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Data From Music Streamers Saved Label $1 Million This Year, Says Big Machine's Scott Borchetta
Source:
HypeBot
Like it or not, data drives the music industry. That's particularly true of labels that compete for commercial radio play. Data, including expensive focus groups, drives what and how they pitch, and streaming data has rapidly become an essential and free source. “We can’t get enough data,” said Big Machine Label Group chief Scott Borchetta, responding to a question at RAIN Summit Nashville this week. Data driven decision making is key to any music exec trying to target resources; and Borchetta ...
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Where The Music Business Stands Midway Through 2016 [RIAA Report]
Source:
HypeBot
Although it's been about half a decade, the music business has, at long last, seen some appreciable growth in 2016, thanks largely to streaming. However, music continues to be undervalued, and the industry remains hobbled by outdated laws. Guest post by Cary Sherman, Chairman & CEO, RIAA For the first time in over a decade, we can report that the American music business grew at a healthy rate in the first half of 2016. That growth is propelled by music subscriptions ...
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Did Apple Music, Spotify Just Win The Streaming Wars? [Mark Mulligan]
Source:
HypeBot
Although streaming in general has seen strong growth in 2016, it seems this recent build in subscribers has largely been isolated to two major players in the streaming wars, Apple Music and Spotify, leaving smaller contestants in the dust. Guest Post by Mark Mulligan on his Music Industry Blog Spotify has just delivered 2 landmark data points: 40 million subscribers and $5 billion paid to rights holders to date. Although the 3 million added in Q3 was down on the 7 million ...
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Sonicbids To Shut Down ArtistData To Shut Down Next Month
Source:
HypeBot
ArtistData is shutting down in October. The free service, which allowed musicians to syndicate tour dates across multiple sites and platforms, was launched by Cluster Labs co-founder Brenden Mulligan in 2008 and acquired by Sonicbids in 2010. Sonicbids owned ArtistData is shutting down on October 14th and all artist profiles and data will be removed. The ArtistData widget will no longer be supported or fed data. While many artists have migrated to other platforms including ReverbNation, Songkick, BandsInTown and Sonicbids itself to ...
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Ole Lands $500 Million Credit Line To Fund Aquisitions
Source:
HypeBot
Independent music publisher Ole has received a $500 million credit line to fuel acquisitions. It part of a trend that has seen everyone from venture capitalists to established publishers vying for song catalogs. ole, the independent music publishing and rights management company, has secured a $500 million USD credit facility from 12 U.S. and Canadian banks led by Los Angeles-based City National Bank. ole will use the facility to fund future acquisitions. ole has already completed more than $520 million ...
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Why People Pay For Subscription Entertainment Services
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HypeBot
Here Karen Allen looks what makes a person willing (or unwilling) to pay for subscription entertainment, depending on whether the content they're accessing is premium or non-premium. Guest Post by Karen Allen on Medium I’ve been giving a lot of thought to subscription entertainment services and why people will or won’t pay for them. This is a question we in the digital music space have been grappling with for the better part of the last ten years. Setting aside piracy ...
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Streaming Playlist Data: 10 Things You Need To Know
Source:
HypeBot
Many labels have begun tapping in to streaming playlist data, but much of said data requires some interpretation before it can be useful. Here Sammy Andrews debunks several streaming data myths, and works to explain what you can hope to learn from such information. Guest post by Sammy Andrews, the director of Entertainment Intelligence on Music Ally This guest column for Music Ally is from Sammy Andrews, director at Entertainment Intelligence. “Many labels are now accessing streaming playlist data for their artists, releases and catalogue for ...
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The Company That Owns Warner Music Group Just Took Control Of Music Streamer Deezer
Source:
HypeBot
Access Industries has taken control of global music stream Deezer. The move advances the goal of the conglomerate, which also owns Warner Music Group and has made major investments in Songkick ($25M), Shazam ($9M) and in 2013-14 Beats ($120M million), to become an integrated full stack music company. French authorities have approved Access Industries taking “exclusive control" of global music streaming service Deezer. The terms of the deal, which just became public this week, followed a $100 million January cash ...
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