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Why Twitter Is Getting Into the Music Discovery Business...

Why Twitter Is Getting Into the Music Discovery Business... | Internet's influence in Music | Scoop.it
So why is Twitter getting into the music business? In a word, advertising.

Via Doug Davenport
Eduardo Cortes's insight:

Twitter is now adding music to the platform to make people stay more time on it. This will help positively artists get exposure, publicity, even though it wasn't Twitter's actual intention.

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Doug Davenport's curator insight, April 18, 2013 7:45 PM

...Twitter Joins The Party...

Doug Davenport's curator insight, April 18, 2013 7:45 PM

...Twitter Joins The Party...

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Rescooped by Eduardo Cortes from Music business
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10% Of All Digital Music Sales Come From One App

10% Of All Digital Music Sales Come From One App | Internet's influence in Music | Scoop.it
By Eliot Van Buskirk of Evolver.fm. Are you in a band? You should probably make sure Shazam has your music in its system, because according to the company’s figures, it generates one out of every ten digital song sales on the planet.

Via Jérôme Rastoldo
Eduardo Cortes's insight:

Artists are re-gaining profits from their music through the Shazam App. This causes the Internet sales to go up, which is very beneficial in these days when online piracy is going on.

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Rescooped by Eduardo Cortes from The New Business of Music
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A New Way for Musicians to Make Money on YouTube

A New Way for Musicians to Make Money on YouTube | Internet's influence in Music | Scoop.it
TuneCore says it can help indie artists find "buried treasure" in licensing fees when their songs show up in YouTube videos

Via Voyageman Productions
Eduardo Cortes's insight:

A software called Audiam was developed to work with YouTube, to pay the respective revenue to artists which work were used without permission. This allows artists to work around piracy, and still have some profits.

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Rescooped by Eduardo Cortes from ...Music Business News...
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Why Twitter Is Getting Into the Music Discovery Business...

Why Twitter Is Getting Into the Music Discovery Business... | Internet's influence in Music | Scoop.it
So why is Twitter getting into the music business? In a word, advertising.

Via Doug Davenport
Eduardo Cortes's insight:

Twitter is now adding music to the platform to make people stay more time on it. This will help positively artists get exposure, publicity, even though it wasn't Twitter's actual intention.

more...
Doug Davenport's curator insight, April 18, 2013 7:45 PM

...Twitter Joins The Party...

Doug Davenport's curator insight, April 18, 2013 7:45 PM

...Twitter Joins The Party...

Rescooped by Eduardo Cortes from Music business
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Paid Music Downloads Are Declining… But Why?

Paid Music Downloads Are Declining… But Why? | Internet's influence in Music | Scoop.it

"Paid downloads, the songs people pay for individually the way they do with CDs, have officially stopped their ascent. According to Nielsen SoundScan data, digital song sales dropped 2.3 percent over the first half of 2013 over the same period last year. In terms of the straight numbers, music fans purchased 698 million song downloads in the first six months of last year, and only 682.2 million this year."


Via Jérôme Rastoldo
Eduardo Cortes's insight:

Paid music downloads are dropping because of streaming services. This is causing artists to lose earnings on their work, so it feels like songs aren't owned by the artist anymore, which is clearly harmful for the artists' careers.

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Rescooped by Eduardo Cortes from ...Music Business News...
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1 Billion Songs Legally Downloaded in the UK...

1 Billion Songs Legally Downloaded in the UK... | Internet's influence in Music | Scoop.it
All-time legal music downloads in the UK have just hit 1 billion, led by everyone's favourite heart-weary North Londoner.

Via Doug Davenport
Eduardo Cortes's insight:

Nowadays most of the tracks bought are bought online, which doesn't mean piracy has disappeared.

 

Pros:

- Artists are recieving the deserved credit for their work.

- Artists are recieving the revenue on this sales.

- Easier international reach.

 

Cons:

- Artists have less physical sales, which means the will get less profit out of their sales (downloads are cheaper).

- As these online purchases are legal, they are also easy to copy and distribute easily.

- Songs lose quality when digitally converted.

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