It’s clear to me that 2018 – the year we’ve all been waiting for with grave anticipation – will revolutionize the music industry. It is clear that the world of the music industry is accelerating. So what does this mean for 2018?
U.S. On-Demand Streams Passed 618 Billion in 2017, Outpacing Sales Declines Again — www.billboard.com
For the third straight year, the U.S. music business is not only growing, it’s growing faster, as overall consumption hit 636.7 million equivalent album units in 2017, up 12.5 percent from 566.1 million in 2016, according to Nielsen Music.
How Lyor Cohen and YouTube Will Compete With Spotify — fortune.com
YouTube agreed to deals with major music labels, which were needed to launch a subscription music service to compete with Spotify.
Music industry is trying to save CDs any way it can — www.thestar.com
Despite becoming what some dubbed “the year of streaming,” 2017 proved those shiny little discs still have some life left in them. But it isn’t necessarily because of strong consumer demand.
Spotify Chief Content Officer Stefan Blom Exits — variety.com
Stefan Blom, Spotify’s chief content officer, is leaving the company after a little more than three years — and just as the music-streaming provider is about to launch an initial public offering.
Sony Reaches Settlement Over Streaming Royalties to 'American Idol' Stars — www.billboard.com
On Wednesday (Jan. 3), it was revealed in court that Sony Music had reached a settlement in principle on streaming income with 19 Recordings, the entity started by Simon Fuller that represents the financial interests of American Idol stars like Kelly Clarkson, Clay Aiken and Carrie Underwood.
How Spotify solved a $1 billion debt problem that will help it IPO — www.recode.net
Big investors TPG and Dragoneer get a nice return, and Tencent gets a piece of the streaming music company. Everybody happy?
Music Streaming Site Melon Releases Year-End Stats For 2017 — www.soompi.com
Melon, one of Korea’s largest online music stores, released some statistics for the year of 2017.
Totally Unguaranteed Predictions for the World of Music in 2018 — ajournalofmusicalthings.com
Filtering what’s happening in music to save you time, money and effort.
Napster, Voxtok Join Forces to Bring a Unique Music Experience to TV — platformandstream.com
Napster and Voxtok, which recently joined the Netgem Group as its dedicated Sound Division for innovative musical entertainment in TV and audio sectors, are joining their expertise and complementary offerings to create a unique new musical experience based on multiple sources and contextualized services.