Because the three majors report only their overall recorded-music revenue, there is much speculation about what their owned labels earn individually. In an effort to shed light on the subject, Billboard has estimated their 2018 U.S. revenue.
Those who predicted that the growth of audio streaming would begin to slow down in the world’s biggest music territories in 2019 were correct.
Independent record labels grabbed more market share so far this year than major label groups Sony Music and Warner Music in the UK, according to new stats from the Official Charts Company.
Universal is winning the race so far in 2019, up 2.3% year-on-year and the indie sector is second, up 0.4%. Both Sony and WMG are down in market share, 0.8% and 1.8% respectively.
Spotify has disrupted the music business in many, and amassed influence to the point where 'Spotify' is shorthand for streaming itself. If that's not enough change, the way in which Spotify and other streaming platforms pay artists has fundamentally altered how some musicians are structuring their songs.
According to music industry insiders speaking with Digital Music News, Apple had formally prepared to shut down iTunes music downloads on March 31st, 2019.
Eighteen years after it was released, Apple is ready to retire iTunes. Apple is launching a new Apple Music app for Mac and Windows, the company announced at its Worldwide Developers Conference in San Jose, Calif. today.
Apple is set to announce the end of iTunes today. Ironically, the company unveiled a new iPod Touch last week, the newest iteration of the hardware that made it so easy to put a whopping 1000 iTunes tracks in your pocket.
Music companies are adopting a new outlook when it comes to podcasts: If you can’t beat ’em, join ’em.
Thanks to the rise of streaming, the metrics with which we measure the success of music are changing, which inevitably means the structure of music will change to compensate.
The recording industry is guided by technology, more so than any other part of the music business.