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Paid Audio Streaming Gowing 9X Faster Than Ad-Supported To Drive U.S. Music Consumption In 2016
Source:
HypeBot
Paid subscription audio streaming grew almost 9 times faster that free ad-supported audio stream last year. That's encouraging news for a music industry concerned with the revenue that streaming generates. Pandora's Glenn Peoples breaks down the stats. By Glenn Peoples of Pandora 2016 figures show the U.S. music industry grew at a good clip thanks mainly to growth in premium streaming services. The results were released this week by BuzzAngle in its “2016 U.S. Music Industry Report” (download PDF here). Keep ...
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Vinyl and One Size Fits All Strategies Will Not Save The Music Business [Mark Mulligan]
Source:
HypeBot
Surging vinyl sales may make a great headline, but at just 2.6% of total sales, they won't save the music business, says music industry analyst Mark Mulligan of MIDiA. The real headline should be the increasing fragmentation of the industry with little overlap between the most popular artists on the vinyl, streaming, singles and album charts. The BPI announced that 'album equivalent sales' were up by 1.6% in volume terms in 2016, with vinyl and streaming identified as the key drivers. ...
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In 2017, Experience Should Be Everything [Mark Mulligan]
Source:
HypeBot
Here Mark Mulligan outlines why music streaming services, although they have seen considerable success in 2016, must shift their focus more towards emphasizing the user experience in order to stay afloat. Guest post by Mark Mulligan of MIDiA on his Music Industry Blog 2017 is going to be a big year for streaming. Spotify will likely IPO, paid subscribers will pass the 100 million mark in Q1, playlists will boom. 2017 will build upon an upbeat 2016 in which the major ...
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The Most Important Music Business Trends Of 2016 [Bas Grasmayer]
Source:
HypeBot
This week as part of his Projecting Trends series, Bas Grasmayer looks back on some of the most import music industry trends of 2016, including blockchain tech, virtual reality, streaming exclusives, and bots. Guest post by Bas Grasmayer from the Synchblog What a rollercoaster 2016 has been. Without even considering the passing away of so many legends, it was an important year for the music business. 2016 was filled of optimism and innovation, with many looking forward and trying to understand the ...
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Virtual Reality, Live Music Seem Like Marriage Made In Heaven
Source:
HypeBot
The inherent issue with any live music event is limitation of how many people can attend. No matter how large a venue, at a certain point it fills up. This is a problem which virtual reality technology seems poised to solve, at least partially. Guest post by Bobby Owsinski on Music 3.0 One of the downsides of live music is that only so many people can experience it at any one time. Whether it’s a club, concert or festival, attendance is ...
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Vinyl Sales Tops Digital Downloads In UK
Source:
HypeBot
For the first time ever, the recording industry made more money from vinyl album sales than downloaded albums in the UK last week. According to figures published by the Entertainment Retailers Association, vinyl accounted for sales of £2.4m ($3m USD), while downloads took in £2.1m ($2.6M). The ERA suggested that vinyl sales were up as they make an appealing holiday gift for music aficionados, but the change also reflects the increasing move away from digital downloads to streaming. As well, ...
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YouTube Has Paid Musicians, Music Industry $1 Billion In 12 Months vs $1.6 Billion From Spotify
Source:
HypeBot
Amid ongoing label driven furor over the size of payments to musicians and the music industry, YouTube has shared a big number—$1 billion. That's the amount that it has paid the music industry in the last 12 months. YouTube shared on Tuesday that it has paid the music industry $1 billion in the last 12 months. “Even as music subscriptions have been growing faster than any other subscription type, advertising is another powerful driver of revenue," wrote Robert Kyncl, YouTube's ...
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