While making money in the music has in many ways changed and become much harder over the years, merchandise sales have generally remained much the same. Additionally, merch provides an excellent opportunity for artists to build a connection and better engage with fans.
In this piece Bobby Owsinski refutes the idea that technology will "save" the music business, arguing that as long as people want to hear music, there will be a business around it, and that things like blockchain tech can only be so beneficial.
A theory often perpetuated by Spotify maintains that streaming will yield more revenue than downloads or traditional retail sales, as it generates money for the artist with every play, as opposed to a one-time purchase. Unfortunately, streaming is a lot more like traditional sales than Spotify is letting on.
With the music industry continues to change, Record Store Day offers an opportunity and experience which can be embraced by industry enthusiasts across the board, here we check in with a variety of music business players on their experience with Record Store Day, 2018 edition.
Today, Saturday April 21, 2018 is the 10th annual Record Store Day, both in the US and UK. It's a day to celebrate and support indie music and the eclectic stores that help bring it to the world, as well as, serve as cornerstones for local music scenes across the globe.
Buying in bulk and then hoping it sells to fans can be a disastrous way for artists to conduct their merch sales, something which can be avoided by setting up pre-orders. Here we look at some real world strategies for setting up a pre-order.
While creating an album has for many bands and artists been a cornerstone of artistic accomplishment over the years, our shift to a predominantly playlist based culture means that we're shifting away from the album format and living in a world of singles - just not everyone's accepted it yet.
Apple is deleting the iTunes LP format. The news was shared with labels and distributors two weeks ago; and now an email to iTunes' music partners has surfaced that states clearly, "Apple will no longer accept new submissions of iTunes LPS after March 2018."
Russ Solomon, founder of the legendary Tower Records chain, died on Sunday night, while drinking whisky and watching The Oscars. Solomon, 92, died from a heart attack, his son, Michael Solomon, told the Sacramento Bee.
Here Sunny Stuart Winter sat down to chat with Dr. Jennifer Otter Bickerdike, author of Why Vinyl Matters about the longevity of the format's resurgence, it's subcultural capital, and the strong connects which it has with fans.
The price of vinyl is continuing to soar, with many new records costing upwards of $40. Used vinyl prices are also hitting unbelievable highs. Here we look at some of the most expensive releases sold in 2017.
In the current music economy, a robust merch section is key when it comes to making money on tour. While t-shirts and albums are obvious, we here look at four important but commonly overlooked items that are must-haves at the merch table.
While streaming has become the dominant form of music consumption, the road to get here was a complex and varied one. Here we look at the history of the physical music formats, dating back as far as the 1870s, and how it led us to where we are now.
Given everything that the music industry's been through, it's understandable that the word "free" can often evoke a negative reaction when dropped in music business circles. That said, however, judiciously applied giveaways can yield decidedly positive results in the long run.
Bandcamp marked its 6th straight year as a profitable company in 2017 with revenue and usage on the indie music platform rising by double digits across multiple categories, including the sale of physical goods. Industry wide, physical goods sales fell 20% last year.
Music streaming has changed how people discover and consume music forever, as well as rejuvenated the recorded music industry after years of decline. But its growth came at the expense of a vital income stream for artists and labels - music sales in the form of both physical goods and paid downloads.
When it comes to selling physical copies of your album, packaging is king, with many records having been sold based on looks alone. Here we look five artists who took packaging to the next level when preparing their music for sale.
Online music database and vinyl marketplace Discogs has raised $2.5 million. The additional funding comes from former Warner Music Group board member Jörg Mohaupt, who will join the company's board of directors.
[UPDATED] With the rise of streaming, the job of producer has declined to a much less lucrative position, as many producer deals are built around physical sales. Atlantic Records has found a way to cut into this limited revenue further, however, by retitling some albums as 'mixtapes' or 'compilation albums,' writes Bobby Owsinski.
How much will consumers pay for music? A new survey conducted by MusiComms of 5,000 consumers across all demographics and regions in the United States offered some surprising, contradictory and yet hopeful trends amoun music fans. A new MusiComms surveyed asked 5000 U.S. consumers questions like:
Despite their turbulent sales histories and brushes with obsolescence, print on paper books and Swiss watches have both managed to make impressive rebounds and have of late shown steady profitability. Here we look look at some important takeaways that could potentially apply to the music industry.
Although some may album art is a dead medium, it appears 2017 didn't get the memo. Here David Deal looks at some of the most memorable album covers to be released in 2017, and what the artists were trying to communicate with them.
Music database and vinyl hub Discogs shares a data-driven list of the 20 Most Collected vinyl color variants released in 2017. Beginning with Radiohead's 3xLP blue opaque variation of the 'OKNOTOK' reissue of 'OK Computer' and counting down to the Father John Misty Sub Pop release 'Pure Comedy' in aluminum and copper variant.
In this piece Joe Rinaldi reflects on the state of the live music industry, and how the rise of the streaming age and the drop off in retail sales has further increased the necessity of live performance for artists looking to make it in the music industry.
SoundScan, a tracking platform owned and operated by Nielsen, allows artists to get a close and detailed look at how their music's sales are performing on a week by week basis in both retail and non-traditional marketplaces.