CISAC, the International Confederation of Societies of Authors and Composers, has centralized the assignment and administration of International Standard Musical Work Codes (ISWC). Previously, those codes, which already have been assigned to 52 million song compositions, had been handled by a network of 54 registration agencies in 79 countries.
Data
Bandcamp’s monthly sales are up by 122% year-on-year
In the past year, fans have bought 5m digital albums, 2m tracks, 1m vinyl albums, 600k CDs, 300k cassettes and 250k t-shirts from Bandcamp for example – yes, there’s clearly some rounding of figures going on there – with more than 40% of buyers paying more than the asking price of items.
Source: Bandcamp’s monthly sales are up by 122% year-on-year
Music streaming revenues on course to grow by over $1bn in the US in 2020, despite everything
US recorded music body RIAA has revealed in a new report that total recorded music retail revenues in the US for the first six months of this year increased 5.6% to $5.65bn. On a wholesale basis (i.e. the money working its way back to to record labels and artists) H1 revenues grew 5.1% to $3.7bn.
Source: Music streaming revenues on course to grow by over $1bn in the US in 2020, despite everything
Artist Analytics: New Frontier For The Music Industry
The complexity and intrinsic value of artist data create a new frontier for all levels of music companies. The quality of analytical insights combined with innovative concepts for the presentation and interpretation of data are central components of developing a competitive advantage for labels, distributors, and platforms in the quest to attract artists.
Source: Artist Analytics: New Frontier For The Music Industry – Hypebot
U.S. Music Revenue Reached $11 Billion in 2019, But It’s Still Not at Its Peak
The Digital Music Association (DiMA) — a trade body whose membership comprises Amazon, Apple, Pandora, Spotify, and YouTube — released a highly optimistic annual report on Thursday that forecasts strong continued growth in the U.S. music market, despite COVID-19’s derailment of most entertainment sectors in 2020.
Source: U.S. Music Revenue Reached $11 Billion in 2019, But It’s Still Not at Its Peak
TikTok claims nearly a third of Americans use the platform—but some observers are skeptical
The video sharing app TikTok arrived in the U.S. only two years ago, but has already become one of the most popular social platforms in the country. According to figures shared by the company this week, more than 100 million Americans use TikTok every month—nearly a third of the population.
Source: TikTok claims nearly a third of Americans use the platform—but some observers are skeptical
Twitch viewership dipped this month, unless you’re looking beyond games
Overall Twitch viewership shrank slightly in July, and streams of top games like League of Legends and Fortnite fell with it. But in other corners of Twitch, viewership is still growing: the platform’s “Just Chatting” category saw millions more hours watched, and there were increases in Twitch’s “Creative” and “Music & Performing Arts” categories, too.
Source: Twitch viewership dipped this month, unless you’re looking beyond games
Why Warner Music Group just paid $85m for a company that makes Instagram memes
A big reason for WMG’s buyout of IMGN (and for its buyout of UPROXX two years ago) is about data watching, and better understanding the habits and predilections of teenage audiences. According to IMGN’s website, the firm’s channels currently share over 40 million subscribers / followers, and are viewed more than 3 billion times every month.
Source: Why Warner Music Group just paid $85m for a company that makes Instagram memes
RIAA Says SoundExchange Is Authoritative Source for ISRC Data in the U.S.
SoundExchange has been designated by the Recording Industry Association of America as the authoritative source for International Standard Recording Code (ISRC) data in the United States. Since 2016, SoundExchange has operated an online tool for looking up ISRCs — the global standard for identifying sound recordings, and the RIAA cited the firm’s work for endorsing it as the industry standard.
Source: RIAA Says SoundExchange Is Authoritative Source for ISRC Data in the U.S.
Hulu Study IDs 4 Types of Streaming Consumers
The Disney-run platform is doing a wide-ranging study on the behavior of streaming users. More than 90 percent of people ages 13-54 use at least one streaming service, a study from Hulu finds — but they don’t use those services in any single way.