RECORDING INDUSTRY IN NUMBERS 2013 PDF
eBook, PDF, Print www. 'Recording Industry in Numbers' was published. During that time, our industry has For advertising opportunities in the RIN , . monthly resourceone.info monthly /news /One-Direction-are-officially-the-biggest-global-recording-artists-of monthly resourceone.info the music industry has achieved its best year-on-year performance . and drawing in large numbers of new users. an explosion of new.
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News and Notes on RIAA Music Industry Shipment and Revenue Statistics. Joshua P. Source: RIAA. Wholesale. Retail. . Millio n. s o f Su headline numbers, major changes are driving market. as the music industry's digital revolution continues through new phases, driven by the users (down from 26 per cent in ) still regularly access unlicensed services such as numbers for premium music subscription. This new reality of the music industry seemed like an opportunity for several .. Record Industry Association of America RIN Record Industry in Numbers ROI Return to the digital era and lot of changes would have to be done (Collins, ).
With four record labels commanding the market and their CEOs were earning a salary of eight digits a year, the scenario could not be better.
They were busy accounting their success and working to reproduce the formula in a continuous looping. Little did they know, a significant change was knocking on their doors but the sound of the money res- onating on their bank accounts was so loud they did not hear the wind of change.
On the other side of that door, a group of German researchers worked for 12 years to develop a compressed music file that kept the audio quality of a CD and could travel faster in the optical fibre cable and be easily stored in the computer - the popular MP3 format. In , they finally reached a format that combined quality with a reasonable size making it possible to transfer more easily.
The Curious Case of the South Korean Music Market
They used a compression rate Meaning in practice that they were only re- moving the parts that would not make a difference for us to hear. With this achievement, they could convince others that their invention worth using and thus, they started to li- cense it to companies.
When the Microsoft personal computers with Windows 95 got in the stores, it already came with a program that could read MP3 files provided by the creators of it.
What they could not imagine is that their work was going to change the Music Industry forever.
Social media was yet to come at that time, and the web was full of web pages with very simple layouts. They spent time on IRC to discover what was new on the Internet, to chat with people, get some games, and even some music. In an attempt to organise this chaos of mp3 files spread around the World Wide Web, a year-old college student, Shawn Fanning, has created a peer-to-peer software, called Napster.
In the following years, it was possible to choose among several options of peer-to-peer software like Kazaa, Oink, Pirate Bay, Morpheus, E-mule, Soulseek, just to cite a few. For those who were not tech savvy, MP3.
Since crimes over the Internet did not have precedents, only a few investigators knew how to deal with it. These actions helped to create the idea that consumers who were downloading illegal mp3 files were as Robin Hood.
This mentality reinforced after the lawsuits made by RIAA against clueless and random people to make it as an example. However, they did not catch the real pirates. It was as they were punishing the person who was smoking cannabis because they failed to arrest the drug dealer.
During those years, billions in copyrights were lost due to piracy. Two significant law- suits during this period would change the recent history of the music industry.
RIAA won the case against Napster and lost the other one. Afterwards, several companies started to produce MP3 players that were used to play pirated music - this includes the ubiquitous Apple iPod.
Will the Grammys Have a #MeToo Moment?
The consumers felt empowered with this opportunity of having only the songs they liked of their favourite artists. In the saga of their legal battles to preserve the past, record industry managers failed to recognise that the rules changed and they finally realised that they would need to adapt to the digital era and lot of changes would have to be done Collins, It meant investments. Not only regarding money but also regarding people.
Some of their executives were working in the industry decades before the CD was a hit and now they were seeing it becoming obsolete by a technology that would change their whole supply chain Rogers, In fact, some argue that unauthorised file-sharing served to drive consumer spending in other music services, like concert tickets Rogers, However, comparing to the vast catalogue of Napster and other similar platforms, iTunes was insignificant at that time, opposite to the iPod, which was a hit from the beginning.
List of best-selling albums
After some time, the digital sales finally started to grow, and other players entered the market, but iTunes continued to be the leader. A couple of years later, as the record labels were less frightened with technology, other business models that were betting on streaming music substituting ownership by access, started to arise.
Most recently, Spotify came with extensive and continuously growing music catalogue to please consumers and record labels. A person can access millions of songs by stream- ing them paying a monthly subscription fee or have an account supported by ads.
U.S. Music Industry - Statistics & Facts
Some rumours might give the impression that Spotify does not care about artists in their vast catalogue. Some things indicate that the record labels are not redistributing their gains to the artists after receiving advanced payments from the streaming music services like Spotify.
The lack of transparency makes room for that kind of rumours. It appears that either the record companies or the most popular streaming services are not interested in having transparency, especially because it might lead them to pay someone. Labels and streaming services argue it would cost a significant number of investments in data infrastructure and on the other hand, musicians associations argue they already have that infrastructure.
The digital format did the job to produce a whole record less expensive, and this became an encouraging factor to independent artists to pursue their career and let their music to reach their fans. There has been a growing number of business models focused on inde- pendent artists, also known as indie artists.
Between sponsorship revenues and ticket sales, the live music industry in the United States is expected to amass over 10 billion dollars in revenue in Live music creates the need for another branch of music companies who can provide services such as promotion and ticket selling. Live Nation, one of the biggest of these companies, promoted nearly 30 thousand events in and generated revenues of 7. Ultimately, the music industry in the U. Recorded music revenue has hovered between 4. Whilst just This marks a dramatic upward spike from the 4 billion dollars recorded in , and looking at the consistent increase in streaming revenue since , these figures are unlikely to show any signs of decline.
Looking to the future, brands and consumers can expect the music industry in the United States to become increasingly more reliant on revenue from digital channels. This text provides general information. Statista assumes no liability for the information given being complete or correct.
Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.
Read more Interesting statistics In the following 8 chapters, you will quickly find the 66 most important statistics relating to "Music Industry".Figures within the table are based on IFPI annual report, except where noted below. IFPI , In addition to the distributors, record labels also play a major role in the marketing and sometimes publishing of music. It changed the way we communicate and interact with each other socially and at work; it changed the way we consume news and among an extensive list of others things; it also changed the way we consume music.
Statistics on the topic.
It meant investments. Not only regarding money but also regarding people. Enter the email address you signed up with and we'll email you a reset link. Jobs once done by some departments on record labels are now available mainly as subscription services.
Bands that had no appeal for labels now have the opportunity to build their career by their own even if they did not fill up the labels success formula.
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