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Industry News

Physical Music Revenue Surpassed By Digital Revenue For First Time

Buying your favorite artist’s new album at a storefront is no longer the norm. New reports from the International Federation of the Phonographic Industry (IFIP) share that digital sales revenue is higher, globally, than physical sales revenue for the first…

Vinyl Sales Continue to Rise

Though vinyl still holds a small place within the music market, its sales figures have been on the rise. Nielsen reports that U.S. vinyl album sales between January and March of this year have been 53% higher than during last…

Apple Revamping iTunes App Ahead of WWDC

Apple Revamping iTunes App Ahead of WWDC – Just five days after launching iOS 8.3, Apple released a beta version of iOS 8.4, introducing the new music streaming service to developers. The highly-anticipated service, set to launch at the 26th…

Beatport Launches New Streaming App

DJs and EDM music lovers rejoice, Beatport has officially launched an app for iOS and Android users. The service will allow users access over a million songs, plus charts, playlists and other new features that will fill up your calendar.…

Universal Music Group Thinks Twice About Free Streaming Services

Universal Music Group, who previously supported Spotify’s free streaming services, is now having second thoughts after reviewing its revenue streams. Last year, free streaming in the U.S. generated over one billion dollars for what is currently the largest music label…

10 Events You Need to Attend During Miami Music Week

Symphonic has the scoop on 10 Events You Need to Attend During Miami Music Week! 1. Sex Cult Records Thursday, March 26 at 10 p.m. – 5 a.m. Railroad Blues 28 NE 14th St. Miami, FL 33132 2. Bimini Records…

U.S. Streaming Revenues Surpass CD sales in 2014

This post originally appeared on Statista. For the first time ever, U.S. Streaming Revenues Surpass CD sales in 2014! Having been the most important source of income for the music industry since the early 1990s, the CD was dethroned by…

Aspiro Relaunches HiFi Streaming Service Tidal

Asprio, the company behind the streaming service WiMP, recently acquired by Jay Z, will now be featuring only one streaming service. Earlier this month, Jay Z bought 95.18 percent of Aspiro’s shares through his company Project Panther Bidco. Because Project…

Ministry of Sound, Deezer and Rdio Debate About Streaming During Mobile World Congress

Tensions were high during a recent Mobile World Congress “MMIX” panel regarding free music streaming. The panel consisted of Ministry of Sound CEO Lohan Presencer, Deezer VP Gerrit Schumann and Rdio head of business development Chris Burton. The whole affair…

Apple Responds to Indie Labels Concerns over New iTunes Store Changes

For the last few months, indie labels have been expressing their concerns about the changes that have taken effect in iTunes. The labels expressed that they feared their music wouldn’t have as much of a presence with the new implementations. As…