Kill The Record Industry
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Kill The Record Industry
Kill The Record Industry / Save The Music
Curated by Pierre Priot
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Vinyl Generates More Revenue Than YouTube Music, VEVO, SoundCloud, and Free Spotify COMBINED - Digital Music News

Vinyl Generates More Revenue Than YouTube Music, VEVO, SoundCloud, and Free Spotify COMBINED - Digital Music News | Kill The Record Industry | Scoop.it
  Vinyl sales have been surging for years.  But now, the oldest format on the market is generating more revenues than all ad-supported on-demand streaming music services,...
Pierre Priot's insight:

Yet another perfect demonstration of real numbers telling a fake story.

$221M is the total amount of US vinyl ; only a small piece of that pie will bring revenue to copyright holders when stores, distributors, labels... have taken their share.

The other figure is free streaming royalties revenue, which is ridiculously low compared to the actual ad revenues driven to digital services (hint: billions).

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Cy Queen's curator insight, September 26, 2015 2:41 PM

Are you making sure to ad Vinyl to your marketing efforts?
Looks like you REALLY should!

John Joseph's curator insight, October 7, 2015 2:36 AM

Vinyl is beating all these services on the market and that is amazing considering how much all these services like YouTube and Spotify make annually.

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Why No One Knows How Much Money Musicians Are Making Now

Why No One Knows How Much Money Musicians Are Making Now | Kill The Record Industry | Scoop.it
In the digital music era, complicated and outdated copyright law as well as private negotiations have made it difficult see how much is really going back to the people making music.
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An alternative Christmas message to the music industry from Lohan Presencer

An alternative Christmas message to the music industry from Lohan Presencer | Kill The Record Industry | Scoop.it

In ten short years, music has gone from being valued and paid for to being commoditised and free. Industry revenues have declined from $30bn to $15bn. Profits have been even harder hit.

We in the business only have ourselves to blame. And long-term the trend looks dire. Add Spotifiers to YouTube’s one billion users to countless millions using other free music services, and what do you get? A generation who’ve never paid for music.

Pierre Priot's insight:

Lohan Presencer speaks words of wisdom, especially the "generation who’ve never paid for music" part.

Bringing back that generation to pay for music will be the toughest part of the job!

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Digital music revenues to hit USD22.5bn by 2017

Digital music revenues to hit USD22.5bn by 2017 | Kill The Record Industry | Scoop.it

Subscription services will boost digital music revenues by 15% per year on average to reach USD22.5bn by 2017, according to a new report from Ovum, as firms such as Pandora, Spotify and Rdio will help the overall music industry towards growth. Specifically, Ovum sees tie-ups with mobile operators and other service providers boosting subscription revenues, with bundled deals helping streaming revenues to grow at a compound annual growth rate of 46%.


Via midem, Jérôme Rastoldo
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Isaiah Ho Ser Jia's curator insight, July 22, 2014 12:43 PM

It is estimated that by 2017, digital music revenue will reach USD 22.5bn due to subscription services which will boost revenue by 15% per year on average. 

Some examples of such international services are Spotify, Deezer, Rdio, Rhapsody, showing the competitiveness of the digital music platforms. Additionally, they are also competing with the growing number of local services  such as Smify in Germany and Saavn in India. 

However, this article is mostly predictions as it is a format that can be easily bundled by service providers, as well as offered directly resulting in increased  penetration of subscriptions around the world. Hence, although subscriptions are able to help increase the likelihood of having more penetration to increase the revenue, it cannot be said for certain that the revenue will hit 22.5bn in 2017.