that the indie record stores find other ways to maintain their visibility so they can still stay in business.

Prince Passes, Record Store Day and Songtradr CEO Paul Wiltshire On My Inner Circle Podcast

Paul WiltshireAs those of you who are songwriters or copyright holders know, you make money when people use your songs, especially on television, films or commercials. It’s not easy to get placement though, but it’s getting easier thanks to Songtradr, a marketplace that matches songs and cues to people and brands who are looking for them.

Paul Wiltshire’s the founder and CEO of Songtradr and he’s my guest on this week’s podcast. Prior to coming up with the idea, Paul was an award-winning songwriter and producer in Australia, and he’s also had some big successes in the US with the likes of the Backstreet Boys, so he knows what it’s like to be on the creative end of things.

In the intro I’ll take a look at a part of Prince’s legacy that not many see, his business acumen that changed the music industry in many ways. I’ll also give you a report on the backlash by record retailers at what was once their biggest day of the year – Record Store Day.

Remember that you can find the podcast at BobbyOInnerCircle.com, either on iTunes, Stitcher and now on Mixcloud and Google Play