Frank Ocean has just shaken up the music industry, probably forever. His dual exclusive releases via Apple on Friday and Saturday ignited a long overdue debate about exclusive streaming releases; and hidden in the details are lessons that should be sending shockwaves through the executive suites at Universal, Sony and WMG.
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Frank Ocean has triggered an overdue debate over release exclusives while also affirming the growing power of the direct to fan connection and diminishing value of record labels.
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Pandora could launch their promised on demand streaming music service as early as next month, according to multiple sources. But with Apple, Spotify, Tidal, Rhapsody, Slacker, Soundcloud, Deezer and others fighting for market share; and Rdio, Guvera and CUR dead or very close to it, Pandora will join a glut of competitors.
[UPDATED] In late 2014, as part of a move to include digital consumption in its chart calculations, Billboard began counting 1,500 streams or 10 paid downloads of a song as the equivalent of one album sold. Recently, a growing number of top artists have released mega-albums that use this calculation to influence their position on the charts.
UMG has taken a major stake in indie Petrol Records. Now that, thanks to streaming, the major music groups have found their footing, they're again consolidating their dominate position with investments and acquisitions. No longer are the targets tangential businesses like merch, concerts or tech startups; but rather independent record labels and publishers.
Even Adele can't save the legacy music industry... Old music is outselling new music for the first time ever, according to Nielsen. Some of its has to do with millennials preferring to consume music via streaming or not to pay for it at all. But how bright is the future of any industry that generates more revenue from old products instead of new ones?
Days after Frank Ocean shared that Apple Music had been given a 2 week exclusive to his much anticipated new release, Britney Speared tweeted that she'd cut a deal with Apple for her upcoming album "Glory."
On July 20, first lady Michelle Obama and Missy Elliott joined the Carpool Karaoke segment of The Late Late Show with James Corden. While exposure on the show has boosted music consumption for past guests, this episode had a bigger impact on the songs that were featured in the segment, according to Nielsen Music Connect.
There was major backlash a decade ago when major labels started suing fans and internet services over file sharing. While its unlikely to elicit a mass response, Atlantic Records isn't making any friends within Reddit's active and influential community of techies and music fans with a new legal action.
Yesterday, we shared that Frank Ocean was teasing his new album in ways that strongly suggested some kind of Apple exclusive. Now we have confirmation and details of Apple Music's role in the much anticipated release.