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IFPI Digital Music Report shows global snapshot of streaming growth

The IFPI released its annual Digital Music Report, complete with an assessment of industry trends and case studies. According to the group’s data, 2014 was the first year that digital channels and physical channels accounted for the same proportion of revenue, 46% each. The digital revenue totaled $6.85 billion for the year out of the industry’s total revenue of $14.97 billion. About 41 million people now pay for music subscriptions, which accounted for 23% of global digital music revenue. Continue Reading

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Bandcamp announces formal launch of artist-based subscriptions

Bandcamp has rolled out an artist subscription for all musicians on its platform. CEO Ethan Diamond spoke with The Guardian about the new feature prior to the official announcement at the SF MusicTech Summit. “The whole motivation here is that when you get to a point that you love an artist – when you go from liking them to being a real true fan of theirs – at some point you just want everything they make,” he said. Continue Reading

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Bandcamp starts beta testing new artist-based subscription feature

Bandcamp introduced a new approach to music ownership this week with the trial of an artist-based subscription. An independent band called Candy Says is using the direct-to-fan platform’s beta feature to offer an annual subscription to its music. For £20 (about $32) a year, listeners can have seven of the group’s back catalog and Bandcamp-only albums in addition to all new releases. The songs will be made available as downloads and as streams. Continue Reading

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INgrooves CEO sounds off on solving digital music’s math problems

Debates over the digital music industry have been raging fast and furious of late. This week, INgrooves Music Group CEO and Founder Robb McDaniels wrote a guest post for Hypebot with his opinions on the current state of affairs. He highlighted how much (or how little) artists can monetize on YouTube. Continue Reading