Day: 2 avril 2019

Despite growth, music labels warn: ‘We should never be complacent’

Four consistent years of global growth is something to swell the record industry’s heart, and the 9.7% rise in 2018 means it is approaching double-digit growth – a big change from the double-digit decline that defined the first decade of this millennium.
There’s an increasing focus on the role that emerging markets – or ‘high-potential markets’ as the IFPI now calls them – may play for the industry in the coming years. But that’s tied in to other issues that labels are still keen to address.
The spectre of the value gap hung over the IFPI’s Global Music Report and press conference this morning, as it has done for the past few years, but the name ‘YouTube’ was not mentioned directly. Instead, it was the elephant in the room.
The post Despite growth, music labels warn: ‘We should never be complacent’ appeared first on Music Ally.
Source: Music ally

Streaming drove 9.7% rise in global recorded-music revenues in 2018

Global recorded-music revenues grew by 9.7% in 2018, according to industry body the IFPI. Its annual Global Music Report, which is published today, reveals that strong growth in streaming revenues more than made up for the continued decline in sales of CDs and music downloads.
The headline figure is $19.1bn: that’s the total revenue for recorded music last year, up from $17.4bn in 2017. The figure includes revenue from streaming, sales, performance rights and synchronisation income – but not the publishing or live-music sectors. It’s the fourth consecutive year of growth for recorded music globally.
Within this, global streaming revenues grew by 34% to $8.9m in 2018, accounting for 47% of the global total. Paid streaming grew by 32.9% last year and accounted for 37% of total revenues (around $7.1bn).
The post Streaming drove 9.7% rise in global recorded-music revenues in 2018 appeared first on Music Ally.
Source: Music ally

Billie Eilish album on course for impressive first-week streams

Who knew? Billie Eilish is quite popular with music-streamers, as well as with the streaming services. Billboard reports that her album ‘When We All Fall Asleep, Where Do We Go?’ is on course for more than 170m on-demand audio streams in the US alone in its first week. Although just as impressive is its predicted total of […]
The post Billie Eilish album on course for impressive first-week streams appeared first on Music Ally.
Source: Music ally

Pandora will test interactive voice ads later this year

When we talk about what voice assistants and smart speakers mean for music, we tend to focus on interactions with the music itself: people asking Alexa, Google Assistant or Siri to play certain tracks and artists, or other kinds of requests eliciting personalised streams of music. We don’t talk so much about how those music […]
The post Pandora will test interactive voice ads later this year appeared first on Music Ally.
Source: Music ally

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