Could the Facebook craze finally be leveling off? A recent report from the analyst firm ComScore indicates that the amount of unique U.S. visitors to Facebook has dropped slightly in May when compared to April and March, and has shown a 4.8% overall decline in six months. This decline in traffic could cause concern for investors, as Facebook's high market value is primarily associated with its growth potential.
Proof that one does not need to be a pop goddess or multi-platinum selling rock band to make it onto the charts, a relatively unknown singer-songwriter named Ginger Wildheart (who first made a name for himself with the 90s rock band “The Wildhearts”), is currently sitting at the #9 spot on the UK Mid-Week Top Album charts with an album that was funded by his fans through PledgeMusic. A milestone for crowdfunding and direct-to-fan music as a whole, this fun-funded album even outsold music goliaths Rhianna and Coldplay – despite being recorded on relatively shoestring budget.
According to legends (although there is no evidence to show that this is true), ostriches have a tendency to bury their heads in the sand as a way to avoid danger. Today, people are often said to bury their heads in the sand when they refuse to confront or deal with a problem, and choose to deny it.
And that's exactly what's happening with many people in the music business, on both the label side and the artist side (it's the latter that I find most shocking).
When a Swede talks about Spotify, it helps to have a grain of salt nearby. The freemium streaming service seems to be something of a matter of national pride over there.
Some places, like England or Jamaica, invent major musical styles that traverse the world. Sweden produced the means with which some of the world’s most fervent music fans now listen to that music.
Just like other genres of music, classical musicians have been successfully crowdfunding projects large and small via Kickstarter and other crowdfunding platforms. The Conducting Business podcast recently hosted a panel discussion related to crowdfunding classical music. Central to that discussion was the successful campaign by violinist Tracy Silverman to raise funds to record a CD of an original work he composed to be performed with the Calder Quartet.
Bloomberg reports that Apple is working on a major iTunes overhaul that could mark the biggest change in the program since 2003, when it emerged from Apple’s purchase of a music player for the Mac called SoundJam MP.
As I write this, Spotify is playing a track of Mitt Romney talking about health care. It’s also downloading and uploading data representing music, because the desktop version of Spotify uses a peer-to-peer architecture that helps the company save on bandwidth by making users stream bits of music to each other on their private internet connections.
We’ve seen this movie before: large media company enters growing, now profitable music scene. Large media company buys up all the smaller regional operations it can get its hands on. Now that smaller companies are together in one happy music pool, large media company presents pool to advertisers and marketers. Large media company soon cashes out of the conglomerate it created at handsome profit, walking off into the sunset.
Artist Growth, the mobile and web dashboard for musicians, has topped the voting for the “Best Music App” category in the MTV O Music Awards. The company, which only launched five months ago, defeated industry titans the likes of Spotify and Live Nation with interactive tools that enable artists "to be knowledgeable about everything from marketing to booking gigs," as MTV puts it.
Spotify, the online music service, has added a free, ad-supported radio feature to its iOS apps, which allows listeners to create and play music stations—akin to what Pandora offers—for as long as they want.
The need for Spotify to develop a radio service, some suggest, stems from its strategy of “attracting users with free, ad-supported services who can be converted later into paying subscribers.” While this may be true, Spotify also realizes that a radio service will allow it to appeal to casual listeners as well as the service’s more avid core users.
Two of the biggest changes in consumer behavior are not only complementary, they even amplify each other. These are changes to embrace, not fight. The first change is the move from a product oriented economy, to one that values experiences over products. The second is a shift from isolated individual consumption to social consumption.
Yesterday, Google announced a new hardware device: Google Nexus Q, a $300 Android entertainment system for the home that Google calls “the first social streaming media player.” Here’s what it will do for music fans, according to what we know so far:
It's true that The Mast didn't release their latest EP UpUpUp (Remixes) on Nintendo cartridge or other alternative media but they've done a pretty good job of covering all possible bases. They self-released on Bandcamp, released to iTunes via Channel A Records and pursued the Beatport crowd with the help of Playloop Records. It's a joint project but also a remix project allowing The Mast to expand their reach and introduce themselves to new audiences.
This week, we have part two of the Indie Artist Launch Plan. Missed part one? Read it here. In part 2, Jamie Leger covers artist development and the performing artist/band launch plan. Check out some key areas to focus on by going to the full post on Music Think Tank.
Our piece about what funnyman Louis CK is teaching the music industry has attracted a fair amount of attention on the web this week — and as such, it’s only fair to follow up with information about how his strategy of selling tickets directly to fans, for one flat price of $45 regardless of city or seat, is working. As it turns out, it’s working great.
(UPDATED) Independent ticketing and social marketing company Ticketfly has announced that they will begin offering full-on marketing services to their users. This announcement comes as the company found that while the average client sells just 30% of their tickets through the social tools Ticketfly provides, those clients who take full advantage of all of their tools see up to 70% of tickets sold through those channels.
Live Nation has amicably settled its legal dispute with former chairman Michael Cohl. "We’ve had a long and fruitful history, collaborating with Michael Cohl," said Arthur Fogel, Chairman of Global Muisc and CEO of Global Touring. "We’re pleased that we’ve been able to resolve our differences, and can now get back to working together."
Kickstarter queen Amanda Palmer has announced that Alliance Entertainment will exclusively distribute her fan-funded album in the United States. Alliance is the largest wholesale distributor of home entertainment audio and video software in the U.S. and serves some 3,000 merchants including Target, Best Buy, and Barnes and Noble, and Internet retailers such as Amazon.com. Alliance’s recently acquired Audiolife division will distribute other fan-funded products (books, art, etc.) associated with the multidimensional album project Theatre Is Evil, set for a September 11th release.
(UPDATED) Guest post by Wesley Verhoeve (@wesleyverhoeve), an artist manager, producer, curator, and the founder of Family Records.
Yesterday’s article really seems to have struck a chord. Not only did it destroy all previous page visit and social stats for this blog, it also brought about the most heated debate in the comments and on twitter. The main criticism of my point of view originates from a certain false moral high ground, and a convenient historic amnesia when it comes to copyrights. It can be summed up as follows:
As electronic dance music (EDM) continues to grow in prevalence, it continues to attract the attention of investors and major concert promoters looking to cash in. Robert Sillerman (the man who launched the concert company SFX, which went on to become Live Nation) has said that his revived SFX company is looking to spend upwards of $1 billion on acquisitions within a year. Sillerman has even reportedly offered $60 million to Insomniac alone, the company that produces the massive Electric Daisy Carnival (EDC). Having already acquired Disco Productions earlier this month and Cream Holdings LTD in May, today marks another milestone for Sillerman and Live Nation – the acquisition of HARD Events.