Day: 20 septembre 2018

RIAA mid-year stats: 10% growth in US recorded-music market

US industry body the RIAA has published its mid-year figures for 2018, outlining the growth in recorded-music revenues in the first half of this year.
Retail spending on recorded-music grew by 10% year-on-year to $4.6bn, while wholesale revenues (after the cut taken by digital services) also grew by 10%, to $3.1bn.
Streaming now accounts for 75% of retail recorded-music revenues in the US: the category grew by 28% year-on-year to $3.4bn in the first six months of 2018.
The post RIAA mid-year stats: 10% growth in US recorded-music market appeared first on Music Ally.
Source: Music ally

Spotify tests tool for artists to upload their music directly

Spotify is testing a tool that will enable independent artists and labels to upload their music directly to the streaming service, without having to go through a distributor.
The company has quietly been testing this tool with a few DIY artists and small labels, but is now opening it up to “a few hundred” US-based artists, via invitations, but with the aim of expanding that to more artists, labels and management teams in the future.
This is separate – but strategically related – to Spotify’s experiments with licensing music directly from artists, which were revealed earlier this year. Unlike those deals, the new direct-upload tool does not involve paying advances to artists. It’s purely a means for them to put their music on Spotify without going through a middleman.
There are significant implications here: for the distributors who currently play that role, including the in-house distribution and label-services divisions of the three major labels; for the artists and independent labels who will get 100% of their royalties under Spotify’s new system; and for rival streaming services who may feel encouraged (or even obliged) to follow suit.
The post Spotify tests tool for artists to upload their music directly appeared first on Music Ally.
Source: Music ally

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