Here’s the Music Industry News RoundupÂ for the week of December 23rd, 2016. Surprisingly enough, there’s a lot of music business-related and social news this week, despite the Holiday season.
iHeart Radio is in big financial trouble. Radio is dying in general, and a few years ago when the hedge funds bought inÂ they didn’t realize that fact. The company probably won’t change much because of the problems (at least in the short term) but the investors will take a haircut soon.
Apple Music is trying to become more than a streaming platform. It’s now more of a quasi-label, offering lots of promotion in addition to streaming. This interview with two Apple Music execs is revealing.
Not to be outdone, YouTube is quietly beefing up promotion for some artists as well. Not that it helps the indie artist much, but you can see where all this going. [subscription required]
There are indie artists making it on streaming alone though. Yes, it’s not only possible, but this article outline a number of indie artists in different countries with massive streaming numbers.
The VR revolution is here, but it has yet to break with consumers. Many think that this will change in 2017, but the consumer uptake so far is disappointing, and understandable.
Dance music hit a big speed bump in 2016. This article outlines 11 things that broke the hearts of EDM aficionados.
The album cycle is pretty much dying, with Drake the perfect example of the new singles paradigm. But playlisting plays a big part in streaming success as well, and this interview with Spotify’s Troy Carter is enlightening.
Streaming is changing music again, finally making the Long Tail concept viable. This Harvard Business Review article shows how streaming is turning the music industry into a singlesÂ business, and is killing the album. Oh, and more people are listening to music other than the hits along the way.
Streaming apps aren’t keeping pace, and user experience is the thing to concentrate on. Industry analyst Mark Mulligan makes a number of good points about music falling behind in engagement to non-music apps like Snapchat, Instagram and Buzzfeed.
Twitter is toast, according to one financial analyst. The company is experiencing plateaued growth and a brain drain, and the stock is expected to take a dive soon.
Finally, Facebook is correctingÂ its metrics for ad reach, streaming reactions, Likes and Shares. It looks likeÂ the numbers we were seeing weren’t really true after all. If you advertise on Facebook, you should read this article before placing another ad.
That’s the MusicÂ News Roundup of what went on in the music industry last week. Let’s see what nextÂ week brings.