In the past few months the publication of detailed national digital-music sales figures has illustrated great differences between countries’ digital-music-buying habits. Published analysis of digital-music sales patterns has drawn a variety of conclusions regarding whether subscription streaming services are cannibalizing download sales. However, as subscribing to music starts to become mainstream and download sales begin leveling off, or falling, more and more people are asking whether streaming is to blame. Continue reading
Celebrating a rise in global recorded-music trade revenues is something most in the music industry under the age of 30 have never done. After a flattening in trade revenues in 1999, every subsequent year through 2011 saw revenues drop. Last year, however, the industry experienced slight growth, bringing an end to a 12-year contraction streak.
The IFPI cautioned against getting too carried away with the result, and digging into the different national-trade-association results suggests it was right to do so. Moreover, although a 9% rise in digital sales was the driving force behind the return to overall growth, the differences in the performance and transformation of the leading markets effectively make any evaluation of the global recorded-music industry almost irrelevant. Continue reading
In the past 20 years or so, all sectors of the music industry have been through massive change. Format transitions, company consolidation and greater scrutiny of copyright and licensing have changed the industry beyond all recognition. But have the changes made for industry improvements, and more important, have the main players learned from their mistakes? The recent discovery of the first issues of Music & Copyright has allowed for a unique look at just how much certain things have changed, and how much they haven’t.
The newsletter’s 20-year anniversary came and went in September, but thanks to a long-standing subscriber, copies of the first 24 issues published have been found and make for interesting reading. Despite containing names that have either long since left the music industry or been swallowed up as part of industry consolidation, the headlines for a number of news stories resonate closely with happenings today. Continue reading
Toward the end of last year, Deezer and iTunes extended their footprints to include several countries that are often considered emerging markets. The growth of broadband Internet use around the world, providing access to a wealth of unauthorized recorded music, has made life difficult for new digital-service rollouts. But with the balance of economic power expected to shift away from the current leaders, is now the time for the emerging markets to start living up to their name? Continue reading
Over the past decade or so, the assessment of the recorded-music industry has shifted from retail sales to trade value. The complexities and the growing number of business models involved in the delivery of digital music, coupled with unknown retail markups, make quantifying the retail value of recorded-music sales speculative at best. But the enduring appeal of ring tones and ring-back tones in some less-developed countries suggests that the size of the global retail pie has not changed; there are just more players taking a slice. Continue reading
For a number of years, the MP3 audio codec dominated digital-music downloading. MP3 was initially synonymous with illegal downloading, but in 2007 the major record companies dropped their opposition to selling music in unprotected formats. Although Apple chose to stick with the AAC codec, most others opted for MP3. Until recently little has changed in terms of quality. But with broadband speeds and household penetration continuing to rise, is now the time for the music industry to up its focus on quality? Continue reading
Music & Copyright’s annual survey of the recorded-music and music-publishing industries has revealed that Universal Music Group (UMG) remained the world’s biggest record company and Universal Music Publishing Group (UMPG) the largest music-publishing company in 2011. The positioning of each of the four major record-label and music-publishing companies was unchanged last year. Although this lack of change could suggest that 2011 offered up “more of the same” in the recorded-music and music-publishing sectors, such an assumption would be wide of the mark. Continue reading