Despite gloomy reports coming from the state of the economy this year there's been quite interesting news all positive and complementary. Here are recent highlights reported by the RIAA :
• riaa reported their 2012 year-end sales and shipment numbers, including the increasing importance of streaming music – so-called “access models” which now total $1 billion in revenues
• new data from NPD finding that “subscription-based and free
- Internet radio services accounted for nearly one quarter (23 percent) of the average weekly music listening time among consumers between the ages of 13 and 35, an increase from a share of 17 percent the previous year”
- booming car sales so far in 2013, which, as Billboard observed, portend further positive news for music business:
First, better integration between app and auto will mean more subscribers
to services like Spotify, which allow smartphone owners to take music into
the vehicle via cached files. Second, more listening to Internet radio over
broadcast radio means more money. Whereas broadcast radio lacks a
performance right, digital services have a performance right that results in
royalties paid for Internet radio listening.
Jonathan Lamy, EVP, Communications, RIAA said, that this is a positive virtuous
cycle, with each set of data points and facts further validating each other and the
underlying proposition.
RIAA year-end 2012 numbers showed substantial growth in these access models.
NPD 2012 data showed more usage of and time spent with these types of services.
And a booming car industry is leveraging fans’ appetite for these services and the
popularity of music generally to offer more value to would-be customers.
This year auto show, one companies touted music app integration as one of their
key selling points.
All these developments are interrelated, and all suggest a streaming music market
that will only further expand in importance and reach.
Visit Us: www.quinnrecords.net
Mobile App: Download It Here
Follow Us: Facebook
Source: ifpi,riaa,npd
No comments:
Post a Comment