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As Paid Music Streaming Escalates Paying Downloaders Can't Be Left Behind
Source:
HypeBot
Although paid streaming subscriptions have continued to grow at a steady rate, the far more rapid decline of paid downloads, along with CD sales suggests that streaming services need to grow their paying subscriber base at an even greater rate. Guest Post by Russ Crupnick on Music Watch As rapidly as the music business is moving to paid streaming subscriptions from paid downloads there’s an argument to be made that it needs to move even faster. At the MusicBiz conference ...
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Music's Role In A Transhumanist Future [Bas Grasmayer]
Source:
HypeBot
Will we all be musical cyborgs one day? In this edition of Projecting Trends, Bas Grasmayer explores how music will likely fit in to a transhumanist future, as technology's development continues to rapidly accelerate, bringing music along with it. Guest post by Bas Grasmayer on Synchblog Throughout the last 50 years music has become increasingly personal. It shifted from family piano to bedroom record player, and then from bringing albums in your Walkman to your own personal playlist on your ...
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SoundExchange Payments Rise 29% In Q3, Artists And Labels Paid Jump 45%
Source:
HypeBot
SoundExchange payments were up 29.2% last quarter. So while the U.S. digital PRO has taken some big hits lately, mostly thanks to Pandora and other direct licensing deals, this impressive growth should quiet any disparaging talk of its ongoing relevancy. SoundExchange distributions of digital performance royalties to artists and rights owners increased by 29.2% in the third quarter of 2016, compared to Q3 2015. SoundExchange paid $263.5 million in royalties in the quarter, up from $204 million in the second quarter ...
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What 4 Music Startups Reveal About The Future Of Music
Source:
HypeBot
While it may seem as though the music industry has stabilized and is now run by a choice few tech giants dominating the landscape, a new era of startups is emerging, and is set to redefine the status quo of the music industry. Guest Post by Bas Grasmayer on Synchblog The online music landscape may seem stale, but while the highly visible giants compete for people’s attention (and subscription money), a new generation of startups are gearing up to define ...
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6 Important Music Tech Predictions From 20 Industry Tastemakers
Source:
HypeBot
As live music tech continues to develop and reshape the music industry, it becomes increasingly important for artists to stay ahead of the curve and tuned into how these new trends can be utilized to impress fans and increase profits. Guest post by Rachel Grate on Eventbrite Live music technology is transforming the industry. Those who stay ahead of the curve have a huge opportunity to impress fans, simplify their work, and increase profit. So, how can you get smarter ...
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Napster/Rhapsody Posts Surprise $1.6M Quarterly Profit
Source:
HypeBot
Napster, the music streamer formerly known in the U.S. as Rhapsody has posted a surprising $1.6 million profit in the third quarter of 2016. Maybe there is still hope for the financial future of streaming music.... After years of losses, Napster/Rhapsody posted a $1.6 million profit in the third quarter of 2016 on record revenue of $54 million. Profits are rare for music streamers and for Napster parent company Rhapsody International comes after several month of downsizing and office consolidation. Rhapsody ...
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One Chart Which Tells The Music Business Story
Source:
HypeBot
This article looks at an exceedingly revealing chart from Fortune detailing the revenue generated by the recorded music industry within the past forty plus years, including all of highs and some alarming lows as the music business has reacted to the introduction of new technology. Guest Post by Bobby Owsinski on Music 3.0 Rarely does one chart say so much about how an industry goes as does this one from Fortune. It’s the revenue generated by the recorded music business over ...
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Moving Past The Static Music Experience
Source:
HypeBot
In this edition of Projecting Trends, we take a close look at the shifting role of the music consumer, how music business models have and continue to change, as well as changes taking place with the music itself. Guest post by Emma Griffiths and Bas Grasmayer from the Synchblog In the last century, the proliferation of the record as the default way to listen to music turned it into a solitary, static experience for people who previously connected to it as participants. Social ...
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