The Music Industry Had a Fantastic 2017, Driven by Streaming Revenues (fastcompany.com)
An anonymous reader shares a report: Global recorded music revenues soared by $1.4 billion in 2017 largely due to the increased adoption of music streaming services among consumers, reports the Music Industry Blog. Global recorded music revenues reached $17.4 billion in 2017, putting it just a hair below 2008's $17.7 billion in revenues. That means that most of the decline in recorded music revenues over the past 10 years has now been reversed. Streaming was the largest driver of that growth, accounting for 43% of all revenues. In 2017 streaming revenues surged by 39%, topping out at $7.4 billion.
They said streaming would be their downfall. Funny how that isn't true, huh?
lawsuits against evil pirates will continue unabated.
ELOI, ELOI, LAMA SABACHTHANI!?
They might stop whining about "piracy" ?
Ha ha ha. Who am I kidding.
Ask the artists how much of that streaming revenue went to them. There is more than one kind of pirate.
In a few years, will they stop selling music and go streaming-only?
#DeleteFacebook
I wonder what artist pay looks like in this same timeframe. Both mode and median values.
You know they will. They'll still scream and cry and throw temper tantrums about 'piracy' and how much it's cutting into their revenues and how it's 'hurting the artists the most' (which is a lie). Because the recording industry is a prime example of capitalism gone bad.
I've a hard boycot in place since... 20 years on streaming and downloaded music, and with perhaps three exceptions on physical media. That means I don't pay for anything (and I don't listen either). I make my music myself, I go to concerts (and do pay there willingly, most of the time more than the artists ask for).
I have a dream: that most people did the same, to starve this parasite which is the "content industry" out of existence.
Make it available at a reasonable price, and people will pay. I seem to remember a few of us mentioning this occasionally.
Well except for all the people pirating the free section of Spotify, showing just how much of a lie, "make it affordable" really is.
https://entertainment.slashdot.org/story/18/03/23/234234/spotify-says-2-million-users-hacked-apps-to-suppress-ads-on-its-free-service#comments
Imagine how much more they could have made if it hadn't been for all that piracy and illegal filesharing^W^W^W^W money wasted on legal action against their best potential customers.
Nope, no sig
If you exclude the "superstars" you know... the people who are already stinking rich, and instead focus on the other 99.9999% of actual musicians then it's (43 + 9.3 + 3.6) / 3.6 = 6.4%
Pretty low, but I honestly was expecting sub percentage :P basically unless you are a superstar you have no leverage and almost all of the profit goes to the mob unless you deal directly with the consumer or specialise in live music.
Despite supposed piracy! Interesting!
Sent as ripples into the electromagnetic field. No single photon has been harmed in the process.
They'll complain that piracy steals so much from their revenue that they are in danger and more aggressive copyright laws are needed.
Are politicians dumb or complicit ?
Totof
Fuck those guys. Im going to pirate twice as much FLACs now.
Who do think they are, gun manufacturers??
Deal with that regulatory capture thats gone on for as long as your shithole cuntry has and then well talk about the ebil media jews mmkay?
Edison was trying to sell you his Direct Currect electric system.. what a shock he was talking shit about Alternating Current!
Beat that, industry whore!
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