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Streaming Music Revenue Passes Downloads At Warner Music Group For 1st Time
Source:
HypeBot
It's generally accepted that streaming is how the majority of music will be consumed in the near future; and for the first time ever at a major label, income from streaming music has surpassed revenue from downloads. During an earnings call yesterday, Warner Music Group shared that revenue from streaming music has exceeded income from downloads. Though some independent record labels have been reporting the trend for more the a year, it's a first for a major label group. Overall ...
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The Streaming Maturation Effect: What It Means For The Music Industry
Source:
HypeBot
What do Netflix and music subscriptions have in common? They both experienced slowing growth in 2014 in the US. Subscriptions are the monetization focal point of streaming but there have long been signs that the market opportunity is far short of the mainstream. Guest Post by Mark Mulligan on Music Industry Blog Reports suggest that Spotify may (finally) be about to launch video, as a means of differentiating in an increasingly competitive marketplace that is about to get a whole lot more ...
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Record Store Day 2015 Stats: 628% Growth Over Previous Week, Top 50 Vinyl Sales Chart
Source:
HypeBot
Independent record store data compiled by BuzzAngle Music for Saturday's Record Store Day 2015 shows once again what a powerful sales and marketing platform this anual promotion has become. Key data: 628% growth in sales at independent record stores on Record Store Day (Saturday, April 18) in comparison to the previous Saturday (April 11). 3.3% growth from Record Store Day 2014. The White Stripes’ Get Behind Me Satan and Metallica’s cassette demo No Life Til Leather top the BuzzAngle Music Charts of Record Store Day Releases; ...
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Vinyl Albums Show 37% Increase In 2015 Prior To Record Store Day
Source:
HypeBot
Last year, vinyl unit sales totaled 9.2 million, a 6.1 million increase in 2013. With 2015's vinyl sales up 37% in the first three months of the year, and the growing popularity of Record Store Day (which is tomorrow - go buy something) it looks as though digital music is going to have to work a little harder to kill off the legend that is vinyl records. Music aficionados unrelenting demand for vinyl albums was reflected by a Nielson study ...
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The United Sates Of Events: America's Top Concert Going Cities By Genre
Source:
HypeBot
Ticketing and event platform Eventbrite has released a list of America’s top event-going cities and the United States of Events, a visualization of the event-going trends in America's largest 25 cities. The company leveraged its platform of millions of events to zoom in on attendance themes. Overall Music Ticket Sales 1. Austin2. San Francisco3. Houston4. New York City5. Charlotte6. Los Angeles7. Dallas8. Philadelphia9. Nashville10. Chicago11. Denver12. San Antonio13. ...
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RIAA Report Shows Streaming And Vinyl On The Rise In US While Recording Industry Dips
Source:
HypeBot
The RIAA has released its official figures for 2014 assessing the music industry's value at $6.97 billion, a 0.47% decline from 2013 valuation of $7 billion. Despite the slight dip of the industry as a whole, growth was charted in specific areas. Digital music grew by $140 million to $4.5 billion, up 3.2% from $4.37 billion the prior year. Download sales decreased by 9.5% to $2.64 billion, but streaming revenue charted a 29% increase totaling $1.87 billion for 2014. Overall digital ...
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