music industry Tag

In a recently published report by RIAA (Recording Industry Association of America), Vinyl records outsold CD’s in the United States in 2022.  Steadily climbing back to prominence, Vinyl has seen year after year growth for the past 16 years consecutively.  Consumers of music continue to show their admiration for superior audio quality over convenience and portability. This reversal in physical music sale dominance

New data from the RIAA mid-year 2021 music industry revenue statistics showed that the U.S recorded music industry revenues grew 27% compared to 2020. The report from the Recording Industry Association of America (RIAA) indicates that listeners value and engage with recorded music: Revenues rose from $5.6 to $7.1 billion at retail value. Streaming accounted for 84% of the revenues generated in

Since the advent of the internet in the early 1990s, the music industry has changed dramatically. It has changed the way we consume music, the way artists get paid, and even the way music is made. This article will explore the seven ways that the internet has changed the music industry.   Online streaming Online streaming is one of the most significant changes

Performing Rights Society (PRS) instituted a new license fee for small-scale live-streamed performances. It met with lots of frustration from artists as it’s a huge burden for those who only get less than £500 from virtual events. It’s common for artists to go with paid-entry live-stream shows in this difficult time. The COVID-19 pandemic means they will not have a huge

The current pandemic situation caused by COVID-19 is affecting several sectors of the economy, mainly, events associated with the music industry. Unfortunately, festivals are being canceled or postponed increasing the risk of not happening the 2020 festival season. Also, some related companies have started to feel the impact of this situation too. This week Eventbrite a US-based event management and

Since the outbreak of the coronavirus, economists all over the world are working hard to find new ways for the people to carry on with their jobs without risking their health. The two-week work from home policy has been globally accepted by many firms, including Sony Pictures Entertainment. Unsurprisingly, the international music streaming platform Spotify has also enforced this two-week

Remember those days when CD-ROM's and even .mp3s were the source to listeners favorite music. Well those days have rapidly changed as streaming services such as Apple Music and Spotify are unsurprisingly dominating the U.S market. With the Recording Industry Association of America (RIAA) being fully transparent to their audience as they release statistics to end off 2019. They have

The electronic dance music business is a multi-billion dollar industry that remains a desirable network for many people to pursue a career in. While some dream of being the scenes next biggest music producer, others choose the direction of working in management, branding and production. Though it would seem routes into the business are vast and perhaps somewhat elusive, one music-minded genius is

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