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More Proof That Newer Artists Have It Harder...
or the first time this year, older albums started outselling newer albums, across CD, vinyl, and download formats. But this is a trend that's been happening for a while, and reflects a devaluation that is hurting newer artists the most. The reason is that albums simply put more money in the pockets of artists (and their ...
Uh-Oh: Music Financing is Down 37 Percent on the Year...
Don't call it a bubble-pop! But music-focused financing is down a lofty 37 percent on the year, according to the latest tallies. The year-to-date count (as of July 19th) now stands at $256 million even, a number that includes a monstrous, $50 million round for Soundcloud in January and an even more massive, $135 million round ...
For the First Time, Records of the Past Are Outselling New Ones
For the first time since Nielsen Soundscan began keeping track of album sales in 1991, old records have outsold new ones, with the first six months of 2012 seeing album sales of 76.6 million “catalog" records (albums released more than 18 months ago) compared to 73.9 million current albums. Topping the catalog sales charts are Guns ...
British Album Sales Are Officially Imploding...
When's the last time you bought a CD? A recent survey conducted by Audio-Technica in the UK found that 40 percent simply couldn't remember the last time, while 20 percent reported downloading something in the last week. So what about the rest? Nearly half (49 percent) felt that free downloading was perfectly acceptable, which probably means ...
Artists and Labels Must Accept the New Music Industry
Guest post by Gregory Haberek, artist manager and co-founder of All For The Addicts Management. Music has been a part of human culture since the beginning of history, and it continues to transcend language barriers, belief systems, and remains completely open to interpretation. Musicians create works of art through emotional expression and artists create because they ...
Denial of a Digital Lifestyle: Living the Life of an Ostrich (with Your Head in the Sand)
Guest post by Brian Thompson of Thorny Bleeder. According to legends (although there is no evidence to show that this is true), ostriches have a tendency to bury their heads in the sand as a way to avoid danger. Today, people are often said to bury their heads in the sand when they refuse to confront ...
Average Concert Ticket Prices: 1981-2005...
This was a central exhibit in a ten-year, exhaustive class action lawsuit against former Live Nation parent Clear Channel. It focused on the markets of Denver and Los Angeles, and attempted to prove that monopoly control was unfairly driving ticket prices into the stratosphere. It was ultimately rejected and tossed by a federal judge for a ...
Kyle Bylin: 3 Insights into Future of Geosocial Music
The geosocial revolution (see Foursquare and Facebook Places) promises to connect us to the places we visit and the people who frequent them, while helping us discover music in new ways, too. Over the past year, a number of startups have released location-based music apps—each aspiring to revolutionize the way we listen to music. Wahwah.fm, the ...
Overheard @ The Future of Money and Technology Summit in S.F.
The Hotel Kabuki in San Francisco was packed yesterday with visionaries, entrepreneurs, developers, press, investors, authors, solution providers, service providers, and organizations that all work at the convergence of cash and commerce. The Future of Money & Technology Summit set out to explore the impact that technologies of today and tomorrow will have on people's relationship ...
Independent Record Stores Dominate Vinyl Sales [chart]
According to stats shared by Nielson, this Saturday's Record Store Day should give U.S. indie music stores something to sing about , thanks in large part to strong vinyl sales. In the past, album sales the week of Record Store Day have seen significant gains at the stores, with sales the week of the 2011 Record ...
