Music Inc. (BMI) saw revenue collections grow to
$977 million in the past fiscal year, up 3.5 percent
from the $944 million it gathered the year
previously. Meanwhile royalty distributions to
publishers and songwriters grew 3.2 percent to $840
million from $814 million for the prior year ending
June 30, 2013.
to a new survey conducted by Harris Poll on behalf
of online ticket company, Eventbrite, Millenials
would rather spend money on experiences than things.
Millenials are not their
parents. They donít care about flaunting wealth.
Fancy cars arenít as important as reliable ones.
Or even having one at all. Millenials live for the
Corp. is spinning off their profitable line of DJ equipment
into a new company, Pioneer DJ. They will sell Pioneer
DJ to private equity firm Kohlberg Kravis Roberts &
Co. for 59 billion yen ($549 million).
Corp. will own 15 percent of Pioneer DJ. Their line
of DJ equipment includes CDJs, turntables, mixers,
headphones, and more. They recently released the
new PLX-1000 turntable.
youíre in a band and want to get signed. Welcome to a
very large club! Unfortunately, most bands wonít get
signed, but in this article weíre going to discuss how
to give yourself the very best chance.
our artist focus puts us in the crosshairs of
influential trade industry groups and their
corporate members." The Future of Music
Coalition responds to an op-ed published last week
by the Nat'l Music Publishers Assoc.'s David
meet (and play with) too many musicians who donít want to
get to the venue early enough. Some like to arrive shortly
before they need to play, others slightly before doors and
others feel theyíre being responsible by allowing the bare
minimum amount of time they believe theyíll need to load
in, setup and sound check before start time or doors.
Radio has increased its forecast for subscription
growth by 200,000 accounts. The company now expects
to finish the year with net subscriber additions of
1.45 million, which would bring total subscribers to
CEO Tim Cook announced the new device
Tuesday morning during a live event at the Flint Center for
the Performing Arts in Cupertino. It's the first new product
from Apple since Cook took control of the company from Steve
Jobs in 2011. The watch
comes with a flexible band and rounded square screen.
musicians, we tend to think we can do it all. Weíre
independent artists. Weíve got our music, our talent, our
fansóand nothing else matters. Well, at least thatís how
it works in theory. The
reality is you need to learn how to run your band like a
business, and being resistant to this fact is the fastest
way to kill off whatever incomeóand independenceóyou
almost a right of passage every artist goes through in the
modern music industry. The moment he accepts that he will
not be able to rely on music sales to sustain his career.
That people are not buying music like they used to. And
never will again.
A year ago
when former Ticketmaster CEO Nathan Hubbard
joined Twitter as the social networking giant's first head
of commerce, he told Billboard, "the music
industry should be tremendously excited." Today we're
finding out one reason why, as Twitter announces a new
"buy" button allowing fans in the U.S. to purchase
merch, music or other wares directly from within a tweet.
you're one of the tens of millions who use Spotify's
free service, prepare to be taken over. The
streaming music giant has announced a pair of new
video ad products that will give brands a
super-sized presence while you listen
analysis of over 800,000 comments submitted so far
to the FCC's Open Internet forum debating the
regulation of Internet service providers reveals a
heavy use of form letters and an unsurprisingly
robust opposition to ending net neutrality.
Of the $15
billion in 2013 global sales of recorded music, nearly 40%
came from digital sources such as ad-supported and
subscription streaming or paid digital downloads.
That may sound good, but revenues were down about $1.5
billion from 2012. The worse news is that sales of albums
and individual tracks are falling still further in 2014,
last week hitting a new record low of just 3.97 million
the history of musicians and youíll find a time
when the minstrel played and was paid, but not
always in the currency of the day. Go back a few
decades. Youíll find a time when musicians were
led by record labels who would pick up the
promotional tab and pay artists in cash.
music industry isnít the same as it was in the
past. A lot of people have spent a lot of time
complaining about this following the rise of the
internet, but like everything else, itís just
change. Change isnít positive or negative,
rather itís what you do with that change that
matters. The successful musicians and music
business people are embracing that change and
running with it as a new breed of entrepreneurs.
streaming gathers momentum, the U.S. music industry keeps
breaking sales milestones -- the wrong kind.
This week's 3.97-million album sales tally is the smallest
weekly sum for album sales since Nielsen SoundScan began
tracking data in 1991. It's also the first time weekly sales
have fallen below
four million in that time span.