The global value of the recorded music industry will nearly double over the next five years thanks to the worldwide explosion of streaming – and Universal needs to shake off Vivendi’s ownership to take full advantage.
Top execs at Universal and Warner will be watching Vessel’s progress very closely this week, after they pledged to give the subscription service – which launched yesterday – exclusively ‘windowed’ content before they release it onto Google’s video platform.
The controversy over free streaming is reaching a boiling point reminiscent of the fever pitch before the turn of the millennium, or the end of the Mayan calendar in 2012. Free streaming is being portrayed, by some, as the end of the music business.
New MBW analysis of Sony Music Entertainment’s fortunes suggests that – largely thanks to a mightily strong Japanese Yen – it’s on course to post healthy rises in both revenues and operating profit for its full financial year, which completes at the end of this month.
The “freemium” model used by Spotify to amass 60m users and 15m paying subscribers around the world is facing a new challenge just months after the pop star Taylor Swift yanked her albums from the music streaming service. The Shake It Off singer ...
In another major move into the indie sector, Sony Music Entertainment has agreed to purchase the remaining equity stake in the Orchard from Dimensional Associates, giving the major full ownership of the company.
YouTube has ridden the wave of improving technology, connectivity and consumer sophistication, to become the largest content destination on the planet. Along the way it has ruffled feathers, disrupted traditional businesses, established new ...
There are various methods you can use to define ‘power’ at the biggest companies in the music business. The most traditional, of course, is market share – but this is rarely shown in terms of annual revenue.
The battle over freemium music is intensifying. The Financial Times reports that the major labels – led by Lucian Grainge at Universal Music – are demanding that Spotify places more restrictions on its non-paying customers in a bid to drive them to premium.
The RIAA released its annual recorded music revenue figures for 2014 this past week. The numbers tell the story of changes in the digital music market that have been familiar for the past few years: on-demand music services up, digital radio up, download sales down, CD sales even further down, ringtone ...
Pushed by a surge in revenues from streaming, the US recorded music market grew for the fourth consecutive year in 2014, with wholesale revenues up 2.0% to $4.86 billion. However, revenues at estimated retail value reached $6.97 billion, down slightly -0.5%, marking the fifth straight year of relatively flat retail revenues.
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