It was another big week for the new music industry: Tidal fired its CEO as user signups sunk faster than the Titanic, Grooveshark got some very bad news in court, Pandora's stock fell after they reported new earnings and listener stats, Record Store Day delivered good news to indie retailers and so much more...
With album sales nowhere near what they used to be (unless your name is Taylor Swift, who probably doesn't frequent indie artist advice columns), and streaming not yet a truly viable source of income for musicians, a lot of artists are looking for new ways to distribute their work that will both reach their fans and result in some remuneration.
Another week, another attempt by the legacy copyright players to find a way to enact SOPA via the backdoor. It appears that the strategy of using lawsuits is now well underway with the major labels all teaming up to sue the site MP3Skull.
"The traditional music business model was based on selling physical copies of recordings. With the advent of digital technology and a sharp decline in recorded music sales, the focus is shifting slowly but surely into turning artists into brands.2 From an A&R perspective, the goal has become finding artists that have a great following–not artists that just have talent."
Last year, vinyl unit sales totaled 9.2 million, a 6.1 million increase in 2013. With 2015's vinyl sales up 37% in the first three months of the year, and the growing popularity of Record Store Day (which is tomorrow - go buy something) it looks as though digital music is going to have to work a little harder to kill off the legend that is vinyl records.
Hypebot presents our fourth Los Angeles meetup for readers to have a conversation with like-minded peers. You are invited to gather for drinks on Wednesday, April 29th from 7:00 to 10:00pm at Rosewood Tavern. Space is limited - RSVP below!
After a hugely successful meeting of the music tech minds earlier this year, Hypebot will host its second San Francisco Music Tech Meetup on Tuesday April 21, 2015 from 7:00-10:00pm at Upcider in San Francisco - and you're invited.
Chinese leading search engine Baidu and Carmel Ventures have made a joint investment to the tune of $5 million dollars in music education technology software, Tonara.