The RIAA has released sales dates for US music shipments in 2010. The numbers speak for themselves - a 12% increase in the dollar value of downloads can't make up for a 22% drop in the sale of physical goods. That lead to a 10.9% overall drop in the total value of recorded music sales. The RIAA 2010 Year-End Shipment Statistics:
Kickstarter turned two years old today and shared some stats that show just how important their fan funding platform has been to d.i.y. music and the new music economy. Overall $53,107,672 has been pledged and $40 million collected to fund 7496 successful Kickstarter projects. Of that, $13,094,547 went to fund music related projects.
The news that alt pop group N.E.R.D., Pharrell Williams, Chad Hugo and Shae Haley, had joined the New Era Flagbearers lineup as part of the Fly Your Own Flag campaign took me back a few years to the days when Pharrell was taking on the role of high dollar tastemaker and New Era was pursuing limited edition local cap campaigns like they were a sneaker company. It's weird how quickly cutting edge marketing approaches become business as usual for reaching youth and/or the almost sacred to marketers realm of 18 to 35 year old males.
The music industry has just begun to tap into the potential of uibiquitous smartphones. Results of Nielsen’s latest survey suggests understanding the consumer landscape for mobile apps begins and understanding of the Apple iOS and Google Android ecosystems.
In recent days, the price of most track downloads in Amazon's Top 100 Singles have dropped to $.69 cents. Many of these same songs sell on iTune's for $1.29 including Katy Perry's "E.T.", Jennifer Lopez's "On the Floor" and Lady Gaga's "Born This Way." Sources tell Hypebot that the labels receive full wholesale payments with Amazon absorbing losses in an effort to attract new customers.
Sony Music Entertainment has passed the Universal Music Group in year-to-date U.S. music market share for the first time since 2005. According to Nielsen SoundScan, Sony's overall album market share is 29.35%, just above Universal T 29.26%. That means when Doug Morris takes the helm of Sony un June, he will once again top the most successful label group in the country. But an aggressive release schedule could tip the scales towards UMG later this year.
NuevoStage, a service that helps fans and bands work together to book live gigs, has won the $50,000 top prize at the Rethink Music business plan competition sponsored by Berklee College and Harvard Business School. The startup brings group buying to live music. After a band and their fans prove demand through advance ticket sales, NuevoStage works with a venue to confirm performances.
Facebook, Twitter, YouTube...the list goes on. Dozens of social media that artists use to connect with fans and market themselves. Great tools, but tiresome if you have a billion other things like make music. On our sister blog Music Think Tank, Chris Seth Jackson has tips in time management for artists.
Apple's pending cloud based music service will likely be called iCloud according to GigaOm. Sources tell Om Malik that Apple just paid $4.5 million for the domain of the former cloud locker service. Xcerion who bought iCloud recently just re-branded it to CloudMe after the company acquired the CloudMe.com domain on April 5th.
BandPage is is the #1 music app on Facebook with 21 million active users; and that's quite an accomplishment since it was created for bands rather than the masses fo fans. But in addition to artists friendly features like the ability to offer free music in exchange for a Facebook like or email address, the main reason behind RootMusic's success is Facebook itself.
Sonicbids has teamed with Live Nation to bring an emerging music night to select House of Blues concert halls. "New Music Nights at House of Blues" will launch in Los Angeles, San Diego and Las Vegas with plans to rollout nationwide. Local bloggers and tastemakers will select the three bands to play their market’s House of Blues.
危機 "When written in Chinese, the word "crisis" is composed of two characters. One represents danger and the other represents opportunity." - John F. Kennedy
The recorded music industry has been in crisis for more than 5 years. Instead of trying to "fix it", wouldn't both music and the industry be better served if we seized this opportunity to build something entirely new?
Peter Gotcher is an independent venture investor focusing on investments in digital media companies and the Executive Chairman of Dolby Laboratories, as well as Chairman of Topspin Media, which he co-founded in 2007. He's also on the board of Pandora and Line6. So when Peter talks about money in music, people listen. Here he shares his thoughts on music entrepeneurship and what kind of music startups are getting funded.
The 2010 U.S. Census continues to be a goldmine of data as the AP revealed recently in recognizing that Hispanics now outnumber African-Americans in most U.S. cities. This news was gathered from a March Creport by the U.S. Census Bureau, Overview of Race and Hispanic Origin [pdf]. Soincidently, as I was planning this post about reaching the Hispanic demographic, Billboard ramped up coverage in advance of its Latin Music Conference & Awards, But it's important that the music industry takes a deeper look.
OneHouse and former Choruss founder Jim Griffin, forced a dramatic shift in the discussion during today's "Alternative Compensation Schemes" Rethink Music panel by arguing that most monetization plans are naively based on the antiquated concept of control. "The music industry is clinging to an old vine and its time to find a new one," Griffin argued calling for blanket compulsory licenses. "As creativity moves from the center to the edge of the network, so must licensing."
At the Rethink Music yesterday, Spoon drummer and co-founder Jim Eno shared thoughts on being a self-directed 360 artist and creating diversified income. Eno is also a producer whose work includes Black Joe Lewis (who performed a rockin' set at the conference last night), the Heartless Bastards and John Vanderslice.
Love them or hate them, it’s tough to deny that online music review outlets Pitchfork Media and Drowned In Sound are tastemaking kings when it comes to influencing trends in new music. Combining long-form reviews, analysis, and commentary with user-friendly number ratings, both Pitchfork and Drowned In Sound provide one-stop, easily navigable guidance in the often-daunting world of new music and up-and-coming artists.
News Corp is seeking a minimum of $100 million dollars for MySpace and has set a bid deadline of this week, according to sources. News Corp paid more than $580 million for MySpace in 2005 and invested more in the years that followed. Despite falling user numbers and the rise of Facebook, several suitors are set to make offers.