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Streaming May Topple Music Industry Iceberg
The IFPI reports that digital sale grew a meager 5.1% last year and that in the U.S., growth was almost flat at 1.2%. These numbers and chart that accompanies them aren't that shocking, but they do illustrate why the major labels are both excited for Google and Spotify to come to the market, yet terrified about ...
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 ...
Another Industry First: Music Royalties Fall 1%
For the first time, PRS for Music reported a 1% annual fall in total royalties. Why the decline? PRS suspects that digital piracy and a fall in high street sales are to blame. Royalties are down £7m to £611.2m in 2010, the Guardian says. Recorded media royalties also “fell 8.8%." According to PRS CEO Robert Ashcroft, ...
Simple, Effective Cross Promotion - Folk Artists Cover Each Other's Singles, Tour U.S. Together
Love a fellow musician's song? Do they love your music too? Perfect. Cover each other's singles and take off on a tour of the U.S. That's the strategy being employed by folk-singer Joe Pug and Philadelphia's Strand of Oaks. Before the tour launched, Pug covered “End in Flames" by Strand of Oaks, and Strand of Oaks ...
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 ...
Music Recommendation Engines Not Satisfying Fans
A new survey by Orpheus Media Research reveals that music recommendation engines are gaining ground among consumers but are failing to offer them accurate results. According to ORM, 54% of respondents had used an engine, with only 40% of them using it daily or a few times a week. While using an engine, 77% have discovered ...
Canada Beats U.S. in Digital Music Growth
According to the latest Nielson Soundscan figures digital music sales grew in Canada by 19%, while the U.S. market remained stagnant, with just 1% growth. This marks the fifth straight year in which the Canadian digital market has grown faster than the U.S., says law professor Michael Geist. “The recording industry will no doubt point to ...
MySpace Traffic Falls off Cliff [chart]
At SXSW, I had several very smart industry insiders tell me confidently that it's only a matter of time before MySpace makes a comeback. Judging from new traffic stas, the resurection better happen soon. According to Comscore, in one month between January and February of this year, worldwide unique visitors to MySpace fell a whoping14.4% from 73 ...
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 ...
