Soundtrack
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Soundtrack
All things film, tv, and video game soundtracks
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Rescooped by Christopher Coleman from Kill The Record Industry
February 22, 2016 10:39 AM
Scoop.it!

UMG recorded music revenues up 2.4% as streaming offsets physical decline

UMG recorded music revenues up 2.4% as streaming offsets physical decline | Soundtrack | Scoop.it
Universal Music Group’s recorded music revenues were up 2.4% in 2015 thanks to growth in streaming, which “more than offset” the decline in physical and download revenues.

Total UMG revenues were up 2.7% at constant currency, up by €5.11 billion (£3.98 billion).

Streaming accounting for 52% of digital recorded music revenues in H2 2015 and streaming revenue was up 47% across the year, while downloads declined 13%, according to yesterday's earnings release by parent company Vivendi.

Via Pierre Priot
Pierre Priot's curator insight, February 22, 2016 5:12 AM

UMG scores revenue growth thanks to the physical to streaming shift.
Isn't it exactly what I was rambling about is that piece: http://bit.ly/DigiTransition

Scooped by Christopher Coleman
September 22, 2015 11:52 AM
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RIAA 2015 Mid-Year Music Sales and Revenue Numbers Released - September 22, 2015

RIAA 2015 Mid-Year Music Sales and Revenue Numbers Released - September 22, 2015 | Soundtrack | Scoop.it

"The data continues to reflect the story of a business undergoing an enormous transition. There are many positive signs: continuing the trend from 2014, wholesale revenues for the first half of 2015 increased. And revenues from streaming music services continue to grow at a healthy double digit rate. The product of music and the extraordinary roster of artists represented by today’s music labels remains in high demand. That is the bedrock of a successful future.

At the same time, intense demand and billions of streams does not always equal fair market rates or a fair playing field. Addressing that is an essential element of fulfilling the enormous promise of today’s digital marketplace.”

 

- RIAA Chairman and CEO Cary Sherman

Nzinga Austin's curator insight, September 14, 2016 2:06 PM
I am curious to see the direction music will take over the next 5 years 
Scooped by Christopher Coleman
September 26, 2015 5:26 PM
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Vinyl Generates More Revenue Than YouTube Music, VEVO, SoundCloud, and Free Spotify COMBINED - Digital Music News

Vinyl Generates More Revenue Than YouTube Music, VEVO, SoundCloud, and Free Spotify COMBINED - Digital Music News | Soundtrack | Scoop.it
  Vinyl sales have been surging for years.  But now, the oldest format on the market is generating more revenues than all ad-supported on-demand streaming music services,...
Cy Queen's curator insight, September 26, 2015 2:41 PM

Are you making sure to ad Vinyl to your marketing efforts?
Looks like you REALLY should!

John Joseph's curator insight, October 7, 2015 2:36 AM

Vinyl is beating all these services on the market and that is amazing considering how much all these services like YouTube and Spotify make annually.