The Recording Industry Association of America (RIAA) released its report of 2013 sales and revenue today. (PDF here.) The main bullet point is that streaming is the fastest-growing segment of the recorded-music industry, and its revenue contributes to keeping the industry stable. Streaming has contributed a continually escalating percentage of total revenue since 2007. Continue Reading
Radio and records — if you’re of a certain age, that’s what “home listening” meant while growing up. Now, listening at home has more options than all the new definitions of “radio” and “records.” What is your favorite device for listening to music and audio at home? Vote your favorite! Hard to choose? Give us more context in a comment. Continue Reading
Pandora just saved about $21-million. The recently concluded ASCAP vs. Pandora trial could be framed as a draw, with the disputed royalty rate to publishers maintained. But crunching the arithmetic shows the court decision comes much closer to Pandora’s desired outcome than ASCAP’s, and provides a view of how much money Pandora saved — or ASCAP lost, depending on the viewpoint. Continue Reading
M. Luke McDonell is a writer, artist, and photographer living in San Francisco. A veteran of South by Southwest, she is contributing airy contributions from the 2014 show. This SXSW report is from the first weekend of SXSW Interactive. Continue Reading
RAIN Summit West will occur on Sunday, April 6th in Las Vegas. One afternoon panel is “Moving the Needle on Streaming Audio Ad Revenues,” moderated by Rockie Thomas, VP of Business Development at AdsWizz. Thomas will lead a discussion among a lineup of executives from SoundHound, Pandora, Spotify, Targetspot, Triton Digital. Continue Reading
The ASCAP vs. Pandora rate-setting trial, brought before a federal judge to determine how much Pandora must pay music publishers and composers to play recordings of their music, has ended in a preservation of Pandora’s existing rate. While Pandora hoped to lower that rate by a small amount, ASCAP hoped to raise payments by up to 62% Continue Reading
The five most-read articles last week: iHeartRadio’s news bulletin; Amazon’s possible music service; Mixcloud’s ambitions; Neil Young’s very successful bad idea; RAIN Poll results. Continue Reading
The Radio Advertising Bureau (RAB) today released a 2013 revenue report for broadcast radio. By a wide margin, digital revenue led other income segments in year-over-year comparisons. Overall revenues were flat in 2013, when examined through two lenses: full year-over-year, and Q4 2013 vs. Q4 2012. Digital is growing fast from a small percentage of total radio revenue — 5% in 2013. Continue Reading
Amazon is reportedly negotiating with music labels about an Amazon-branded music service. According to Recode’s sources, the talks are not flying along because Amazon is asking for more favorable licensing terms than those negotiated by music-only services. Continue Reading
In an interesting and opportunistic maneuver, U.S.-based music service Rdio has acquired teetering Indian streaming platform Dhingana. Dhingana will power Rdio’s India launch sometime this year. The Indian music business is estimated at $170-million, mostly comprised of Bollywood (or “filmi”) songs. Around the edges, Indipop, regional music, devotional songs, and infiltrations of Western pop are additional categories. Continue Reading
The General Manager of Rhapsody-owned Napster Europe caused some raised eyebrows, confused head-scratching, and probably an internal memo or two, when he was quoted in an Inquirer interview saying that streaming platforms will always be mainly discovery tools for buying CDs. The remark clearly didn’t play well, so Schliesche went back to The Inquirer to revise the record. Continue Reading
This guest column is from Anthony Gherghetta, Creative Director at The App Studio in Melbourne, Australia. “Broadcast radio is at a pivot point where it needs to slightly change direction or risk being left behind. In two or three years the ship will have sailed. Revolutions need revolutionaries and radio needs them now.” Continue Reading