US recorded music trade revenues grew by 11% in 2019
It appears to be the day for new figures on the US music market. Industry body the RIAA published its year-end numbers for 2019 last night, revealing that recorded music’s retail value grew by 13% to $11.1bn last year.
Meanwhile its wholesale value – the earnings for labels – grew by 11% to $7.3bn. Within the retail figure, streaming grew by 19.9% to $8.8bn, accounting for 79.5% of all recorded music revenues.
“The streaming market alone in 2019 was larger than the entire U.S. recorded music market just 2 years ago in 2017,” noted the RIAA’s report.
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Source: Music ally
Netflix opens up its data (a bit) with new Top 10 lists
Getting viewing figures for shows on Netflix has historically been difficult: even for the producers of those shows. Recently, the video streaming service has given out some stats for its original shows: in its first four weeks, 76m Netflix member households ‘chose to watch’ The Witcher, for example – a metric that merely counts how many people […]
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Source: Music ally
Label Sahel Sounds uses WhatsApp to source music from Africa
US independent label Sahel Sounds is releasing a series of compilations of music from African artists, called ‘Music from Saharan WhatsApp’. The title is the clue to the digital twist: musicians are sending their tracks to label boss Chris Kirkley via WhatsApp, often just days before the album they appear on is released. The project […]
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Source: Music ally
MooTube: ChilledCow lo-fi hip-hop channel returns to YouTube
Earlier this year, we pointed you in the direction of an article exploring how 24-7 lo-fi hip-hop YouTube livestreams make their money. It’s still well worth a read, if you missed it at the time. Now one of those channels, ChilledCow, has been making headlines after it was temporarily suspended by YouTube – a suspension that turned out […]
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Source: Music ally
Blood Blast Distribution will place its focus on ‘extreme music’
Music Ally has written a fair bit about the exploration of genre-specific streaming services focusing on classical music, jazz or metal. Is there an opportunity for distributors to follow a similar strategy? Distributor Believe and German label Nuclear Blast are teaming up to have a go, with the launch of a joint venture called Blood Blast […]
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Source: Music ally
Indian music discovery app Flutin takes investment… from Sega
Indian startup Flutin has taken new investment from an unusual source: games firm Sega, of Sonic the Hedgehog and Mega Drive / Genesis fame. Sega has invested an undisclosed amount in Flutin, which the latter company says will help it expand in markets like the US. “They believe in us because of the approach we […]
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Source: Music ally
Music Ally Startup Files: Flutin, India’s new music discovery app
Indian startup Flutin has a bold, dual-pronged mission: to round up millions of music fans and serve them – for free – new music that they’ll love; and to provide artists with an easy-to-reach fanbase that’s eager to engage and even purchase.
Dig a little deeper into the company, and there are some interesting lessons on how the music industry might find new ways to make a lot more money from streaming platforms in the future.
Music Ally chatted to Flutin CEO and Co-founder Vishu Gupta about his ambitions for an app that by October 2019 had been downloaded nearly 10m times, and had 370,000 daily active users.
Gupta describes the app as a home for emerging artists, who Flutin treats as small businesses needing tools to growth-hack themselves to success. “They can identify their relevant audience with Flutin and promote their music to them, increasing their fanbase with relevant users.”
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Source: Music ally