Amid continued debate about (and criticism of) Spotify’s reported plan to cease paying royalties for the vast majority of on-platform works, one songwriter is formally questioning whether the involved model is legal under stateside copyright law.
The CD Revival Is Real
Sales for the long-forgotten format are up for the first time since 2004, echoing the surprise resurgence of vinyl. This is why…
The Industry
U.S. Recorded Music Industry Revenue Hit a Record $8.35 Billion During H1 2023, Report Shows — Despite a Vinyl Sales-Volume Decline
The Industry
Recorded-music revenues in the United States grew 9.3% in the first half of 2023, reaching an all-time mid-year high of $8.4 billion at retail value, the RIAA said in its mid-year report released
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Sony Music Entertainment Annual Revenue Cracks $8.5 Billion As Recorded Music Delivers 32% Income Hike
Sony Group Corp. generated ¥1.36 trillion ($10.02 billion at the present exchange rate) from its music division during the 2022 fiscal year, when recorded music income swelled by over 32%, according to a new earnings report.
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Universal Music Revenues Jump 21% on Recorded Music Subscriptions, Streaming in 2022
UMG also reported publishing revenues rose nearly 35% on the year.
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Vinyl sales set to outstrip CDs — thanks to Taylor Swift
Record revenues from stars new and old show the medium still has some tricks up its sleeve.
Universal Music Group Revenues Jump 13% In Q3 as Subscription Revenues Approach $1 Billion
Universal Music Group reports revenue increases of 13% during Q3 as subscription revenues are nearing $1 billion.
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Spotify Shares Drop Despite Double-Digit Subscriber Gains — And a Possible Price Hike Ahead
Spotify subscribers, monthly average users, and revenues all headed north during the latest third quarter. Wall Street sent shares south.
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How Well Do You Know the Music Business? Now There’s a Platform That Assesses Your Knowledge & Guides Your Career
From distribution to metadata and crafting websites to promotion, the music industry is more complex than ever. In that thick soup, MyMusic.biz has developed an all-encompassing platform designed to help artists thrive on the often-overlooked business side — and build lucrative careers in the process.
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