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Soundexchange's Biggest Competitor Just Got Audited. and They're Clean...
So who do you trust with your royalties, anyway? This is a fight that goes way beyond Sirius and SoundExchange, and a major sticking point throughout will be transparency. Which is why Sirius' backend royalty processor just underwent a rigorous auditing process, one designed to further convince labels to switch teams for satellite radio royalty administration. ...
This is What the Music Industry Looked Like when Napster First Arrived...
Here's a snapshot of what the music industry looked like when Napster first arrived in June, 1999. CDs accounted for 89.4 percent of overall recorded music sales, according to the RIAA. Cassettes still accounted for roughly 7.6 percent of the total, LPs were roughly0.2 percent, and album downloads were essentially nonexistent. There were 5 major labels: ...
Ladies and Gentlemen, Pandora is Now Profitable...
Wall Street was mostly unimpressed, but by music industry standards, this is a moment. On Tuesday, Pandora revealed something remarkable: profitability, at least for a fleeting three months. During its quarterly wrap-up today, Pandora (P) reported a slim profit of $638,000, a reversal from a year-ago decline of $1.77 million. The number translates into break-even on ...
Grooveshark Has a Huge New Backer: Mercedes-Benz...
There's a reason why it's so difficult to get your music off of Grooveshark: it's worth millions in advertising revenue! Case in point: Mercedes-Benz, which is now a top-level, marquee advertising client for Grooveshark. This is a premium campaign that involves ad wrap-arounds, an ubiquitous branding presence, exclusive music releases, and most likely, a truckload of ...
Traditional Radio Advertising Has Been Increasing for Nearly Two Years...
No, traditional radio isn't booming. But it's also not dying: not yet, and not in this economy: according to financial figures shared today by the Radio Advertising Bureau, traditional advertising revenues have been gaining for seven consecutive quarters, or nearly two years. These aren't champagne-popping gains, but they do reflect a certain level of resilience. During ...
If You're a Soundexchange Label, You've Probably Received This Letter...
This is Exhibit A in the ongoing battle between Sirius XM Radio and SoundExchange. It's a letter being sent to SoundExchange member labels, and part of an increasingly aggressive move towards direct licensing relationships. According to one label speaking with Digital Music News this week, Sirius XM partner Music Reports, Inc. has been calling multiple times ...
It Gets Worse: Facebook is Tracking Users That Don't Even Have Accounts...
Facebook is even tracking users that have never created an account, according to details admitted by top executives at the company. And, that tracking starts after just one visit to any part of facebook.com. USA Today engaged in a detailed series of interviews with several top-ranking Facebook users, and discovered a cookie-and-tracking complex that shifts depending ...
Google Just Dropped Two Gigantic Bombs on the Music Industry...
Here's the snapshot of what Google presented in Los Angeles earlier today. There's a download store. But who really cares if Warner Music Group wasn't on board? Paid downloads have always been a sideshow for consumers, anyway (though perhaps this means slower WMG uploads, let's see). There's a social component. ...
Study: Spotify is Detrimental to Music Purchasing...
Spotify and similar access models are discouraging other forms of music purchasing—not encouraging them—according to a recently-released finding from NPD Group and NARM. In fact, access has been deemed 'most detrimental' to monetization across nearly all demographic categories. This is from the report, released a few days ago and shared with Digital Music News. In the ...
