Next Big Sound Drops Massive Music Industry Insights, and EDM Takes a Huge Hit [Soundcheck]

Next Big Sound Music Industry Data

Story of the Week

Next Big Sound Releases “Data To Date: The Rise of Social and Streaming” Report
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Hot on the heels of Berklee’s report on transparency in the music industry, Pandora-owned digital music analytics firm Next Big Sound released their own report on streaming music and how we share music socially. To create this report NBS analyzed one trillion plays across YouTube, Vevo, Vimeo, Spotify, Rdio, SoundCloud, and Pandora.

“What really blew our minds when tallying these totals was that the number of online plays in just the first six months of the year far exceeds what we tracked in all of 2014, even before the addition of Pandora’s data. And social is growing like a weed as well. We tracked close to 14 billion new followers, page likes, and stations added in the first half of the year, already more than three quarters of the total from last year.

Let’s take a moment to consider what impact this could have on the music industry at large. For musicians, their piece of the streaming pie will only continue to grow, let’s shift our focus from the decline in sales, and instead focus on maximizing digital revenue from streaming and social interaction with fans.”

Other Important Headlines

Berklee’s Rethink Music Releases Fair Music Report Followup – According to Allen Bargfrede, “in spite of living in an age where music is more accessible than ever before, the commercial end of the business has a long way to go as far as getting artists the money they deserve.” Read more

SoundExchange Launches PLAYS Search Engine – Money earned from digital plays often, for one reason or another, ends up in the wrong hands, and even services like SoudExchange can misdirect funds. Enter the PLAYS Search Engine, a tool which allows artists to track where their money is going. Read More

What Apple Music’s 11 Million Trialists Really Mean – How successful has Apple Music actually been? While an initial report of 11 million trial subscribers certainly looks good on paper, the question remains over how many of these trial users will turn into paid subscribers. Read More

Sillerman’s Bid to Take SFX Private Fails, Stock Tumbles – Sillerman’s offer of $5.25 per share for the company became increasingly untenable as the stock continued to decline to its current $1.55 per share — a 20.1 percent decline from Thursday’s closing price. SFX has released a statement on Friday saying it is exploring “strategic alternatives” for its future. Read More

EDM Artist Laidback Luke Pens Op-Ed On Pay to Play for Festival Lineups – “Corporate investors are now involved and they often extend offers to promoters that they can’t refuse. Such investments require return, and lineup strategy and conversation gets weighed down even more by charts and apps that continuously poll the audience about what they like, who they are going to see on the day, and what they want and appreciate.” Read More

Rdio Announces Live Broadcast Radio Function With 500 U.S. Stations Onboard – The partnership with Cumulus Media includes Los Angeles’ 95.5 KLOS, San Francisco’s KFOG, and New York’s NASH FM 94.7 all stations now operating on the Rdio platform. Read More

Columbia House, Former ‘Music Club,’ Files Chapter 11 Bankruptcy – Columbia House was once famous for operating a mail-order business that enticed consumers with the prospect of “11 records or tapes for $1.” Now the company finds itself in massive debt to the people who once provided its products—labels. Read More

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By Glen Sears

Manager, PR & Editorial Content for MediaNet, 10 years of music industry experience, still have trouble with the F chord.