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What Happens When Paid Streaming Has 96% Market Share? Sweden Has Answers
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HypeBot
The music industry is experiencing a resurgence thanks to streaming. But can that growth continue and will more users return promised revenue to artists and labels? MIDiA's Mark Mulligan says that data from Sweden, where paid subscriptions account for 96% of the streaming market, offers answers. By Mark Mulligan of MIDiA from the Music Industry Blog Earlier this week the IFPI released its Global Music Report – an essential tool for anyone with a serious interest in the global recorded ...
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This Years' Record Store Day Was The Best Day Ever
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HypeBot
With the music industry continues to change, Record Store Day offers an opportunity and experience which can be embraced by industry enthusiasts across the board, here we check in with a variety of music business players on their experience with Record Store Day, 2018 edition. Guest post by Meredith Nadeau of The Orchard's The Daily Rind In an industry that is constantly evolving, Record Store Day provides an experience that music fans of old, new and in-between can all enjoy. Whether you ...
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Sonos Files For IPO At $3 Billion Valuation
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HypeBot
Sonos is filed to go public as early as June, the Wall Street Journal reported on Wednesday. According to documents filed with the SEC, Sonos hopes to be valued at $3 billion for the IPO. The Sonos IPO comes on the heels of Spotify's successful direct public stock offering, and strong signs Tencent Music, the giant Chinese based music streamer, while file for an IPO in the coming weeks. Vivendi, the parent of Universal Music Group, has also publicly stated ...
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Could Streaming Playlists Replace Music Blogs?
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HypeBot
As streaming culture and the companies behind it forever alter the ways in which music is both produced and consumed, playlists could have the potential to replace human bloggers and tastemakers. Guest post by Patrick McGuire of Soundfly's Flypaper Major streaming platforms are irrevocably changing the ways people create, discover and consume music. As with any emerging, disruptive technology, there are winners and losers. Though musicians, labels, and publishers initially despised streaming giants like Spotify, the industry has now been forced to lovingly embrace them, ...
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The Rise Of Artist Curated Festivals
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HypeBot
Performing has long been a mainstay of most musician's income, and as festivals continue to grow in popularity, many artists have found that they can earn good money and maintain more creative control by engineering more artist curated festivals. Guest post by Amanda Wicks of CASH Music It’s no secret that musicians earn a significant percentage of their revenue from touring. What they recoup from streaming — which now undergirds the music industry more than ever — represents mere drops in a ...
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Congress To Vote On Music Modernization Act Today With Support Of Independent Labels
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HypeBot
An expanded Music Modernization Act is scheduled for a vote in the United States House of Representatives on Wednesday. Though not without its critics, the bipartisan legislation has the strong support of most of the music industry, including the growing independent label sector. The Music Modernization Act, to be put before Congress on Wednesday, combines three bills, including the original Music Modernization Act, which mandates a new organization to collect mechanical royalties and offers streaming music services protection from copyright ...
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Patience: The Most Understated Virtue In The Music Industry
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HypeBot
While patience is commonly known to be a virtue, it may just be a necessity for cultivating a successful career in the music business. In this piece Patrick McGuire looks what an incredibly useful asset patience can be in all areas of the music industry. Guest post by Patrick McGuire of the ReverbNation Blog If you’re good at waiting for things, music just might be the career for you. Whether it’s the thought of a young band breaking out after ...
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Brand USA, Spotify Partner To Reverse Trump Era International Tourism Decline
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HypeBot
Trump's effort to limit visas and derogatory comments about foreigners has led to a drop in international tourism to the US of 10% or more. Brand USA hopes to use music and a partnership with Spotify to reverse the decline. Brand USA has announced that it will partner with Spotify to launch Hear the Music, Experience the USA, an integrated marketing campaign utilizing the power of music to promote international travel to the United States. Hear the Music, Experience the USA interprets Bobby Freeman’s iconic song, “Do You Wanna ...
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