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Ingrooves Responds: Ours is Less Lopsided, Thank You...
Source:
Digital Music News
Just three providers account for 94.4 percent of global indie revenues, according to AIM. But INgrooves says its percentages are far less lopsided. Specifically, the top three—iTunes, Spotify,and Amazon—account for 74.5 percent of total digital revenues at the San Francisco-based INgrooves, leaving a healthier 25.5 percent for the others. “We think it's important to clarify the difference in the AIM report and our own numbers regarding indie digital revenues," INgrooves CEO Robb McDaniels told Digital Music News. “Independent labels that ...
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Music Recommendation Engines Not Satisfying Fans
Source:
HypeBot
A new survey by Orpheus Media Research reveals that music recommendation engines are gaining ground among consumers but are failing to offer them accurate results. According to ORM, 54% of respondents had used an engine, with only 40% of them using it daily or a few times a week. While using an engine, 77% have discovered new music, and 92% continue to listen to that music. But here's the downfall: 40% of those surveyed said the results that engines deliver ...
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Whoa: 3 Stores = 94.4% of Indie Digital Revenues...
Source:
Digital Music News
Just three outlets—iTunes, Amazon, and Spotify—account for more than 94.4% of indie digital revenues, according to a global estimate by AIM (Association of Independent Music). The rest are fighting over a paltry 5.6 percent. Alison Wenham, head of the UK-based consortium, pointed to a lopsided logjam. “There are now a series of monopolies and it is jolly hard for anyone else to get a slice of the market," Wenham told Music Week (subscription req'd, here). This is an extremely top-heavy ...
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Are Consumers Really Screaming for Better Music Discovery? Take a Look...
Source:
Digital Music News
The music discovery space has always been like crack for brainiac PhD entrepreneurs. It seems like there's always another startup concocting algorithms and space-age formulas to create the perfect discovery engine. But are music fans screaming for better discovery, or are they happy with the music they have? Or, for that matter, simply finding enough music through existing channels? Well, one discovery-focused company is seeing lots of opportunity, based on its own research. We're always wary of 'vendor-sponsored research,' though ...
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MySpace Traffic Falls off Cliff [chart]
Source:
HypeBot
At SXSW, I had several very smart industry insiders tell me confidently that it's only a matter of time before MySpace makes a comeback. Judging from new traffic stas, the resurection better happen soon. According to Comscore, in one month between January and February of this year, worldwide unique visitors to MySpace fell a whoping14.4% from 73 million visitors to 63 million. That's just about half the visitors that the site had just one year ago. Here's a chart mapping MySpace's ...
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Canada Beats U.S. in Digital Music Growth
Source:
HypeBot
According to the latest Nielson Soundscan figures digital music sales grew in Canada by 19%, while the U.S. market remained stagnant, with just 1% growth. This marks the fifth straight year in which the Canadian digital market has grown faster than the U.S., says law professor Michael Geist. “The recording industry will no doubt point to decelerating growth and the fact that the Canadian digital market comprises a smaller share of the market than in the U.S.," he says. “Yet ...
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Study Shows Limewire Demise Cut Music Piracy
Source:
HypeBot
A new NPD study shows the percentage of U.S. internet users that used P2P to download music fell from 16% in the fourth quarter of 2007 to just 9% in the Q4 2010 when Limewire ceased its file-sharing operations. The average number of music files downloaded from P2P networks also declined dramatically as well. The stats: On average, 35 tracks per person were downloaded in Q4 2007; and that fell to just 18 tracks in Q4 2010. (Some users downloaded ...
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Study: Napster Had Zero Impact on New Artists
Source:
HypeBot
A new study argues that Napster and its predecessors have not reduced the entrance of new artists to the music market. Case in point: CD Baby just announced that new title sign-ups doubled in 2010. Piracy has made it harder to make substantial sums from the sales of recorded music, but it has not affected “the quantity of new recorded music or artists coming to market," argues Joel Waldfogelm, an economist at the University of Minnesota. Read the abstract: “In the decade ...
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