Liveurope, a live music promotional initiative funded in part by the European Union’s Creative Europe program, unveiled the telling projection in a detail-oriented analysis. According to this report, the average number of Liveurope-supported concerts featuring new artists dipped from 36 last season to 18 in 2020, factoring for each of the entity’s 15 member venues.
Source: Study Estimates a 47% Drop In New Artists Touring Europe
With more than a month left in 2020, this year could very well be the year in which the media sector sees a record amount of layoffs. The sector as defined by Challenger includes news (both broadcast and print), all print publications, all broadcast, television and movies, book publishing and digital media.
Source: 2020 U.S. Media Sector Layoffs on Track to Reach Record High
Recognized data science expert, statistician, and author Dr. Kobi Abayomi has joined Warner Music Group (WMG) as SVP, Data Science and Analytics. In this newly created role, he will lead analytics globally across WMG, driving valuable business insights through which the company can measure and maximize success for its artists and songwriters.
Source: Dr. Kobi Abayomi joins Warner Music Group as SVP, Data Science and Analytics
China is becoming a particularly interesting hotspot for the DIY artist market – with the territory’s two biggest streaming platform operators, Tencent Music Entertainment (TME) and NetEase Cloud Music, duking it out for supremacy. Back in July, Tencent Music revealed that it had paid 590 million yuan (over $84m) to date to indie artists using its ‘Tencent Musician’ program.
VEVA Collect is a new platform from US-based VEVA Sound, which aims to make the process of audio collaboration between parties simpler and easier to organize. Perhaps even more importantly, VEVA Collect also ensures that every songwriter, musician, producer, engineer, etc. is properly and accurately credited – and properly and accurately paid.
Source: How VEVA Collect is trying to solve a problem worth ‘millions of dollars in unpaid royalties’
Viewers are spending more time overall streaming content, and advertisers are flocking to make the switch from pay-TV. In Q3 of this year, viewing time is up 57% year over year according to Conviva’s quarterly State of Streaming report. In addition, ad demand for Q3 is up significantly from the dramatic drop Q2 suffered due to the global coronavirus pandemic.
Source: Study Shows Streaming is Up 57% Year Over Year | Cord Cutters News
Global music publishing grew to €8.96 billion ($10.04 billion) in 2019, up 8.4% from the year prior among CISAC members, the international collection society trade group announced Wednesday. But a big pandemic drop Is coming for 2020 and 2021, CISAC chair of the board Marcelo Castello Branco has warned.
New research into the effects of the French anti-piracy law Hadopi shows that its introduction failed to significantly increase box-office revenue. It did, however, cause a shift in people’s movie preferences. The interest of moviegoers in U.S. films increased, at the expense of other content, including French productions.
Source: French Three-Strikes Anti-Piracy Law Mostly Benefited American Movies * TorrentFreak
Even decades into the digital age, outdated systems and antiquated crediting procedures (email chains and pen-and-paper logs among them) continue to prevent musicians, songwriters, producers, and other contributors from properly getting recognized and paid. That goes for many musicians behind some of today’s most popular tracks, many of whom aren’t receiving their due credit and compensation.
Source: Muso.AI Is Fixing the Industry’s Credits Problem — Starting With Creators
IFPI and WIN, working together on behalf of the global recording industry, have announced that their global repertoire data exchange service (RDx), built and run for Repertoire Data Exchange Limited by PPL, is now “fully operational”. RDx provides a supply chain for performance rights data among record companies and music licensing companies (MLCs) to help improve the accuracy of revenue distribution to rights holders when their music is used.
Source: IFPI and WIN’s new data exchange service RDx now ‘fully operational’