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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!
Here’s the music industry news roundup from the last week. There’s much more diverse news than previous weeks, but streaming continues to dominate the conversation.
Taylor Swift is the highest earning celebrity. The thing is, she didn’t get that way from selling music. She learned early that it’s the brand that sells.
Elizabeth Warren has it in for music monopolies. She has her eye keenly on Apple, Google and Amazon. This is not the person to have angry with you, regardless how large the enterprise.
Spotify’s trying some hosted radio shows. It seems like Apple Music’s Beats 1 is making an impact, so Spotify’s trying something similar, but without the big name DJs.
Spotify looks to go public this year. In related news, 5 sources have stated that the company will file an IPO soon. I bet the investors are happy at the prospect of getting some money back, but what will the market say?
Sirius XM subscribers pass 30 million. Everyone thought that the satellite business was dying, but that’s not the case at all. You know what? It’s all about the programming (something that terrestrial radio should learn).
Pandora is teetering. The major shareholders aren’t happy and they’ve brought in a high-powered consultant to explore a sale.
Artists not seeing much from secondary ticketing. Not much of the money made by Stubhub, Viagogo or Ticketmaster seems to be making its way back into the pocketbooks of the artists. Isn’t this a bigger issue than YouTube royalty rates?
Selena Gomez social media posts are worth $550,000 a piece. Astonishing but apparently true, Ms Gomez ranks #1 with sponsors who are willing to pay to be included in her posts.
Nielsen’s mid-year charts. Drake, Adele, Rhianna dominate. No surprises here except for Bowie’s Blackstar being the #1 vinyl album so far (but with only 57,000 copies sold). Sales are still falling, with Adele’s 25 leading the pack with only 1.4 million in sales.
That’s the News Roundup of what went on in the music industry last week. Let’s see what next week brings.
This week’s guest on my Inner Circle Podcast is Rick Barker, who helped launch the career of Taylor Swift as her first manager. In the interview, Rick provides an overview of how Taylor became such a huge star, and gives us some insights into how the music business has changed since she hit the scene.
Rick is now is the social media mentor on American Idol, and offers a great Social Media For Music video full of tips and tricks on how to use Facebook, Twitter and YouTube to help you promote your music. Rick is cutting edge in this regard, and taught me a few things I didn’t know myself.
In the intro I’ll take a look at how the record labels are now changing their marketing strategy away from the short product release window to a “continuous loop,” and how the fifth Beatle Sir George Martin changed the finances of the music business.