Marketplace

While 2021 saw an 18.5% growth, largely due to an increase in streaming numbers as the world waited at home for the pandemic to lift, a growth in global streaming numbers powered the past year’s lift, which showed total trade revenues for year at $26.2 billion. Subscription audio streaming revenues increased by 10.3% to $12.7 billion, and there were 589 million users of paid subscription accounts at the end of 2022, according to the report.

Source: Global Music Revenue Growth Slowed in 2022, But Still Rose 9% to $26.2 Billion

Blockbuster, once the number one place to get a movie to watch, is now done to just one location that just won’t die. Now it seems like DISH may be up to something with Blockbuster once again. Recently DISH, the parent company behind Blockbuster, updated the Blockbuster website with a new message that just says “we are working on rewinding your movie.”

Source: Blockbuster’s Website is Returning From The Dead | Cord Cutters News

The drop in NFT trading volumes from $74 million to $36 million, as reported by DappRadar, shows how much the market was affected by the bank’s collapse. This decline in trading volume was accompanied by a 27.9% drop in daily NFT sales count between March 9 and March 11. The decrease in NFT trading volumes and sales counts is a cause for concern, as it indicates a lack of confidence in the market.

Source: NFT Trading Volumes Plunge After Silicon Valley Bank Collapse

Following a spectacular year of growth in 2021, global recorded music revenue growth slowed significantly in 2022 due to the combined impact of global economic headwinds and growth slowdown in mature streaming markets. Context, though, is everything – not many industries can deliver solid growth while the global economy is in turmoil, ad markets are falling and many emerging tech sectors are in crisis.

Source: Recorded music market 2022 | Reality bites

Meta’s workforce ballooned in recent years as the Facebook parent company signaled its ambitions for the metaverse—but recent moves suggest that it is feeling the sting of changing tech trends and rough market conditions. The company today announced another round of layoffs, one day after saying that it was “winding down” support for NFTs.

Source: Meta Cuts 10,000 More Workers After Scrapping NFT Plans—Is the Metaverse Still On? – Decrypt

Disney CEO Bob Iger told investors Thursday the studio may resume making films and television shows for its rivals, marking a departure from recent years, when its production resources were harnessed to launch and grow its marquee Disney+ steaming service. Iger said streaming services have traditionally relied on a volume of fresh content to attract subscribers. He said he hopes to embrace a more curated HBO-like approach of making a few high-quality shows built around its major brands.

Source: Disney reconsiders making content for others under Bob Iger

Social music streaming startup Stationhead announced today that it’s launching a new live commerce tool that allows select artists and hosts to sell digital tracks to fans during livestreaming parties on their stations. The startup says artists including BlackPink, Niall Horan, TXT and 5 Seconds of Summer have already used the feature during live release parties on the platform.

Source: Social music streaming startup Stationhead launches new live commerce tool

The Federal Trade Commission should use its authority to investigate the industry’s streaming practices, urges the white paper by the consumer advocacy nonprofit Public Knowledge. Titled “Streaming in the Dark,” the study’s suggested areas of focus for the FTC’s investigation include industry consolidation and the potential unwinding of past mergers, how non-cash compensation or “payola” provided by streaming companies like Spotify affects artist payments.

Source: FTC Should Investigate Music Streaming Deals, Study Urges

While he did not call out Spotify by name, Warner Music CEO said all streaming services that have not raised subscription prices should do so. “I do think that music is undervalued, and I think it’s underappreciated in the markets,” he said. “This is not my opinion: If you take the U.S., the price that the user pays per hour of consumption of music is half of what they pay for movies and TV shows on streaming services.

Source: Without Naming Spotify, Warner Music CEO Calls for Streaming Services to Raise Prices

A recording contract continues to be a divine blessing that labels choose to bestow upon artists they consider a lucrative financial investment. Traditional labels also remain painstakingly cautious about offering a deal — and all the resources that come with it. Now, A-Grade Music, a division of HiLife Music Group. is handing the strings of artist success to artists themselves.

Source: How Artists Are ‘Purchasing’ Record Deals Before They Get Signed