Office by Alex Penny
My name is Bill, I am a recent graduate in Information Sciences and Technology from Penn State University and this is a place for me to post or give my 2 cents on the fascinating world of technology. I am now working for a pretty big technology related company whose name I will leave out just to avoid any possible complications, however far-fetched them happening may be. Music gets included from time to time as well.
The music industry, the first media business to be consumed by the digital revolution, said on Tuesday that its global sales rose last year for the first time since 1999, raising hopes that a long-sought recovery might have begun.
The increase, of 0.3 percent, was tiny, and the total revenue, $16.5 billion, was a far cry from the $38 billion that the industry took in at its peak more than a decade ago. Still, even if it is not time for the record companies to party like it’s 1999, the figures, reported Tuesday by the International Federation of the Phonographic Industry, provide significant encouragement.
“It’s clear that 2012 saw the global recording industry moving onto the road to recovery,” said Frances Moore, chief executive of the federation, which is based in London. “There’s a palpable buzz in the air that I haven’t felt for a long time.”
» via The New York Times (Subscription may be required for some content)
Interesting how services such as Spotify are starting to have the effect the industry was hoping they would. However it would be nice if we found a way to turn it around that really rewarded the artist again as the royalties received from Pandora and Spotify are ridiculously small.
Buy a ticket to a movie at a theater, you get your choice of a hard or digital copy in future distribution at no charge. Buy a complete album & be able to attend one concert venue of the artist’s upcoming tour at no charge.
Oversimplify’s the cost of things a bit, but this could be a good promotional idea.
Reposted from http://bit.ly/Rv2hRB on January 03, 2013 at 11:58AM
After a busy 2012, music tech companies across the board are set for a big 2013. Streaming music companies will engage in further struggle while tech usage trends affect how music is consumed. I’ve gathered 5…
The biggest takeaway I think is that it is no longer enough to just be a musician, you have to have an entrepreneurial nature as well. If you can not take charge of your music yourself in the information age you can’t compete
LEAKED: Myspaces master plan to raise 50 million and re-launch as a spotify killer
I think it makes sense to go after spotify rather than the traditional social networks if they’re going all in on the music part, though it’s really hard to see them getting past the prior image of the product. I always knew about the low royalties issue but I feel like spotify losing money just kind of popped up suddenly, really shows how good of a spin artist Daniel Ek is or how good he is at finding capital. If nothing else it would be nice if myspace actually added a more artist friendly aspect to the streaming model, which it’s social roots might give it an opportunity at.
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Why We Shouldn’t Worry About The (Alleged) Decline Of The Music Industry - Forbes (via futuristgerd)
I’ve seen, and in some cases used, these arguments before and I feel like they only solve part of the equation. Especially these days when so many artists are signed to 360 deals. While it would be nice to believe these factors could allow a self-sustaining environment, it still shows these days that for bands to be really successful they still need major labels.
(via emergentfutures)
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Locus Online Perspectives » Cory Doctorow: Music: The Internet’s Original Sin
One of the most thorough and all-encompassing articles I have read on the state of ethics in the modern music industry.
“You can find [music] on the radio and TV, but those songs are chosen for you. The Internet allows you to find your own music. It’s more personal.”
“I think ownership is access, you don’t have to have music on your local hard drive to own it.”
Changing perception of music as a medium. What’s yours?
Out of the plethora of startup and other music tech companies out there, the one thing that is apparent to me is the lack of any that strike at the heart of some very serious and tough problems that the industry faces.
In summary:
We don’t need yet another recommendation engine!!
The…
A lot of this fits in with Tim Berners-Lee’s TED talk about web 3.0 and linked data a couple of years ago. We’ve become so inundated with content that the primary objective people see is how to connect and filter it.
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SPOT seminars and keynote speeches: the music industry at your fingertips. | SPOT Festival
Meet Gerd Leonhard in Arhus / DK, May 14, 2012
(via futuresagency)
