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Trends

The First Public Company For Jazz 'BeBop' Makes History On The Stock Market

The First Public Company For Jazz 'BeBop' Makes History On The Stock Market

Source: Sue Veres Royal

The BeBop Channel Corporation (OTC PINK: BBOP), made history earlier this month as the first Jazz public company, giving a Wall Street voice to the world of Jazz – America’s classical music. Many people in the New York area are already familiar with ‘BeBop’ from their programming, including their recent Off-Broadway production God Doesn’t Mean You Get to Live Forever, the New York Jazz Film Festival, and the television series Giant Steps starring the late Mickey Bass and many top ...

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Trends

5 Big Takeaways From IFPI's Music Listening Report 2019

5 Big Takeaways From IFPI's Music Listening Report 2019

Source: HypeBot

IFPI, the global recorded music trade organization, today released its Music Listening 2019 report, which surveys how music consumers 16-64 engage with recorded music across 21 countries. Here are five big takeaways. The IFPI Music Listening report has been published in previous years under the title IFPI Music Consumer Insight Report. 5 IFPI Report Highlights 1. Podcasting is not cutting into music listening... yet.  In 2019, respondents typically spent 18 hours per week listening to music – up from 17.8 ...

Trends

95% Of U.S. Latin Music Revenue Comes From Streaming, says RIAA Report

95% Of U.S. Latin Music Revenue Comes From Streaming, says RIAA Report

Source: HypeBot

A new RIAA report shows that in the first half of 2019, the U.S. Latin music business continued to grow at a double-digit pace. By mid-year 2019, Latin music revenues grew 13.5% to $232 million at estimated retail value versus the prior year. That builds on three consecutive years of growth through the end of 2018. Total Latin streaming revenues grew 17% to $220 million, accounting for 95% of the Latin music market. “The U.S. Latin music market is continuing ...

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Trends

Discogs Mid-Year Survey Shows Surprising Surge In CD Sales

Discogs Mid-Year Survey Shows Surprising Surge In CD Sales

Source: HypeBot

Music marketplace Discogs has released its Marketplace Analysis & Database report for the first half of 2019 and it revealed some surprising data about online music retail. The report showed the continued popularity of the vinyl format with consumers, with sales rising 3.03% year-over-year with over 4.3 million records purchased. More surprisingly, the data compiled in the report suggests that the demise of the compact disc has perhaps been exaggerated with the format seeing growth of 23.6% for the first ...

Trends

6 Music Business Trends You Need To Pay Attention To

6 Music Business Trends You Need To Pay Attention To

Source: HypeBot

Music manager Jake Udell shares six insights gleaned from a recent dinner hosted by the music/tech investment group Raised in Space and attended by several music industry heavy-hitters, as well as exploring what they can tell us about the future of the music business. Guest post by music manager Jake Udell of Art of Manager I had the pleasure of attending a dinner hosted by Raised in Space last night. It was the most well-organized event of its size I’ve been to ...

Trends

U.S. Music Streaming Revenue Tops $8 Billion, Up 33%

U.S. Music Streaming Revenue Tops $8 Billion, Up 33%

Source: HypeBot

On-demand music services including Apple Music, Pandora and Spotify will top $8 billion in revenue in the U.S. this year, up 33% as increased adoption of products like wireless earbuds and smart speakers help drive more music subscriptions, according to a new Consumer Technology Association survey. The growing popularity of music and video streaming services, artificial intelligence (AI)-enabled emerging devices and in-vehicle technology will help drive the U.S. consumer tech industry to a record-breaking $401 billion in retail revenues in ...

Trends

Revenue For Unsigned Artists Grew 35% Last Year

Revenue For Unsigned Artists Grew 35% Last Year

Source: HypeBot

\A new study from MIDiA Research and indie distributor Amuse shows that independent artists are the fastest-growing segment of the global recorded music business, the beginning of what may be the biggest paradigm shift within the music business in decades. The survey of 250 musicians globally offers a snapshot of how artists without labels make money, as well as their career aspirations. Key Findings Artists without record labels generated $643.1 million in 2018, up 35% from 2017. Independent artists represent ...

Trends

US Streaming Growth Is Slowing, But That's Not A Bad Thing

US Streaming Growth Is Slowing, But That's Not A Bad Thing

Source: HypeBot

Streaming growth is slowing down in the US according to the Nielsen Music Mid-Year Report.  But don't hit the panic button, writes Bobby Owsinski, There's still plenty of room for growth worldwide. By Bobby Owsinski of Music 3.0 The latest Nielsen Music Mid-Year Report shows that streaming has actually dropped by 5% in the U.S., which is causing some unneeded panic to occur in some sectors of the music business. With streaming growth predicted to continue for the next 10 years, any sign of ...


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