RIAA Music Revenue Statistics 2021: 27% recorded music growth on U.S. market
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
Australian live music industry revenue declined by up to 90% in 2020
A reported published by PwC has revealed various shocking statistics regarding the landscape of the Australian music industry in 2020. The report, which is now in its 20th edition, was published as part of the consulting group's annual Entertainment and Media Outlook, which provides invaluable insights to the industry every year. The report found that the Australian music industry as whole
7 ways the internet has changed the music industry
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
License fee cost cause outrage in UK music industry
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
2021: A fresh start for the music industry?
Following a year blighted by a pandemic that threatened to destroy the very foundations of the dance music industry, there has been much debate around whether 2021 will see an improvement in the situation. Country to country, the atmosphere and level of optimism varies greatly. While some areas of the world begin vaccination, there are some who will withhold optimism
Germany rises art and culture funding up to €2.1 billion for 2021
Germany is standing out as an example of how to save the music and entertainment industry, unlike many other countries. Last week, the German parliament committee has approved the increase of its art and culture funding to 2.1 billion euros for next year. Germany is a landmark of EDM, is the home of techno, the capital of raves, an important name
UK Government confirms that recording studios can operate during lockdown
The restrictions imposed in the name of containing Covid-19 are always changing. What is allowed today may be completely forbidden tomorrow, and we must always be up-to-date. The music industry has been severely punished amid this restrictive dance, but there seems to be good news now. This time the music will not close doors. Although all activities with an audience
The electronic music industry’s most iconic melodies
Many of the world's most iconic tracks have achieved tremendous success due to the complexity and addictive quality of their melodies. Within electronic music especially, the melody is the heartbeat of any track. It can make or break the popularity of any release, and it can prove addictive enough that listeners will recognise it for years to come. While the
Eventbrite cuts 45% of company’s employees due to COVID-19 crisis
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
Spotify employees will work from home for two weeks
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
YouTube claims to have paid the music industry over $3 billion in 2019
YouTube CEO, Susan Wojcicki, took to a blog post last Friday that claims YouTube has paid the music industry over $3 billion in 2019. YouTube, which has just celebrated its 15 year birthday, has revolutionized the way the world uses the internet. With over two billion monthly users and over 500 hours of videos uploaded every minute, YouTube has become a
Music streaming services take over 80% of the U.S Market
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
Amy Thomson plans ‘Mind Your Own Business’ for Los Angeles
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
SoundCloud reduces its workforce, closes several offices
Streaming music service giant SoundCloud is reportedly terminating nearly half of their workforce and closing their offices in two major markets. The company's CEO, Alexander Ljung, touted the move as a measure to increase profitability. This startling twist of fate for the company comes amidst rumors of its impending sale, although far below the previously reported $1 billion valuation. Ljung, however,
Exclusive Interview: EDX discusses his musical history and new projects
We Rave You had the pleasure to interview EDX, the musical chameleon who has explored trance, deep house, electro house and everything in between. Maurizio Colella was born in Zurich, Switzerland and has spent an impressive 25 years in the industry as a producer and DJ. Aside from producing his own music, EDX is an in-demand remixer, contributing his talents