WEDNESDAY 1.9.19
Music Business News From Around The Web
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Category archives: Music Tech
Sony Unveils a Brand-New 3D Audio Format — Introducing ‘360 Reality Audio’
Forget 5.1 audio surround. Sony Corporation is introducing something far more immersive. For those at the Consumer Electronics Show (CES) in Las Vegas, this is one of the more interesting innovations — at least for those into audio. And alongside its…
CD Baby Artists Earned $100 Million In 2018
[UPDATED] CD Baby has revealed that it’s artists earned more than $100 million in 2018. That impressive number includes income from digital distribution (streaming and downloads) along with YouTube, music on Facebook and Instagram, music publishing, sync and direct CD sales. CD Baby represents more than 750,000 artists, 170,000 songwriters,…
Nielsen Music 2018 Report: On-Demand Streams Up 49%
Nielsen Music has released it 2018 Year-End Highlights. The survey shows a year of significant overall industry growth, with total album equivalent audio consumption up 23% over 2017, driven by a 49% increase in on-demand audio song streams compared to 2017. A similar analysis of 2018 stats by BuzzAngle Music…
How Music and Video Will Rescue Apple [Mark Mulligan]
Music saved Apple’s business back in 2003 when a new iTunes Music Store boosted iPod sales and the entire company, paving the way for the greatest ever period in Apples history. As Apple stock struggles, MIDiA’s Mark Mulligan sees a repeat performance coming with music, along with video and maybe…
Spotify (NYSE: SPOT) To Post Q4 Financials
Spotify (NYSE: SPOT) will post its fourth quarter 2018 financial on February 6th before the market opens. This week, four key analysts downgraded the streamers target price. Option traders also predicted a rocky ride ahead. The streamer will hold a question and answer session to discuss fourth quarter 2018 financial…
Sony Adds New Streaming Music Format ‘360 Reality Audio’
Sony has announced a new music format called “360 Reality Audio” that gives listeners the feeling of being immersed in sound from all directions. It is delivered by Sony’s object-based spatial audio technology and makes it possible for artists to create a 360-degree musical experience by mapping sound sources such…
When Economic Theory Fails: A Critical Look At Waldfogel’s Digital Renaissance
In this piece, Neil Turkewitz digs deep into the recently released book by Joel Waldfogel entitled "Digital Renaissance: What Data and Economics Tell Us About the Future of Popular Culture, a work which explores how the entertainment industry is fairing in the current explosive digital age with regard to the…
Apple Music Expands Song Lyrics To 7 More Countries
Apple has expanded Apple Music lyric support to seven more countries. It is now live in France, Germany, Ireland, Mexico, New Zealand, South Africa and Spain. Apple Music includes both song lyrics, which appear onscreen while listening, and a search function to find song titles by typing in a phrase…
Deutsche Bank Raises UMG Valuation 45% To $33 Billion As Sales Search Continues
Deutsche Bank has raised its valuation of Universal Music Group 45% to $33.19 billion, up from a previous $22.86 billion. That values UMG higher than the market capitalization of its parent company Vivendi, which currently sits at $32.35 billion. "With the hype around UMG stake sale having subsided, there is…