With yesterday’s release of music industry revenue for the first half of 2015, a definitive picture emerges of two things: How streaming has eclipsed CD sales over three years, and how ad-supported streaming delivers more revenue than music subscriptions. Continue Reading
Streaming had a strong performance in the first half of 2015, according to the latest RIAA report. Overall wholesale revenue rose 0.8% to $2.3 billion compared with the year-ago period, and overall retail value inched down 0.5% to $3.2 billion. While those percentage changes are small, they do still mark a contrast from the group’s 2014 mid-year report, where the market’s wholesale revenue dropped 2.5% as streaming growth wasn’t enough to balance the losses in other sectors. Continue Reading
Another chapter in the saga between Sirius XM and Flo & Eddie has unfolded and potentially concluded. Following the satellite radio company’s settlement with the RIAA for $210 million in royalties for playing songs recorded before federal copyright law took effect, the former Turtles members tried to argue that the settlement would impede its class action efforts against Sirius. The duo made an effort to change the settlement payout, but yesterday received a ruling that the deal with the RIAA did not impact Flo & Eddie’s class action efforts. Continue Reading
The RIAA and the BPI have issued their 200 millionth URL takedown request to Google. The RIAA has submitted 19,569 total requests and the BPI has made 295,730. These requests seek to remove pirated content from the web. The two record industry organizations for the U.S. and UK, respectively, have been pushing for the tech company to adopt stricter measures to prevent this type of music piracy. Continue Reading
The RIAA released sales and revenue numbers for the first half of 2014. At the top line, a decrease of 4.9% in overall revenue. Streaming posted 28% growth during the half-year — those services supplied 27% of total industry revenue during the front half of the year, drawing close to the 28% share represented by physical music sales. Click through for more. Continue Reading
A mere month after Grooveshark announced that it would be supported on the Chromecast dongle, the streaming service was suspended for violating Google’s Terms of Service. The problem stemmed from allegations by the RIAA that Grooveshark was infringing on artists’ copyright. Continue Reading
REELRADIO, which streams radio airchecks, announced that it received a copyright compliance notice from the Recording Industry Association of America (RIAA). The company notes that structural and technical facts make compliance difficult. Continue Reading
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
The Recording Industry Association of America released 2023 revenue metrics. The at-a-glance story shows rocketing upward revenue, but that glance does not adjust for inflation. We do. Also, how streaming dominates. Continue Reading
The recorded music industry reached an all-time high in total revenue for the first half of 2023 — $8.3-billion across all reported categories. Streaming accounted for $7.0-billion, 84% of the total. On average, there were 96-million music subscriptions in H1 2023. All this and more from the Recording Industry Association of America (RIAA) in its annual mid-year report. Continue Reading
Russ Crupnick of MusicWatch returns to RAIN News with a bold and well researched assessment of SiriusXM, reaching a broad conclusion that the satellite/streaming service is underestimated after a challenging Q1 earnings call. Original research from MusicWatch bolsters the argument, in addition to several keen business-side observations from Russ. A thorough assessment and a good read. Continue Reading
Major label Universal Music Group (UMG) has asked Spotify, Apple, and other streaming platforms to block AI-generated music. Based on reporting (HERE and HERE), this is not a legal action, but an urgent request. For now, the news is framed as a request from UMG to streaming services. That stage of protest is reminiscent of major-label protests of Napster and other file-sharing platforms in the late 1990s. That tumultuous period eventually led to label lawsuits against Napster users, meant to both punish individuals and demonstrate purposeful intent to everyone. We see a significant likeness harking back to the 1990s file-sharing epoch. Click through for key facts and RAIN’s speculation. Continue Reading