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Rescooped by Robert Andrade from New Music Industry
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Stat Of The Week: 61% of Universal Music Group’s revenue comes from local artists

Stat Of The Week: 61% of Universal Music Group’s revenue comes from local artists | Music industry | Scoop.it
“Why major music companies are thinking local like never before…”
Via Midem Team
Robert Andrades insight:
I think that this totally makes sense. People love tings more when they feel their involved. I think touring and making appearances are important because of this reason. So people being more invested in their local artist makes sense. Their closer and feel like their a part of the artists life. This seems to be a good source of information. The author is names. The sources are linked. The date published and the credentials of the websites and writers are there. I think many people go to this website for information. It appears to. Be very reliable and has the data to back it up.
lukeraney123@gmail.com's curator insight, August 21, 5:33 PM
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lukeraney123@gmail.com's curator insight, August 22, 5:05 PM
This Stat proves that Most of the local artists receive more of the revenue for those who are the local artists. I think that it is a good idea that local artists are receiving more money in the industry. 
Rescooped by Robert Andrade from New Music Industry
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Elon Musk Neuralink Startup – Stream Music 'Directly Into Your Brain'

Elon Musk Neuralink Startup – Stream Music 'Directly Into Your Brain' | Music industry | Scoop.it
“Elon Musk's Neuralink startup will allow users to stream music directly into their brain. Musk will reveal more information about the technology next month.”
Via Midem Team
Robert Andrades insight:
I think streaming music directly into your brain would be a hard thing to accept. I’m not saying it will never happen, but it’s definitely something to get used to. Honestly I’m not sure if this would help the music industry. It might raise the amount consumed but it just might make another difficult issue to be resolved when it comes to the streaming numbers and how to correctly pay the artists. The source seams very trust worthy. There’s many direct quotes and the writer of the articles is names and was their accusation is. It doesn’t take as side at all and just states facts and quotes from Musk himself. Id say that this might be something that music industry people would get good facts from but i guess it just depends on the person. Some people would just disregard this and some might see this as something to keep an eye on for the future.
Nathan Elbert Dovel's curator insight, July 25, 10:47 AM
I included this article to be the pinnacle in the idea of Technology in the Audio Production/Music business. It sounds like sci-fi, yet here it is. Elon Musk as well, no surprise there as he is certainly a futurist. I think it was well written and thought-provoking. 




Though not recognized for any journalism awards or accolades, the credibility of this source seems viable to me using the evaluation guide. I would say this is a great resource for music-related news. 
Suave's curator insight, September 20, 8:23 PM
This is going to be interesting, being able to stream music straight too your brain sounds exciting. This article was written by Ashley king posted on July 21st 2020, on digital music news website.This neuralink is going to change the world of music, and the way we feel when we listen to music. 
Rescooped by Robert Andrade from Hot topics in the music industry
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Music streaming surpasses CD sales worldwide for the first time - News

Music streaming surpasses CD sales worldwide for the first time - News | Music industry | Scoop.it
“ [Photos by: Pexels] While one might already assume it's the case, it looks like streaming has finally surpassed CDs as the largest music format worldwide, according to a new report from the International Federation of the Phonographic Industry. Read more: Apple to shut down iTunes music downloads Per the IFPI's annual data, the global recorded music market grew 8.1 percent in 2017, as reported by Digital Music News. Indeed, artists are releasing more music than ever, and technology hasn't really changed our musical tastes, but one thing has changed: For the first time ever, streaming music revenue has topped sales from any physical formats. Yep, subscription music services' streaming revenue rose over 41 percent last year, to $6.6 billion, all of which makes up 38 percent of the total global market for recorded music, as noted in the IFPI Global Music Report 2018. And, of course, the sales of physical music media remain on the downslide. As it stands, they reportedly account for only 30 percent of the total global music take, down 5.4 percent from the previous year to $5.2 billion in 2017. Even music downloads saw a sharp decline in sales, falling 20.5 percent to $2.8 billion. And that may be a huge factor in Apple's recent decision to shut down all music downloads on the iTunes Store within the next year. Overall, the IFPI's calculated total revenue for all sales in 2017 lands at just 68.7 percent of the music market's peak in 1999. Will CDs eventually see a total takeover by streaming products? It looks more likely every year. Do you still listen to CDs or other physical music media? Do you still buy music downloads? Sound off in the comments. The Global Music Report 2018 is out now. For the definitive snapshot of the recording industry worldwide today head to https://t.co/5ymX70VLNM#GMR2018 pic.twitter.com/HJTzeT7S2E — IFPI (@IFPI_org) April 24, 2018 Watch more: Nikki Misery's miserable makeover TAGS: stream spotify technology tech apple music music streaming streaming media streaming music tech news RECOMMENDED ”

Via Josh Lacy
Robert Andrades insight:
As we move farther and farther into the future, the way we consume music will change. Music is a form of art and art is always changing and taking new shapes. I think that altpress is a good source of information. There’s names of the people who wrote the articles, there’s links to the sources of their information, and the qualifications are all there. I think that this websites is a pretty big source for people in this industry. Many people read their articles and their information is reliable.
Josh Lacy's curator insight, May 19, 2018 12:46 PM
According to this article written by Phillip Trap, 2017 was this first year that streaming surpassed cds as the largest music format worldwide. As a whole the recorded music market grew by 8.1%. Subscription music services grew by 41% to 6.6 billion which made up for 38% of the total market. Cds fell 6% last year to 5.2 billion but still holds strong and makes up 30% of the total market. 

I think this is a reputable source because the author is noted and the site seems legitimate. 

I think that think is a major informational source for industry professionals because the numbers could mean that the industry is growing in the coming years.
Michael Fluharty's curator insight, May 24, 10:38 PM
I believe that this was bound to happen because it is much easier and cheaper to stream music rather than buying a physical copy. This source proves to be reliable due to the fact that it has cited all of its sources. I believe that this source is a major informational resource.
Rescooped by Robert Andrade from It's just the beginning
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Music Discovery Rises in Popularity Amid Pandemic, Study Finds

Music Discovery Rises in Popularity Amid Pandemic, Study Finds | Music industry | Scoop.it
“ According to Billboard and Nielsen Music/MRC Data’s survey “COVID-19: Tracking the Impact on the Entertainment Landscape””
Via Vincent Castaignet
Robert Andrades insight:
I think if anything good come out of this pandemic, it would be the numbers in the entertainment industry. Music is a calming and relaxing source and it helps many people feel through their emotions. It’s only natural that the music industry has benefited from this virus. This sight seems to be very reliable. It gives the name of the writer and the source of the information. All people involved are credited and gives specifics from where the base information derived from. I’d say this this would be something that someone for the music industry would use as a source for information and insight.
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Rescooped by Robert Andrade from Hot topics in the music industry
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Streaming Music Helped The Music Industry Grow By Double-Digits In 2017

Streaming Music Helped The Music Industry Grow By Double-Digits In 2017 | Music industry | Scoop.it
“ How much money was poured into the music industry in 2017? A lot more than has been for many, many years.”
Via Josh Lacy
Robert Andrades insight:
The fact that streaming has become a huge part of how we consume music is incredible. It’s easy, its simple, and its quick. As far back as we can document, human kind has strived to find the easier, better, and quickest way of doing everything. It’s in our DNA, and this topic only proves it more. I look forward to how the music industry will benefit more as we improve ourself Ana’s technology. The website that this information is from seems to me to be very reliable. It give the name of the the person who wrote the article, it give his credentials, and it gives his sources. I think this article would help many in this industry. It proves that its reliable and its trustworthy.
Josh Lacy's curator insight, May 16, 2018 10:49 PM
This article was about how the growth of physical cds sold is beginning to raise again. I thought the reading was very interesting because the numbers are showing steady growth and have a promising future.  

I think that this article was published by a reliable source because the author Hugh McIntyre has also written articles by other major news sources like billboard, the Huffington post and MTV just to name a few. 

I don’t know if this article will pose as a major informational resource for industry professionals. 

Michael Fluharty's curator insight, May 24, 10:39 PM
I believe that this was bound to happen because it is much easier and cheaper to stream music rather than buying a physical copy. This source proves to be reliable due to the fact that it has cited all of its sources. I believe that this source is a major informational resource.