Here’s the Music Industry News RoundupÂ for the week of December 16th, 2016. There are a lot of interesting news items againÂ this week (more than usual for so late in the Holiday season), so let’s get right into it.
Global music grew by a billion dollars in 2016. That’s a big deal because it was at $15 bil last year, and this year it’s at around $16 billion – a significant upswing. The big question – how much will actually trickle down to artists and songwriters?
Almost every country except Japan saw some growth. Japan is still tied to physical product by both customs and laws, so it hasn’t really experienced digital music yet. Good news for the rest of the world though.
Pandora is now open to selling to SiriusXM. This might be good for Pandora, but not so much for Sirius. Does Sirius even care? Do you?
Apple should by both Sirius and Pandora. This Barron’s article makes a case for it. I can see the Sirius part, but not Pandora, since Apple Music is doing just fine without it. Subscription required.
The music industry is asking president-elect Trump to get tough with pirates and YouTube. No idea how this will go down, but it’s worth a try.
YouTube is about to pay a lot of back royalties to publishers. Not only that, it provides more protection and opportunities to make more money. Too little too late?
YouTube still has a lot of unclaimed royalties. Although the above deal might take care of most of that. Can some of it be yours?
Elton John is both for and against YouTube. The superstar rails against the platformÂ for inadequate copyright protection, then turns around and signsÂ an exclusive deal with it. Talk about mixed messages.
Fashwave is the new music of the alt-right. Fash stands for “fascism” and the music is Synthwave, mostly out of Sweden. The artist’s music is co-opted and they have nothing to do with the movement, but what’s happened to it is pretty creepy.
This app makes all songs into Christmas songs. Can’t get enough Christmas carols? Then this might be for you.
Radio has forgotten about Millennials. It figured that it lost them to downloads 10 years ago and hasn’t worried about them since. Since like an opportunity lost.
The high-powered Irving Azoff is suing a large radio association. He’s trying to get more money for artists from radio play, but after 2 years there’s been no movement.
That’s the MusicÂ News Roundup of what went on in the music industry last week. Let’s see what nextÂ week brings.