Music Business - What's Up?
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Spotify nation: Sweden shows why streaming is future of music

Spotify nation: Sweden shows why streaming is future of music | Music Business - What's Up? | Scoop.it

 

For the first time, streaming is to be included in the UK singles chart. This announcement was followed by reports that digital music sales now account for more than half the UK record industry’s income. But the royalties gleaned from streaming are often the subject of much complaint, most recently with musician Zoe Keating’s publication of the breakdown of her income last year, 92% of which came from sales – US$75,341 – with only US$6,380 coming from streaming services. It is obvious that the music industry is swiftly changing, but the wider effects this may have are unclear.

 

Sweden, as the home of Spotify, is ahead of the UK in the digital music world. We included streaming in our charts in September 2013, and internet-driven revenue – downloads and streaming – accounts for about 70% of the market here. So looking at the changes that have been occurring here may give some indication of the UK’s future.

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Music Business - What's Up?
What's up with the new music industry
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BitTorrent Now streaming app makes the leap to iPhone, Apple TV - TechShout

BitTorrent Now streaming app makes the leap to iPhone, Apple TV - TechShout | Music Business - What's Up? | Scoop.it
While the BitTorrent brand name will forever be associated with illegal downloading, the company has been taking a number of steps to try and shake off thi
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Download sales have fallen 24% in the past year in the US market - Music Business Worldwide

Download sales have fallen 24% in the past year in the US market - Music Business Worldwide | Music Business - What's Up? | Scoop.it
Around 130m fewer downloads were bought in H1 2016 than the same period last year
Catherine Hol's insight:
32% drop in global download income for Universal, 24% fall in download sales generally in the US ... I'm wondering whether the major labels are suffering more than the independent labels?
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Bandcamp Pledges To Continue Music Downloads Following Apple iTunes Store Termination

Bandcamp Pledges To Continue Music Downloads Following Apple iTunes Store Termination | Music Business - What's Up? | Scoop.it
As long as there are fans who want to own, not rent, their music, that is a service we will continue to provide, and that is a model whose benefits we will continue to champion," the service reassured customers.

"Subscription-based music streaming ... has yet to prove itself to be a viable model, even after hundreds of millions of investment dollars raised and spent. For our part, we are committed to offering an alternative that we know works," says Bandcamp, which also takes some digs at competing music delivery services like Spotify and Apple Music.

The company also pointed out that unlike its rivals, it has been profitable since 2012 and that sales of digital albums and individual tracks on Bandcamp both increased by double digits in 2015 despite an overall industry-wide decline in such sales.
Catherine Hol's insight:
Seems like Bandcamp could really benefit if Apple decides to jettison its' download business ...
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The Music Industry Should Thank Apple -- Again -- The Motley Fool

The Music Industry Should Thank Apple -- Again --  The Motley Fool | Music Business - What's Up? | Scoop.it
The music industry still isn't
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Apple's iTunes Suffers as Streaming Sales Surpass Digital Downloads For First Time - Research and Markets

Apple's iTunes Suffers as Streaming Sales Surpass Digital Downloads For First Time - Research and Markets | Music Business - What's Up? | Scoop.it
DUBLIN, March 23, 2016 /PRNewswire/ -- Apple's iTunes Suffers as Streaming Sales Surpass Digital Downloads For First Time - Research and Markets.
Catherine Hol's insight:
Streaming grows but revenue shrinks ... surprise! Not.
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Kickstarter Buys Music Startup Drip in First Acquisition | Androidheadlines.com

Kickstarter Buys Music Startup Drip in First Acquisition | Androidheadlines.com | Music Business - What's Up? | Scoop.it
Kickstarter has been around for a lot longer than people first realize, and in that time - since they were founded in 2009 - the firm has yet to take in an
Catherine Hol's insight:
Didn't see this coming! Great to hear that Drip (needs new name?) is saved ... interesting move by Kickstarter.
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Streaming playlists becoming ‘closed shop' to independent labels - Music Business Worldwide

Streaming playlists becoming ‘closed shop' to independent labels - Music Business Worldwide | Music Business - What's Up? | Scoop.it

The growing playlist scene on streaming services is becoming a “closed shop” to independent labels, that are finding it increasingly difficult to infiltrate the major label-dominated playlists on Spotify, Apple Music et al.


That was a key message from AIM’s annual Indie-Con in London on Friday (Jan 29), which hosted a day of panels debating the health of the independent sector worldwide, featuring execs from labels

including BMG, Play It Again Sam, !K7, Secretly Group and Inertia.

 

Having a spot on an influential playlist can rocket a track up the charts, as was seen recently with Jonas Blue’s cover of Fast Car (Virgin EMI), that shot 58 places to reach #3 on the UK’s Official Singles Chart after appearing on multiple Spotify playlists worldwide. However, those opportunities seem few and far between for the indie sector.


As well as the streaming services’ in-house curated lists, the major labels all have their own regularly updated playlist brands on services such as Spotify and Deezer. Universal owns Digster, Sony owns Filtr and, in 2014, Warner bought Playlists.net and took it in-house.


The big three are said to have inter-company arrangements where they trade spots on each other’s lists, with some management companies doing the same. “It’s a closed shop,” said Marshall. “It’s a fascinating landscape and at the moment it’s quite controlled, it needs to be opened up and made a more level playing field.”


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Who's Crazy Enough To Start A Record Label Today? Ed Sheeran, Miley Cyrus, And Others...Here's Why - hypebot

Who's Crazy Enough To Start A Record Label Today? Ed Sheeran, Miley Cyrus, And Others...Here's Why - hypebot | Music Business - What's Up? | Scoop.it

While for many the idea of a record label has become antiquated and anachronistic, Ed Sheeran, Miley Cyrus, and Jack White appear to disagree. Here George Howard speaks with John Simson (one of the founders of SoundExchange) about the economic incentives, both current and potential, for artists who own their own labels.

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Why aren't people paying for music streaming subscriptions? - Music Business Worldwide

Why aren't people paying for music streaming subscriptions? - Music Business Worldwide | Music Business - What's Up? | Scoop.it

Did you know less than 1% of the world’s population are currently paying for on-demand music streaming services?

 

The wider industry continues to hope that the likes of Spotify and Apple Music will provide salvation – and early signs from the Nordics and other territories certainly provide reason for hope.

 

But why are the vast majority of people refusing to put their hand in their pocket for ‘all the music in the world’?

 

New research out of the US from Nielsen Music brings us closer to the answer.

 

The research company has conducted what it calls ‘a comprehensive, in-depth study of consumer interaction with music in the United States’ for its Nielsen Music 360 Report – analysing the responses of more than 3,300 US music fans.

 

The Report covers a range of topics and provides reason to be cheerful: apparently 75% of US consumers now listen to music online in a typical week, for example.

 

There’s also a shot in the arm for radio.

 

According to Nielsen’s respondents, 61% of people say they discover new music on the wireless today, which has actually increased from the 57% who agreed in 2014.

 

Meanwhile, streaming services, including YouTube, inform 27% of people about new music.

 

That’s less than a third of radio’s influence, but also behind the recommendations of friends and family (45%) and movies / movie soundtracks (31%).

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iTunes, Google Play Music face a surprise rival – an Israeli start-up

iTunes, Google Play Music face a surprise rival – an Israeli start-up | Music Business - What's Up? | Scoop.it
TriPlay’s acquisition of eMusic now makes it one of the largest music services in the world
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I Built a Botnet that Could Destroy Spotify with Fake Listens

I Built a Botnet that Could Destroy Spotify with Fake Listens | Music Business - What's Up? | Scoop.it
Automated streaming is the next frontier of click fraud.
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The Music Industry Desperately Needs A Global Rights Database, But No One Knows Who Will Pay For It

The Music Industry Desperately Needs A Global Rights Database, But No One Knows Who Will Pay For It | Music Business - What's Up? | Scoop.it

Regulators and other entities have been looking to create a new system since 2000, when a group of European collection entities sought to build something called the International Music Joint Venture. Most recently, at the direction of the European Union, a number of performance rights organizations and technology companies worked in Europe to try to create something called the Global Repertoire Database, which would have solved this problem for publishers and the songwriters they represent.

 

But after spending more than $13 million trying to figure out the logistics of such a system, a number of large organizations, including ASCAP and BMI, abandoned the project, effectively putting the Global Repertoire Database on ice. Questions remain about who could pay to maintain a system involved in trillions of transactions every year. A separate initiative, the International Music Registry, which would pay for itself through taxes on transfers of money between performance rights organizations, also is stalled.

 

Music industry stakeholders say creating something that works for everybody will require an unprecedented amount of wrangling and politicking. But as more and more people begin using these kinds of services, that cooperation will become necessary. “The data’s available,” Omnifone founder Sant said during a panel at last week’s Rethink Music forum. “It’s just spread out in thousands of places.”

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Lovell Cooper's curator insight, November 8, 2015 7:51 PM

If we only can get this plan rolling everyone involved will get their due share. 

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Streaming's Poised to Save the Music Business. Now Apple's Ready to Take Over

Streaming's Poised to Save the Music Business. Now Apple's Ready to Take Over | Music Business - What's Up? | Scoop.it
Since its 1998 peak, the music industry has been tanking. Global revenue from recorded music has halved from nearly $30 billion before leveling off to about $15 billion in the past few years. In the United States, recorded-music revenue suffered a similar free fall, cratering in 2011 at $4.5 billion...
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YouTube's dominance takes a beating from Spotify, Apple Music and co - Music Business Worldwide

YouTube's dominance takes a beating from Spotify, Apple Music and co - Music Business Worldwide | Music Business - What's Up? | Scoop.it
New BuzzAngle stats show that audio platforms are now dominating streaming
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Piracy eats up 5.2% of music sales in the EU

Piracy eats up 5.2% of music sales in the EU | Music Business - What's Up? | Scoop.it
In 2014, the European music industry lost 5.2% of its total annual sales to piracy, according to the European Union Intellectual Property Office (EUIPO). EurActiv Spain reports.

A recent report has revealed that CD piracy cost the EU’s music industry €57 million in lost sales in 2014, while digital piracy cost the industry €113 million. These figures are equal to 2.9% and 8.8% of total sales respectively.
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Adele Net Worth: 5 Fast Facts You Need to Know

Adele Net Worth: 5 Fast Facts You Need to Know | Music Business - What's Up? | Scoop.it
Adele is worth an estimated $125 million thanks to the success of her last two albums, 21 and 25.
Catherine Hol's insight:
Avoiding streaming her latest album has paid off handsomely for Adele:
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5 Takeaways From the IFPI's Country-by-Country Report on the Global Record Business

5 Takeaways From the IFPI's Country-by-Country Report on the Global Record Business | Music Business - What's Up? | Scoop.it
Dig into the IFPI’s Global Music Report and you’re likely to find reasons for optimism and concern about the global music business. Some markets are thriving; other markets seem to be in jeopardy of falling behind.
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High Definition Vinyl Will Soon Become a Market Reality

High Definition Vinyl Will Soon Become a Market Reality | Music Business - What's Up? | Scoop.it
The ‘HD Vinyl’ name is a working title, though the basic idea is this: instead of the manual and time-consuming process currently used for creating vinyl LPs, the ‘HD Vinyl’ process involves 3D-based topographical mapping combined with laser inscription technology to more quickly generate a far superior product. Not only will the end product be vastly improved, but the time required to produce the LPs will also be radically reduced.

“…you don’t need to buy a new system…”

The result is a record that looks like the LPs being sold today, and more importantly, plays like them. According to the companies involved, the HD Vinyl disc will play on all currently manufactured turntables, though enhanced features will be better realized on upcoming, HD-compatible turntables. “This is a completely backwards-compatible technology,” said Guenter Loibl, Rebeat CEO. “It will play on any existing turntable, you don’t need to buy a new system to enjoy the benefits.”
Catherine Hol's insight:
This is awesome! HD vinyl.
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TheJazz Preservation Society's curator insight, March 23, 12:39 PM
This is awesome! HD vinyl.
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RGU researchers transform online music discovery | News | October 2015 | Robert Gordon University (RGU) Aberdeen, Scotland

RGU researchers transform online music discovery | News | October 2015 | Robert Gordon University (RGU) Aberdeen, Scotland | Music Business - What's Up? | Scoop.it
Online music users are to benefit from a pioneering new way of discovering lesser known artists and songs developed by researchers at Robert Gordon University (RGU).

Researchers from RGU’s Smart Data Technologies Centre and the School of Computing Science and Digital Media have introduced a new approach to online music recommenders based on a more comprehensive form of social tagging that learns from both human tagging and audio content.

 

The new recommender exploits the combined knowledge from audio and tagging to extend a track’s social tagging by adding tag-based knowledge from similar music tracks.

 

Professor Craw continues: “We conducted an online study with real users as well as a larger experiment using Last.fm user data. Both show that our new recommender system provides better quality recommendations than when only social tags are used, and increases the discovery of new, unknown and niche music.

 

“This approach of using information from similar songs may offer opportunities to improve other online services such as image browsing, movie recommendation and online shopping.”

 

The new approach has been developed by Professor Susan Craw, RGU Research Fellow Dr Stewart Massie, and Dr Ben Horsburgh who previously had been a Computer Science undergraduate, PhD student and research fellow at RGU, and is now a senior data scientist at Tesco PLC.

 

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Radio 6 Music scores highest ever figures for digital only station - Independent.ie

Radio 6 Music scores highest ever figures for digital only station - Independent.ie | Music Business - What's Up? | Scoop.it
The once-doomed BBC Radio 6 Music has achieved the highest ever listening figures for a digital only station in the UK.

 

Earmarked for closure and then reprieved six years ago, the station has now reached a new milestone, according to the BBC, after the latest figures were released by audience research body Rajar.

 

With 2.202 million listeners per week, up from a previous record of 2.19 million in the last quarter and 2.08 million in the same period in 2014, the station reached both its own record listening figure as well as the highest listening figure a digital only station has achieved in the UK since Rajar analysis began.

 

In early 2010, when 6 Music was threatened with the axe its audience stood at 695,000. But the proposed closure - rejected by the BBC Trust - had the effect of boosting its profile and its audience.

 

The station's Steve Lamacq pulls in 1.08 million listeners, Lauren Laverne gets 875,000 listeners, and Jarvis Cocker gets 305,000 listeners, a spokeswoman for the station said.

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How 'the Blockchain' Could Actually Change the Music Industry

How 'the Blockchain' Could Actually Change the Music Industry | Music Business - What's Up? | Scoop.it

The blockchain is a decentralized system, with no single entity controlling it. The servers keeping its backbone upright are scattered across the globe, and for that reason the technology is transparent; everyone can see its anonymized data. It could also replace notaries, as every transaction is time stamped automatically and receives a unique ID. No exchange rates apply either, because cryptocurrencies are oblivious to borders. And because there are no intermediaries involved, monies are transferred instantly.

 

Two companies, both still in development, show the technology's potential for the music business. PeerTracks, which plans to launch in about two months, plans to use the technology to create a type of artist equity trading system. Another, Ujo ('container' in Esperanto, the international auxiliary language made semi-infamous by William Shatner) is building a system designed to address two major problems in global royalty distribution and licensing.

 

 

 

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Forget What Ya Heard, Radio Isn't Dead Yet

Forget What Ya Heard, Radio Isn't Dead Yet | Music Business - What's Up? | Scoop.it

Apparently, Americans still feel right at home with the radio dial. According to Nielsen, 91.3 percent of people over age twelve still listen in every week.

 

Seriously? What about all this big-time streaming radio? Spotify? Pandora? Satellite radio? MP3s?

 

Well, “on-demand” streaming radio is rocking it, with 54 percent of people streaming more music last year than in 2013. Altogether, 59 percent of people listen to both streams and traditional radio for their tunes. But streaming, satellite radio and MP3s have by no means knocked out AM/FM airwaves.

 

Of course there are a few caveats. The car is the primary place for radio, driving 25 percent of Americans’ listening time. It just feels right to listen to radio in the car, and no other listening format has the ubiquity of the car stereo. As far as new(er) music on a casual, on-the-fly-level, radio’s got it—for free. Fifty-one percent of people use radio to discover new stuff (but they don’t necessarily buy it).

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Apple Music, YouTube Red Mark a Momentous Week for Digital Music

Apple Music, YouTube Red Mark a Momentous Week for Digital Music | Music Business - What's Up? | Scoop.it
The week of October 19 is the week digital music met its future. Long dominated by early entrants and standalone companies, the music subscription market was rocked by the world's two largest technology companies, Apple and Google.
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£200,000 to boost UK independent music companies' global reach - BelfastTelegraph.co.uk

£200,000 to boost UK independent music companies' global reach - BelfastTelegraph.co.uk | Music Business - What's Up? | Scoop.it
The Music Export Growth Scheme has granted a further £200,000 to UK-based independent music companies.
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The Music Industry Desperately Needs A Global Rights Database, But No One Knows Who Will Pay For It

The Music Industry Desperately Needs A Global Rights Database, But No One Knows Who Will Pay For It | Music Business - What's Up? | Scoop.it
Music industry stakeholders agree on the need for a global rights database, but building and maintaining one won't be cheap.
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