Every week, we’re sharing the latest news and information for the music industry and technology worldwide.
Get your learn on and stay in the know with Symphonic’s Music Industry News Roundup!
Apple Music Beats Spotify, Pandora To Rank 9th In Mobile App Usage, Says Nielsen: With so much music consumed on mobile devices, app downloads and usage are a major indicators of any music service’s popularity, and according to a new Nielsen ranking Apple Music is entering 2017 in a very strong position.
\\ Via Hypebot //
European Entertainment Stocks Mostly Down in 2016, Mediaset and Entertainment One Rise: European entertainment industry stocks are on track to mostly finish 2016 lower amid concerns about economic trends and advertising revenue momentum, as well as Britain’s decision to leave the European Union and individual challenges.
\\ Via Billboard //
SoundExchange Could See Collected Revenue Shrink by $200 Million in 2017: Exclusive: For the past five years, SoundExchange has been one of the music industry’s few bright spots in a transitional and contracting market. In that time, the non-profit entity which collects and distributes digital royalties for labels and artists for non-interactive transmissions (i.e. Pandora, SiriusXM and others), saw its revenue collections explode 229 percent from $270 million in 2010 to $888 million in 2015. But according to sources with knowledge of the situation, a recent shift to direct licensing will likely lead to slower growth in 2016 and a precipitous drop next year as collections could decrease by about $200 million, according to Billboard estimates.
\\ Via Billboard //
Independent Labels Claimed 35% Market Share In The US Last Year…By Ownership: Last year, the Worldwide Independent Network (WIN) issued a report suggesting that independent labels claimed a 37.6% market share in 2015. The WINTEL write-up, co-authored by respected analyst Mark Mulligan, discovered that independent labels generated $5.6 billion in revenue in the year. Unlike traditional market share metrics, which judge the industry on distribution power, the WIN report instead measured money generated by rights ownership.
\\ Via Music Business Worldwide //
Still a Fad? Vinyl Records Return to 1991 Sales Levels: Sales of vinyl records refuse to stop exploding! In 2016, LPs, EPs, and 45s returned to sales volumes not seen since 1991. But does this party end?
\\ Via Digital Music News //
Facebook is building a tool to hunt copyright infringing videos: Financial Times explains that once the ID system is in place, Facebook will work with record labels on a licensing deal for all the music that’s available on the site. Those talks are said to be in the early stages and a final agreement isn’t expected before this spring.
\\ Via Engadget //