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Music Industry Sees First Big Gains in 20 Years Thanks to Streaming Services
Thanks to subscription-based music streaming services, the music industry is seeing a significant growth for the first time in nearly two decades. According to International Federation of the Phonographic Industry (IFPI), an industry trade group, the global music sales rose 3.2 percent last year, also surpassing those from all physical music formats. The important tipping point in 2015 saw digital services account for 45 percent of recorded music revenue. According to the report, Spotify, Apple Music and other music streaming services brought in about $2.9 billion in revenue. The findings are in line with Recording Industry Association of America (RIAA)'s estimates from last month. IFPI also noted that music on free streaming services such as YouTube has also grown quickly, creating a panic among record labels and artists alike. Billboard elaborates that aspect: In criticizing ad-supported services, the IFPI joined a growing list of trade bodies and music company executives to criticize YouTube for paying royalties that are relatively low when considering its popularity. The report argues YouTube distorts its negotiations with labels by hiding behind the DMCA "safe harbor" rules that limit the liability of online intermediaries from the infringing actions of their users. The result, the IFPI argues, is YouTube can use an "act first, negotiate later" that "fundamentally distort[s] the negotiation process."
You think selling music online was his idea do you? It wasn't even Apples idea. Fanboy, much?
But if youtube send us those damn ads we have to sit through until "skip" comes up, or worse the ones where you have to wait for the whole thing to finish, the least they can do is cough up the money to the labels or individual musicians if self published.
It sure wasn't. But what company actually made it work?
Right now, the industry is being subsidized heavily by VC money.
If you were me, you'd be good lookin'. - six string samurai
Spotify seemed to make it popular.
Website Just Down For Me? Find out
Too bad the music industry fought like hell to stop the very thing that would eventually make them rich, again.
Now they might try putting out music that didn't suck. Seriously, today's twerk-a-licious and computer generated, autotuned stuff makes 1960's bubblegum music and disco look good.
The shepherds did so well protecting the flock that the sheep no longer believed that wolves existed.
I seem to recall somewhere that the RIAA said that the internet was killing music...
there's value in offering existing services in more useful ways but god dammit steve jobs isn't a "visionary" any more than your typical hedge fund manager.
So, the music industry, which until now absolutely loved the DMCA because they could hide behind the "good-faith" clause, is now upset that someone else is doing the same thing? Go cry me a river, then look up "Law of unintended consequences."
"Transparent" is a shit show that trades on every stereotype going. A man in drag is NOT a transsexual.
The artists who create the material. Like most people who have to actually work for a living, they are too submissive in negotiations, especially now that self publishing is comparatively trivial to past times when physical media was required.
“He’s not deformed, he’s just drunk!”
I'd like to crowdsource a band of thugs to give the IFPI offices (esp. those at the usual lobbying sites like Washington, Brussels &c) a visit and make a few black eyes. Really. I crave for that.
Netflix also proves it - Price it right & "you build it, they will come" (pun intended alluding to "the Field of Dreams").
HBO also long ago PROVABLY demonstrates that if/when you give folks a service that eliminates a pain (interruption via ads), it works...
This increases when ads infect you (as they do online via openbid ad networks being abused by malware makers of all kinds) - folks do NOT want ads - period - for many reasons (intrusiveness & threat to their security/privacy).
* I.E.-> It's better to pay a small fee than break the law too... even though the wealthy make laws via politician puppets & political parties they 'own'.
APK
P.S.=> Per my subject: So does THIS - You all KNOW what I think of ads + WHY (& I held off releasing my program for almost a decade out of respect for webmasters trying to make a living while providing a valuable service - but not SO valuable I was willing to sit around doing nothing about something that steals your speed/bandwidth AND more importantly, your privacy & security) -> https://yro.slashdot.org/comme... ...& it works doing far more for far less complexity in moving parts for exploit or breakdown + less resource consumption & isn't 'souled-out' to advertisers to NOT work on all ads + not blockable by ClarityRay/BlockIQ (more efficient) using what you already natively have... apk
30 some years ago most people only listened to the radio and never bought albums. music streaming is the same thing. except for a few decades, most artists have made money by touring and playing live. i don't get this infatuation with the idea that some people should release a work of art and then be able to sit home and collect money off it.
The funny thing is that they could have been making the same profits for the last 20 years if they had just stopped fighting the Internet and started streaming services and Internet downloads. Just shows how stupid these morons really are. Even I knew 20 years ago that trying to fight online music was totally futile and the only solution was to embrace it.
I was going to post a quip along the lines of now they found some more profitability how are they going to rape it such extremes it dies a slow agonising death that they can blame on piracy but yeah, try and squeeze youtube out of everypenny, yep that'll do it.
Wanna buy a shirt?
https://www.redbubble.com/people/stealthfinger/shop?asc=u
Youtube is probably the easiest place to go check someone out to find out if they're any good, what they sound like, etc. Every single musician who ever sells anything, has to first give out a sample (somehow; it doesn't have to be youtube but it has to be somewhere) or else I never know if they're worth buying.
If the music industry thinks we're going to start buying music unheard, they're fucking crazy. It didn't matter how many times I read "Colour Haze is awesome," I had to hear it first before I got all their albums.
"Greedy fuckers in music industry grudgingly admit that maybe the sky not falling as predicted; predict that sky will fall due to 'that darn Youtube needs to pay us more' despite $billions in music industry growth."
Does that about sum it up?
-Styopa
It's a seller's market.
“He’s not deformed, he’s just drunk!”
It sure wasn't. But what company actually made it work?
Since this article and report is specifically talking about subscription streaming services being the key success factor, the answer to your question is not Apple.
News to me. 30 yrs ago I went to the record store every chance I could because I didn't want to wait for my favorite stuff to be on the radio. Had a decent collection at one time.
C|N>K
30 years ago people were buying cassettes, not albums, and while lots of people were making mix tapes and passing them around, we still bought some of our cassettes from the actual music industry. If you liked a band the radio would only play one or two of the biggest hits from their album, you had to buy the cassette if you wanted to hear the rest.
The Moore-Murphy Law: The number of things that will go wrong will double every 2 years.
Not only do I have to agree with that, but I have to point out that Steve Jobs specifically mentioned something about users wanting to pay to own the music they pay for during a Keynote. I can't remember which one though, but it was in the first few years of iTunes.
See subject: ... DNS, firewalls (software or hardware), even antivirus & other appliances demonstrate HUGE security vulnerabilities (of which I enumerated ~400 in the past few years alone to various champions of that tech here) - I can rattle off that many easily IF /. wouldn't suppress how much I can post in 1 shot (ac users are restricted thus, & yet I see "registered 'lusers'" like KGIII post novellas in their posts).
Especially complimenting filtering DNS & firewalls (complimenting one another) - even hardware solutions.
* Layered security is "where it's at" in case of such failures, & covering as much as you can, via software + hardware methods is the best thing we have going for MANY threats or annoyances.
APK
P.S.=> That good enough for you? IF you wish, I can put out a list of security vulnerabilities in router type hardware (cable/dsl modems, routers, firewalls, you-name-it) that would make your head spin... just ask! apk
No, It's a RIAA market. The artists don't get jack shit from streaming services or CD sales. The only time an artist makes anything is from concerts. My son has been in several bands, several music CDs, opened for top bands, award winning music videos, etc. The only money was touring the country doing concerts, and that barely covered expenses. They haven't seen a cent from CD sales, because after the RIAA and retail outlet took their share, nothing was left. They do it for the passion of the music they make.
Music Industry/Movie Industry/Entertainment Industry in a nutshell:
Announces to the world: RECORD PROFITS! SALES ARE UP! :D
Tells the government: WE ARE LOSING BILLIONS TO PIRACY. WE ARE GOING BANKRUPT AND DYING HERE. HALP. D:
So streaming has caught on and people are liking it. It's making money. That means it's now the perfect time to start balkanizing the industry with exclusives to specific services, raise prices, and strangle it before it gets any bigger.
I mean, if the music industry is doing well, they won't be able to bitch and moan and lobby gov't to impose more and more draconic legislation to combat piracy.
Well, to be fair, Steve Jobs was likely still in the mindset of the older crowd, thinking back when they grew up, that music put out back then was actually worth buying and owning, to be replayed over and over....
As opposed to the drivel that's come in the the past 2+ decades, which is largely disposable at best...so, sure people would rather stream, listing to something a month, then forget about it.
Light travels faster than sound. This is why some people appear bright until you hear them speak.........
Now they'll make sure that their catalogs are spread evenly across five or six different streaming services and keep them all fighting against each other. They don't want a unified front of streaming providers pushing back and demanding a bigger slice of the pie.
The media industry learned its lesson back when Steve Jobs dunked on them with the negotiations for the iTunes Music Store. The fragmentation happened to Netflix, it will happen to Spotify and co.
Our civilisation will not collapse if RIAA dissapears
kids bought the music. most adults i knew had old collections from their youth and hadn't bought anything for a long time while their kids were buying the music
that almost as bad as my wife and i having to get up for work every morning and then paying bills at the end of the month
1. Are the artists actually being compensated properly now?
2. Assuming the answer to #1 is 'yes', is the music industry going to stop whining now?
Are YOU using the TOOL, or is the TOOL using YOU? Think about it!
Spotify didn't make "selling music online" popular, because when you use Spotify, you aren't "buying" anything. You are essentially paying money to listen to the 2016 equivalent of FM radio. The music isn't yours when if can be gone any time they want it to be.
30 years ago people were buying cassettes, not albums
WTF do you think the word "album" means?
So most new listeners are Italian?
See subject: My sources have data for hardware OR software solutions. Even data vs. DGA botnets vs. malware makers changing them fast OR they get "snuffed" fast by sinkholing them @ ICANN etc..
* E.G.-> Data's MOSTLY free (God bless folks that take time to do it) + "stripping away" preceeding 0.0.0.0 from hosts (most efficient block method that would be MORE efficient IF MS hadn't screwed w/ hosts VISTA onward in 0 blocking removed) EASILY! Notepad.exe's EDIT menu, REPLACE command can.
I can provide WHERE it is - ask! I used to do what you do on a dual homed old PC via netconfig in Linux (sort of).
APK
P.S.=> Security on hosts via my program supplements Windows' WFP/SFP locking hosts vs. corruption - I tried busting it & couldn't (usermode) - kernelmode = easy too (vs bootsector OR driver type) using Windows' RC recovey tools (Disable command on drivers, fixmbr type on bootsector driven rootkits). Update to hosts does the rest (current data = most important)
What?
http://www.acetonestudio.com
30 years ago people were buying cassettes, not albums
WTF do you think the word "album" means?
You got me there. Generally when we talked about albums we meant vinyl record albums, but you're right, the word album doesn't specify the medium.
The Moore-Murphy Law: The number of things that will go wrong will double every 2 years.
At the party I said "I work for the "International Federation of the Phonographic Industry". She said "You work in the porn industry?" I said, "No, the Phono industry."
So was Hitler.
Godwin point. /thread
Gee, that sounds a lot like the RIAA litigation strategy... /snark
30 years ago people were buying cassettes, not albums
If only they'd come out with the in-dash record player...
So the music industry is making a ton of money on streamed content, after all. Those artists who are objecting to getting a billionth of a cent on each streamed play should direct their ire at the nonproducing greedy hog middlemen, not at streaming technology.
The mpaa and such just slowed the process with the sky is falling bait they took hook line and sinker.
They always have to be dragged kicking and screaming to the money. And a lot of people know this and take advantage.
If only they'd come out with the in-dash record player...
Not sure whether you're serious, but Chrysler offered a record player as an option in their cars from 1956 to 1961. The last model had a 12-platter changer.
Am I the only one who saw "... Phonographic Industry" and thought, Wha!?? What does Porn have to do with music?
Music was better back in your day? Whoah bullshit. No it wasn't It was on average the same. I don't care what time period you're talking about. Good music will always be made as long as people love it.
See subject: From others asking https://entertainment.slashdot... & wasn't me (I don't use pfSense)
* I hope my replies were of assist to them!
APK
P.S.=> You trolls - you're ALL the same - weak illogical off topic ad hominem attacks when info. in my replies shuts you down with solid facts (or since that poster I replied to was ac, you're trying some weird 'setup' it seems - a weak one, saying the ac I replied to was me apaprently)... pretty poor that on your parts! apk
Bandcamp, of course
Streaming services merely allows people access to a wider range of musicians/artists and thus allowing the customers to mix-match and find their own tastes.
It's sort of what Steam is like, it allowed everyone access to all the latest games.
Problem is, no one owns the music they 'stream'
Easy, granddad. You do realise that two decades ago people your age now were saying the exact same thing? You are not even being original with your complaining.
Well, not so much.
I actually did and still DO like most of the music from before my time...back to and before when Rock and Roll began.
But in the 90's...things really started to go downhill and I think the fact you still see little kids wearing AC/DC t-shirts and the like instead of big fans of the modern big group (are there any?).
Light travels faster than sound. This is why some people appear bright until you hear them speak.........
I remember when the music industry went all berserk on Napster with the goal to kill once and for all any technology usable for streaming and sharing files on line. Some eventually came to their senses and saw this as an opportunity...interestingly, it was tech giants like Apple and Google, not the record companies.