Tag Archives for " vinyl "

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!

Jack White Starting His Own Vinyl Pressing Plant

Third Man Records pressing plantFrustrated with the long wait in to get records pressed, Jack White’s new Third Man Records pressing plant is scheduled to open in February in his native Detroit. The company has installed 8 new energy efficient presses capable of outputting up to 5,000 discs every 8 hours. The company also hopes to add 50 jobs to a city that desperately needs them.

Although the plant is primarily for the releases from Third Man artists, it will also be available for outside work. The company will continue to maintain its longstanding relationship with United Record Pressing in Nashville to handle any overflow.

White is proud of the fact that the plant made every effort to be environmentally sustainable, which includes a closed-loop, chilled-water system that maximizes water sustainability, state-of-the-art temperature control, and noise control of the loud machinery.

There are only 20 record pressing plants in the United States (including Third Man when it comes on line), and just about all plants are currently backlogged by an average of 4 months. Obviously this prevents getting a release quickly to market, which is why Third Man decided to make the rather sizable investment in its own plant.

The major labels actually make up a great deal of the vinyl orders these days, as many new releases also get a vinyl version as well. This makes it very hard to squeeze indie labels and artists into the cue, so at least for the moment, any new plant that comes online should have no trouble finding enough work to keep itself busy.

Music Industry News Roundup For The Week Of 1/6/17

Music Industry News Roundup Happy New Year, and here’s the first Music Industry News Roundup of the year for the week of January 6th, 2017. We’re just coming off a major holiday and things are slowly ramping back up. Let’s see what happened.

The Blackstone Group acquires SESAC. Just think about that for a second. A big investment group now owns a performing rights organization.

SoundExchange could lose a lot of revenue this year. The government collection agency is losing out thanks to direct deals with labels and publishers by Pandora

Chinese giant Alibaba is about to spend over $7 billion on entertainment content. Move over Apple, Google, Amazon and Spotify – you’ve got competition and it has deep pockets.

It looks like Facebook is getting close to their own version of Content ID. That means that content creators can finally get paid for their music and videos playing on the service. Word is that it won’t actually be released until the Spring though.

Indie labels claimed 35% of the market last year. Good news for DIY artists and labels not affiliated with majors, but this is based on rights ownership, not revenue.

A vinyl pressing plant is going out of business. It’s pretty hard to do in this market environment, but Canada Boy Vinyl can’t make a go of it.

YouTube lost it’s dominance to streaming music. People are now finding streaming networks way more convenient than the YouTube experience.

A full-time YouTuber shows how much money he makes.  And of course he does it on YouTube. Doesn’t make all that much, but he’s not a very big channel either.

George Michael Best-Of Sales skyrocket. They improve by over 5,000% in the UK alone.

Speaking of the UK, the biggest album seller last year wasn’t a musical artist. It turns out it was a 56 year old game show host. Well, that’s probably the demo that still buys physical product.

That’s the Music News Roundup of what went on in the music industry last week. Have a great 2017!

Vinyl Buyers In The UK Are Different From The US

UK vinyl buyersAlthough vinyl doesn’t contribute all that much to the bottom line of the music business, it’s still a hot trend and growing at a pretty good rate. That said, a new study in the UK has found that vinyl buyers there are distinctly different from those in the US.

The study by YouGov found that most buyers in the UK are men between the ages of 45 to 54, while in the US, most buyers were under 34. In fact, in the UK Millennial buyers weren’t able to afford vinyl even if they wanted to, while in the US, many of the same age bought the vinyl even if they didn’t own a turntable.

That said, there are buyers like that in the UK as well, as 50% who purchased an album had yet to listen to it a month later, while 41% own a turntable yet never use it, and 7% don’t own turntable.

It turns out that many vinyl buyers are reconstructing their music collections, having sold off their CDs in favor of downloads in 1998 or 99. Obviously, that format isn’t nearly as satisfying as many thought it would be at the time, so the the move to vinyl shouldn’t come as a surprise, if you can afford it.

Most vinyl buyers are avid concert goers and make it a point to support their favorite acts, according to the study. Most also condemn music piracy, although that’s less of an issue these days than in the past.

Perhaps the most depressing part of the study found that most UK vinyl record buyers are lonely, and I guess staying at home listening to your record collection attributes to that. After all, it’s not the most social of daily events, which could be why the album is in dire straights these days as more and more people gravitate to single song consumption.

Game Audio Specialist Alex Benyon On Episode #122 Of My Latest Inner Circle Podcast

Alex BenyonVideo games have huge budgets these days and much of that is dedicated to audio. This week on Episode #122 of my Inner Circle Podcast we’ll talk to Alex Benyon, who’s worked in a variety of audio jobs on huge game titles like Guitar Hero Live, DJ Hero and Call of Duty.

In the intro I’ll discuss a new study that looks at vinyl buyers in the UK, who seem to be a lot different from the U.S., and what I like to call “Fix it before you mix it,” which is all the things that should be fixed before mixing begins.

You can listen to it at bobbyoinnercircle.com, or via iTunesStitcher, Mixcloud or Google Play.

Taishi Fukuyama Of Qrates On My Latest Inner Circle Podcast

Taishi FukuyamaWe all love vinyl and if you’re an artist you’d like to release your next album on it. The problem is the long 6 month+ wait times at the pressing plants and the big orders that you have to place just to get in line.

Qrates.com offers vinyl orders for as few as 100 copies, has a unique online ordering system, and provides built-in crowdfunding for the product as well all on one site. Chief Marketing Officer Taishi Fukuyama joined me on this week’s podcast to discuss the Qrates business model, as well as a little bit about the music scene in Japan at the moment.

In the intro I’ll discuss Deezer’s launch in the United States (finally) as well as Fairlight leaving the audio business (now that’s a piece of audio and studio history).

You can listen to it at bobbyoinnercircle.com, or via iTunesStitcher, Mixcloud or Google Play.