future of music streaming

In Africa, 660 million people will be equipped with smartphones by 2020 representing half a billion Internet connections. How the future of music streaming will look like? “Labels’ mission is to provide the best services to artists, and streamers’ mission is to provide the best service to consumers, so when streamers get close to artists, it’s to leverage them as marketing tools to get closer to consumers.” – Marie-Anne Robert, Global Head of Artist Development, Believe Digital (France). The first Midem Streaming Summit examines a sector expected to grow to $37bn by 2030, Interview with Andy Gensler about Livestream and Virtual Live Experience, Interview with Marisol Segal about Livestream and Virtual Live Experience, 4 Things You Need To Know About Today’s Film and TV Music, Cara Sukses Berbisnis dari Tempat Asal Muasal Google, Apple dan Facebook – SONPOST, Cerita Inspirasi Bisnis, investasi dan Gaya Hidup. ***Open me, DAWg*** $upport the Channel https://venustheory.com/samplesHey internet! Pingback: What does the future hold for music streaming? And/or read it below : Discover more Music Industry Trends at Midem! China. The streaming industry is fragmented: while some markets, like Scandinavian countries … Officially launched in 2007, RouteNote began as a digital music distribution platform for independent artists and labels to … user experience. Back in late December 2015, Mat Dryhurst tipped us off to some of the exciting futures for music streaming. Smart speakers and connected devices will allow high consumer engagement beyond the screen, and advanced technologies will allow further social functionality at scale within music platforms. “I think it does, but that maybe has to do with the fact that music is now everywhere,” said Jenniskens. Africa is no different, although we face some challenges. xiami music ... Another insightful observation that Siew makes is that Xiami Music – as with other Chinese streaming apps – has a white background to … “I see the artist community wanting desperately to create this fandom and this intimacy with fans… So if the DSPs could find a way to be more social, and foster those connections.” – Bill Patrizio, President & CEO, Rhapsody International/Napster (USA). The online event’s ‘Future of Streaming Post-Covid’ strand began with some views from Chaz Jenkins, chief commercial officer at Chartmetric. When in truth, the system today is not built to support our choices and the artists we enjoy. It’s like the ketchup stuck in the bottle; why … By Jamie Carter 26 July 2014. Streaming platforms have revolutionized the music industry and the way consumers discover and listen to music. Alibaba. Music News. Whether it is video, music or gaming, the frequency with which we use these services is rapidly growing. The global music streaming market has revolutionized the industry the last decade, but platforms are now facing some challenges. Page 1 of 2: Page 1 Page 1 Page 2 The manner in which we listen to music is changing at a lightning fast pace. In 2018 alone, streaming contributed over $3.4 billion to the music industry with streaming profits accounted for over 75% of … music UX. If streaming is the dominant consumption form for music in the future, is listening becoming even more of a ‘lean-back’ experience, asked Potts? During my keynote, I shared my perspective on Rhapsody International-Napster — where the company is today, looked back at an amazing journey and offered a vision of where the company is headed for the future.”. 42 Revenue Streams. What’s next for Spotify? A Complete Classification of Music Streaming Services . Futurist Keynote Speaker: Posts, Slides, Videos - For these companies, they can leverage their success in the digital content distribution market to branch into the music business, relying on their own platforms as marketing tools, especially as terrestrial radio play has become less important in marketing an artist. With UCPS we can change how music history is written. This could be everything from interviews to videos which will create a richer consumer experience.”. Revenue Streams: Existing, Expanded and New. This quote is excerpted from Midem 2019 “Paid Subscribers War: the New Business Opportunities” conference. Now what’s next? Over the next eighteen months, these voice-enabled smart assistants will be even better music curators, providing highly personalized music experiences driven by input factors such as mood, weather, traffic and, your heartrate! The need for context. Is this the start of the internet of things? Beyond Streaming: The Future of Music Monetization in the Digital Age #1. Madeleine Amos in. “The digital music services we have today are amazing resources but have historically lacked depth and context around the songs,” Downton said. The main challenge will be to find a model that will equally benefit all stakeholders.”, Thabiet Allie, CCO, music, at Tencent, South Africa, sees great opportunities on the continent in the long term: “Globally the music industry has seen great results from changes in consumer behaviour as a result of streaming services. A fair future. It is based on the user habits, mood and history. Thanks to the exploding popularity of streaming platforms, the music industry has experienced a ‘revival.’ All three major labels – Sony Music, Warner, and Universal – now post billions each year in digital revenue. Streaming is the fastest growing segment of music consumption. Live music streaming trends and concert will go to the next level with enhanced 5G speeds and low latency. These include factors like the high cost of mobile data, smartphone penetration and copyright protection.”. It’s like the ketchup stuck in the bottle; why can’t we get it out? This panel of experts discusses the ‘possibilities’, more specifically to understand how AI will help make our personal sound-scapes more satisfying. Figure 1: A person streaming music on their cell phone. ... What the Future of Streaming Means for Artists - … Subscribe; ... online news, streaming, and digital video firsthand. With China becoming the 10th largest recorded music market globally, Chinese music licensing pioneer Mathew Daniel, VP of International at NetEase Cloud Music, the country’s fastest growing music service, has launched the first legal independent music store in China 10 years ago, and paved the way for many international artists to legally distribute their music in China. Source: Rawpixel. “If we’re to use one word to describe what we’ve seen happen in the marketplace this year, it would probably be ‘volatile’,” he said, adding that a number of trends that had been happening slowly suddenly went into overdrive during the pandemic. https://insights.midem.com/music-business/future-streaming-2 It has been just over four years since Amazon’s Alexa spoke and understood its first words, allowing us to turn on lights, settle sports arguments and, most importantly, play our favorite tunes on command via smart speakers. TikTok. - RouteNote Blog. Music Streaming Needs a New Future by Mark Mulligan 12 Jun 2020 Share this article. Now that the technology have matured, our music requests have become more refined than ever. How the financial aspect of the music industry will increasingly detach from the artistic side (and … This quote is excerpted from Midem 2019 “Are Streamers the Future Labels” conference. But the industry could do better.” – Mathew Daniel, VP International, NetEase Cloud Music (China). They also dig into recent music industry trends and what they mean for the future of Spotify and other streaming players. “Technology will have major influence on the evolution of music streaming, with smarter phones, smarter car dashboards, and the maturing of smart speakers,” he said. Listen To Your Favourite Songs in HD. According to Pete Downton, deputy CEO of European digital music and radio services platform 7digital, we are approaching an inflection point for music and the pace of change will be much faster than the music and radio industries are currently prepared for. However, that's an inevitable future of the streaming industry — the question is just how and when the various local markets will reach that mature state. What technologies and trends are driving the future of media and entertainment? Tags: Article; ... Future of Music Coalition. Streaming now accounts for 80% of U.S. recorded music revenues. Future of the Music Industry - life beyond COVID, live events, copyright protection using blockchain - NFTs (Non-Fungible Tokens), next generation streaming. Tencent music. Music industry trends, VR, AR, and hologram shows, such as we’ve seen for Roy Orbison, could reach much wider audiences with 5G while allowing for further innovations in the delivery of data-rich content in the context of live concerts and other high-tech experiences to our pe I’m not even sure who to pay sometimes […] we do work with a number of publishers to ensure artists get paid. How streaming is changing music? Exciting announcements and partnerships will be revealed at Spotify Stream On, with special guests. Napster came on the scene roughly 20 years ago and revolutionize the music business. tencent. We are already profitable in a number of our key markets, but continue to invest in growth through marketing, new content genres, original content and by developing our editorial capabilities.”. In the fifth episode of The Future of Music season 2, Dani Deahl visits pop star Charli XCX to talk about why she releases so many singles and how streaming has changed the way she writes music. “The accessibility to music on the go, in the car and at home will become ever easier, and more engaging. Some recent reports attributes the growth of streaming subscriptions to competition and the availa-bility of family plans. Studies show that a billion people will have access to wi-fi in airplanes by the end of this year. But streaming is still only one business model, and a business model that in many ways is so constraining, that we really only have one set of experiences in the market.” – Mark Mulligan, Managing Director & Analyst, MIDiA Research (UK). This and more in the Midem 2018 News Magazine : Download it in full at the top right of the page → It starts with everyone in the industry supporting UCPS : streaming platforms, labels, providers, artists, listeners. This quote is excerpted from Midem 2019 “Beyond Smart Speakers: the Future of Voice Technology” conference. - RouteNote Blog. “Listeners have consistently increased their consumption and are increasing the breadth of music they enjoy, discovering new genres and artists based on AI and smart algorithms that personalise their experience and drive satisfaction. I believe streaming services will add more content beyond songs. Discover the 5 biggest challenges for the future of music streaming! Artist Revenue Stream Research Project. music formats. In case of an unsatisfied answer to your request, you may raise a complaint before the French National Data Protection Authority (Commission Nationale Informatique et Libertés or CNIL) www.cnil.fr. “What we have witnessed is truly remarkable,” Patrizio said. In our segment “What comes after Soundcloud?New futures in music streaming”, the futurist and digital innovator discussed radical new streaming possibilities that use the blockchain technology that lies at the heart of … Stream dream: the future of music streaming services revealed. In accordance with Article "Privacy and Data Policy" of the Rules and the Organiser's Privacy Policy, as well as California Consumer Privacy Act Notice, this data is processed by Reed Expositions France (52 Quai Dion Bouton 92800 Puteaux, France, registered with the Nanterre Companies Registry under n°410 219 364), for the purposes of (i) carrying out its contractual obligations: fulfilling request for information or content, registration, Online Database, or for (ii) newsletter, promotional communication or promotional analysis. […] It’s only created that many more opportunities for confusion. A recurring theme of the streaming inquiry is that artists these days have “more options than ever”. In 2019, streaming accounted for 56% – USD 11.1 out of 20.8 billion total – of the total recorded music market worldwide. In the days of record stores people searched alphabetically. For Alexander Holland, chief content and product officer at France’s Deezer, investment is still key. future of music streaming. We all talk about supporting artists, valuing their craft, fair pay. No waiting or remembering or spending additional money,” he said. In addition, as more people purchase smart speakers, consumers now accept streaming subscriptions as the new music norm. Such data (i) is stored for a maximum duration of 3 years or 10 years if your personal data are used in the framework of a contract with the Organiser. RouteNote. The core product of the streaming market is unlimited, seamless access to all music in the world. February 17, 2021 February 17, 2021. 2217 14th Street NW, … What’s popular and what’s new? Now, with streaming music growing in developing countries, one firm now predicts the total number of people paying for services will grow at a skyrocketing rate. At a time when it is often said that content is king, content distributors such as YouTube, Google and Apple are well-positioned to provide artists with the advances and marketing budgets labels are famous for, while also having the technical capabilities to provide digital distribution that labels lack. This quote is excerpted from  Mathew Daniel’s keynote at Midem 2019. I would also hope to see improvements in YouTube’s returns to licence holders. End the Royalties Battle. The only way to know for sure is to ask the future — so we did. In the download world it was about genre. A glimpse into the future of music streaming on the Note II. “To achieve a better focus on publishing rights payouts we will need better metadata alignment between compositions and recordings. What are the main music streaming trends? “Search has changed. The advent of streaming has changed our relationship to music, but where is it taking us? Spotify will continue to enhance their video offerings and I would expect to see new metadata requirements around voice-recognition technology.’ Rami Zeidan, vice-president, partnerships, at Anghami, a leading music streaming company in the MENA region, agreed with 7digital’s Downton. Scott Cohen, founder and vice-president, international, at distribution company The Orchard, sees parallels with the early web: “Streaming music has changed consumption in the way that Google changed the web. Tune in to their global Stream On event to find out. “Smart speakers and voice recognition are helping to bring digital music to the mainstream, lean-back listener in their homes, while the continued convergence of radio and streaming puts curation skills and discovery at the heart. But after years of contraction, the music market started growing again in 2015, due to the success of platforms such as Spotify or Apple Music. But, when it comes to streaming distribution and payment, to date every option for new acts has looked pretty similar. “Following Spotify’s free-tier changes I can see bundle pricing and pricing structures altering in the coming years,” he said. There’s something like 40 bands called Exile, so how do I know which is the right one?” – Scott Ryan, VP of Music, Gracenote (USA). In this context Midem held the inaugural Streaming Summit and a keynote by Bill Patrizio, president and CEO, Rhapsody International-Napster. AUGMENTED REALITY:. Many of them will remember their college getting access to Facebook for the first time, the death of Napster, and the funny sounds their 28.8k modem made as it struggled to successfully … In accordance with Article "Privacy and Data Policy" of the Rules and the Organiser's Privacy Policy, as well as California Consumer Privacy Act Notice, this data is processed by Reed Expositions France (52 Quai Dion Bouton 92800 Puteaux, France, registered with the Nanterre Companies Registry under n°410 219 364), for the purposes of (i) carrying out its contractual obligations: fulfilling request for information or content, registration, Online Database, or for (ii) newsletter, promotional communication or promotional analysis. Platforms such as Spotify and Apple Music have come under increased scrutiny in 2020, with live revenue wiped out by COVID-19. So less engaged, and more casual, like traditional radio? Elbow frontman Guy Garvey says the way artists are paid for audio streams is "threatening the future of music". His keynote focuses on the exciting developments taking place in the Chinese music market, as well as his vision on placing Chinese and international independent artists and executives at the heart of streaming. Read part 2 about future trends in the music streaming industry here. How are musicians and songwriters compensated when their music is played on the radio, sold on digital platforms, webcast or streamed on interactive services? “Streaming isn’t a format: it’s a business model. Now it is so much more complex. The music industry has turned to live-streamed concerts to try to make up for the massive losses sustained from the cancellation and postponement of in-person events due to the pandemic. Goldman Sachs expects the recorded music streaming market to be worth around $37bn by 2030. Radio. The music industry has been rapidly transforming with technology as the accelerant. Related Campaign: On Artist Compensation. What's the logical conclusion? There is still a need to offer listeners more engaging, emotional experiences through digital... #2 ARTIFICIAL INTELLIGENCE :. An ongoing experiment is underway to find and develop the best technology and techniques for engaging fans and convincing them to pay for digital shows. monetizing fandom. and (ii) may be transmitted to the Organiser’s partners, which may become Data Controllers, that are organising an event or a session, or publishing a video that Data Subjects may attend and/or watch. streaming apps. It is now close to the levels of 2002-2003. Nothing is worse than a buffering song right in the middle of … In case of an unsatisfied answer to your request, you may raise a complaint before the French National Data Protection Authority (Commission Nationale Informatique et Libertés or CNIL) www.cnil.fr. The next battleground for streaming services will be the car, and voice is sure to play a significant role, to enable seamless, hands-free discovery on the move.”. Rhapsody International-Napster has been in the music streaming subscription business since 2001, and as a result has data on paid user/subscriber behaviour that spans 16 years. “Subscription audio streams now represent more than half of overall digital music revenues annually,” he said. From 2015 to 2019, overall recorded music revenues, driven largely by streaming, posted a compound annual growth rate (CAGR) of 13%, reaching US$11.1 billion in annual revenue (see figure). Since then, streaming services have consistently evolved to answer the growing music consumption and boost revenue for the whole industry. fandom. Streaming payments 'threatening the future of music', top artists warn. This could be a big step to a more open music streaming platform for all. You may exercise your right to access, obtain, correct and oppose the use of your personal data by writing to privacy center. See the data in this large and information-packed infographic. And the amount of new tracks uploaded to streaming platforms (60,000 per day on Spotify alone) continues to boggle the mind. “At the same time, global penetration is still low but growing faster than ever. This exclusive presentation by MIDiA Research chronologically underlines the big development of Streaming observed in western countries first, to then detail its expansion to emerging markets like Latin America or China in Asia. For Pieter Van Rijn, CEO of Dutch music tech company Fuga, it’s about the metadata and voice recognition. Anghami today is experimenting and seeing potential with [a number of technologies]which we believe will place music streaming services in the midst of the social sphere.”. The moment someone thinks of an artist or track they instantly listen to it. Pingback: The future music industry – CornyIsGood, Pingback: Cara Sukses Berbisnis dari Tempat Asal Muasal Google, Apple dan Facebook – SONPOST, Pingback: Cerita Inspirasi Bisnis, investasi dan Gaya Hidup. Innovation. “We’re still struggling with it! Every month, Midem conference team offers you a curated eye on Midem conference programme, to discover insightful business tips, key facts and global strategies on vibrant topics of the music industry. “It’s the need for clean data. Such data (i) is stored for a maximum duration of 3 years or 10 years if your personal data are used in the framework of a contract with the Organiser. and (ii) may be transmitted to the Organiser’s partners, which may become Data Controllers, that are organising an event or a session, or publishing a video that Data Subjects may attend and/or watch. Awa Girard, founder & CEO of pan-African streaming service Deedo, agreed: “Streaming services are already playing a major part in our daily routines. “We’re still struggling with it! You may exercise your right to access, obtain, correct and oppose the use of your personal data by writing to privacy center. This quote is excerpted from Midem 2019 “The Rise of New Streaming Markets” conference. Interview with Andy Gensler about Livestream and Virtual Live Experience, Interview with Marisol Segal about Livestream and Virtual Live Experience, 4 Things You Need To Know About Today’s Film and TV Music, What does the future hold for music streaming? Earlier this year, the recorded-music industry appeared to be on track to recover from a long slump, thanks to the emergence of music streaming. Midem Music Pulse helps you understand the main challenges and key trends shaping the future of the international music business via exclusive content from the Midem conference programme. 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