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.
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.
Vivendi has also revealed that it may sell up to half of Universal Music Group to one or more partners.
With streaming revenue showing a massive increase in comparison to previous years, the major three record labels are rejoicing at their annual haul.
The USA’s recorded music market generated $9.8bn in total retail revenues last year, of which $6.6bn made its way back to artists and labels in wholesale payments.
Across the whole of 2018, the three major recorded companies combined generated an average of $19m each day – or just under $800,000 per hour – from streaming services.
Indie artists aren’t the only things not earning enough from streaming music services.
OK, that may have come off a little harsh, but the more you look, the worse it is. Article by violinist Nora Germain.
A new report based on almost 50 interviews with top-level executives at major and independent record labels, industry analyst and educator Larry Miller digs into how streaming and the digital age have made record labels an indispensable partner for the most ambitious new, developing and superstar artists.
Nielsen Music has released it 2018 Year-End Highlights. The survey shows a year of significant overall industry growth, with total album equivalent audio consumption up 23% over 2017, driven by a 49% increase in on-demand audio song streams compared to 2017.