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Why Warner Music Shares Just Jumped 16%...
Source:
Digital Music News
This part isn't about the music, really. It's about making a killing off of something about to be sold, which definitely describes Warner Music Group. And with that in mind, comments from suitor Bertelsmann sent investors rushing into Warner shares (WMG) during Tuesday trading. By the bell, WMG had gained13.25 percent to $6.58, after hopping as high as 16% during the day. So what's Bertelsmann's plan? “Bertelsmann, ladies and gentlemen, is ready to invest into the right business, at right ...
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Streaming May Topple Music Industry Iceberg
Source:
HypeBot
The IFPI reports that digital sale grew a meager 5.1% last year and that in the U.S., growth was almost flat at 1.2%. These numbers and chart that accompanies them aren't that shocking, but they do illustrate why the major labels are both excited for Google and Spotify to come to the market, yet terrified about what may happen if they really succeed. If and when Spotify does launch in the U.S. and becomes very popular, Peter Kafka writes, “then ...
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Another Study Predicts Cloud Music to Boom
Source:
HypeBot
Earlier this month, ABI Research predicted that cloud music to boom in the next five years, reaching a subscriber of 161 million by 2016. They believed that smartphone penetration, a lowering in price, and an emerging Asia-Pacific market would give services like Spotify and Rhapsody a boost. Now, Juniper Research is saying similar things; they suspect that subscribers will reach 178 million by 2015, due to an increased 3G Access, i.e. smartphone penetration in China and India, also known as ...
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Twitter Study: Just .05% Generate 50% of Action
Source:
HypeBot
A new Yahoo Research study confirms that Twitter is more of a hierarchical broadcast network than a social network. A striking concentration of attention on Twitter—roughly 50% of tweets consumed—are generated by just 20K elite users. Media produces the most information, but celebrities are the most followed. The study also found a significant homophily within groups: Celebrities listen to celebrities, bloggers listen to bloggers etc. However, bloggers in general rebroadcast more information than the other categories. The study “Who Says ...
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Germans Are Suddenly Bigger Music Buyers Than Brits...
Source:
Digital Music News
The Brits can be ferocious music connoisseurs, but their spending power is now getting beaten by the Germans. According to a 2010 review just released by the IFPI, Germany is now the third-ranked music market in the world, slotting behind Japanand the US. The UK is perched at an unfamiliar fourth-place. The move is happening despite a surge in British digital sales, perhaps a symbolic situation. During 2010, digital sales in the UK climbed an aggressive 19.6 percent, though broader ...
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It Gets Crazier: iTunes = 85% of Indie Digital Revenues...
Source:
Digital Music News
Last week, global independent trade group AIM stumbled upon a stunningly lopsided stat. Namely, that iTunes, Amazon, and Spotify collectively accounted for 94.4 percent of indie digital revenues, worldwide. The rest—specifically, 51 stores—were simply squeezed into the thinnest of margins. But it gets even crazier. Because after digging a bit deeper, it turns out that iTunes is easily the biggest of those three. Perhaps that was totally obvious, though Apple makes up nearly 85 percent of digital indie revenue, worldwide, ...
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Another Industry First: Music Royalties Fall 1%
Source:
HypeBot
For the first time, PRS for Music reported a 1% annual fall in total royalties. Why the decline? PRS suspects that digital piracy and a fall in high street sales are to blame. Royalties are down £7m to £611.2m in 2010, the Guardian says. Recorded media royalties also “fell 8.8%." According to PRS CEO Robert Ashcroft, the loss of physical retailers, the decline in the music and the challenge of capturing the full value of music usage online is why ...
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Simple, Effective Cross Promotion - Folk Artists Cover Each Other's Singles, Tour U.S. Together
Source:
HypeBot
Love a fellow musician's song? Do they love your music too? Perfect. Cover each other's singles and take off on a tour of the U.S. That's the strategy being employed by folk-singer Joe Pug and Philadelphia's Strand of Oaks. Before the tour launched, Pug covered “End in Flames" by Strand of Oaks, and Strand of Oaks covered Pug's “Hymn #101." Both songs can be freely downloaded and listened to via SoundCloud. Now Pug and Strand of Oaks are taking off ...
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