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New Study By Goldman Sachs Forecasts Double-Digit Growth For Music Biz

New Study By Goldman Sachs Forecasts Double-Digit Growth For Music Biz

Source: HypeBot

The music business has had a tough go of it over the past decade, but in recent years things have taken a turn for the better, with industry business booming. Thankfully, this trend shows no signs of waning, according to recently published research from a team at Goldman Sachs. Guest post from AWAL Business really is booming. Back in 2016, financial services juggernaut Goldman Sachs dug deep into music business economics. Their findings, published as a widely read report, “Music In The ...

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Rights

ASCAP Cuts Payments Just Months After Issuing a Glowing Forecast

ASCAP Cuts Payments Just Months After Issuing a Glowing Forecast

Source: HypeBot

In April of this year, ASCAP announced,  “Music is performed more often, in more places, in more ways by more businesses than ever before. That expanded music use, combined with dramatic ASCAP Membership growth, market share increases and effective strategic management have led to stunning revenue and distribution growth for 2009." 2009 collections had risen $48 million to $995 million from the $947 million collected in 2008. But just recently, ASCAP cut payments to some members of it's ASCAPlus program by ...

83

Technology

Forecast Predicts Strong Digital Download Growth

Forecast Predicts Strong Digital Download Growth

Source: HypeBot

At present there are 105.4m paid users of digital music in North America. A new forecast predicts that number will grow to 227.2m by 2014. As well, it argues that the number of paid download users in the US and Canada—from the period of 2010 to 2014—will increase from 105.4m to 227.2m. However, they expect that the greatest growth will happen through online and mobile subscription users; an increase from 1.9m in 2009 to 9.1m in 2014. In accordance, they ...

235

Recording

New Release from Lucy Woodward "Hooked" on Verve Forecast

New Release from Lucy Woodward "Hooked" on Verve Forecast

Source: Verve Label Group

"I wanted to make a modern-day torch record," Lucy Woodward says of her Verve Records debut Hooked!, which finds the New York-bred singer-songwriter achieving a remarkable creative rebirth by reembracing her early musical roots. Woodward made her first impression on the national scene with her 2003 debut album While You Can and her bubbly pop hit “Dumb Girls." But her musical heart lies in the soulful authenticity of classic jazz, swing, R&B and Latin music, and it's those influences that ...

168

Recording

New Release from Aqualung "Magnetic North" on Verve Forecast

New Release from Aqualung "Magnetic North" on Verve Forecast

Source: Verve Label Group

Aqualung's Matt Hales thought he had it all figured out. In 2007, the British singer/songwriter told a London audience that he was retiring. “I'd had enough of it at that point and thought I might just be a teacher or do something else."

However, the stellar batch of tunes that make up his new Verve album, Magnetic North, came calling and they wouldn't take no for an answer. “The songs were like, 'Hey, hey, hey, hey, hey, C'mon dad, let's ...

121

Technology

Forecaster Says 2010 is Digital Music Tipping Point

Forecaster Says 2010 is Digital Music Tipping Point

Source: HypeBot

2010 is the year the total dollars spent on digital music will surpass the sale of physical goods according to a new forecast. Paul Verna, eMarketer senior analyst and author of the report, “Paid Music Content: The Answer Is Blowin' in the Cloud." forecasts that US consumer spending on digital music will increase at a compound annual growth rate (CAGR) of 11.04% in the next four years, reaching $4.56 billion in 2013, up from $3 billion in 2009.

As iPod ...

164

Technology

'Weather Channel' Changes Music Format: 'Weather Report' in the Forecast?

'Weather Channel' Changes Music Format: 'Weather Report' in the Forecast?

Source: All About Jazz

"Callin' out around the world / Are you ready for a brand new beat?"--Martha and the Vandellas hit from the summer of '64 (video) written by William 'Mickey' Stevenson and Marvin Gaye. Around the world, indeed--from North to South America; from France, Germany, and England to India and Australia. With the flip of a switch, the Weather Channel's cultural tsunami--unexpected and relentless--quietly surges through the web of communication satellites and fiber-optic cables that envelope the world like strands of extruded ...

205

Performance / Tour

Forecastle: Zappa, Umph, Ymsb

Forecastle: Zappa, Umph, Ymsb

Source: JamBase

Zappa Plays Zappa, Umphrey's McGee, Yonder Mountain String Band Added To Forecastle Tickets On-Sale Today, Over Fifty Bands, DJs to be Announced

The Umph The Forecastle Festival and Nederlander Entertainment have announced more artists to the 8th annual Forecastle Festival, July 10 - 12 at the Riverfront Belvedere in downtown Louisville, Kentucky:

Zappa Plays Zappa, Umphrey's McGee, Yonder Mountain String Band, Pretty Lights, The New Mastersounds, The Whigs, Outformation, Kathleen Edwards, and Dead Confederate have been added to ...

115

Festival

DC Forecast: Duke Ellington Festival Free Concert

DC Forecast: Duke Ellington Festival Free Concert

Source: All About Jazz

The third Duke Ellington Jazz Festival is well underway, and after a week of movies, workshops, and musical events held throughout Washington, DC, the festival is heading towards its culminating event, an all day free jazz concert on the National Mall.

Dedicated this year to celebrating the 90th birthday of jazz giant Dizzy Gillespie, the National Mall concert flagship event will bring together nine of the 12 artists whose careers were advanced when Gillespie hired them to play in the ...

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Performance / Tour

All Ellington Sat/Sun Cancelled this Weekend Due to Weather Forecast

All Ellington Sat/Sun Cancelled this Weekend Due to Weather Forecast

Source: All About Jazz


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