Download sales have fallen 24% in the past year in the US market 

According to a new mid-year report from trusted market monitor BuzzAngle, US single track download sales fell by a whopping 24.2% in the first half of 2016 compared to the same period in 2015.

Total digital song sales hit 410.5m in the six months to end of June this year, compared to 541.2m in H1 2015 – a loss of more than 130m downloads.

Source: Download sales have fallen 24% in the past year in the US market – Music Business Worldwide

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TuneCore Artists Earned $42 Million Last Quarter, Up 16% 

tunecore_logoTuneCore artists earned $42 million in the first quarter of 2016, up 16% from the same quarter last year. Revenue from music streaming services like Spotify, TIDAL, Deezer and Rhaposdy has grown significantly, according to the digital music distributor.

More new TuneCore stats:

  • TuneCore artists’ earnings have grown by 730% from YouTube Art Tracks
  • Gross revenue has increased by 126% from YouTube Sound Recordings.
  • The Publishing Administration arm of TuneCore has seen a 188% increase in sync revenue.
  • Placements in popular TV shows include Empire, Grey’s Anatomy, The Goldbergs and Shameless.

Source: TuneCore Artists Earned $42 Million Last Quarter, Up 16% – hypebot

NeuLion acquires Saffron Digital 

saffron_neulion_7_June_2016NeuLion believes that the combined synergies derived from adding its experience in delivering live TV channels and live sports to the Saffron assets acquisition can transform the over-the-top (OTT) challenges faced by owners and rights holders of sports, entertainment, films and TV channels.

It adds that the combined entity can now reduce project complexities for all content rights holders of existing and new OTT services by decreasing the number of vendors involved in their projects and ‘significantly’ decrease time to market for new OTT and TV everywhere services in comparison to other technology options.

Source: NeuLion acquires Saffron Digital | OTT | News | Rapid TV News

WMG buys X5 Music as major labels double down on playlists

Yesterday’s news that Warner Music Group has bought X5 Music – with reports in Sweden suggesting the price may have been $25m – is the latest sign of major labels doubling down in their efforts to do more with playlists and streaming curation.

WMG, remember, already bought British startup Playlists.net in October 2014, and has adopted its Topsify brand as the imprint for the label group’s own playlists on Spotify.

Source: WMG buys X5 Music as major labels double down on playlists

TuneCore CEO: YouTube is not the enemy – it’s a goldmine

As the major labels’ tanks rumble towards YouTube’s lawn, TuneCore CEO Scott Ackerman claims that independently distributed artists are increasingly seeing the video channel as both a goldmine and the greatest marketing weapon in their arsenal.

“Our artists see both YouTube and the streaming channels as a way to get their music out,” he tells Music Ally. “For most of our artists, that is their number one thing – they want their music heard. It’s not about money. They want their music out worldwide so everyone can hear it.”

Source: TuneCore CEO: YouTube is not the enemy – it’s a goldmine

DistroKid Will Now Pay Everyone Who Worked On Your Song

DistroKid, one of the world’s leading digital distribution companies that gets artists and labels’ music into over 90 digital outlets (like Apple Music, Spotify, Amazon, iTunes, Google Play, Tidal, Deezer, etc) will now directly pay revenue from your releases to anyone you want.

What does this mean? Your producer gets 3% of revenue from your most recent single? Before, you would have to download your sales reports every month, calculate the totals for the designated release and write your producer a check for 3% of that. Every month. You did a YouTube collaboration with 5 other artists? Now, instead of one person having to figure out the splits and paying each collaborator directly, DistroKid will do all the accounting, reporting and payments directly to each collaborator.

Source: DistroKid Will Now Pay Everyone Who Worked On Your Song

Bandcamp Grew 35% Last Year, Monthly Transactions Top $4.3M 

Thbandcamp_logoe indie music community has embraced Bandcamp and its suite of direct to fan monetization tools. And unlike most music tech startups, Bandcamp, which launched in 2008, has been profitable “in the now-quaint revenues-exceed-expenses sense” since 2012.

Nearly 6 million fans have bought music from hundreds of thousands of artists through Bandcamp. Have of those fans are under 30, according to the company.  That’s signification at a time when consumption by younger music lovers is supposedly dominated by streaming.

Source: Bandcamp Grew 35% Last Year, Monthly Transactions Top $4.3M – hypebot