“The Digital Music Industry is set to double by 2015.”
Subscriptions will be the fastest growing segment, growing at a 60.8% CAGR to 2015. Via Companies and Markets
“Turntable.fm has snagged 140,000 users in its 1st month of private beta and SongKick enjoyed 100,000 downloads of its iPhone app in just 2 weeks.”
This is action. Via TechCrunch and BetaBeat
88tc88 now delivers independent music to all of China’s 950+ million mobile subscribers for a flat fee.
This is the result of the digital distributor adding China Unicom to its list of mobile outlets. Via HypeBot (press release)
Shazam hits 150 million users
Whoa. Nice stat to accompany their new $32M round. Via WSJ
Digital mixtape website 8tracks now has 2 million monthly users
Make a mix at 8tracks.com.
SoundCloud hits 5 million users...
…and get’s Ashton Kutcher’s money. Via Billboard.biz
Vinyl sales up 37% in 2011 so far…
“Believe it or not, US music sales are up in 2011.”
Driving this action are digital retailers, who received more than half of all music transactions this year, propelling a 12.4% growth in digital sales over last year. Via Nielsen Research
“Major mobile app store revenues will rise 77.7% in 2011 to $3.8 billion. Revs are projected to explode to $8.3 billion by 2014.”
Pandora hits 10 billion thumb ratings.
Also revealed:
- There are 800,000 songs in the Pandora collection
- 95% of the collection is played in any given month
- The 10th billion thumb rating was a thumbs up for Jason Derulo’s “Ridin’ Solo”
“Corporate sponsorship in music venues will improve 7.3 percent to $1.17 billion in the US this year.”
“More marketers have returned to sponsorship as the economy rebounds, which in turn has benefited the music touring business,” according to IEG researchers via Billboard.
How much of this will go to digital sponsorships within live event apps?
“By 2016, the amount of worldwide music subscribers is projected to grow 1,933% to 116 million. Today, there are 6 million.”
See why at SAI.
Rhapsody (finally) sees a profitable quarter.
And reaches break-even. 750,000 paid users and growing. CEO Jon Irwin attributes recent growth to mobile. Via SF Gate
“Worldwide recording industry revenues from online - 2006: $1.9 billion. 2011: $7.5 billion.”
Upwards. Via eMarketer.
