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News
RIAA: Music Industry Revenues Up riaa-reports-music-industry-revenue-early-2017

RIAA Reports: Music Industry Revenue Up In Early 2017

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RIAA report reveals that music industry revenues were up in the first half of 2017 led largely by paid streaming
Renée Fabian
GRAMMYs
Sep 25, 2017 - 4:07 pm

Good news for the music industry in the first half of 2017 — according to the Recording Industry Association of America's mid-year sales report, retail revenues are up by double digits.

Chance The Rapper Wins Best Rap Album GRAMMY

In the first six months of 2017, music retail revenues came in at $4 billion, which represents a 17 percent increase over early 2016. Of these numbers, streaming services, including paid subscriptions, free ad-supported tiers and radio streaming platforms, generated 62 percent of total music industry revenue.

Financial windfall from streaming services has continued to rise over the last three years, increasing from $474,000 in the first part of 2015 to $1.7 million so far this year, a dramatic jump of 258 percent.

While overall this is good news, unfortunately music creators are still seeing a decline in payments through SoundExchange, down 16 percent from this time in 2016. However, when factoring in direct payments some services make to labels, such as streaming radio service Pandora, the report shows revenue from digital radio has increased in 2017 by 21 percent.

Continuing the trend of recent months, digital downloads have declined. In the first half of 2017, digital sales accounted for $757 million in revenue, less than half of what digital downloads brought in the first six months of 2013 at $1.54 billion.

Physical music sales such as vinyl, CDs, cassettes, and music videos held steady in the first part of 2017, accounting for $632 million in sales, a 1 percent drop from 2016. Vinyl continued its growth trend, adding 3.2 percent from $176.1 million to $181.7 million. The RIAA attributes this to higher vinyl prices as opposed to an increase in unit sales.

RIAA Reports: Music Streaming Is Accelerating Industry Growth

Apple Music on phone
News
Streaming Royalty Rates To Increase In 2018 copyright-royalty-board-increases-streaming-rates-how-much

Copyright Royalty Board Increases Streaming Rates, But By How Much?

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The Copyright Royalty Board has announced a portion of their cost of living rate increases for next year
Renée Fabian
GRAMMYs
Nov 29, 2017 - 4:23 pm

In news of interest to artists and other copyright holders, the Copyright Royalty Board has begun announcing new rate determinations to take effect in 2018. The first batch includes slight increases to account for cost of living.

Master recording copyright holders will now receive a rate of $0.0018 for ad-supported, non-subscription music streaming services, up from $0.0017. Performances on paid subscription services will now be worth $0.0023, a slight uptick from $0.0022. In addition, non-commercial webcasters will pay an increased amount of $0.0018 performance.

These rate increases are the first rate determinations announced by the Board. Additional determinations will be announced shortly, which will impact the entire music industry. Royalty rates expected to be impacted include mechanical licenses paid by labels and digital services to publishers and songwriters and the amount of compensation copyright owners receive from SiriusXM and Music Choice.

Apple Music Exclusive: Watch Classic GRAMMY Performances

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News
Holiday Music And Your Mental Health how-holiday-music-affects-your-mental-health

How Holiday Music Affects Your Mental Health

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Love it or hate it, there's no doubt holiday music has an impact on our mental health
Renée Fabian
GRAMMYs
Nov 27, 2017 - 12:17 pm

There are generally two kinds of people in this world: Those who love holiday music and those who can't stand it. Regardless of which side of the fence you stand, it turns out science has an explanation.

Scientists tell NBC News it all comes down to your childhood association with holiday music.

"Our response to Christmas songs depends on the association," said Dr. Rhonda Freeman, a clinical neuropsychologist. "Many of us associate this music with childhood and a happy time of presents and traditions and all the specialness that happens around that time of year."

However, on the other side, those who had a difficult childhood or who associate the season with loss find that holiday music brings on more painful associations.

The reason these childhood holiday music impressions have so much power over us even as adults is thatthe prefrontal cortex area of the brain, the rational thinking part of the brain, is still developing in children. As a result, a child's brain is more emotional, and those emotional associations around music stick well past adolescence. 

Because we listen to the same body of holiday music year after year since the time we are small, and tunes like "Silent Night" or "Carol Of The Bells" are designed to elicit an emotional response, it makes complete sense it's hard to get these songs out of our heads and hearts.

So love them or hate them, know you're not alone in your holiday music feels.

U.K. Charity Brings Live Holiday Music To Senior Centers

Kickstarter

Photo: Chris Ratcliffe/Bloomberg/Getty Images

News
Get A Funding "Drip" With New Kickstarter Program kickstarter-launches-drip-funding-program-artists

Kickstarter Launches Drip Funding Program For Artists

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Crowd-funding platform launches new ongoing financial support program designed specifically to sustain artists' careers
Renée Fabian
GRAMMYs
Nov 17, 2017 - 11:29 am

As an independent artist, sometimes one of the most stressful parts of the business is waiting for the money to trickle in. Kickstarter thinks it can help by providing a steady Drip of financing for artists using their new platform.

Acquired by the popular crowd-funding platform in 2015, Drip initially began as a project from record label Ghostly International, which envisioned a subscription support system for musicians. On Nov. 15, Kickstarter announced they were relaunching the program for creators of all types, including musicians, writer, artists, filmmakers, and more.

Drip allows creators to set up a hub that gives fans the ability to support artists across their entire body of work, instead of fundraising for one-off projects. Artists on the platform can then offer potential subscribers incentives such as early access to new work or behind-the-scenes details on the creative process as rewards for their ongoing support.

Building on more than $3 billion in pledges to support upward of 100,000 creative projects from 13 million people in the eight years since their launch, Kickstarter hopes Drip will provide artists a new and sustainable way to keep creating their art on their terms.

UnitedMasters' $70 Mil Play To Manage Music Data Better

Recording Academy President/CEO Neil Portnow

Recording Academy President/CEO Neil Portnow

Photo: Steve Mack/FilmMagic

News
GRAMMY Music Education Coalition Launches grammy-music-education-coalition-brings-music-public-schools

GRAMMY Music Education Coalition Brings Music To Public Schools

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The special initiative works to deliver music resources to students in underserved communities nationwide
Renée Fabian
GRAMMYs
Nov 7, 2017 - 11:43 am

The GRAMMY Music Education Coalition has officially launched, and it will work to bring musical opportunities to students nationwide, especially in underserved communities, starting with Nashville, Tenn., Philadelphia and New York City.

A group of more than 30 organizations, including National Association for Music Education, the NAMM Foundation, VH1 Save the Music Foundation, and Lang Lang International Music Foundation, the Coalition will provide strategic funding and services to its targeted school populations.

"The big dream was what if every young person had the opportunity to be involved with music through the public school system," Recording Academy President/CEO Neil Portnow told Billboard. "What if we were able to pool our energy, efforts and resources with others in the music industry who are also doing fine work in music education to attack this big dream? The partnerships we are creating with school districts, teachers, parents, and youth are designed to drive systemic change across geographies and communities nationwide."

One of the organization's first initiatives is a partnership with Disney*Pixar's new film, Coco, which sees a 12-year-old guitarist chase his dreams of being a great musician. Walt Disney Studios, GMEC and Berklee College of Music's Berklee Pulse will collaborate to provide educational materials. In addition, Disney*Pixar will donate 300 Cordoba guitars with Guitar Center providing an additional 300 guitars to be delivered to partner schools before the end of the year.

This first initiative is just the beginning of what the GMEC hopes is a long-term effort to bring the far-reaching benefits of having a music education to students nationwide.

"The benefits of music education extend far beyond the classroom," says GMEC Executive Director Dr. Lee Whitmore. "By increasing the number of students actively making music, we're fostering the development of essential cognitive and social skills that better prepare them for success as well as beginning a lifelong appreciation of music."

Berklee Online Adds Master's Programs For Music Production, Business

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Some of the content on this site expresses viewpoints and opinions that are not those of the Recording Academy. Responsibility for the accuracy of information provided in stories not written by or specifically prepared for the Academy lies with the story's original source or writer. Content on this site does not reflect an endorsement or recommendation of any artist or music by the Recording Academy.