[UPDATED] For much of recent history, the music industry has been infamous for its inability to adapt to digital technology. This said, certain companies within the industry, like Apple and Spotify, have proven they are able to adopt new ideas and succeed, demonstrating how valuable innovation is in any creative industry.
As fewer and fewer people discover new music through conventional terrestrial radio, it has switched to a system of playing the same top 40 hits ad nauseam, meaning that its value as a promotional service for up-and-coming artists is becoming less and less. The Fair Play Fair Pay Act hopes to fix this broken system.
[UPDATED] The controversy surrounding music streaming and artist compensation has been earning quit a bit of press lately. Still, the actual process of licensing, publishing, and compensating those involved in music publishing is complex and convoluted. This article offers a clear and detailed breakdown of exactly how music rights and payments work.
Is it time to hack the music industry? Many see payouts from music streaming services a generating a meager amount of revenue for artists, particularly the more obscure ones; and that some financial restructuring in the industry is needed. Here is one solution along with a radical way to help make it happen.
Earlier this year, BandPage and Rhapsody partnered to create an enhanced streaming music experience. Rhapsody users are now alerted when their favorite bands are coming to town and notified of special opportunities like VIP experiences, private shows and custom recordings. Today we learned some early results.
Apple fought back this afternoon, saying that the 48% percent retention rate reported by a new MusicWatch survey which Hypebot published earlier today, was incorrect. and stating that 79% of users who signed up for Apple Music are still using the service.
Apple may need to really ramp up its marketing efforts to interest more of its users in Apple Music. A new MarketWatch study shows that 77% of Apple’s iOS users in the United States are aware of Apple Music, but just 10% saying they are currently using it. That level is about the same for iTunes users.
Twitch, a service which allows users to live stream their video game playing to fans, remains a largely untapped source of potential revenue for gamer musicians, with the exception of some early adopters like Deadmau5 and Imagine Dragons.
When Apple launched Apple Music and Beats 1, the software that delivered it got a major upgrade. Not all of it worked as promised, leading to a fair amount of user frustration and online criticism. Overnight, Apple fixed many of these problems with significant updates to both iTunes and its iOS operating system.