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The Music Industry Doesn't Need To Be Saved
Source:
HypeBot
In this piece Bobby Owsinski refutes the idea that technology will “save" the music business, arguing that as long as people want to hear music, there will be a business around it, and that things like blockchain tech can only be so beneficial. Guest post by Bobby Owsinski of Music 3.0 If I read one more gratuitous click-bait headline that says, “Streaming Is Saving The Music Business,” or “Blockchain Is Going To Save The Music Business” I think I’m going ...
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Sony Music Reports Record Breaking 2017
Source:
HypeBot
When Sony announced their earnings report for the 2017-18 fiscal year, it revealed that the company’s recorded music business had seen revenue soar on updrafts created largely by music streaming. Sony Music reported revenue of about $4 billion, an increase of 12% over the same period in 2016. Streaming played a major role in those results, with revenue from the segment up by 37% to $1.8 billion and comprising 44% of Sony Music’s total. Physical Revenue Grew Too Surprisingly, revenue for ...
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Streaming Habits Mirror Purchasing Habits: The Big Lie Of Spotify [David Lowery]
![Streaming Habits Mirror Purchasing Habits: The Big Lie Of Spotify [David Lowery]](https://s3.amazonaws.com/allaboutjazz/photos/news/spotifylogo200.jpg)
Source:
HypeBot
A theory often perpetuated by Spotify maintains that streaming will yield more revenue than downloads or traditional retail sales, as it generates money for the artist with every play, as opposed to a one-time purchase. Unfortunately, streaming is a lot more like traditional sales than Spotify is letting on. Guest post by David Lowery from The Trichordist One of the biggest lies told by Spotify is that streaming will provide more revenue over the life of a record because every ...
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What Happens When Paid Streaming Has 96% Market Share? Sweden Has Answers
Source:
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
Source:
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
Source:
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?
Source:
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
Source:
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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