From 2013 to 2017, the total revenue earned by all music record companies worldwide will increase from $16.7 billion to $17.2 Billion — that’s up by just 3.2%. Revenues from physical formats will fall by $2.09 billion and revenues from digital download sales will fall by $663 million.
Revenues generated from publishing rights will increase, but only by $322 million. But global digital music subscription revenues will increase by $2.9 billion.
Universal Music is to launch an audio-only version of the Blu-ray Disc (BD) format in the UK, entitled High Fidelity Pure Audio (HFPA), enabling uncompressed HD audio playback through mainstream BD players and other devices with BD drives.
The HFPA format is targeted at a niche consumer group consisting of tech-savvy audiophiles who have already invested in sophisticated home entertainment systems, including BD players and high performance music systems.
via Screen Digest
Everyone agrees the music industry is struggling in today’s economy. Delivery systems have changed, digital rights management is failing, and even artists are moving away from major record labels.
The four largest recording companies are now seeing artists move to smaller companies by choice to receive higher royalty percentages and creative distribution.
via Washington Times
Just as HDTV revolutionized our television viewing with its huge leap in picture quality, High-Res Audio is doing the same for the music we listen to. If you’re wondering if your ears really need it, just ask your eyes if they’re willing to go back to old, standard definition TV.
By enabling digital lossless capture of original analog audio sources, it’s now possible to listen to performances exactly as the artist intended.
More than one in five Americans will listen to music on their mobile phones this year, eMarketer estimates — after usage nearly doubled in 2012.
Listening to music on their smartphone is now a regular activity for more than 70 million people in the U.S. market, and double-digit growth is expected to continue through 2015.
Fans of recorded music that are already paying for on-demand streaming services will total 29 million people worldwide at the end of 2013, according to the latest market study by ABI Research.
Moreover, the high-growth cloud music services subscriber base is forecasted to reach 191 million by the end of 2018.
Across a variety of formats, music is undoubtedly the most mature segment of mobile entertainment.
The global revenues from streamed music services on mobile devices are expected to rise by more than 40 percent to $1.7 billion, according to Juniper Research.
For the first time, these revenues will thereby overtake those generated by full-track downloads to mobile devices.
Internet radio is running on terrestrial radio’s coattails, according to The NPD Group.
Their study, which surveyed U.S. consumers ages 13 to 35, found that AM/FM radio is still the primary method for music listening, cited by 24% of respondents.
However, internet radio is just behind with a 23% share.
British songwriters netted a record total of £51.7 million in UK royalties from digital music services last year, as online licensing revenues eclipsed radio for the first time.
UK digital revenues soared 32.2% in 2012, from £39.1 million in 2011.
Digital music players are now the biggest single source of income for songwriters in the UK, having overtaken radio last year.
via The Guardian
The Global Digital Recording Music market is to grow at a CAGR of 12.05 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increase in initiatives to curb piracy.
One of the major trends is an increase in the adoption of cloud services.
Cloud computing is paving the way to access music online legally and is rapidly being adopted — since it adds value in terms of music portability.