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U.S. Vinyl Record Sales May Be 6x Higher Than Soundscan Reports
Source:
HypeBot
The jump in vinyl sales—both for audiophiles and for fans who just love physical mementos—is well documented. But the trend may be far bigger than the industry previously believed. “SoundScan only gets about 15%," Vince Slusarz, the owner of top vinyl manufacturer Gotta Grove told the New York Times. Here's why: Last year, 2.8 million vinyl records were sold in the United States, according to Nielsen Soundscan, and saleas this year could be 40% higher. But Soundscan uses bar codes ...
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Studies: Consumers Prefer Mix of Music Ownership and Free Streaming
Source:
HypeBot
eMarketer compares two reports on studies of consumer music preferences to reveal that not only do listeners prefer music ownership over subscription streaming but that they tend towards a mix of ownership and free listening. Given that the most recent survey reporting stats on streaming music would have been conducted before Facebook's F8 Conference, it remains to be seen what the Facebook effect will be though Spotify's membership increased over 50% in the week following the conference announcements. eMarketer recently ...
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Digital Music Sales to Triple in 4 Years to $20.1 Billion [report]
Source:
HypeBot
The digital music industry is set to double from $7.4 billion to $20.1 billion in 2015, according to a new study. That's a compound annual growth rate of 22.1% over the period. Subscriptions will be the fastest growing segment, growing at a compound annual rate of 60.8% to 2015. In terms of digital music market value, the US, Japan, UK, France and Germany are the key digital music markets, together accounting for 79.5% of the global market in 2010. India, ...
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Only 3-4 Digital Music Services Will Survive Next 12 Months, Says Digital Exec
Source:
HypeBot
Let the culling begin. There is only “room for three or four" digital music services, and we'll see a number of them close in the next twelve months," according to Deezer UK's Managing Director Mark Foster. Since launching in the UK in September, Deezer claims 1.4 million premium subscribers, in large part thanks to a bundling deal with mobile provider Orange. So, what about his competition? Twelve months seems a short time for so many companies to call it quits. ...
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Report: What the Second Decade of Digital Music Will Look Like [slides]
Source:
HypeBot
Global marketing and communications giant J. Walter Thompson works to keep major brands like Bayer, Ford, HSBC, Johnson & Johnson, Shell and Unilever ahead of the curve. In a new study, they concluded that in 2011 “we got a clearer glimpse of what the second decade of digital music will look like—and it's quite different from the first in many ways." The result is a broad and insightful report: “Things To Watch: Music Edition" “We'll be accessing, discovering and sharing ...
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Nearly One-Third of Record Store Sales Come from 'Lifestyle' Products...
Source:
Digital Music News
Indie retailers got the difficult memo years ago: if they wanted to survive, they had to diversify beyond music. Way beyond. Newbury Comics is a great example, but record stores across-the-board now sell dozens of 'lifestyle' categories that have nothing to do with the good old recording. And, this is becoming a bigger and bigger chunk of the business. In fact, it is quietly approaching one-third of broader sales, withlifestyle representing the higher-growth category. “Music is selling way under list ...
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The Business of 'Pay What You Want' Music Pricing
Source:
HypeBot
Though we tend to hear of “pay what you want" music pricing models from big artists like Radiohead, Atlum Schema has found pay what you want for CDs at live shows to be a viable model for lesser known artists as well. However, fans may not be looking for specific products so much as something that connects them to the larger experience. “Pay What You Want“ for CDs may not be a theme many in the music industry want to ...
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