Music Ally’s mission is to help the music industry understand the power of digital trends and tools to build sustainable careers across the globe. A knowledge and skills company, publishing its well-respected reports since 2002, Music Ally’s training resides at the intersection of music and technology. Through thought-leading conference events, as well as hands-on work with global artists, the company maintains a unique handle on the latest best practices and most effective strategies to build and monetise successfully in the modern global music business.
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The IFPI have launched their 2025 Global Music Report — their data-driven report into how the recorded music market looks in 2025. If you don't have time to flick through the whole report, we've compiled five key things you need to know ⬇️ Read our full analysis here: https://lnkd.in/gg_7MxMk
The Recording Industry Association of America® (RIAA) have just published their 2024 year-end revenue report. Here's a handy breakdown of what was revealed about the US music industry... 💿 The US music industry reached 100m paid streaming subscriptions, up from 96.8m in 2023. 💿 Paid subscriptions now generate two-thirds of US industry revenues 💿 Revenue is growing but slowing. Total US streaming revenue grew by 3.6% to $14.88bn. This sharp slowdown from its 8.1% growth in 2023. 💿 Similarly, paid subscription revenue increased by 5.3% to $10.69bn — that's half the 10.6% growth seen in 2023. 💿 Ad-supported streaming has taken a sharp downturn. On-demand ad- streaming revenue fell by 1.8% to $1.83bn, while other ad-supported streaming services declined by 3.5% to $306.5m. 💿 Vinyl sales increased by 6.9% to $1.44bn, marking 18 consecutive years of growth. This report raises some big questions around whether the slowdown in subscription revenue is inevitable in mature markets, or whether it can be accelerated again — and whether 'high potential' global markets can make up for the slowdown in established territories. Tomorrow's IFPI 2024 global music report should shed some light on this... Read our full analysis here: https://lnkd.in/er9C6kTT
Kick your week off the right way with a rundown of all the music industry stories you need to know. Music Ally subscribers receive our flagship bulletin email in their inbox every weekday morning. It's the how, why and what's next of the music industry. Find out more here: https://lnkd.in/dDkz_qRV
As part of a consultation into Trump's 'AI Action Plan', OpenAI and Google have offered their views on AI and copyright in the US – and perhaps unsurprisingly, those views aren’t exactly on the same page as the music industry’s opinions on how AI training should be regulated... Now more than ever, it seems that the music industry’s next big challenge will be to persuade the likes of Vance and Trump that the creative risks taken by musical innovators are as worthy of protection as those taken by AI companies. Read our take on the consultation here: https://lnkd.in/egfr9vQu
📢 Calling all Music Ally readers! We're planning upcoming issues of Sandbox (our music marketing publication) and we'd love to hear from you. Just vote below on the topic you'd find the most useful or interesting — or feel free to suggest your own idea in the comments!
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Spotify — along with other DSPs — have often been credited with 'saving' the music industry from the existential threat of piracy. In her latest book, Liz Pelly (a music journalist and long-standing streaming critic) argues that where Spotify gives with one hand, it is frantically taking away with its other — and that streaming has become a moral and ethical conundrum that consumers should be more attuned to. Eamonn Forde spoke to Liz about how she believes streaming is growing in inequality, where she thinks it underestimates listeners, and how alternative models to the dominant DSPs can still be built. Liz Pelly's 'Mood Machine: The Rise of Spotify & The Costs Of The Perfect Playlist' is published in the UK today. Read our full interview here: https://lnkd.in/exCcsc78
Spotify have just rolled out their latest Loud & Clear report, which offers an annual ‘music economics’ snapshot of key trends and stats across the streaming service. If you don’t have time to read the whole thing, we’ve rounded up some key takeaways 📈 Read Stuart Dredge’s full analysis here: https://lnkd.in/eE-4ab4t
Welcome to the latest edition of Music Ally’s free LinkedIn newsletter, A Little Knowledge. This week: YouTube now has 125m Music and Premium subscribers; Interview Frenzy: we speak to the movers, shakers and decision-makers; and a few little extras… #linkedinnewsletter #musicindustry
Spotify has come under fire for hosting courses by by manosphere influencer Andrew Tate. The courses (published as podcasts) date back from 2023, and "actively teach men how to manipulate, control, and profit from the exploitation of women" according to Renee Chopping, a trauma counsellor who has launched a campaign against the platform. Tate has had multiple allegations of rape, sex trafficking and abuse made against him. While Spotify has now removed some of the most egregious examples from their platform, the bulk of them remain. As Stuart Dredge points out, its likely that this decision stems from their own content policies, which indicate that they do not remove content for 'off-platform' behaviour — a change which was made back in 2018, in response to public outcry that black artists were being disproportionately de-playlisted by Spotify's hateful conduct policies. This story perhaps indicates the issues in a one-size-fits-all content moderation policies, and serves as a warning to music services that have expanded into speech audio, at this particularly charged time in culture. Read the full story here: https://lnkd.in/ecvGnxak