MySpace’s parent company is reportedly in the process of trying to raise $50 million to transform the once booming web destination into a music streaming service that would directly compete with Pandora and Spotify.
Amidst a growing battle over digital broadcast royalty rates, SoundExchange today fired the most powerful gun in it's arsenal: the largest quarterly payments from non-interactive digital music services to artists and labels ever.
If you are a music-lover of a certain age, and it is the age of people who run the world, this is how a typical conversation about your abiding passion goes: you first of all lament the witless banality of reality shows, the ubiquity of Simon Cowell,...
Guest post by Kyle Bylin of sidewinder.fm, a music and tech think tank.
As Spotify moves from the fringes of the tech crowd to the mainstream market, it’s worth reflecting on how the online music service has changed the way many of us listen to music.
Not long ago, we went to great lengths to seek out and purchase albums for our collections. Now, we simply search for an artist on Spotify and add their entire discography to our library. With a single click, we can listen to their songs and not have to wait for a video to buffer or a download to complete. Rather than collect our favorite songs with diligent care, we capture them using the “Like” button with pure ease.
(Curator's comment: Note that this study, by WIMP, states that streaming is growing "as younger users switch from downloads and CD buying to services such as Spotify and Rdio.")
The popularity of streaming services is growing in the Nordic European countries and Germany, with growth in usage also apparently making more consumers willing to pay for access, according to a new survey from Norwegian streaming service WiMP.
The company, which clearly has a vested interest in such claims, says that streaming usage is growing across Norway, Denmark, Sweden and Germany as younger users switch from downloads and CD buying to services such as Spotify and Rdio. Usage is currently highest in Norway, with 61% using a streaming service, versus 56% in Sweden, 35% in Denmark and 16% in Germany. WiMP surveyed 1,000 respondents in the four markets where it is currently active.
WiMP claims that willingness to pay for a subscription "increased in parallel" with the growth in streaming access, with Norway reporting the highest year-on-year growth. A third of Norwegians are willing to pay for streaming, up from 20% last year, though Swedes remain ahead at 36%, having had access to streaming services longer. Meanwhile, 25% of Germans say they are willing to pay, trailed by 14% of Danes.
(UPDATED) Live Nation Executive Chairman Irving Azoff didn't mince words over his feelings about the Pandora Digital Music service during a recent appearance at a media conference. "It’s horseshit. The market cap for Pandora is like $1.8 billion.
Today, in an event in New York, Spotify announced its most recent stats. The high notes in these statistics were the claims of 5 million paying subscribers, 1 million of which are in the US. I beli...
A new report from the International Federation of the Phonographic Industry [IFPI] is arguing that record labels around the world are the biggest investor in artists, and that the majority of unsigned…...
Guest post by Alex May of sidewinder.fm A recent video of an album teaser by Muse quickly separated the fans from the critics. The hatred expressed toward the band erupted over a clip of a song on an album that hasn’t been released yet.
By Eliot Van Buskirk of Evolver.fm. We’ve heard rumors that Apple would start selling high-resolution music — as in “better than CD quality” — for years, but so far, “lossless” has been as good as it gets, and the only way to get it in iTunes is to...
The music industry’s troubles are well documented, hinging on contradictory realities: Music is too free to be expensive and too expensive to be free.
People no longer spend money on music automatically, so promoting it is arguably more important than ever. One approach is to try to “turn your band into a virus.” Let’s take a look at three other proven ways to promote music: merchandise, apps, and location.
Music festivals are more dominant than ever in the concert business, and they're still growing – from Coachella, which brought in a record-breaking $47.3 million gross over two weekends in April, to this weekend's Starry Nights...
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