Record labels are angry about the relatively small fees the platform pays for music videos compared with streaming services he music business is a tough place for most artists to make money. This struggle was thrown into sharp relief last week when the UK industry revealed that artists earned more from vinyl sales in 2016 than they did from YouTube payments for viewings of music videos. The BPI, the record labels’ association that promotes British music, says this is […]
Universities are trying to teach students how to get ahead in an evolving industry. It has been a tough decade for the music industry, but some are beginning to hear a happier tune. Employment for musicians is growing due to increased demand for live performances. The average hourly wage for musicians is now around $22, well more than the countrywide average of $16. A 2012 Berklee College of Music report found that the average personal income of more than 5,000 […]
Data from what we download and listen to can now be mined to create and promote future songs. Fifteen years ago, Steve Jobs introduced the iPod. Since then, most music fans have understood this has radically changed how they listen to music. Less understood are the ways that raw information – accumulated via downloads, apps and online searches – is influencing not only what songs are marketed and sold, but which songs become hits. Decisions about how to market and […]
We start off in the birthplace of classical music (not to mention sachertorte and all-around fantastic sausages). Vienna-based Record Bird has just announced a mid six-figure funding round. Accordingly, the Austrian music startup has also hired former Rdio and YouTube executive Stefan Baumschlager. Record Bird focuses on providing fans with notifications about their favorite artists, including new releases and content. The startup said it would use the funds to grow its audience and further their work on their apps. Up north […]
After years of lamenting the decline in CD sales, music industry executives might have been popping champagne corks at the latest figures from the Recording Industry Association of America. Revenues from recorded music were up 0.9 per cent to $7bn (£4.9bn) in what the RIAA called “a milestone year for streaming music”. But Cary Sherman, chairman and chief executive of RIAA, said the champagne should remain on ice. Streaming services had accrued 13 million subscribers by the end of December, […]
Last year was another eventful one in the history of music. And that was no surprise. In 2016, the music industry saw its first signs of true growth since the internet started ravaging it a decade and a half ago. By mid-year, labels saw revenue grow 8.1% over the same period in 2015, fueled mostly by an explosion in subscribers flocking to services like Spotify (40 million subscribers) and Apple Music (20 million). Indeed, in early 2016, we learned that […]
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