MusiComms, the leading organization dedicated to the future of music distribution, announced today the results of its latest industry research. The survey, which was conducted in Q4 2017, polled 5,000 consumers across all demographics and regions across the United States.
How much will consumers pay for music? Will they ever pay more? How will this type of information impact music business strategy? Those are the types of questions MusiComms posed to consumers in their latest survey. Here’s what they learned: Continue reading “Consumers Surprise Industry with New Information About Music Spend”
Apple Reaches Music Deal With Warner, Eyes Sony Pact — www.bloomberg.com
Apple Inc. has secured a deal for songs from Warner Music Group, the technology giant’s first agreement with a major label since introducing its on-demand music service two years ago, according to people familiar with the matter.
Facebook Offers Hundreds of Millions of Dollars for Music Rights — www.bloomberg.com
Facebook Inc. is offering major record labels and music publishers hundreds of millions of dollars so the users of its social network can legally include songs in videos they upload, according to people familiar with the matter.
How Tencent's empire is making music pay — technode.com
While licensing fees can easily eat up the bulk of revenues, Tencent knows that in the long run, a firm control over copyright will give it an edge over competitors.
Stream Ripping Carries On Despite YouTube-MP3's Demise — www.billboard.com
The pesky world of stream ripping took a big hit this week with the demise of one of its leading purveyors, YouTube-mp3.org, but that doesn’t mean the practice of pirating MP3s from YouTube (and other services) is going anywhere.
Will.i.am Joins 'Mobile Record Label' Startup Amuse, Talks 'Defining a New Type of Record Industry' — www.billboard.com
will.i.am is betting big on data to drive the future of the music industry, as the Black Eyed Peas frontman announced on Wednesday his joining Swedish tech company Amuse as a co-founder.
Spotify Snags Courtney Holt From Disney for Top Content Job — variety.com
Spotify has lured digital-media veteran Courtney Holt over from Disney to lead its efforts around original video and podcast programming, Variety has learned exclusively.
Have High Performance and Lifestyle Audio Merged? — audiophilereview.com
Paul Wilson wonders what the future of Lifestyle Audio might be…
Music creators stuck in safe harbour trap, says musicFIRST — www.ipprotheinternet.com
A new campaign from music industry coalition musicFIRST has accused Google of hiding behind its legal ‘safe harbour’ to make millions at the expense of music artist.
Hi-Res Audio: As the Major Labels Get On Board, Momentum Continues to Build — ajournalofmusicalthings.com
The problem with compressed digital files (like but not limited to MP3s) is that they all sound like crap. A lot of dynamic range is gone, the high end can sound harsh and the bass can sound undefined.
Songtradr, the fastest-growing music licensing platform in the world, is expanding its product offering to include secure music file-sharing for its 100,000+ free and paid subscribers worldwide, and branded music curation for its network of partners.
“We’re growing Songtradr to become the one destination where artists can control, manage, share and monetize their music across all verticals,” said Paul Wiltshire, founder and CEO of Songtradr.
Along with these updates, Songtradr today announced a new partnership with Mood Media, the global leader in elevating Customer Experiences and largest provider of overhead music in the world.
“By working with partners like Mood Media, we can provide our artists with significant exposure and additional revenue opportunities collected from thousands of participating retail clients,” continued Wiltshire. “We look forward to growing our network of partners across many different verticals and supplying them with cutting edge music from Songtradr’s artists.” Continue reading “Songtradr Expands into Secure Music File-Sharing, Branded Radio Across Hundreds of Countries”
TuneCore today announced that its artists are approaching the groundbreaking milestone of earning $1 billion in revenue solely from downloads and streams.
“TuneCore is incredibly proud of our artists for reaching such an impactful industry milestone while keeping 100 percent of their earnings through streaming and downloads,” says Scott Ackerman, CEO at TuneCore. “We are deeply committed to helping our artists maximize their revenue, which is why we are so excited to celebrate as they approach this historic achievement. We encourage artists around the world to join the Billion Dollar Club and help reach $1 billion in artist earnings ahead of our projected date.” Continue reading “TuneCore Artists Close in on Milestone of One Billion Dollars in Revenue”
Arena Music has announced that it will begin offering royalty payouts for music streamed through the Arena platform in Bitcoin worldwide starting in June. The company has been testing the digital currency in Phoenix and Atlanta over the last 6 months. In March, Bitcoin reached parity with gold for the first time since its inception. It’s been deemed the “most exciting monetary experiment in modern times.”
The company is an on-demand merchandising storefront that leverages a free streaming service to help artists monetize their content in an industry where consumers no longer buy music to own. By using the music as a loss leader, Arena helps artists and labels redirect consumer attention to exclusive merchandise offerings.
Offering payouts in the popular cryptocurrency highlights the company’s forward-thinking approach and alliance with independent content creators by offering them compensation with another form of capital or investment–one that can never be offered by any subscription-based streaming platform. Continue reading “Arena Music, the First Artist Friendly Streaming Platform, Now Pays Royalties in Bitcoin”
According to a recent report from the Financial Times, music streaming is set to overtake CD and vinyl as the largest generator of income for British record labels in 2017. The report states that as more people opt for subscriptions to streaming services such as Spotify and Apple Music, revenues in the sector were pushed to a five-year high last year. Total income generated by the U.K. music industry increased by 5 percent to £925 million ($11.6 million) in 2016, from £881 million ($11.1 million).
Yet despite the popularity of the music industry, musicians often find themselves unfairly compensated.
To rectify this problem, the Open Music Initiative (OMI) and Ujo Music, among others, are attempting to change outdated modes in the music industry to ensure long-term sustainability, with the intent to use blockchain technology to support the creation of music.
Read Article: Bitcoin Magazine
Spotify and Merlin, the global digital rights agency for the independent label sector, today announced a new multi-year license agreement – ensuring the world’s leading independent record labels and their artists will remain at the core of Spotify’s offering to music fans.
Continuing a successful nine-year partnership, the agreement is structured to reflect and promote the value of Merlin’s collective offering of its members’ repertoire, while offering improved marketing and advertising opportunities and enhanced access to data.
Merlin member labels can also participate in Spotify’s recently announced flexible release policy. Continue reading “Spotify, Merlin Ink Global License Agreement for the World’s Leading Independent Record Labels”
What if we could replace antiquated physical contracts execution to fit with the new digital music age and real-time commerce? Well, today we can, and the technology is known as smart contracts. Just as the blockchain has emerged to claim its place as the up and coming financial instrument of the future, smart contracts have become an equally hot topic.
Electronic contracts, or smart contracts, between labels, distributors, and artists, can reshape the industry to ensure transaction and payment efficiency as well as increased transparency. Smart contracts are primarily a computer program whereby all parties can agree to the contract electronically, and it can also be enforced electronically.
This can be achieved through the introduction of blockchain technology. In the case of an executed smart contract, the blockchain would keep track of the ownership rights ensuring that the proper parties are paid in accordance with their smart contact. The more sophisticated the code, the more automated, self-executing, and “smarter” the contract.
Read Article: DataArt
In the context of the fast developing self distributed Artists market, Scott de Mercado (Audiotube Founder and CEO) has sought to address the growing demand for more transparent Artist centric digital services.
In 2015 Audiotube joined forces with Media tech executive and investor Xen Lategan, product developer and serial entrepreneur, Ted Nash and London based digital product design agency – Made by Fire. Together they set out to architect and develop a new Cloud-based Platform that delivers affordable, accountable, efficient and transparent solutions for digital distribution, marketing and monetisation for the music industry.
Following support from Google Cloud for Startups program and the European Commission, Audiotube has spent the past 2 years in R&D mode working closely with Artists, Managers and Record Labels, further developing the platform which is now being released Globally focusing on both mainstream and emerging markets.
Audiotube has its roots firmly planted in the Independent sector and has always championed the Independent Artist. Continue reading “Audiotube Delivers ‘Fairtrade’ Digital Music Distribution”
Alongside two other co-founders Viktor Tron and Fred Tibbles, he runs a small and agile company, , which helps rightsholders convert their repositories of media, music, metadata and rights into ‘smart content’.
Their smart content idea automates much of the admin and manual effort involved in managing, maintaining and delivering music across the digital supply chain using smart contracts and verified transactions on the blockchain.
The concept came on leaps and bounds this autumn at the EY Startup Challenge, which saw PRS for Music mentor JAAK for six weeks on the ins and outs of digital rights management from a collecting society perspective.
Source: M Magazine
With the rising popularity of music streaming platforms such as Spotify, Apple Music and Google Play, there are now fewer reasons to purchase songs and albums individually. This is to the dismay of several artists who claim they are being robbed of the total revenue they deserve for their work. Their argument is similar to the following analogy: you do not go into a clothing store and pay an entrance fee to then collect all of the items you want. This is what they feel listeners are doing when they pay a monthly fee to use services like Spotify Premium and Apple Music. They also think it is not fair to other fans who go out and buy their CDs when others just wait to listen to it for free online.
Source: Fordham Observer
Sure, the instant release is losing its special character, it’s not the revelation it once was. But instant availability is a treasure. We live in the era of instant gratification. To promote that which we cannot consume is to leave money on the table. If you can get someone’s attention, let them click, let them experience, let them listen!Which is why exclusives are to the detriment of artists.
There’s a movie on Apple Music and the press does a story and then the rest of the world forgets about it. If you’re bothering to sell, let people partake.But the music business has become about the short money. If you pay me now, I’ll forget about tomorrow.
Source: Lefsetz Letter