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Why Warner Music Shares Just Jumped 16%...
This part isn't about the music, really. It's about making a killing off of something about to be sold, which definitely describes Warner Music Group. And with that in mind, comments from suitor Bertelsmann sent investors rushing into Warner shares (WMG) during Tuesday trading. By the bell, WMG had gained13.25 percent to $6.58, after hopping as ...
Germans Are Suddenly Bigger Music Buyers Than Brits...
The Brits can be ferocious music connoisseurs, but their spending power is now getting beaten by the Germans. According to a 2010 review just released by the IFPI, Germany is now the third-ranked music market in the world, slotting behind Japanand the US. The UK is perched at an unfamiliar fourth-place. The move is happening despite ...
It Gets Crazier: iTunes = 85% of Indie Digital Revenues...
Last week, global independent trade group AIM stumbled upon a stunningly lopsided stat. Namely, that iTunes, Amazon, and Spotify collectively accounted for 94.4 percent of indie digital revenues, worldwide. The rest—specifically, 51 stores—were simply squeezed into the thinnest of margins. But it gets even crazier. Because after digging a bit deeper, it turns out that iTunes ...
Ingrooves Responds: Ours is Less Lopsided, Thank You...
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 ...
One Cop's Struggle to Make It as a Musician...
What's your day job? Well, singer-songwriter Jesse Weeks sometimes has a day job, other times a night job. You see, he's a Toronto police officer, and pursues his musical career while off-duty. And, he's done okay, winning a $15,000 songwriting competition and major radio and label attention. Still, it's been a struggle, and after grabbing lunch ...
Breaking: Muzak Acquired for $345 Million...
If Muzak had an elevator pitch, it took about 77 years to deliver. But now, the exit has arrived, thanks to a monstrous $345 million acquisition by Canadian rival Mood Media Corporation. According to Mood, the combined company will have 470,000 commercial locations across 39 countries, with a combined library of 1.7 million tracks and 30,000 ...
Are Consumers Really Screaming for Better Music Discovery? Take a Look...
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 ...
Whoa: 3 Stores = 94.4% of Indie Digital Revenues...
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 ...
25 Companies That Cracked the SXSW Noise Floor...
When it comes to 'noise floors,' SXSW practically has one glued to the ceiling. There are thousands of bands, companies, people, and events clamoring for attention, and yes—this is literally noise in many situations. Which makes it so incredibly hard to cut through, and raises serious questions about marketing strategy and investment. But who pulled it ...
Most Consumers Still Unaware, Disinterested in Streaming Services...
Let's step away from the industry bubble for a second, shall we? Because a recently-released report by Nielsen shows that most consumers are either unaware or disinterested in audio streaming services, whether paid or free. In fact, amongst all age groups and across both genders, a minority expressed both awareness and interest (and that doesn't count ...
