Day: 5 mai 2020

Spotify should pay musicians more? Let’s talk more about how

Earlier this week, we covered the IFPI’s latest figures for global recorded music revenues, which grew by 8.2% in 2019. Artist rights group the Future of Music Coalition made an important point when it shared our story on Twitter.
It’s true. In 2019 the recorded music industry enjoyed its fifth consecutive year of growth, taking it nearly back to its 2004 level. Meanwhile, outside the recorded sector, publishers are also seeing their revenues grow, while collecting societies are regularly breaking their records for payouts.
All of this is being driven by streaming (and particularly by paid streaming subscriptions), yet this growth is accompanied by a resurgence in unrest from the musicians whose work has made that growth possible. Many are worried that streaming royalties aren’t providing a sustainable income.
The contrast between these fears and the rosy industry figures is sharpened now, during the Covid-19 pandemic, with the live music industry having shut down entirely in many countries, with an anticipated hit to public performance royalties to come.
The post Spotify should pay musicians more? Let’s talk more about how appeared first on Music Ally.
Source: Music ally

Music Ally Startup Files: Fanaply’s limited-edition digital collectibles

In November 2019, WMG’s head of innovation, recorded music, Scott Cohen told Music Ally that he was interested in the ways that blockchain technology could create new value for the industry. One example: digitally-scarce collectibles that fans would buy and show off.
Fast-forward six months, and one of the startups in the latest cohort for the Techstars Music accelerator, Fanaply, is working on exactly that. WMG is one of Techstars Music’s partners. Go figure.
At a time when tips economies are creeping onto the music industry’s radar again, the company’s pitch is different: why ask fans to tip to show their devotion, when they could buy an exclusive, limited-edition virtual item that displays their fandom to the world?
The post Music Ally Startup Files: Fanaply’s limited-edition digital collectibles appeared first on Music Ally.
Source: Music ally

#NextStageChallenge attracts applicants from 39 countries

We reported on the #NextStageChallenge last month: it’s an initiative that’s trying to round up developers for a hackathon and accelerator to tackle some of the challenges that the Covid-19 pandemic has created for musicians. Music Ally is one of the companies collaborating on the challenge. We’ve now got an update on participation: 425 applicants from […]
The post #NextStageChallenge attracts applicants from 39 countries appeared first on Music Ally.
Source: Music ally

Were independents the big winners from 2019 streaming growth?

We covered the launch of the IFPI’s latest Global Music Report yesterday, and the official figures showing that global recorded music revenues grew by 8.2% to $20.2bn in 2019 – the biggest total since 2004. Now the analysis is continuing of what the figures tell us about trends in the market. Midia Research, which put out its own […]
The post Were independents the big winners from 2019 streaming growth? appeared first on Music Ally.
Source: Music ally

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