“Don’t do it for the money” — Tom Webster at RAIN Podcast Business Lunch (transcript)
Missed the webinar? Would rather read anyway? Here is the transcript of the inaugural RAIN Podcast Business Lunch, featuring Tom Webster. Continue Reading
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Brad Hill: Tom Webster is senior vice president of Edison Research. He’s been with Edison for nearly eight years. He has keynoted at conferences around the world. The Infinite Dial is Edison’s flagship consumer research in the audio field cited… Continue Reading
2021 U.S. music revenue, driven by streaming, on pace to set new record (RAIN projection)
The U.S. recorded music industry is projected to exceed a 48-year revenue record set in 1999, according to RAIN’s examination of reports from the RIAA. The historical revenue high point was set in 1999 at $14.6-billion in recorded music revenue. Based on a persistent trend of H2 revenue exceeding H1 revenue, we project a new high water mark driven by streaming, the most lucrative channel for music labels. Click through for details and infographics. Continue Reading
American Music Fairness Act latest legislative push to reverse radio royalty exemption
A proposed bill called the American Music Fairness Act was introduced yesterday in a public spectacle attended by Dionne Warwick and other music celebrities. The legislation is fronted by congressional reps Ted Deutch (D-FL) and Darrell Issa (R-CA). Click for details on the argument and the proposed solution. Continue Reading
SoundExchange: $947M distributed to U.S. record industry in 2020
U.S. government-regulated collection agency SoundExchange distributed $947-million in online performance royalties last year. The money went to labels and independent owners of recorded music in 2020. It’s a 4.3% lift from 2019 distributions. Continue Reading
Infinite Dial: Older types of listening rule the road as 80% of cars still lack modern in-dash entertainment systems
While listening trends are changeable on the whole, American in-car listening routines are decidedly un-modern. AM/FM radio, owned music files, and CDs are the most-used sources. Online streaming and podcasts are making gains, hampered by an 80% lack of in-dash entertainment systems in the American car fleet.
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Warner Music Group emphasizes streaming in rising revenue and higher margins (fiscal Q1)
In its fiscal-Q1 earnings report (quarter ending December 2020), Warner Music Group reported its highest overall quarterly revenue in its history as a standalone company, and 16% digital revenue growth. Streaming was discussed at length by CEO Steve Cooper and CFO Eric Levin. Click through for quotes, numbers, and analysis. Continue Reading
IFPI: Streaming was more than half of global 2019 music revenue
The IFPI has released its annual global music report, offering a look back at the results for an increasingly international industry over the course of 2019. As we’ve already seen in so many individual markets, streaming is continuing to secure growing shares of the music market. It was responsible for more than half of the global revenue in 2019, according to the IFPI’s results. Continue Reading
Weirdly, owned music takes over in-car listening growth (Infinite Dial 2020)
Adding to our takeover newsletter coverage yesterday of The Infinite Dial 2020, we will indulge in some pinpoint recognition of interesting results. Listening in the car is a key part of the Infinite Dial package. We noticed that “owned music” enjoyed the greatest growth as the audio source used most often in the car. Um, why? Continue Reading
RAIN Predictions winners (challenge #1): Steve Pratt and Alexis van de Wyer
RAIN published our annual Predictions feature in the first week of January. We challenged participants to predict a key metric in the RIAA 2019 report of streaming music revenue. Alexis van de Wyer and Steve Pratt were both right to a half percentage point. Continue Reading
CTA projects $9 billion in U.S. streaming music revenue for 2020
The Consumer Technology Association has released its annual forecast for 2020. The report projects that the consumer tech industry will see $422 billion in retail revenue this year, which would be a record-high and a 4% increase from the 2019 result. Continue Reading
Metallica, famous for digital curmudgeonry, celebrates Spotify 2019 stats
Metallica music was streamed a billion times in 2019 by 46-million people who listened to 90-million hours of the stuff. Those metrics were shared by the band from its Wrapped for Artists tool. There is a certain irony. Continue Reading