Nielsen, one of the top music industry reporting agencies, has released its middle of the year report. Overall albums sales have dropped due to the increasing popularity of streaming, while vinyl record sales have jumped a remarkable 40%. Here’s why one of recorded music’s oldest formats may be the key to producing a profitable album.
You can add the mobile app to your list of possible album formats. Norwegian artist Jarie Bernhoft released an app for his newest album that allows fans to listen to it in HD, make their own remixes, watch 3D video and view exclusive material and photos. So far, the fan response has been good and some music industry watchers are saying it could pave the way for the future of iOS music.
Another commercially-focused HD audio player is coming to the music world. The Geek Wave, a mobile audiophile-grade DAC by Light Harmonics, raised over 3,000 per cent of its IndieGoGo campaign goal. It features the ability to playback virtually any digital audio format available, from MP3 to DSD128–all for less than $500.
As streaming continues to boom, causing music sales to decline, the traditional measures for a record’s success have been updated by RIAA. Streams will now contribute to a record’s total unit count, but at only a rate of 1/100th of a sale.
The first ever award show for stock music composition and production will take place this fall. Set to take place in London, the Library Music Awards will look to champion the “best and brightest” makers of stock/production in the music industry, by presenting awards in a dozen categories.
SoundCloud released a new version of its iPhone app this month, which eliminated many of its best features for artists. Gone are the abilities to comment, “like,” or even easily explore new releases from your favorite streams. Not unexpectedly, many producers and artists have voiced their disappointment with the app, citing a complete disregard for the experience of the musicians.
One of Nashville’s most iconic recording spaces nearly closed down this past month, and it raises the question about the viability of big studios in the age of digital recording. Among the many obstacles studios face, here are three key challenges that are going to directly affect the business of big studios.
In reaction to the low profitability of mainstream streaming services like Spotify and Pandora, some independent record labels and artists are creating their own subscription streaming models as an alternative for loyal fans and a new model for selling their music. This new model could be the answer to both further engaging loyal fans digitally, and reclaiming lost revenue to big streaming services.
The International Federation of the Phonographic Industry just released their annual Digital Music Report. The free document provides statistics and trends on how the music industry performed last year. Among its findings is the confirmation that subscription streaming services have grown significantly. Here’s what else the report had to show.
Thanks to the numerous distribution channels available online, it’s easy to share and sell your music with the world. With the advent of distribution services to help you get your music in iTunes, Spotify, Google Play and others, there are a lot of options for publishing your music online. Here’s an overview of the costs and services offered by four of the most popular music distribution services.