Linkage – Music Industry Bounceback? Sony Streaming Over $1b; Indies Seeing Big $$

Three stories from the label side that, based on the headlines, appear to be cause for optimism. Sony has already surpassed $1 billion in streaming revenue this year, and Indie labels have pulled in $6 billion in revenue — more than $1.2 of that from deals with majors…

By Paul Marszalek
TheTop22.com

Digital Music News bannerContinuing the string of positive stories about streaming subscriber and revenue growth comes news from Sony that, with three months to go in the year, the company has seen its streaming revenue cross the $1 billion mark. Downloads and physical continue to slide. And yes, there are plenty of stories of artists getting the shaft and the rates that Spotify’s subscribers pay are substantially lower than the advertised $9.99, but let’s just try to stay positive for a moment.  See the great reporting in Digital Music News

billboard-logo2When we talk about the label side, we generally talk about the Big 3. But if we aggregate the Indies, they collectively make a hell of a Big 4th. With some 38% of the market in terms of rights ownership, Indie labels pulled in $6 billion in revenue last year. Read it in Billboard.

Music Business Worldwide logoRelated to the above, and the point about rights ownership, it begs the question of how much of the Indie revenue comes from associations with Majors. That number, according the Worldwide Independent Network (WIN), is $1.2 billion – suggesting that those deals make for a win-win. See the full story in Music Business Worldwide.

Filed Under: Actual NewsFeaturedLinkageNewsRadio and Records

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