Various projects — such as the Global Repertoire Database (GRD) and the Open Music Initiative (OMI) — have attempted over the years to create a more collaborative data culture across the business, but most have not been able to get enough buy-in from enterprise-level companies to fulfill that vision.
Data
Netflix’s Advertising Dilemma: Will Partners Get Any More Transparency?
With advertising comes the need to let advertisers know whether they’re getting their money’s worth. Which means sharing data — something that the streaming world as a whole and Netflix specifically hasn’t been keen on doing. “In the ad world … one of the requirements is some level of transparency and third-party auditing and reporting,” says Jim Lombard, CEO of connected TV ad marketplace Tetra TV. “[Netflix has] been slow to reveal that stuff.”
Source: Netflix’s Advertising Dilemma: Will Partners Get Any More Transparency?
This Is Not a Test: New Alliance Makes Music Rights Data Sharing Real
The music industry’s legacy of sloppy, archaic and indifferent data management, particularly with respect to who owns what, has proved a major liability in the age of streaming, when billions of individual transactions need to be tracked, reported and paid out on every day. But repeated efforts to improve the situation through data sharing and collaboration throughout the value chain have floundered, mostly on fears of loosing proprietary control and leverage.
The big idea: should we get rid of the scientific paper?
Although the internet has transformed the way we read it, the overall system for how we publish science remains largely unchanged. We still have scientific papers; we still send them off to peer reviewers; we still have editors who give the ultimate thumbs up or down as to whether a paper is published in their journal.
Source: The big idea: should we get rid of the scientific paper?
Nothing Concerns the Public More About the Metaverse Than the Misuse of Their Personal Data
Tech companies have been the subject of sustained criticism in recent years for lax approaches to data protection, content moderation, user safety and impacts on mental health. And their moves into the metaverse appear to be sparking many of those same fears in the public, a Morning Consult survey found, with many U.S. adults also concerned about the cost of the technology and its effects on their physical well-being.
Source: Nothing Concerns the Public More About the Metaverse Than the Misuse of Their Personal Data
ICE ICE BABY: Music copyright firm hires new CTO amid digital overhaul
Asked why ICE was making the hire and what its challenges are currently, CEO Peter de Mönnink told The Stack: “Solving the music industry’s data puzzle is vital for songwriters to secure a living from their artform. The explosion in music creation and omnipresence of digital music have rocketed the scale of the industry’s data challenge.”
Source: ICE ICE BABY: Music copyright firm hires new CTO amid digital overhaul
Spotify Paid Out $7 Billion to the Music Industry in 2021
Spotify paid $7 billion in royalties to rights holders — primarily labels and publishers, but also distributors, performing rights organizations and others — in 2021, the company announced on Thursday in its annual “Loud and Clear” report. That total is more than any other service and sets the record for the highest annual payment from any single retailer in history, according to the announcement.
Source: Spotify Paid Out $7 Billion to the Music Industry — Labels, Publishers and Others — in 2021
Bleak Future for Linear TV Has Arrived, Analyst Finds
The future in which linear TV is driven almost exclusively by live sports, news and events has arrived, according to MoffettNathanson analyst Michael Nathanson after crunching numbers from Nielsen. “Time spent on cable networks built on movies, syndicated TV and kids content has collapsed… as consumers and media companies adopted a streaming first mind-set,” said Nathanson in a report Thursday.
Source: Bleak Future for Linear TV Has Arrived, Analyst Finds
Chartmetric Introduces ‘Artist Plan’ for Direct Data Access
Chartmetric is aiming to upend music marketing by giving artists direct access to a trove of their own data with Artist Plan. Currently, Chartmetric is offering its Artist Plan tier for the artist-friendly price of $10 per month, which includes access to artist-specific data, everything in the free tier, and even competitive artist information.
Source: Chartmetric Introduces ‘Artist Plan’ for Direct Data Access
Global recorded music revenues hit $25.9bn in 2021, up 18.5% YoY
IFPI, which unveiled its new report at a press conference in London today, cites paid subscription streaming as a key driver behind the 18.5% growth, with paid subscription streaming revenues having increased by 21.9% YoY to $12.3 billion in 2021. There were 523 million users of paid subscription accounts at the end of 2021.
Source: Global recorded music revenues hit $25.9bn in 2021, up 18.5% YoY