Posted by Glen Sears | September 8, 2015 11:49 am | No Comments
Story of the Week
Digital Song Sales Hit Seven-Year Low, Streaming Continues to Rise
15.66 million. The lowest weekly number in nearly eight years for digital songs sold in the U.S. According to Nielsen, the week ending Aug. 27 had the smallest weekly sum for song downloads since the week ending Dec. 9, 2007, when 15.64 million were sold.
Not surprisingly, as sales plummet streaming continues its ascent, with the same frame marking the highest week of total U.S. on-demand audio and video streams: 6.6 billion. The streaming surge follows as consumers adapt to free and low-cost streaming services (like Spotify, YouTube and Apple Music) and shift away from the pay-to-own model.
Read More: http://bit.ly/1PZrX2W
Other Important Headlines
Google Brings Its Music Streaming Service to Japan’s Unique Digital Music Market – Google followed Apple and brought Play Music All Access to Japan on Friday, giving the world’s second-largest music market subscription services from two huge technology companies. Read More
Comscore Data Shows 44 Million In U.S. Have Used Apple Music – That number is much higher than the 10 million global user figure “leaked” by supposed industry insiders last month. Read More
Why Profit Isn’t An Issue For Apple Music – “Apple has always primarily been a hardware company, and has a history of operating many of its services, like iTunes, at a loss.” Read More
StubHub Claims Many Users Don’t Want To See Out-of-Pocket Prices – “We have many different types of users at StubHub. A significant number of users prefer to comparison shop while other users prefer to just see the out of pocket price when making purchasing decisions.” Read More
ReverbNation Has Been Hacked – Change Your Password Now! – Law enforcement agents say that in January of 2014, an individual, who has since been charged, illegally accessed a vendor’s computer systems and gained access. Read More
Pandora To Celebrate 10 Years With Ad Free Listening Tomorrow, September 9th – They’re calling it Listener Love Day – a full day of music with no ads from 12:00am ET, Wednesday, September 9 thru 12:00am ET, Thursday, September 10. Read More
The ‘Friend’ Who Killed a Grooveshark Executive Faces Life In Prison – According to details released by Florida’s Sixth Circuit State Attorney’s Office this morning, Torres faces formal sentencing October. That could include life in prison. Read More
No comments yet.
Sorry, the comment form is closed at this time.
The MediaNet Blog
Insights, News, Announcements, and Updates on MediaNet and the ever-changing world of music, technology, industry, and law.
Get Weekly Music News Updates Directly To Your Inbox!
- SoundCloud Rescued and Installs New CEO, TIDAL Names New CEO Too, Amazon Eyes U.S. Ticketing
- August 14, 2017
- SoundCloud Speculation Continues, Apple Courting Indian Music Company, Sony Music Has Huge Q1
- August 7, 2017
- SoundCloud May Have New Equity Deals, YouTube Red Merging with Google Play, SESAC Strikes U.S. Radio Deal
- July 31, 2017
Powered by WordPress