Guest post by Peter Getty.
In 1991, Nielsen Soundscan started tracking album sales around the world. Back then, this data gave us valuable insight into current tastemakers, what genres were growing in cultural significance, and generally who the world was listening to. Lately, Soundscan’s reports are nothing more than a simple reminder that the music industry is, well…f’d.
Venice Beach-based music streamer Radical.FM is now accepting payments via Bitcoin. Adding the digital currency is in keeping with the sartups ethos as an ad-free, pay-what-want streaming music service. Grooveshark began taking Bitcoin a few weeks ago. But with a library of 25 million songs, Radical.fm is the largest streamer to accept the alternative currency.
Asian-Americans represent about 6% percent of the total U.S. population, up 59% since 2000. The 19 million strong and culturally diverse Asian-American community are driving some trends, according to the study. Online digital music is increasingly popular with Asian-Americans, according to a new Nielsen study.
Spotify Is The Winner
Muzooka, a social music discovery and technology platform, today announced a $3 million Series A-1 financing round. Combined with earlier angel investment, it brings total raised to just over $3.6 million. While no details were provided, the company says the round represents the funding of a music tech startup through non-traditional sources outside of Silicon Valley.
A new infographic from trade group Music Biz, “Music Royalties USA Quick Start Guide,” offers songwriters and performing musicians a simpler way to understand the complex framework they must navigate to receive full payment for their work. Included are how royalties are handled for songwriters, publishers, and performers in various media ranging from physical and download sales, radio, tv, satellite, the various forms of streaming, and synchronization.
With his usual bravado, West declared victory Friday over digital currency Coinye for using his likeness and name without permission. West's claim came after his attorneys filed for a summary judgement in NYC since most of the defendants - many of them 'John Does' - failed to answer his complaint.
But, it's not over yet...
Analyst Mark Mulligan and MIDiA Research have published a new report looking at the music attitudes and behavior of Digital Natives. Natives and Immigrants demarcate the digital world, according to the report. But while Digital Immigrants carry the baggage of their analog past, Digital Natives have only ever known ubiquitous connectivity and content; and that results in very different behaviors. "While the slow down in digital revenue growth revolves around spending transition of high spending Digital Immigrants," concludes the report, "it is the attitudes and behavior of the Natives that give us the best indication of how the digital music market will evolve." Here is what Mulligan's digital native looks like:
Airplay Direct has named industry veteran Bruce Iglaur, President & Founder of Alligator Records, as the recipient of the first Iconic Innovators award. The award was created to recognize innovators in the realm of digital music in the industry. The award will be given yearly to the member of Airplay Direct who best embraces the vision and opportunities that digital innovation in the Music Industry has and continues to create, the company said.
Sony/ATV's Martin Bandier is threatening to withdraw all rights from ASCAP and BMI. Most major music publishers are looking to withdraw digital rights from the PROs and negotiate direct deals with digital services due to low royalty rates for publishers from digital services. Withdrawing digital rights from the PROs presents challenges to publishers like licensing to small businesses. Martin Bandier, the CEO of Sony/ATV has made it clear that if the Decrees are not amended he will “explore other options”.
The music video is just the starting point for a fan's journey thanks to embeddable links from hot video-meets-commerce startup Wirewax. Whle watching a video, click on a shirt worn by the artist and its takes you to an e-commerce site ready to sell it. Click on a singer's anguished face and it takes you the lyrics or on a deeper dive to what motivated her to write the song.
The First Shoppable Music Video
Kyle Bylin, a former Hypebot Editor, Billboard writer and Live Nation Labs researcher, is about to publish his first book. Promised Land: Youth Culture, Disruptive Startup And The Social Music Revolution is sure to be a must-read for Hypebot readers. But for now, Kyle needs our help choosing the right cover. Thanks to a 99Designs contest, there are three great choices. Find them and vote here. And show you support to the book by giving this post some social love and signing up for his book updates on LeanPub.
This interview originally appeared on the Bandzoogle Blog.
Leading crowdfunding platform Kickstarter just released a Creator Handbook to help users launch effective campaigns. Kickstarter is open to all kinds of crowdfunding projects, and many musicians have used it to raise money to produce albums and go out on tour.
Bandzoogle spoke to Hayley Rosenblum, Kickstarter’s Music Community Manager, about their new handbook, and specifically how musicians can successfully use their platform.
Richmond, VA fans of the Foo Fighters need no longer be disappointed that the band has not played their city in 15 years, even though leader Dave Grohl grew up in the state. Using white label crowdfunding platform Crowdtilt, fans raised the $70,000 they thought it would take to bring the band to Richmond; and late on Friday, the Foo Fighters said yes via Twitter.
A new Price Waterhouse Cooper analysis shows the music industry is poised for 5 more years of change and upheaval. There aren't any real surprises here, but its useful to see verified stats side side. While downloads will remain the largest revenue source and continue to grow slowly, streaming music will see the greatest growth, according the study. Live music revenue will also grow because of both ticket sales and sponsorship. View the infographic below for more details on the changes expected for the music industry:
Streaming music, movies and other media may provide an alternative to unauthorized file-sharing, but a new study shows that it certainly has not stopped it. 300 million users still download media and software via P2P every month, according to net tracker Tru Optik. In fact, film and tv download via P2P surpasses downloads from iTunes, GooglePlay and Amazon combined. The U.S. is the worst offender, downloading 13.6% of all music and 18% of all film obtained via BitTorrent globally.
"Music technologies create possible futures and offer new ways to inhabit the present and past. Their changes presage changes in culture, signaling trends yet to come. They are thus sites of struggles over money, membership, power, and prestige."
Last month, 21 of music techs most respected theorists came together at the Microsoft Research New England for a symposium called “What Is Music Technology For?” held in conjunction with the Music Tech Fest.
Prince may have made a deal to release his music via Warner Music Group, but that doesn't mean his criticism of the traditional music industry is about to become muted. "Every time I talk to the heads of large companies, they're always at the beach," said Prince in a new Essence Magazine interview.
UPDATED: Apple's ubiquitous white EarPods could be poised become the ultimate wearable device. It all started with an anonymous comment on the Secret app: "Apple's new EarPods will have sensors in them for heart rate & blood pressure. Also iBeacons so they don't get lost. The will require the lightning port, its why the audio jack was removed from the bottom." Since then pundits, analysts and a few previous patent filings support the assertion.
Update After The Jump
Two recent incidents by poorly behaving bands remind us that just because someone has found success doesn't mean that they're the kind of people one should support. I imagine most of us have artists that we still listen to even though we find their beliefs and actions objectionable (Bad Brains, for a homphobic example). But a band fronted by one of Steven Tyler's kids, badbad, and a former major label act, Red Jumpsuit Apparatus, have shown themselves to be the types who don't respect other artists. So why should we give them our respect?
Included in yesterday's report by Apple to investors and analysts was a single stat that reinforces why iTunes still controls so much of the digital music market. Apple has nearly 800 million registered users. Impressively, users have grown 40% in just 10 months; and attached to every user is a credit card that enables one click purchase.
By Emmanuel Legrand of Legrand Network. This story was originally published in French by IRMActu.
Who's No.1? How do you assess and define success? Who are the most popular artists and recordings at any given time? Ever since there has been a music industry, these questions have obsessed record company executives and artists alike. And to answer these questions, systems were put in place to measure success and identify which artists and songs were the most popular.
Billboard's transition from music industry trade to celebrity rag is picking up steam. In addition to last week's Fashion Editor hire, Janice Minn, who also helms the Hollywood Reporter, has mined the ranks of W, GQ, Vanity Fair, Esquire and the Daily News to add staffers that include a gossip columnist and Culture Editor.
Exiting after 8 years is West Coast Editor of Billboard.biz, Mitchell Peters.
"Billboard is excited to announce the addition of Tasha Green as new fashion editor," begins the breathy post on what has been the music industry's "must read" trade for decades. Green does come with real fashion cred. She was The Wall Street Journal's men's style editor, and the music biz is a boys club. Before that she was at Men's Vogue, Departures and did a stint as a ready-to-wear designer.
But why, you might wonder, does a music trade need a fashion editor?
Thomas Golubic, the music supervisor behind Breaking Bad, Six Feet Under, The Killing and The Walking Dead has an insider view of the world of music sync, and its not always pretty. “These are big corporations,” Golubis, interviewed by Music Week at AIM’s recent Sync Conference, says of music budgets. “Some of the companies you deal with are a bit more respectful of the role music has, some are less so. It was a bummer to us all the way through that Sony would not loosen the purse strings [for Breaking Bad]."
MORE & VIDEO
After almost 2 days of hacking, the finalists for this year's SXSW Music Hackathon have been announced. Singer and songwriter Travis (left) did the honors Thursday, and the finalists are: Moot, ARTPOP, Beats Video, Moon Neon, Crowd Scan, Hype, Lamb, Party Play, Song Stash, Glass Karaoke and Booth Bands. The winners will be announced tonight at the Awards Show and Afterparty March 14th 6pm-12am Austin Ballroom ACC.