Global music sales at Apple’s iTunes are down 13% - 14% since the start of the year, according to a new report. The reason are obvious - ubiquitous free music alongside ad-supported and paid streaming. The cure, Apple hopes, is Beats Music, which it acquired along with Beats audio for $3.2 billion.
This post is the first in a multi-part series on executing an optimal music crowdfunding campaign, gathered from my hands-on experience at Think Steady Inc. I’ll share a detailed roadmap of best practices, and if you’ll let me, indulge in a few off-the-wall theories on why they work. I’ll be discussing this fuller in person at SF Musictech Summit on Nov. 11, join me!
When you're just getting started being able to book your own gigs is an absolute necessity. It's a lot easier to conceptualize than it is to execute, but there are a few tricks of the trade that could save you a few wrong turns. Getting your foot in the door of a well established venue can be insanely cut throat, but with some prior planning and professional follow up, you can up your odds tremendously.
[UPDATED] The deadline is less than 2 weeks away to apply to showcase your music tech startup, product or new service at SXSW Accelerator 2015. The event takes place on March 8-9 as a part of the SXSW Interactive Festival which segues into SXSW Music. SXSW Accelerator is a great place to meet venture capitalists, build brand awareness and attract media attention. Details:
An international coalition of creators has joined forces to call for fairer rules and greater transparency in the distribution of royalties by digital music services. The proposals were presented in a new report on "Fair Compensation for Music Creators in the Digital Age", released by the International Council of Creators of Music (CIAM), with the support of the International Confederation of Societies of Authors and Composers (CISAC), Music Creators North America (MCNA) and the Society of Composers, Authors and Music Publishers of Canada (SOCAN).
Apprehenshion spread among those attending this week's CMJ Music Marathon, after it was learned that a New York City based doctor who was confirmed to be infected with Ebola had visited Brooklyn nightclub and bowling alley The Gutter the night prior to being admitted to the hospital. The Gutter is an unofficial CMJ showcase venue. Today, CMJ has issued this statement:
Allowing any website to become a social network with two lines of code, the company puts website owners back in the drivers seat by giving them more control over the management and monetization of their site traffic.
One of the most rewarding opportunities for loyal fans in the 21st century is the ability to watch the artists they love create and release music in real time. Invaluable for the artists themselves is learning the process of constructing direct-to-fan strategies that work for both the band members and the public. Now a massive online community of musicians and their supporters, PledgeMusic enables artists of any size to take control of and monetize their artistic process, building connections and forging unprecedented fan engagement. Here are nine tried-and-true tips and best practices from PledgeMusic’s team of campaign managers to help you enhance your own direct-to-fan ideas.
The UK IP Crime Group has released it's annual IP Crime Report. While it showed significant progress was made in the war against online piracy, it also revealed the United States as the host of the most pirate sites across the internet. This news comes as a bit of a surprise since earlier this year, the US-based IIPA pointed fingers at Canada without reservation suggesting they were a 'magnet' for pirate sites.
Global music streaming service Deezer is acquiring Stitcher, a talk radio and podcast platform. The combined assets will help Deezer differentiate itself in the increasingly crowded streaming sector by offering consumers one-stop access to 35 million music tracks alongside 35,000 radio shows and podcasts. Deezer says it will continue to support Stitcher's mobile app, where it is the top rated podcast app on Android and the second most popular app on iOS behind iTunes.
This retro Spotify media server is based on a Raspberry Pi, the super cheap cerdit card sized single board computer, and as creator Matt Brailsford explains, the cassette tapes contain near-field communication (NFC) tags so that changing the cassette or turning it over switches the playlist.
Sales promotions are short-term incentives intended to stimulate a quick buying response in your target customer. Coupons, one-time exclusive offers, customer loyalty programs, two-for-the-price-of-one discounts, and limited-time prizes with purchase are all examples of sales promotions in the consumer world.
With album sales on steady decline, being able to convert marketing into monetization is more important than ever. Of course you're pushing promos to social media, ads to targeted websites, and special offers to already engaged fans, but do you know which of those avenues are generating more revenue? GeoRiot's Conversion Score allows you to track the success of each individual campaign through iTunes.
The nominees for the 2015 Grammy Awards will be announced by The Recording Academy at a special ceremony on the morning of Dec. 5th.But one of the most important categories, the coveted album of the year, will be missing. “We’re freshening up, changing this up a little bit and the kickoff for Grammy season will still be getting our nominations out that day, albeit a little differently," according to Recording Academy CEO Neil Portnow.
Citi Private Pass, Live Nation Entertainment and Yahoo today announced Backstage with Citi, a new exclusive behind the scenes interview web series on Yahoo Music.
Citi is now an official sponsor of Yahoo Live, a music experience on Yahoo, including the Live Nation Channel which offers fans a live concert everyday for a year. The new series Backstage with Citi is an extension of Citi's long-standing relationship with Live Nation.
To date, know one has built and sustained a popular music based social network. But that is exactly what SFX owned EDM hub Beatport hopes to to with has acquired music based social network Listn. The startup's team will shutter Listn over the next two weeks and then join Beatport. Once there, they will be charged with building a social network that serves Beatport's large community of EDM fans.
Eight music and entertainment companies have committed to providing seed investment funds to select startups through a 14 week music tech accelerator at the Nashville Entrepreneur Center. The six to eight companies chosen to participate in the accelerator will receive a seed investment of $20,000 or more to jumpstart their launch and push through the accelerator in exhange for equity.
Rhapsody has always been music streaming's quiet competitor. They were among the first to the party, but have since have avoided splashy moves - no big ad campaigns or free music listening. Instead, they forged telecom partnerships both in the US and overseas, and continued to improve their offering. With more than 2 million subscribers and no revenue draining free tier, Rhapsody and their international brand Napster's slow and steady strategy apparently is working well enough that it was time to bring in a CEO.
Apple introduced the first iPod 13 years ago today on October 23, 2001. It was 8 1/2 months after the Mac only version of iTunes had been released. While there were other digital music services and players already on the market, the seamless coupling of iTunes and the iPod marked the official beginning or the digital music revolution. As Steve Jobs said that day:
Bandcamp is a website on a mission to provide musicians with the tools necessary to sell their recorded music--both digitally and physically. It's an easy way for artists to give their fans a solid commerce experience and make more money than selling through iTunes or Amazon. Despite all the positive work the company is doing in the music space, it still appears to be focused on selling downloads. This seems like a problem as the social consciousness is wrapped around the idea of unlimited and on-demand music streaming being the solution to the music industry's woes.
[UPDATED] Audio hardware maker Jawbone has debuted Drop. The app plays instant mix based on your favorite songs from Spotify or Rdio, and take song requests from your friends through Twitter. Users reply back with a song they want to play. It appears to be based on Playground.fm which Jawbone acquired last year. Playground's original site is now offline.