Music Industry News

PRS for Music Reports a 20% Downturn In 2020 – Issues ‘Warning of Difficulties to Come’

Photo Credit: Roger Harris British performance rights organization PRS for Music reported a nearly 20% downturn in collections. It’s not all bad news, though, as the society saw record payouts of £699.4m ($973.5m) to songwriters, composers, and music publishers. However, collections on behalf of its members fell 19.7% to £650.5m ($905.4m). That’s mostly attributed to […]

Music Industry News

Songwriters Royalties Are Drastically Short-Changed, Says New Report

Photo Credit: Sam Moqadam The streaming music economy massively favors recorded music rights holders over publishers. A new report highlights just how imbalanced this revenue structure is for songwriters. Called “Rebalancing the Song Economy,” this 35-page report by industry analysts Mark Mulligan and Keith Jopling paints a stark picture. It proposes some solutions to how […]

Music Industry News

Subscription Fatigue Report 2021 – Average Household has 9 Subscriptions

Photo Credit: Andrew Neel The average US household has nine paid subscriptions spread across videos, music, and gaming. A new report by accounting and consulting firm Deloitte looks at the subscription habits of Americans. The average subscriber has four paid video streaming services, two paid music services, and three paid gaming services. For Gen Z […]

Music Industry News

Study Suggests Music Recommendation Algorithms Suck for Fans of Non-Mainstream Music

Photo Credit: Volume Control According to a new report, music recommendation algorithms are best for mainstream music. A team of researchers analyzed the accuracy of algorithm-generated music recommendations for listeners of mainstream and non-mainstream music. The data set they analyzed contained the listening histories of 4,148 users who used Last.fm to track their listening habits. […]

Music Industry News

Apple Podcasts Latest Update Adopts ‘Follow’ vs. ‘Subscribe’ – Here’s Why

Photo Credit: 9to5Mac The Apple Podcasts app is changing how users interact with podcasts. Subscribe is now follow – here’s why. With the latest iOS 14.5 update, Apple changed the terminology in the Apple Podcasts app. It’s a small change, but it’s an important one. Users now ‘follow’ podcasts on the app instead of subscribing […]

Music Industry News

‘The Miseducation of Lauryn Hill’ Reaches Diamond Status — 10 Million Albums Sold

Photo Credit: Lauryn Hill The Miseducation of Lauryn Hill album has attained diamond certification, confirms the RIAA. The sales milestone marks 10 million in sales for Lauryn Hill’s debut solo album, 23 years after release. The Recording Industry Association of America (RIAA) tweeted to announce the achievement earlier this week. Lauryn Hill joins an elite […]