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SoundCloud Revenues Up 80%, Tops $100 Million
Source:
HypeBot
SoundCloud, the Berlin-based music streaming platform, made good on its promise to bring in more than $100 million for the 2017 calendar year, according a filing with UK Companies House this week. According to the filing, SoundCloud’s global revenues hit $102M in 2017. That’s an increase of 80% over the previous year. The figure also accounts for subscription revenues, which nearly doubled, up 89% to $82M from $43.9M in 2016. Advertising revenues grew 53% in 2017, up to $20M, while ...
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New Nielsen Music Report Reveals Industry Quite Healthy
Source:
HypeBot
Thanks to the expedited turnaround of our new digital age, Nielsen's latest annual report has already become available and (spoiler alert) the news is good. Most numbers gathered over the past year seem to indicate a happy, healthy music industry. Guest post by Bobby Owsinski of Music 3.0 It used to be that you’d have to wait for the music industry reports from the previous year to be released in late February or early March, but our wonderful new digital ...
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Is Podcasting's Bubble About To Burst Or Just Catching Its Breath?
Source:
HypeBot
Following its explosion in popularity, podcasting has established itself as a lead player in the audio renaissance. But can this platform continue to keep growing? Low barriers to entry have led to a crowded content field, leaving some in the industry concerned about its future. Guest post by Fred Jacobs of Jacobs Media Now don't get me wrong. I'm a dyed-in-the-wool believer that podcasting is a “thing,” is a platform that is steadily growing, is an important piece of the ...
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Indie Stores Report 2018 Vinyl Sales +10%, CDs -12.6%
Source:
HypeBot
The Coalition of Independent Music Stores polled it ts members on December 2018 sales compared to last year. Despite the rush to streaming, brick and mortar music stores appear to be holding with the help of healthy sales of vinyl, turntables and vinyl accessories. 2018 Indie store charts follow the survey results. “The results were, of course, a mixed bag but by averaging the results, a pretty clear picture of where we are at sale-wise emerged as we enter a ...
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Do Touch That Dial: In-Car Listening Finally Shifting
Source:
HypeBot
While much has changed in the music industry over the past ten years, our listening habits while on the move have, until now, remained much the same. Historically AM/FM listening has dominated in the car but, while this is still somewhat true, traditional radio's grip on drivers seems to be loosening. Guest post by Bobby Owsinski of Music 3.0 Despite the rise of streaming, most recent studies have found that our automobile listening habits have been surprisingly consistent with the ...
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Tech Revenue To Hit Record $398 Billion in 2019
Source:
HypeBot
Artificial intelligence (AI) and fast internet connectivity, both critical ingredients for smartphones, smart home devices and smart speakers, will drive the U.S. consumer technology industry to a record-breaking $398 billion in retail revenues in 2019. That's $301 billion wholesale and 3.9% year-over-year (YOY) growth, which includes streaming services revenue, according to the Consumer Technology Association (CTA). Released today in advance of CES, the semi-annual U.S. Consumer Technology Sales and Forecasts report reflects U.S. factory sales-to-dealers for more than 300 consumer tech ...
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5 Music Industry Predictions 2019: Fan Clubs, Apple Music, Chart Decline and More
Source:
HypeBot
With the music business in a constant state of tumultuous evolution, 2019 is shaping up to be a wild year for the industry. Here we look at five major developments we're likely to see unfolding in the coming months. Guest post from Haulix Daily Everyone knows the saying, “new year, new you,” but does that mantra apply to industries as well? The Music business is evolving at an unprecedented rate. Less than ten years ago no one knew if consumers ...
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10 Music Industry Predictions For 2019
Source:
HypeBot
While predicting the future is no easy task, a careful look at the best can least give us a sense of where the industry might be headed in the coming year, whether its the next development in the ongoing streaming war, the future of live music, or something else altogether. Guest post by Bobby Owsinski of Music 3.0 Predictions can be a tricky thing, but if we look at the trends in the music business over the last year we ...
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