Five Music Business Articles You Should Be Reading
Streaming and crowdfunding continue to dominate the music industry conversation. Here are some recent major happenings in music business news that you should be up on:
71% of All Music Listening Is Now Free, Study Estimates
In the ongoing conversation about artists getting paid fair royalties for their music this should turn some heads. According to a survey recently conducted by the British Phonographic Industry (BPI) and Entertainment Retail Association (ERA) in the UK, roughly 71 percent of all music listening is unpaid. Ouch!
Read More…
But this is a step in the right direction…
If You Want iTunes Radio, You’re Gonna Have to Pay for It
At the end of January, Apple will be making Beats 1 its free broadcast platform and phasing out the ad-supported stations. Apple will then bundle iTunes Radio with Apple Music, customers will pay $10 on-demand music streaming and commercial-free radio. This should get more people to pony up $10/month which will get divided among rights-holders, especially since nobody use the Beats platform anyway. Sorry Beats, it’s true.
Read More…
Music streaming 2016, Part 1: the current streaming landscape
This is a great article that makes some predictions for 2016 by looking back at how trends in music listening have changed from 2014-2015. Obviously, streaming is becoming more popular, though digital downloads seem to be hanging on strong and both are taking market share from physical sales. Also worth checking out, they list each major streaming service and give some summaries and history. If you ever needed an intro to streaming services, this is it.
Read More…
Music streaming 2016, Part 2: the complex revenue equation
Part 2 of the article is another worthwhile read. It gives an overview of the new revenue equations (which we reported on back in December) and some strategies for using streaming services to promote your act in 2016.
Read More…
New Tool Helps Crowdfunders Find Backers and Super Backers on Kickstarter and Indiegogo
Crowdfunding has become a major way for artists to raise money for their next album. Tired of trying to hit up your friends and relatives up for some money? Krowdster has launched the world’s largest searchable database of backers and super backers on Kickstarter and Indiegogo. You can now search the database to see who gave large amounts of money to projects like yours…and then ask them for money.
Read More…
