Kill The Record Industry
24.0K views | +0 today
Follow
Kill The Record Industry
Kill The Record Industry / Save The Music
Curated by Pierre Priot
Your new post is loading...
Your new post is loading...
Scooped by Pierre Priot
Scoop.it!

Consumer Spending On Digital Music Fell In 2014 [Yes You Read That Right] | MIDiA Research

Consumer Spending On Digital Music Fell In 2014 [Yes You Read That Right] | MIDiA Research | Kill The Record Industry | Scoop.it
Spending money on recorded music has become a lifestyle choice, an honesty box for the conscientious consumer. No one really needs to pay for music anymore.
Pierre Priot's insight:

This echoes with my "Carsharing With A Millennial" story  - http://bit.ly/1Rh06hO. No one really pays for music anymore. Thus B2C revenue fails to increase, actually decreases. The overall revenue growth is driven by B2B deals, most of those being ad based.

more...
하석훈's curator insight, April 17, 4:59 AM

Just like the radio is 'occupied' by advertisements, most of music industry seems going the same way. Aesthetic-wise, I think this phenomanom will ruin the artistry of music. I want music as music, not as a medium of the advertisements. Growth of B2B or

B2B2C form in music industry will facilitate this phenomenom.

Scooped by Pierre Priot
Scoop.it!

Spotify and Apple Music should let you tip musicians

Spotify and Apple Music should let you tip musicians | Kill The Record Industry | Scoop.it

Apple Music and other streaming music services should take a cue from mobile payment systems like Square and let users offer tips.

Pierre Priot's insight:

We sure need new revenue streams for artists ; but should we rely on Spotify & Apple for providing them?

more...
Shaun Smith's curator insight, October 11, 2015 8:02 PM

This brings a good point out that we as fans are not able to truly show our thanks through direct funding to an artist. Although, I can imagine most people aren't aware how these artists aren't making what they think. With the media attention and the image of these artists you'd think they've hit jackpot right from day 1. Most of their money is made from touring once they've hit it big and have a catalog of tunes for you to demand. Putting money straight into their pockets should've been like buying their CD but then again some "talent" of today is simply a Wizard of Oz facade of writers and producers rather than truly talented artists and musicians.

Aaron Williams's curator insight, November 6, 2015 12:29 PM

Like an earlier article showed us, the artist on these music streaming services aren't being paid a large amount. So this article brings up the idea of being able to tip these artists, we are listening to their songs for free so why shouldn't we be able to show our support and pay them through these services?

Brian Garcia's curator insight, November 11, 2015 10:56 PM

Artists should get more money for their piece of work instead of bring underpaid

Scooped by Pierre Priot
Scoop.it!

RIAA - RIAA 2015 Mid-Year Music Sales and Revenue Numbers Released - September 22, 2015

RIAA - RIAA 2015 Mid-Year Music Sales and Revenue Numbers Released - September 22, 2015 | Kill The Record Industry | Scoop.it

"The data continues to reflect the story of a business undergoing an enormous transition. There are many positive signs: continuing the trend from 2014, wholesale revenues for the first half of 2015 increased. And revenues from streaming music services continue to grow at a healthy double digit rate. The product of music and the extraordinary roster of artists represented by today’s music labels remains in high demand. That is the bedrock of a successful future.

At the same time, intense demand and billions of streams does not always equal fair market rates or a fair playing field. Addressing that is an essential element of fulfilling the enormous promise of today’s digital marketplace.”

 

- RIAA Chairman and CEO Cary Sherman

Pierre Priot's insight:

US digital music revenue is growing, RIAA claims, despite its shift from download sales to streaming.

more...
No comment yet.
Scooped by Pierre Priot
Scoop.it!

The Great Music Industry Power Shift

The Great Music Industry Power Shift | Kill The Record Industry | Scoop.it

The long drawn out demise of recorded music revenue is well documented, as is the story of artists, labels and managers all trying to make sense of a world in which music sales can no longer be counted upon.  But the contraction of recorded revenue has occurred at the exact same time that the live music sector has undergone a renaissance.  The net effect, when coupled with publishing revenue holding its own and  the growth of albeit modest, merchandise revenue, is that the global music industry has largely held its own, contracting by just 3% between 2000 and 2013 (see figure).  Compare and contrast with the 41% decline in (retail) recorded music revenue over the same period.  Indeed it is the 60% growth in live revenue that has done most to offset the impact of declining music sales.

Pierre Priot's insight:

The music industry went through two revolutions over the past 14 years: downloading, then streaming. And yet, its global revenue has been stable. This is a not revenue crisis, its a metamorphosis. 

 

more...
No comment yet.