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The Music Industry Outlook: Still Grim
Source:
Michael Ricci
How low can the music industry go? Analysts speaking at Digital Music Forum West in Hollywood this afternoon suggested that there's more pain ahead for the industry -- much more. On the other hand, they said it's not necessarily a bad time for artists, and things couldn't be better for fans.
Here are a few of the data points thrown out by NPD Group's Russ Crupnick, BigChampagne's Eric Garland and Topspin's James Lamberti:
Fewer consumers are buying music, and the ...
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Hollywood Studios in Midst of Their Own Horror Show
Source:
Michael Ricci
The recent firings and hirings of studio executives at Disney, Universal and elsewhere point to a widespread corporate panic amid sharp declines in DVD sales.
Hollywood's biggest slasher story isn't playing at any theater near you. It's hitting the industry's corporate suites, where the sacking of studio executives has reached epidemic level.
As evidenced by Disney's recent firing of its studio chief, Dick Cook, and Universal Pictures' dismissal Monday of chairmen Marc Shmuger and David Linde, Hollywood is in a ...
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Adonis Puentes Voice of Orestes Vilat's Latin Grammy Nominated Album 'It's About Time'
Source:
All About Jazz
Cuban-Canadian, singer-songwriter Adonis Puentes is the lead vocalist on Master Percussionist Orestes Vilat's album It's About Time, recently nominated for a Latin Grammy Award in the category of BEST TRADITIONAL TROPICAL ALBUM. The milestone 10th Annual Latin GRAMMY Awards will be presented Nov. 5 at the Mandalay Bay Events Center in Las Vegas.
This is thrilling news for Puentes who put voice to the album that has now been recognized by the Latin Recording Academy.
After spending a few months ...
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Is Streaming Bad for the Music Industry?
Source:
HypeBot
First it was, “Fans want to feel it."
Then it was, “Fans want to own it."
Now it's, “Why own when I can save?"
One of the unforeseen impacts of the global economic downturn on the music industry is the accelerated rate of consumers' adoption of streaming music... And this means trouble for the already wounded music industry.
It takes 150-200 plays of a song before the content owner earns royalties on par with one download. Content owners typically get ...Continue Reading
Midem Adds Showcase for Digital Music Startups
Source:
HypeBot
I tipped you off to this several weeks ago, but now its official. Midem has launched its new technology showcase dubbed MidemNet Labs and named the judges who will sift through submissions to find the new best of the best.
The 15 most promising companies will be invited to present at MIDEM in January 2010 in Cannes. The start-ups to be showcased will be chosen by UK consultancy Music Ally and a jury of entrepreneurs that includes Mathew Daniel, VP ...
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New Breakthrough for Indie Hip Hop Jazz Artist Victor Valente.
Source:
Michael Ricci
Known for his 2005 saxophone rendition of Mc Lytes 1989 hit “Cappuccino," hip hop jazz musician Victor Valente seals a deal with AMI Entertainment, making Victor the first indie hip hop jazz artist to license music to one of the largest major Hybrid Jukebox Network in the U.S. Since launching his publishing and music licensing company (Victor Valente Music Publishing) Victor has focused his efforts on music for advertising, TV, motion pictures, music production and remixing aside from his own ...
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Can Classical Music Be Cool Again?
Source:
HypeBot
The audiences attending symphony performances and classical music concerts has been dwindling for years, and the solutions offered have been many. From ensembles created more for their beauty and novelty then their talent, to orchestral rock music concerts like The Machine performing Pink Floyd in hugely successful shows with the San Diego and Pittsburgh Symphonies, purveyors of classical music are doing all that they can to attract new audiences.
The tide may finally be turning in their favor and two ...
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Two YouTube Musicians Start an Indie Label for Other YouTube Musicians
Source:
HypeBot
Small indie label DFTBA - which stands for “don't forget to be awesome" - focuses entirely on acts that gained their first attention via YouTube and is run by online video stalwarts Alan Lastufka (fallofautumndistro) and Hank Green (vlogbrothers).
To date, DFTBA Records has released 10 CDs from YouTube stars like Dave Days, Venetian Princess, and Rhett & Link with total sales of $100,000+. They operate as an independent distribution ...
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