Posted by Glen Sears | November 30, 2015 10:45 am | No Comments
Story of the Week
Adele’s ’25’ Smashes Every Conceivable Sales Record
It’s official: Adele’s ’25’ album sold 3.38 million copies in its first week in the U.S., according to Nielsen Music. That’s the largest single sales week for an album since Nielsen began tracking point-of-sale music purchases in 1991, beating *NSYNC’s previous record of 2.42 million copies.
’25’ is the first album to sell more than 3 million copies in a week in Nielsen history, and only the second to surpass 2 million sold in a single frame. ’25’ sold 335 copies per minute and constituted 41% of all record sales in the week.
The album also ended the week with U.K. sales of 800,307 copies, smashing the previous record of 696,000 created by Oasis’ Be Here Now in 1997. Finally, ’25’ reached triple platinum status in Australia, topping out the ARIA Albums Chart and its lead single “Hello” leading the ARIA Singles Chart for the fifth successive week.
These sales numbers come after the notable omission of ’25’ from major streaming services like Spotify and Apple Music.
Read all the stats on Billboard: http://bit.ly/1NDXFpZ
Top News Stories
Pandora Goes Ahead and Streams Adele’s ’25’ Anyway – Thanks to the structure of U.S. online radio laws, Pandora confirmed to Entertainment Weekly that every track from Adele’e new album is available through its radio service. Read More
Judge Sides With BMG and Round Hill, Says Cox Not Absolved From User Piracy – A judge ruled on Thursday, Nov. 19 that Cox Communications is not entitled to safe harbor from copyright liability because of its failure to reasonably implement a repeat-infringer policy with regards to piracy. Read More
RIAA CTO David Hughes Responds To Hi-Res Music “Confusion” – “I understand there might be some confusion about exactly what constitutes ‘high resolution music.'” Read More
Guvera Raises $72.2m and Plans IPO – But Lost $58.6m Last Fiscal Year – Austrailian digital music firm Guvera startled the industry by announcing a $72.2 million funding round, yet the company’s latest financial results reveal that it lost $58.6m in its last financial year. Read More
Pandora Financials Reveal $1bn+ Investment Since 2009 – Analysis by Music Ally reveals that since the start of 2009, Pandora has also spent $183.9m on product development costs, $959.1m on sales and marketing, and $1.7bn on content acquisition costs. Read More
Foo Fighters Release New EP For Free – The new EP is called ‘Saint Cecilia’ with the band using the release to pay tribute to the victims of the attacks in Paris earlier this month. Read More
Barack Obama To Sing On Coldplay’s Next Album – “We have a tiny clip of the president singing ‘Amazing Grace’,” front man Chris Martin told the British tabloid The Sun. A person close to the band said they received “permission from Obama himself and the Charleston church it was recorded in.” Read More
Major Labels Won’t Get Higher Royalty Rates in Webcasting IV – The possibility that different types of labels could be paid different royalties was put to rest by the Register of Copyrights regarding Webcasting IV, the rate-setting procedure that will establish the royalties non-interactive webcasters like Pandora must pay record labels and artists from 2016 to 2020. Read More
Speaking of royalties, are you curious when various PROs will deliver royalties? Here’s a list of every PRO’s pay-out dates.
Posted by Glen Sears | November 2, 2015 1:15 pm | No Comments
Story of the Week
That Study on Spotify Everyone’s Talking About? It’s Wrong, and That’s Not Even the Point
The working paper — a collaboration between the National Bureau of Economic Research and the Institute for Prospective Technological Studies (a division of the Europen Commission’s Joint Research Center — was written by Luis Aguiar (of IPTS) and Joel Waldfogel (of the NBER and the University of Minnesota), received a great amount of attention after an article appeared on Slate on October 30. (Because it’s a working paper, it has not been peer reviewed and hasn’t been published.) It searches for a relationship between streaming and music industry revenues by examining Spotify streams, music piracy and music sales across multiple countries.
The study was unable to differentiate between Spotify’s free and premium tiers. It’s possible free streams affect track sales differently than streams by subscribers. What’s more, it’s possible — as some labels allege — that Spotify’s unlimited free tier, supported by advertisements and meant to encourage listeners to upgrade to the premium service, discourage listeners from becoming subscribers. (Spotify would undoubtedly argue differently.)
“In other words, we don’t know which portion of any lost revenue in the sales market could be attributed to Spotify, exclusively,” Touve writes. “And yet, the… paper essentially treats the situation as if the entirety of any decrease in unit sales can be explained by adoption of Spotify alone.”
Read more on Billboard: http://bit.ly/1P6uZ8U
Other Top News
Deezer Abandons IPO Plans – Apple Music’s damage to Pandora contributed to Deezer’s decision Tuesday to pull its initial public stock offering. Read More
YouTube Red Is Now Live! – Creators To Be Paid During Free Trials – Google’s YouTube launched its paid video and music subscription service today. YouTube Red ad free $9.99 per month subscriptions extend across devices and platforms. Read More
Apple Music By The Numbers [Mark Mulligan] – Apple CEO Tim Cook recently announced that Apple Music has 6.5 millions paid subscribers. While a promising figure on its face, it seems unlikely that all these listeners will continue paying past the first month. This article breaks down Apple Music’s most recent statistics, offering us some idea of where the streaming service is headed financially. Read More
European Parliament Rejects Net Neutrality Protections – Proponents of net neutrality suffered a major setback Tuesday when European politicians voted against enshrining in law the concept of treating all online data equally. Read More
SXSW Responds to Panel Cancellation Backlash, Announces Day-Long Summit – “By canceling two sessions we sent an unintended message that SXSW not only tolerates online harassment but condones it, and for that we are truly sorry. While we made the decision in the interest of safety for all of our attendees, canceling sessions was not an appropriate response… It is clear that online harassment is a problem that requires more than two panel discussions to address. To that end, we’ve added a day-long summit to examine this topic.” Read More
Could Adele Be The Last Hurrah Of The Album Era? – As the listening public waits with bated breath for the release of Adele’s upcoming album ’25,’ the question is being raised as to how much longer even superstar artists like Adele can expect to achieve blockbuster success when it comes to selling their albums. Read More
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