MusicDish e-Journal - May 26, 2017
MusicDish Advertising Network
» HOME » INSIDER SCOOP » CAREER TIPS » MUSIC SPOTLIGHT » MUSICDISH*CHINA
» INDUSTRY INTERVIEWS » NEWS BEAT » DIGITAL SKOOL » OPEN REVIEW » MUSICDISH EDELWEISS
Search MusicDish e-Journal (Advanced)
Subscribe To MusicDish e-Journal
About | Contact | Advertise | RSS | Submit Article | Submit News | Artist Development | Premium PR Distribution
Mi2N | MusicDish*China | MusicDish Network | MusicDishTV | Urban Music News Network

Spotify Overtakes iTunes in Europe for Kobalt
Spotify revenues surpass iTunes revenues in Europe by 13% for Kobalt clients
By Mi2N
(more articles from this author)
2014-11-09
Comment | Email | Print | RSS

Kobalt, a global music publishing and music services company, announced a milestone in the growth of streaming revenues: its writers' European earnings from Spotify have overtaken those from iTunes.

Kobalt represents 6,000+ songwriters and artists, comprising half of this weeks Top 10 Billboard songs and albums and the top three albums in the Official UK Album Chart.

Keynoting at the Web Summit in Dublin, Kobalt founder and CEO Willard Ahdritz revealed the news and explained that royalties collected from Spotify's streaming service in Q1 2014 were 13% higher than those from the iTunes download store.

By comparison, Kobalt writers' earnings over the two previous quarters showed European iTunes publishing income 32% higher than that for Spotify in Q3 2013, with the gap shrinking to 8% in Q4 2013.

During this nine-month period from Q3 2013 to Q1 2014, Kobalt saw 5% growth of combined iTunes and Spotify publishing revenues in Europe.

Streaming Revenues Continue To Grow Globally

On a global level, streaming revenues for Kobalt writers tripled over the past two years, accounting for 10% of overall global publishing income in Q2 2014. This includes subscription services, YouTube, Internet radio and royalties from live performances of compositions, radio performance and those from CDs and concert DVDs. The share of publishing income made up by streaming has grown steadily, trebling since Q4 2011, when it was 3%.

The findings highlight a seismic shift taking place in the recordings business, in which the access model of music consumption is on its way to overtaking the ownership one. Moreover, it demonstrates that streaming can prove a viable business model when tracked and collected on properly.

Ahdritz will also explain that through its technology and results-oriented business model, Kobalt is also able to collect more revenue, on average securing 30% higher revenues than other publishers for exploitation of the same work.

"Kobalt is changing the future of music. Our unique model and our technology allow us to embrace streaming because our clients know they will be paid - and with total transparency!" said Willard Ahdritz, founder and CEO of Kobalt. "Spotify overtaking iTunes in Europe is an important new milestone in streaming. What Kobalt offers to artists, songwriters, and publishers has become more important than ever as the music industry's infrastructure is failing them, unable to efficiently account for the enormous volumes of data from digital transactions. We are fixing those clogged pipes and, for Kobalt clients, the money is flowing. And happy music creators means the whole ecosystem will flourish."


Home » Insider Scoop » Spotify Overtakes iTunes in Europe for Kobalt
Permalink:http://www.musicdish.com/mag/?id=13663
Email |Print |Comment |RSS

back | top


MusicDish Advertising Network

Insider Scoop

» Why Do So Many Music Technology Startups Fail?

» New Report Debates Future of Arts & Culture Ticketing

» An Open Letter To President Donald J. Trump

» UK Festival Market Driven By "Super Fans"

» Victory Records Releases Statement On A Day To Remember Court Case

Insider Scoop Directory



» [2017-04-18] A2LiVE Welcomes Eric Reithler-Barros As New Managing Director And CCO; China's EDM Festival Behemoth Eyes Asian Ecosystem Dominance

» [2017-03-16] Jackson Wong Named As Managing Director Of Warner Music China; Wong Will Oversee The Day-to-day Running Of WMG's Beijing Office And Is Also Expected To Expand The Company's Business In Mainland China

» [2017-03-09] Avex Group Rediscovers Mainland China Market; Japan-based Entertainment Management Firm Grants Chinese Platform NetEase Cloud Music An Exclusive License To Its Copyrighted Music

» [2017-03-08] Peermusic And Hamshore Tang Win Lawsuit Against Chinese Label YY; Chinese Court Ruled That YY Should Immediately Cease The Infringement Of The Work's Mechanical, Performance And Digital Rights

» [2017-02-22] Earl & The Steadies Sign With MusicDish For Representation In China; The Band Will Tour Mainland China In May In Support Of The Release Of Their 2016 Album "Love Revolution"

» [2017-02-18] Armada Night - China; The Amsterdam-based Record Label Has Announced The First-ever Armada Night China Tour

» [2017-02-16] NYC's Chinese-American MC Bohan Phoenix Releases New EP 'JALA'; Brooklyn-based, Chinese-transplant Bohan Phoenix Unites Cultures And Expresses His Mixed Identity

» [2017-02-15] Music Marketing Agency Syn Launches Beijing Office; Syn Announced The Official Launch Of The Beijing Office, Broadening The Horizons Of The Tokyo-based Music Marketing Agency

» [2017-02-15] Warner/Chappell Production Music Promotes Aaron Gant To Senior Vice President Of Production; Warner/Chappell Promotes Aaron Gant To Senior Vice President Of Production After 25 Years In The Industry

» [2017-02-08] World Blues & Roots Band Harper And Midwest Kind China Tour; The 2-week Tour Will Bring Their Unique Sound To Beijing, Tianjin, Shanghai, Wuhan And Shijiazhuang

» [2017-02-07] ASCAP Expands Asia-Pacific Strategy; Leading US PRO Engages CML Consultancy Services To Work On Asia-Pacific Strategy And Revenue Growth Opportunities

» [2017-02-05] Why Do So Many Music Technology Startups Fail?; A Major Problem Is That Many Music Industry Startups Do Not Actually Test Their Riskiest Assumptions When Developing A Strategy
MusicDish Advertising Network

follow MusicDish on
Follow MusicDish on Twitter

Mi2N Music PR

Nick Brodeur Wins Studio Package From ReverbNation

David Longoria, April Diamond, Trent Park, Larissa Lam Head Up White House Event

17-Year-Old Singer/Songwriter Wins Prestigious Music Award In Hawaii

Jah Mason Empowers Women With New Single 'Its Your Life'

Amsterdam Dance Event Announces Spotlight On Morocco And Hello DeLaMar, ADE Changes Venue

Deadline Looms - The 22nd Annual USA Songwriting Competition

Earl And The Steadies To Play In Seoul For "Back To The Retro" Party



Websites: Mi2N | MusicDish*China | MusicDish Network | MusicDishTV | Urban Music News Network
Services: Submit Article | Submit News | Submit Video | Artist Development | Premium PR Distribution

Copyright © 1997-2017 MusicDish LLC., all rights reserved.
About MusicDish e-Journal | Contact Us | Advertise | RSS | Internships