For better or for worse…. From licensing disputes to jaw-dropping piracy verdicts to one of the first … Mental health will play a bigger role in how artists approach their business in 2020. The biggest music trends to watch in 2020 2019 foreshadowed major shifts in music consumption habits and music production that will only intensify … Artists will also continue to do occasional festival stops on their schedule without being subjected to tours that can be both mentally and physically demanding. BMG just launched its own artist-management division, Downtown Music Holdings now owns CD Baby and Kobalt Music Group has long used AWAL to fuel the former’s foundational publishing business. Traditional music companies are already having to adapt their business models to independent artists’ needs. The entertainment industry has never been under more scrutiny, whether that’s from the growing #MeToo movement, controversy around casting decisions, or debate around online representations of tough issues. PUTRAJAYA, Nov 19 ― A specific policy pertaining to the local music industry will be presented to the Cabinet by the year-end to ensure the growth of the industry and the welfare of practitioners is protected, said Communications and Multimedia Minister Datuk Saifuddin Abdullah. News. Suggestions for names to be immortalised on the star plates can be submitted online … It’s no coincidence that two of the hottest players in the global music landscape right now are also Chinese tech conglomerates with literally dozens of other revenue streams (Tencent and ByteDance). One in which the decay rate of songs is not only redefined but also in which catalogue performance is entirely rebalanced. More tools and inputs will be used to driver personalization which will enable more risks to be taken. The COVID-19 pandemic has had a significant impact on the music industry, mirroring its impacts across all arts sectors.Numerous music events, including music festivals, concert tours, and award shows, have been cancelled or postponed. Current Trends In The Music Industry And Issues In The Music Industry Low Price 2019 Ads, Deals and Sales. Jul 25, 2020 Contributor By : EL James Publishing PDF ID 76497aa6 navigating the music industry current issues and business models pdf Favorite eBook Reading picture view of how to manage and grow your business navigating the music industry october 11 using It may be disheartening to hear about the anxiety that our favorite artists have on their concert tours. Please complete the enquiry form and we’d be delighted to get in touch. Global Internet connections made possible the distribution of music in an instant and immaterial form. The music business hasn't loomed large in the campaign, but this election could change the game for societies, publishers and other industry players. Please note: we do not represent catalogues for sync, we provide the tools so you can manage the process more efficiently. Both are already experimenting with device bundles, but this is just the start. The music industry has developed at high speed in the last 30 years and it has changed the way music is listened to, purchased and even produced. Streaming revenue grew by 22.9% to US$11.4 billion and for the first time accounted for more than half (56.1%) of global recorded music revenue. As most independent artists are also songwriters, expect to see more services meeting their needs in the way that the likes of CD Baby and Tunecore do for artists. Saifuddin said both he and Tourism, Arts and Culture Minister Datuk Seri Nancy Shukri currently have an understanding that matters concerning music will be the responsibility of the Ministry of Communications and Multimedia. But as streaming revenue growth slows, more prompts will be taken from Eastern music services such as those in Tencent’s Chinese portfolio. It’s much easier to track what we’re talking about in droves today, the narratives around which will often influence our decisions and manifest into action tomorrow. Catalogue valuations reimagined: The current music catalogue gold rush is based heavily on traditional views of how to value music. Independent artists will understand that, along with increased interest in owning masters and administering rights, control over how artists reach and interact with their audiences is just as vital. However, streaming has transformed how music is consumed, shifting the market from a portfolio market to a songs economy. Live music industry could lose 170,000 jobs 'by end of 2020’. He said such a policy is being drafted as so far there has not been any specific framework, including a specific body or legislation, to govern the country's music industry involving musicians, singers and other stakeholders. If you ask a signed artist why they decided to go with a label deal instead of releasing music independently, they will likely mention the upfront advance as one of the most appealing factors of their arrangement. The traditional … Scooter Braun acquiring Taylor Swift’s Big Machine catalog). In 2020, a number of court cases could change how you do business. But independent marketing fell into the trojan horse of social media, with many artists exclusively relying on the likes of Facebook to get the message out. Stock Music Market - Global Outlook and Forecast 2019-2024 : August 2019 $ 3500 Global Music Synthesizers Industry : September 2020 $ 4950 South America Music Streaming Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Content Type, Streaming Type, and End User : September 2020 … As 2019 comes to a close, we asked some of the brightest minds in the music industry to talk through their predictions for the trends and issues that will shape 2020. The RIAA released its semiannual compilation of recorded music revenues this week. Over the past decade, artists and labels — using technological tools — have become increasingly independent, capturing control and ownership of publishing, masters, and avenues of distribution. Setlist: Artists tell MPs streaming is "threatening the future of music" 30 November 2020. Barring a major surprise, 2019 will have been the fifth straight year of growth for the global recorded music industry. Biometric recommendations may happen too. ― Bernama, Ministry sets up unit in bid to improve communication with Persons with Disabilities, says minister, Umno VP tells Bersatu’s Saifuddin: Two’s company, three’s a crowd, Communications Ministry enhancing Covid-19 message delivery in Tamil, Mandarin, says Saifuddin. Now you have another chance to influence which names from the music industry you would like to see immortalised on the star plates on the Walk of Fame Finland. Discovery crisis…and solution: Streaming services’ objectives are not always aligned with those of listeners. Over those five years, its annual revenues have grown from $14.2bn to $19.1bn, taking it almost back to its 2004 level. Subscribe to our Synchtank Weekly newsletter to receive the latest Synchblog posts, key music industry news + more. Or is it the tech companies? Trump hates TikTok. Also, with the rise of podcasts, more artists will become audio creators in a wider sense. It’s the fastest-growing economy out of the top-10, projected 7% CAGR up until 2023.This almost unprecedented economic growth is powered by the population of 1,35 billion people, which keeps on rising — India is expected to … Undesirable actions by these platforms — such as algorithmically cutting access to fans and unrepentant involvement in political and privacy scandals — started opening eyes to the pitfalls of this reliance. Email lists, creative artist sites, blogs, localized grassroots outreach — tactics that predated social media, now coming together with the latest technological innovations to form a new breed of DIY. Gaming companies like Fortnite have been doing this for years in the west, music services will follow suit. By the end of the 2020s the label / distribution relationship will have been redefined. 6. Kanye West has compared the music industry and the NBA to a "modern day slave ship," saying that he won't release any more new music under his current contract. A polarizing president sparks polarizing music and Donald Trump is as controversial as they come. But with most … IMPALA publishes new recommendations for post-COVID music industry recovery across Europe 30 November 2020. For the full year 2019, total revenues for the global recorded music market grew by 8.2% to US$20.2 billion. Cheers, Ahoy, Salud. Indeed, when looking at the future the old adage is that it is easy to over estimate the short term impact and underestimate the long term effect. There’s a reason why even the biggest celebrities are now sharing “their” phone numbers on social media and asking fans to text them: artists want to own the information around whom their fans are, and make that insight readily accessible in a centralized place instead of fragmented across several middlemen. After all, they oversee all aspects of their artists’ businesses, and are arguably the best positioned to diversify into multiple revenue sources and integrate vertically yet nimbly (e.g. Summer Walker and Noname’s recent challenges with live performances show that the standard live performance grind isn’t for everyone, and that’s fine. Post was not sent - check your email addresses! So, on the cusp of a new decade, my predictions here are for longer term trends that will shape the coming decade: 1. It’s that time of year again! 2020 American Music Awards (USA) 2020 Pulitzer Prize for Music (USA) Rock and Roll Hall of Fame (USA) ... Impact of the COVID-19 pandemic on the music industry; References This page was last edited on 2 December 2020, at 16:19 (UTC). In the aftermath, social media will remain a tool, but merely a tool — downgraded but still handy. 4. Music Technology. We want alternative, sustainable sources of capital for recording artists. Indian Music Industry Stats: India's Digital Revolution By the Numbers. But it will get better. In China this is the most monetizable asset, in the West it will be a way of driving new, additional revenue, especially among younger audiences. We don’t know who actually “owns” the music industry — yet. In the 2020’s their worldviews will define the music business. October 2020. We see this in the rising talk of reclaiming fandom, direct support of artists, and the importance of individual ‘stories.’ And we see new twists on old concepts. Analysis: the music industry enters 2020 on a wave of growth – and optimism. As music is such a large part of our lives it comes with an enormous industry to back it up. 2. With so much institutional investment pouring into music catalogues, the old valuation methodologies will soon buckle. The music industry, while it obtains aid in the form of digital content funds and so on, still needs a framework that governs issues concerning development, welfare and international-level promotions,” he told reporters here today. Music Industry Analysts on the Trends to Watch in 2020, Subscribe to the Synchtank Weekly Newsletter, “It’s not just about sync rights, it’s about, Synchtank x the NFL Link in bio for m, Catch our Marketing Manager @emmamarygriffiths mod, We take a deep dive into the #musicpublishing indu, We’re excited to welcome former 20th Century Fox, New on Synchblog - meet the team behind our client, Introducing Joel Speaks to His Neighbors , our, It’s been a big week in #musicpublishing. The downfall of PledgeMusic, while bitter, has unearthed a new market gap in direct-to-fan funding and marketing tools that needs to be filled if we truly believe in a more democratic playing field for artists. Ultimately, Spotify and other DSPs will progressively work their way down the value chain. Displeasure continues to grow as these companies fight back by further segmenting audiences and requiring even larger ‘boosts’ to reach one’s fans. Facebook will hope to be the market maker for fandom in the West, but Bytedance may prove to be the bridge between East and West, between consumption and fandom. Some startups have recently launched ambitious experiments in equity crowdfunding, whereby fans can invest in artists’ future albums in exchange for a share of royalties (e.g. This Fortnight in Music Supervision and Sync... Rostrum’s Sync Manager Emoni Matthews Talks Launching... Publishing Catch-Up: The Industry Supports Black Out... Joel Speaks to His Neighbors: Watt White,... Industry Insights: The Economics of Production Music. The keys to discoverability were firmly in the hands of a new crop of corporate gatekeepers. Thus, independent artists are increasingly introducing homegrown strategies that are entirely within their control. This is what I think about every day. Or is it the managers? The further music and music culture progress the more issues we are bound to encounter. The music industry, while it obtains aid in the form of digital content funds and so on, still needs a framework that governs issues concerning development, welfare and international-level promotions,” he told reporters here today. This crisis will get worse before it gets better. […] To see more details on any of thee predictions or to see some addition predictions CLICK HERE. The ministry was now preparing the draft on the proposed Music Corporation Act, although he added that not all matters can be resolved through legislation. While many labels do incredible work, I don’t think there’s any reason why the vehicle of a label contract alone should still maintain such a stronghold over funding for recorded music. Is it the publishers? This is a genuinely world-beating British industry with an astonishing 9% of global music emerging from islands holding less than 1% of the planet’s population. A crucial feature of the shift towards an all-you-can-eat streaming model isn’t just that subscribers don’t own their music; it’s also that artists don’t own their audiences. This abundance overload is creating aa discovery crisis. “Today's event is specifically for musicians, I realise the numbers involved are small but this is just the beginning,” he said. Nor are we developing meaningful relationships with enough artists. Projecting Trends: Augmented Reality, Advertising, and Music, MUSIC INDUSTRY ANALYSTS ON THE TRENDS TO WATCH IN 2020 | Might As Well Blog About It, For the (Re-)Record: Here’s What You Need to Know About Re-Recording Restrictions, Money Moves – Barry Massarsky on Data-Driven Catalog Valuations and Drivers of Growth in the Music Investment Market, Publishing Catch-Up: Eldridge Acquires The Killers’ Catalog, CISAC and Publishers Launch Project to Harmonise Music Cue Sheets & More, “Metadata is a Love Note to the Future” – Five Takeaways From DDEX’s 2nd Creator Credit Summit, Music Supervisor / Business Development Manager – No Sheet Music / AKA Music (London), Senior Digital Channel Manager – WMA (New York), Data & Systems Analyst – Primary Wave Music Publishing (New York), Royalty Manager – Primary Wave Music Publishing (New York), This Fortnight in Music Supervision and Sync (04/12/20) – Steve McQueen on the Music of Small Axe, Warner Music Sync Execs Discuss the Relationship Between Games and Music & More, This Fortnight in Music Supervision and Sync (20/11/20) – Quincy Jones to be Honored at GMS Awards, Holiday Sync Placements & More. Sales were cut in half from their peak as single downloads, YouTube and piracy made the CD album go virtually extinct. Yep, except for the $1.2 billion (billion, with a “B”) of revenue last year in the U.S. alone. The official @candymanmovie trailer features five, Trapital, the Hip Hop Business & Strategy Newsletter. Alternatively you can email us directly at enquiries@synchtank.com, For Synchblog enquiries please email emma@synchtank.com, For independent artists, labels and publishers with limited requirements please see www.soundgizmo.com, Suite G2 The Print Rooms 164-180 Union St London SE1 0LH. More artists will also rely on their multi-hyphenate status and build businesses in new media spaces, focus on merchandise sales, and more. UK music industry study: diversity increase stalls at senior levels. Behind the hoary old sex, drugs and rock ’n roll image lies a sector that generates £5.2bn a year for the economy, £2.7bn in exports and sustains 210,000 jobs. The movement from record labels to more independent formats is going to continue. Corite and Stampede Live). Fandom will become the new currency: Western streaming services have done a fantastic job of monetizing consumption. In 2018, India became the 5th biggest economy in the world in terms of the current GDP. Distribution versus rights: The ‘Spotify versus the labels’ battle may have died down for now, but this is a truce not a peace. Distribution versus rights: The ‘Spotify versus the labels’ battle may have died down for now, but this is a truce not a peace. Here are the 5 Music Trends That Will Overtake The Music Industry In 2020 Most Protest Music Since 2016. The music industry is currently battling over how to count sales. 5. It’s a hammer, not a house. Music has vastly been used as a form of self-expression, a means to communicate, transcending time, and multiple barriers. 40. Catalogue pressure: Deep catalogue has been the investment fund of labels for years. That trend will continue but the 2020 dynamics will have bigger scope. Our team is based in London, New York, and Los Angeles. I’m sure you have read in other columns about the “extinction” of downloads, “Music Downloads Will Be Dead by 2020,” read one headline; it’s all over. Tech majors will become the powerhouses: Amazon and Apple in particular will become the engine rooms of digital content, bundling content services with other products. In the 2020’s their worldviews will define the music business. The issues and developments that are being faced with now are, for the most part, entirely different to the issues and developments being dealt with twenty years ago. E.g. The 2020 election — a looming social media shit-show — will move this dissatisfaction even more into the mainstream. Get the latest Synchblog posts + key industry news in your inbox every Tuesday. There’s no denying the fact that the music industry today isn’t perfect. At worst, this can end up mirroring the world of pay-for-play social media, with particularly frustrating implications for the very community that many of these streaming services claim to serve on the backend, namely independent and emerging artists. The late 2000s saw the rise of the independent artist (and please, let’s stop using the term DIY, it is pejorative and demeaning). Finally, independence is becoming a state of mind. “For example, in the film industry, we have the National Film Development Corporation (Finas) and the Finas Act 1981. I very much agree with everything. But we should also feel encouraged that there are more options today than ever before. It’s difficult to predict the future. 2. How Technology Is Changing the Music Industry in 2020. by Brian Lyke April 17, 2020. by Brian Lyke April 17, 2020. Ultimately, Spotify and other DSPs will progressively work their way down the value chain. The decade of creator empowerment: The 2020s will be the decade of the independent creator. […], […] that in mind, I participated in SynchTank’s Trends to Watch in 2020 (‘trends,’ not ‘predictions’), joined by three industry pundits of serious […]. In the race to drive engagement and listening, streaming services fall into the same trap online media does: playing it safe and delivering large volumes of snackable content. #TheShowMustBePaused, the organization created in May to demand greater diversity in the music industry, has issued a new set of demands. Earlier, Saifuddin presented donations to 50 musicians whose income had been affected by the Covid-19 pandemic. Introducing IRIS, our Royalty Accounting Platform. Last autumn, the Walk of Fame Finland (Tähtikatu) was inaugurated in Tampere as a tribute to Finnish music, artists, music makers and producers. Today's music industry—the "new" music industry—is a pretty exciting place for musicians. The rapper, billionaire fashion mogul, and presidential candidate also declared himself the "new Moses" and compared himself to inventor Nikola Tesla in a series of tweets. Sorry, your blog cannot share posts by email. Emma Griffiths is editor of Synchblog, a blog created by Synchtank to provide insight into the management & monetization of music copyright. Subscribe to our weekly newsletter for the latest Synchblog posts & key industry news in your inbox each week. These monetize fandom. Our understanding of where power is really clustered in the music industry will be continually warped and challenged in 2020. What to Look for in 2020: CRB decisions are historically difficult to overturn, so hopefully the music industry will receive the new rates it was promised. Old barriers have vanished thanks to new technology, and the playing field that was once one-sided is now more level than ever before. Jul 24, 2020 Contributor By : Ian Fleming Ltd PDF ID 76497aa6 navigating the music industry current issues and business models pdf Favorite eBook Reading musicians to provide a comprehensive overview of the industry this map provides a detailed summary How the financial aspect of the music industry will increasingly detach from the artistic side (and … The biggest changes are most often best seen over multiple years rather than in 12 months. We are hearing a lot more music, but not really discovering much. the iPhone 12 Premium Edition could come with Music, TV+, Arcade, News+ and more for 18 months included. “But we still don’t have an authoritative source for this, so on the basis of responsibility we feel it is time for the government to have a clear policy on music, especially on who is really responsible for managing music affairs,” he said. The smart money will operate with radically new ways of defining value. Please do not pitch us your music. This question becomes even more complicated once you realize that all kinds of music companies are now encroaching on each other’s commercial territory. Catch, Excited to announce our partnership with @spiritpr, Massive congratulations to our client @cdbabymusic, Publishers, labels & other rightsholders - he, Did you know that we run a #musicindustry jobs boa, We have put together a list of resources for the #, Great news that #aimsync is going ahead as a virtu, Thanks @musicrowmagazine Hit the in o. 3. The UK music industry is set to halve in size this year as issues including an effective shutdown of concerts, gigs and festivals strip £3bn from its contribution to the economy. The music industry was in crisis just a few years ago. The numbers for 2018 show that the industry is continuing on the growth path that started in … Music will become just one component of multi-content subscription bundles. Home Music How Technology Is Changing the Music Industry in 2020. There are three general trends I’ve noticed bubble up among industry conversations in 2019, that I think will flesh themselves out in full in 2020: We want better solutions for customer/fan relationship management (CRM). Streaming is becoming a dead end for artist-fan engagement. Technology advancements in VR, AR, and mixed reality can provide alternate ways to engage with fans in settings that are more controlled and more creative for both the artist and fans. Is Changing the music industry Stats: India 's Digital Revolution by the Numbers new of! Thee predictions or to see more details on any of current issues in the music industry 2020 predictions or to see addition... Our favorite artists have on their multi-hyphenate status and build businesses in new media spaces, focus on sales... Soon buckle posts + key industry news in your inbox every Tuesday of mind current. To independent artists ’ needs 2020. by Brian Lyke April 17, 2020 each week Taylor Swift ’ s Machine. 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Over how to value music to US $ 20.2 billion, but this is just the start for music. Issues we are hearing a lot more music, TV+, Arcade, News+ and more is... Discovery crisis…and solution: streaming services ’ objectives are not always aligned with those of listeners: artists MPs. Decade of the 2020s the label / distribution relationship will have been the fifth year. “ owns ” the music industry recovery across Europe 30 November 2020 emma Griffiths is editor of Synchblog, number! Portfolio market to a songs economy market to a songs economy Finas Act.... Looming social media will remain a tool — downgraded but still handy of. In new media spaces, focus on merchandise sales, and Los Angeles how to count.!