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Consumer Spending On Digital Music Actually Fell In 2014 + Your Top Music News

Posted by Glen Sears | December 7, 2015 11:04 am | No Comments

Digital music spending actually fell in 2014 soundcheck

Story of the Week

Consumer Spending On Digital Music Actually Fell In 2014 (Yes You Read That Right)
Though the drop was small – 1% – it was still nonetheless a drop at a period when digital spending should be booming.

In some key markets the consumer spending decline was significantly larger, such as a 3% fall in the UK. Of course, overall digital music revenue grew globally in 2014 but all of that growth came from the 37% increase in digital music B2B revenues, such as advertising income and telco bundles. In short, the music industry is getting better at selling to businesses and worse at selling to consumers in the digital arena.

Read more on the Midia Blog: http://bit.ly/1TU2ElI

Top News Stories

YouTube Outgrossing Pandora and Candy Crush Saga On The U.S. App Store – People are starting to pay their monthly subscriptions for YouTube Red, the new subscription tier to YouTube, and the early indications are that plenty have paid for at least one month. Read More

Google Retires the Songza Brand – On January 31, over a year and a half after being acquired by Google, Songza will finally retire its website and app, marking an end to a small yet innovative Internet radio service. Read More

MediaNet is proud to have supported Songza from its early startup days, powering the backend of the Songza Platform with our catalog and streaming services, helping it grow to the scale and popularity it attained on the Web and with its mobile apps. We look forward to the impact its industry-leading, human-curated playlists will have on Google Play. See our many customers here.

Pandora Shares Fell 11.5% Thursday After Music Streamer Announces Plan To Borrow $300 Million – Pandora has announced its intention to offer $300 million in convertible senior notes due in 2020 in a private placement to institutional buyers. Read More

Jay Z’s Tidal Gets New CEO: Former SoundCloud Exec Jeff Toig – Before he was SoundCloud’s Chief Business Officer, Toig was a founder and svp at Muve Music, Cricket Wireless’s innovative music service, and was on the Virgin Mobile USA founding team. Read More

Live Nation’s James Barton Is In ‘Serious Talks’ For A Leadership Role At SFX Entertainment – Barton’s arrival at SFX comes amid talk that its directors are unhappy with CEO Bob Sillerman’s performance to date and the state of SFXE’s teetering finances. Read More

Tunecore Has Been Hacked, Sensitive Data Revealed, All User Passwords Invalidated – “We recently discovered suspicious activity on TuneCore’s servers in November, and that on November 17th an individual illegally collected information from our servers.” Read More

Facebook Adds Concert Ticketing and Opens Up Live Streaming – News of the ticketing pilot came as Facebook opened up its live-streaming video to all users – well, all users in the US at least – having previously made it only available to verified users. Read More

Surprising Discoveries

Rdio May Have 100k U.S. Subscribers “Up For Grabs” By Rivals – Rhapsody’s senior director of traffic and demand Greg Spils told Billboard that Rdio’s closure may leave around 100,000 US subscribers “up for grabs”, with his company keen to attract as many of them as possible. Read More

Spotify Tops Pandora as World’s Most Popular Music Streaming App – In the past year Spotify moved to the top of the game in revenue, active users, and app downloads, according to a new report from app analytics firm App Annie. Read More

Coldplay Rejects Freemium: New Album Not On Spotify, But Is Streaming On Apple Music, Tidal, Amazon, Rhapsody – The decision is a clear rejection of free and freemium by the multi-platinum rockers. Read More

First-of-Its-Kind Report Assembles Hard Numbers on the World’s Creative Industries – Creative industries contributed $2.25 trillion to the global economy, according to the report by CISAC president Jean-Michel Jarre and director general Gadi Oron, UNESCO director general Irina Bokov and EY consultant Marc Lhermitte. Read More

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