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Music business
From physical to digital, a complete view of what might be the future of the music industry
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iTunes hit record $2.1bn revenues in Apple's Q1 FY13

iTunes hit record $2.1bn revenues in Apple's Q1 FY13 | Music business | Scoop.it
App Store saw 2 billion downloads in December 2012 alone
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Spotify on course for $200m total revenue for H1 2012

Spotify on course for $200m total revenue for H1 2012 | Music business | Scoop.it
Firm could be set to pay record labels 75% total revenue...
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The Truth About Pandora's Payments to Artists

The Truth About Pandora's Payments to Artists | Music business | Scoop.it
Pandora mounted an effective publicity campaign Tuesday by revealing the big dollars in royalties some artists' songs generate on its service (as opposed to how...
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Kyle Walker's curator insight, July 20, 3:25 PM

Pandora claims they are paying the artist when instead they are paying SoundExchange. I chose this topic because I want to be aware of how payment is met from Pandora to the artist.. Pandora brags about how much major artists such as Drake and McClurkin are getting paid. In reality, artists are making less then half of what Pandora says they are getting paid. 

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Pandora Leads In Mobile Ad Share

Pandora Leads In Mobile Ad Share | Music business | Scoop.it
Ad supported models will be the key driver for mobile music, according to research released recently by eMarketer. In fact, by 2016, ad supported revenues will make up 86% of that marketplace. In f...
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Spotify Ltd financials reveal narrowing losses

Spotify Ltd financials reveal narrowing losses | Music business | Scoop.it
Spotify Ltd's revenues grew from £63.2m in 2010 to 95.5m in 2011, while the company's operating loss fell from £26.5m to £2.1m in the sam...
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Digital music revenues to hit USD22.5bn by 2017

Digital music revenues to hit USD22.5bn by 2017 | Music business | 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%.


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Isaiah Ho Ser Jia's curator insight, July 22, 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.  

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Pandora’s Q2 2013: $101.3M In Revenue, 54.9M Active Users, And A Net Loss Of $5.4M

Pandora’s Q2 2013: $101.3M In Revenue, 54.9M Active Users, And A Net Loss Of $5.4M | Music business | Scoop.it
Internet music service Pandora just announced its financial results for the second quarter of its fiscal 2013. The company posted total revenue of $101.3 million, which was up 51 percent year-over-year.
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Inside EMI's Financials: A Healthy Core Business

Inside EMI's Financials: A Healthy Core Business | Music business | Scoop.it
Though EMI is in the throes of being sold-off, its financials released yesterday show a healthy core business being hit by market valuations that resulted from the winning...
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Global iTunes Revenue Falls in Successive Quarters

Global iTunes Revenue Falls in Successive Quarters | Music business | Scoop.it
iTunes expanded to twelve new markets in Apple's fiscal third quarter but still saw revenues decline, though revenue was still up $400 million from the same period last year....
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Spotify Is Now The Second Biggest Source Of Revenue For Labels

Spotify Is Now The Second Biggest Source Of Revenue For Labels | Music business | Scoop.it

"iTunes is way up here and everyone else is way down here."
But Spotify success is great news for the music industry and legal music.


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Radio Revenues to Steadily Rise, Fueled by Online Surge

Radio Revenues to Steadily Rise, Fueled by Online Surge | Music business | Scoop.it
Over-the-air (OTA) local radio station revenues were relatively flat at $14.1 billion in 2011, up just 0.4% from a year earlier, but are predicted to increase at a faster...
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Pandora's Box: Can Revenues Ever Exceed Content Costs?

Pandora's Box: Can Revenues Ever Exceed Content Costs? | Music business | Scoop.it

"By now the scenario is familiar: a popular Internet-based service that has everything going for it—except profits—executes a hugely successful initial public stock offering."

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Music Industry Can See The Light After ‘Least Negative’ Sales Since 2004

Music Industry Can See The Light After ‘Least Negative’ Sales Since 2004 | Music business | Scoop.it
The music industry enjoyed its best sales performance for eight years in 2011, as CDs’ collapse decelerated, digital sales continued growing and new services were launched to capitalise on in-roads made in combating piracy.
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Norwegian music sales up 7% in 2012, with streaming the key

Norwegian music sales up 7% in 2012, with streaming the key | Music business | Scoop.it
IFPI Norway has published its music sales figures for 2012, and they provide more evidence to support the idea that streaming music can help
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Warner Music Group Expects Improved Revenues In Q4

Warner Music Group Expects Improved Revenues In Q4 | Music business | Scoop.it
When the Warner Music Group reports its financials for the three-month period ended Sept. 30, the company expects revenue to total $721 million to $741 million, an...
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Pandora boss reveals some figures

Pandora boss reveals some figures | Music business | Scoop.it

"Possibly feeling that his company has been tarnished a little by the “streaming services underpay artists” mantra that is wheeled out every few weeks these days, the boss of US-based interactive radio service Pandora, Tim Westergren, has made some claims about how much certain artists are earning from their play on his service."

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Kyle Walker's curator insight, July 20, 6:59 PM

 The Boss of Pandora only discussed rates on top artists but the top 100 is only a fraction of how many artists are out there. He stated that they have better deals because they have more rope to pull. But I don't believe this is fair in the slightest. The artists out their struggling are being recognized but not financially supported fairly. 

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Rumour: Spotify widens losses to USD59m in 2011

Rumour: Spotify widens losses to USD59m in 2011 | Music business | Scoop.it
Spotify\'s losses reportedly widened to USD59m for 2011, down from a net loss of USD37.6m the previous year, according to full-year financials obtained by research firm PrivCo.
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Cost of Spotify's free service cutting into profits

Cost of Spotify's free service cutting into profits | Music business | Scoop.it

Spotify is facing a huge challenge in making enough money from its subscribers to overcome the costs of its ad-funded free music service, according to report from Enders Analysis. The research firm, taking a closer look at Spotify’s potential path to profitability, highlights that Spotify generates a healthy sum selling monthly subscriptions, pulling in gross profits of USD76m last year. However, it spent almost the same sums offering free music as a marketing tool to get users hooked on the service and then convert them to paying.


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Bertelsmann H1 Earnings Rise, Interested In EMI Assets

Bertelsmann H1 Earnings Rise, Interested In EMI Assets | Music business | Scoop.it
Bertelsmann, which owns BMG Rights Management and Arvato, today posted a net profit of $443.95 million on revenues of $9.6 billion for the six month period ended June 30 --...
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Warner Getting Big Gains from Spotify, Pandora, YouTube and other Streaming Services

Warner Getting Big Gains from Spotify, Pandora, YouTube and other Streaming Services | Music business | Scoop.it
Warner Music Group's earnings call unveiled that the company is doing very well when it comes to streaming services, which now account for 25% of its recorded music digital...
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EMI reports pre-tax losses of £349m

EMI reports pre-tax losses of £349m | Music business | Scoop.it
Label boss dismisses impairment charge as 'accounting issue', hailing the results as an 'incredibly strong performance'.
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Is Spotify Labels' #2 Source of Revenue? Probably Not

Is Spotify Labels' #2 Source of Revenue? Probably Not | Music business | Scoop.it
Spotify may be the second-largest digital account for major labels, but streaming is hardly their second-largest source of revenue. In fact, it’s unlikely that any...
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Rdio Working on Plan to Directly Compensate Artists

Rdio Working on Plan to Directly Compensate Artists | Music business | Scoop.it
Music subscription service Rdio is formulating a plan to directly compensate recording artists for bringing it new subscribers, according to a source within the company and...
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Spotify Lost $59M In 2011, Projects $889M Revenue & More Losses In 2012

Spotify Lost $59M In 2011, Projects $889M Revenue & More Losses In 2012 | Music business | Scoop.it
(UPDATED) Spotify co-founder and CEO Daniel EK says that 2012 revenues will top $889 million USD as the music streamer expands quickly into more territories.
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Musical ‘Big Data’ Problem Could Be Depriving Artists of Significant Revenue

Musical ‘Big Data’ Problem Could Be Depriving Artists of Significant Revenue | Music business | Scoop.it

"For nearly 100 years, performing rights organizations have tracked the music played on the radio, then the television, and now the internet. Their goal: to figure out who should get paid."

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