Issue #399: 43% of Music Revenues via Streaming in ’17; J. Cole Breaks Drake’s 24-Hour Streaming Record on Apple Music

Blog, Music, Streaming

43% of music revenues came from streaming last year
43% of music revenues came from streaming last yeartechcrunch.com

Streaming services and their subscription revenue has saved the music business, according to a new music industry report, which notes that 2017 was the third consecutive year of revenue growth — again, thanks to digital music consumption.

How Music Generated by Artificial Intelligence Is Reshaping -- Not Destroying -- The Industry
How Music Generated by Artificial Intelligence Is Reshaping — Not Destroying — The Industrywww.billboard.com
There is an enduring fear in the music industry that artificial intelligence will replace the artists we love, and end creativity as we know it.

How streaming will continue to change everything in the music business
How streaming will continue to change everything in the music businesswww.musicbusinessworldwide.com

In the backdrop of Spotify becoming a publicly traded company, streaming is working for a majority of stakeholders in today’s music industry.

Spotify in Israel: Streaming Service a Success a Month After Launch – Variety
Spotify in Israel: Streaming Service a Success a Month After Launch – Varietyvariety.com
A month after Spotify’s launch in Israel, the streaming service is finding its footing.

How This Startup Is Finding Millions of Dollars in Unclaimed YouTube Revenue For Artists and Labels
How This Startup Is Finding Millions of Dollars in Unclaimed YouTube Revenue For Artists and Labelswww.billboard.com
Create Music Group (CMG) has grown from a YouTube collection specialist into a profitable 75-employee force with tentacles in a range of overlooked opportunities in the music business, from mixtape monetization to video-content creation beyond official music videos.

J. Cole Breaks Drake's 24-Hour Streaming Record on Apple Music With 'KOD,' Nearly Double Its Spotify Streams
J. Cole Breaks Drake's 24-Hour Streaming Record on Apple Music With 'KOD,' Nearly Double Its Spotify Streamswww.billboard.com
With his album KOD garnering 64.5 million streams in its first 24 hours in the U.S., J. Cole set a new record on Apple Music for most album streams in 24 hours, eclipsing Drake’s Views by almost a million streams.

UK Collection Society PRS for Music Revenues Top $1 Billion for First Time
UK Collection Society PRS for Music Revenues Top $1 Billion for First Timewww.billboard.com
Revenues at U.K. collection society PRS for Music topped $1 billion for the first time in its 104-year history in 2017, rising 12.7 percent on a constant currency basis to total £717 million.

Block ’n’ roll: 3 ways blockchain is building the music industry of the future
Block ’n’ roll: 3 ways blockchain is building the music industry of the futuremedium.com
2018 is the year of blockchain: the fledgling technology promises transformation across all industries, from healthcare to finance. This week alone, new blockchain projects have been announced by…

AIM Partners With Muso to Help Indie Artists Sink Pirates
AIM Partners With Muso to Help Indie Artists Sink Pirateswww.billboard.com
The Association of Independent Music, a U.K. trade body representing hundreds of indie labels, artists and start-ups, has teamed with digital piracy watchdog Muso to give its members access to tools for monitoring and taking down unlicensed content from the internet.

Spotify’s line-in
Spotify’s line-inmedium.com
Music streaming has a vexing data problem, but Spotify believes it has a way to help fill in some of those info gaps across its 30 million songs.

Record Store Day: Why music streaming will never replace the quest for vinyl
Record Store Day: Why music streaming will never replace the quest for vinylwww.cbc.ca
The Day 6 music panellists share their most memorable quests for elusive vinyl records, from obscure movie soundtracks to long-forgotten cover songs.

Apple’s Jay Liepis Heads to Nashville to Bolster Country Music Ties
Apple’s Jay Liepis Heads to Nashville to Bolster Country Music Tiesvariety.com
Apple Music is establishing a beachhead in Nashville, as 13-year Apple veteran Jay Liepis relocates to Music City to head up a new office.