MusicDish e-Journal - November 25, 2017
MusicDish Advertising Network
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

The Music Industry is Just Dandy!
By Eric de Fontenay (Founder & Publisher)
(more articles from this author)
Comment | Email | Print | RSS

The music industry is often described as in a slump, in danger or under threat from a host of factors, foremost being file sharing & burning. And Best Buy's announcement that total revenue for the first quarter of the year at its Musicland stores had declined 15% as compared to the last quarter only reinforces the perception that the music industry is in decline. While seasonal "softness in both mall traffic and CD sales" were a factor, it still contrasted with a 1.3% increase in sales at Best Buy stores.

But are CD sales an appropriate measure for the health of the music industry? Or more relevant, what exactly do we mean by the term 'music industry'? As discussed in the media (including in this publication) and at music conferences, this usually refers to the major recording labels. To some, it may even include the various retailers actually selling recorded CDs. In this context, CD sales would certainly be an important indicator of the business & financial health of the 'music industry.'

But music is much more than a disc. The music industry, in fact, encompasses a variety of sectors where music is the core product. And many of those sectors are doing "just dandy." While overburdened with debt, much as the labels, broadcast radio has seen revenues and profitably strengthened while CD sales weakened. The same company that dominates the broadcast market has also benefitted from record-breaking ticket prices, concert attendance and profits. If you ask Clear Channel on the prospects for their music business, they'd have to reply "just dandy." Ironically, the euphoria over file sharing may at least be in part a factor for driving fans to over-priced events while legitimate bootlegging give artists a much-needed cash infusion.

Nor have performing rights organizations fared too badly. ASCAP, for example, recently announced it had distributed $587 million to its members in 2002, "a new record amount for any performing rights organization, anywhere in the world." And much of that increase cam from another growing market, the cable industry, which contributed $79 million in special distributions from settlement payments.

And the entertainment industry has nothing to complain about as Best Buy stated that, "strong increases in the Company's comparable store sales of DVD movies and video gaming offset comparable store sales declines in CDs."

What does it all mean? Probably that the real music industry, much as the movie & video game industries, is really growing at a healthy rate while the CD sub-market is going the way of the 8-Track, cassette & vinyl as digital music increasingly attains defacto status. A problem for major labels & brick-&-mortar retailers, not for the real music industry.

Related News from Mi2N:
» Ticketmaster Announces Top Selling Day In History
» Dixie Chicks Break Tickets Sale Records Across The Country
» Best Buy's Fiscal 2003 Revenue Rises 16% To $22.7 Billion

Home » News Beat » The Music Industry is Just Dandy!
Email |Print |Comment |RSS

back | top

MusicDish Advertising Network

News Beat

» Nordic & British Musicians' Unions' Joint Statement on Sexism in the Music Industry

» Women Make An Impact On The 2018 MPG Awards Shortlist

» Two-Sides of Copyright Finance: Sound Royalties & Kobalt

» Career Moves: ROLI, Live Nation Sweden, Music Glue, BBR Music Group, Warner/Chappell Music Spain & Blue Night Soundscapes

» Europe's Digital Music Leaders Form Alliance

News Beat Directory

» [2017-11-21] Joint Statement By The Nordic Musicians' Unions And British Musicians' Union; Discussions On The Issue Of Gender Inequality, Sexism And Sexual Harassment, The Scale Of Which Had Been Highlighted By The Recent #metoo Campaign

» [2017-11-13] Women Make An Impact On The 2018 MPG Awards Shortlist; Nearly A Quarter Of Those Named This Year Are Female, Proving That Music Production Is No Longer A Bastion For The Boys

» [2017-11-13] The Nashville Musicians Sound Healthcare Plan Rolls Out; Sound Healthcare & Financial Announced The Formation Of A True Group Health Insurance Policy Plan For Musicians And Industry Professionals

» [2017-11-09] Streaming & Listening Diversity - Spotify Case Study; Will Artists Have An Easier Time Finding An Audience, Or Will Streaming Focus Global Attention On A Small Number Of Stars?

» [2017-11-09] Two-Sides Of Copyright Finance: Sound Royalties & Kobalt; Sound Royalties Unearths Millions In Undistributed Royalties While Kobalt Launches Fund To Invest In Music Copyright

» [2017-11-08] Career Moves: ROLI, Live Nation Sweden, Music Glue, BBR Music Group, Warner/Chappell Music Spain & Blue Night Soundscapes; ROLI Chief Creative Officer, Live Nation Sweden Managing Directors, Music Glue Global Head Of Business Development, BBR Music Group VP Of International, Warner/Chappell Music Spain Managing Director And Blue Night Director Of Music Clearance

» [2017-11-08] Europe's Digital Music Leaders Form Alliance; European Digital Music Companies Launch Of Digital Music Europe

» [2017-11-05] Pandora Subscriber Base Grows To Over 5 Million; Pandora Premium Paid Subscribers Cross The 1 Million Milestone In October 2017

» [2017-11-05] Hybrid Studios Announces Online Mastering Services; Engineers Billy Klein And Brian Frederick Spearhead New Online Mastering Effort Through OC Studio

» [2017-11-05] Music Industry Betting On VR & AR For New Revenue; The Music Industry Is Making An Early Bet On VR & AR To Create New Revenue Streams Across All Their Lines Of Business

» [2017-11-04] Sound Royalties Unearths Millions In Undistributed Royalties; Nearly $14 Million In Undistributed Royalties Has Been Found By Music-focused Finance Firm Sound Royalties

» [2017-11-02] MusicDish*China October China Label Music Releases And Charts; Several Tracks From October Releases Have Charted On Chinese Music Portal Kanjian ING Top 10 Weekly Chart
MusicDish Advertising Network

follow MusicDish on
Follow MusicDish on Twitter

Mi2N Music PR

Hybrid Studios To Sponsor Unsigned Only 2018

Twice The Holiday Feel-Good Vibe From NYC Indie Rockers

LOVE MY COUNTRY! Is The Ultimate Compilation Series Featuring 20 Hot New Hits

Getting Restless

Your Favorite Color Releases "Heartache"

Melvin Alan Album "Wonderful Life"

Jean Louisa Kelly Presents A Personal Collection Of Songs From The American Standards And Musical Theater

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