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Digest: Fans More Willing To Pay For Music, Amazon’s Music Plans, Slacker Lays Off Staff

Posted by Glen Sears | April 17, 2017 9:20 am | No Comments

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Top Music News Story

Fans Have A Growing Willingness To Actually Pay For Music
Music fans are showing a growing willingness to actually pay for music, and that is helping to drive the current growth in the recorded music industry. In fact, the value of those fans grew 11% last year driven by tens of millions of $10 per month on-demand subscriptions, according to MusicWatch’s Annual Music Study.

Read the full story on Hypebot

Other Music News Highlights

“Music Streaming Still Needs To Get A Lot Easier For Consumers.” In an exclusive interview with MBW, Steve Boom discusses Amazon’s ambitions in digital music, streaming’s potential to grow globally, the tricky subject of artist exclusives and free vs. paid- plus the small matter of how we’re all going to listen to music in future.

Slacker Radio Has Laid Off 25% Of Its Staff. “Slacker Radio is laying off approximately 25% of the team as part of our ongoing effort to focus on efficiency and accelerate the path towards profitability.”

Pandora Is Now Talking To Private Equity Firms In Search Of Cash. Pandora is in talks with private equity firms Providence Equity Partners, Silver Lake, KKR and others; tandem talks with other potential partners about strategic investments and even sale are continuing, and Pandora hired Centerview Partners last July to explore strategic options.

TuneCore Now Offers Musicians and Indie Labels Fast, Low Cost Royalty Advances. TuneCore launched TuneCore Direct Advance in collaboration with Lyric Financial — a new service provides U.S.-based TuneCore customers the option of quick, automated advances on their future distribution sales revenue.

U.K. Recorded Music Industry Grew By 5.1% in 2016. Mark Mulligan of MiDIA Research gives his quick take on another streaming music success, and why there may be more to the story.

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