Happy New Year, and here’s the firstÂ Music Industry News RoundupÂ of the year for the week of JanuaryÂ 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.
People are now finding streaming networks way more convenient than the YouTube experience.
A full-time YouTuber shows how much money he makes.Â Â 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 MusicÂ News Roundup of what went on in the music industry last week. Have a great 2017!