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.
Black Friday sales reports from the Coalition Of Independent Music Stores are in and they were universally positive, according to Michael Bunnell, CIMS Executive Director. Less comprehensive data showed an up day on Small Business Saturday, as well.
Much like the recorded music industry, record stores are making a comeback. While the gains are modest, some new stores are opening successfully with a mix of vinyl, merch, used music and more. One independent chain has grown to 82 stores, fueled by the vinyl resurgence and guided by technology.
In an effort to close the value gap, Taylor Swift has taken advantage of her industry position and utilized a variety of techniques in the marketing of her albums, making particularly smart use of 'windowing,' writes Chris Castle.
In the case of artist Bob Seger, retail and plays on AM/FM radio are not sufficient for fans, and streaming provides a better way to match fans with the music they might enjoy. Here we look at some of Seger's numbers to see how streaming has allowed him to access a broader scope of listeners.
LyricMech is bringing song lyrics to merch on a massive scale. Remember those lines in songs that say it all, simply and perfectly? Now fans can emblazon these lines on t-shirts, caps, mugs, and even shower curtains - and do it legally in way that also makes money for their favorite songwriters and artists.
Taylor Swift's new album "Reputation" topped 1 million units on Tuesday morning, less than 5 days after it's release. More retail outlets are due to report throughout the day. First day sales for Taylor Swift's new album "Reputation" topped 717,000, according to data gathered by BuzzAngle Music.
In an effort to capture maximum Swift Dollars, the popular singer's legal team has been outdoing themselves by attempting to to copyright multiple key phrases from Taylor Swift's lyrics, and "swiftly" bringing down the hammer on any unlicensed fan made goods which feature them.
With November well under way, the sleigh bells are already ringing out, and holiday classics will soon dominate the airwaves, but for all the music played around the holidays, is releasing new holiday music really that profitable for the creator?
[UPDATED] First day sales for Taylor Swift's new album "Reputation" topped 717,000, according to data gathered by BuzzAngle Music. "She's got a shot at 1.5M for the week given this," says BuzzAngle CEO Jim Ledestri. That makes it the biggest first day release so far in 2017.
After a 12 year hiatus, the Alex Awards returned this week to honor the best in vinyl record packaging at a ceremony at the Westin Book Cadillac Hotel in Detroit. The Alex Awards was last presented in 2006 when it had been primarily a competition honoring the best in DVD, CD and video game packaging.
Performing live and monetizing your recorded music is only avenue of revenue for bands and artists. Merch sales also help cushion the income of musicians, but the ROI tends to vary heavily. Here we look at the top ten merchandise items with the highest profit margin.
While streaming may be the dominant form of music consumption, it's no secret that vinyl is also seeing an impressive renaissance among music consumers, which is causing more pressing plant to make the smart investment and poney up for vinyl.
Now at a 25-year sales high, vinyl's resurgence among music lovers is undeniable, and as the cost of record players continues to dip and nostalgia continues to rise, the barriers to entry for artists looking to press their work on vinyl continue to crumble.