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Indie Label Market Bigger Than Ever And Continuing To Grow
Source:
HypeBot
It appears as though an ever increasing number of bands and artists are avoiding traditional record label and instead taking the indie path, sometimes by choice and sometimes because of difficulty of signing with a major label. Whatever the reason, indie labels are soon set to contribute to 40% of the global music economy, with no sign of slowing down. Guest post by Bobby Owsinski of Music 3.0 More and more artists and bands are going the indie label route ...
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Meta Trends That Will Shape Music Industry In 2019
Source:
HypeBot
As the music industry closes the door on 2018, some of the promised technologies of the year, like blockchain and AI, hit the world of music with more of a fizzle than a bang, but 2018 did deliver some indicators for what meta trends will likely have the most impact as we move forward into 2019. Guest post by Mark Mulligan from the Music Industry Blog MIDiA has just published its annual predictions report. Here are a few highlights. 2018 ...
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STOCK WATCH: Eventbrite, Spotify and Snap
Source:
HypeBot
With more music and music related stock traded on the public markets, Hypebot is stepping up its coverage of the markets, quarterly reports and earnings calls. Here, with a help from CelebrityAccess, are updates on Eventbrite, Spotify and Snap. Snapchat parent company Snap saw its stock drop in pre-market trading Wednesday, after divulging that regulators at the Department of Justice and the Securities and Exchange Commission are investigating whether it misled investors before the launch of its IPO last year. Meanwhile, ...
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Facebook Outage Reveals People Still Read News Other Ways, Would YouTube Outage Reveal Something Similar About Music?
Source:
HypeBot
While YouTube has certainly moved in on the music industry in a major way, carving out a huge swathe of listens and views, a recent news outage at Facebook has suggested consumers may not be as dedicated to these major sites as was at first thought, and that, were YouTube to disappear, consumers would have no trouble moving on to greener pastures in order to get the music they crave. Guest post by Chris Castle of Music Tech Solutions I ...
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90% Of Consumers In Spotify's Home Market Stream Music, But Only 43% Pay For It
Source:
HypeBot
A new streaming music survey in the Nordic countries offers a look at what may be the best that Spotify and the music industry can hope for when it comes to paid versus free streaming. Since streaming music was all but invented there, the Nordic countries of Norway, Finland, Denmark and Spotify's home country of Sweden, are considered to be streaming's most mature market. “The recent explosion in digital music consumption is a very positive thing: it testifies to how the ...
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CD Manufacturers Can't Keep Up With Demand
Source:
HypeBot
In recent weeks, four hit titles from UMG have sold out and put on backorder or never made it to stores for their release dates. Causes of the shortage include unexpected demand, reduced manufacturing capacity and a shift of factories to Mexico. CD orders that once took 10 days to two weeks can now take a month, according to multiple sources. Newbury Comics head of purchasing Carl Mello told Billboard that his Northeast record store chain can't keep in stock “those CD things ...
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Study Reveals How Smart Speakers Impact Music Consumption
Source:
HypeBot
A new study from AudienceNet has revealed that, surprise surprise, those over the age of 16 with smart speakers in their homes are listening to more music, for longer periods of time. Guest post by Bobby Owsinski of Music 3.0 To the surprise of no one, a new study finds that the smart speaker trend is impacting music consumption in a big way. A new study by AudienceNet of people over the age of 16 looked at exactly how each age group is consuming ...
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Consumers Worldwide Still Listen To A Lot Of Music Says IFPI Study
Source:
HypeBot
A new report from the IFPI has confirmed suspicions that, yes, a lot a of people are listening to a lot of music, a lot of the time. While this may not be much of a surprise, the annual report does provide some interesting additional data on when and where listeners across the globe are consuming their music. Guest post by Bobby Owsinski of Music 3.0 The IFPI released its annual Music Consumer Insight Report, and as usual, it has data that confirms ...
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