music industry
Digital Music News
“It’s the same reason why CDs are still selling billions, years after their prime. Technology simply moves faster than consumers, and older formats die hard. Which is why ringtones still accounted for $277.4 million in revenues last year – in the US alone – according to stats just released by the RIAA. That compares to $241.0 million in revenues from the likes of Spotify, Rdio, Rhapsody, MOG, and ilk, combined”
Music Think Tank
“It’s always exhilarating finding cases like this that validate the lessons we so often, teach, learn, and debate here on MTT. This story in particular, highlights the power of conscientious direct-to-fan (D2F) communication on the part of Fleet Foxes’ front man, Robin Pecknold.”
ASCAP
“For a small business owner such as a songwriter/publisher, knowing the market is vital. Budgeting for success means looking at income (when it decides to come in!) and making informed decisions about how to spend it most effectively. Up near the top of the list of expenditures (almost right next to eating) are demo costs. The financial outlay for demonstration recordings has risen to $750 – $1,000 per song. So, if you write 30 songs a year and only have $10,000 in your demo budget, you’re going to have to make some hard choices.”
Music Think Tank
“You’ve done it again. You’ve given away a free track from your latest album. It’s on your website. You’ve talked about it on Facebook. Job done, you think. Well think again.
There’s no doubt about it. Free music is a powerful marketing tool. However, the music industry has become so over-saturated with free music that we’ve become desensitized to the process of consuming, promoting, and thinking about the importance of free music. This age-old debate has become, well, old.”
SongTrust
“So what makes a great, remarkable lyric? Below are a list of five common mistakes that you should avoid when writing lyrics, as doing so will strengthen the overall quality of your songs:”
Evovler.fm
“When the MP3 revolution hit its stride, the coolest thing about it was how much control we were given over our music. Weightless files and tiny players let you carry your entire library around with you, all the time. Anything you wanted to listen to — so long as you had already hunted it down — was available instantaneously with a swipe of the finger. No longer would we be limited by what we could physically carry, or what a radio network chose to play.”
Seeking Alpha
“This DVD and Blu-Ray problem may initially appear all too similar to the problems with music piracy leading to plummeting compact disc sales in the recording industry. Investors who followed that industry saw former “big four” record companies Warner Music Group taken private in 2011 after years of losses, and EMI taken over by Citigroup (C) after EMI was unable to pay its debts. Citi announced last year that it intended to sell EMI in pieces to the other former “big four” members, specifically, a group lead by Sony (SNE) and Vivendi’s (VIVHY.PK) Universal Music. However Citi’s deal has yet to meet regulatory approval.”
Indie Connect Magazine
“Never stop networking. Always seek to meet new people and develop and maintain relationships. This includes all people from all walks of life. You never know who they know or will meet. You can’t know who is going to move into a decision-making position that can influence your career. Plus, the more connections you have, the more people you can turn to if times get tough.”
Bia Kelsey
“As will be detailed in BIA/Kelsey’s upcoming Investing In Television® and Investing In Radio® publications, in 2011 local television stations saw a 19.0 percent increase in their online revenues to $536 million for total industry online revenues, while local radio stations saw a 15.1 percent increase to $439 million for total industry online revenues.”
