Spotify exec: ‘Radio is of the past. It’s not relevant’

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Is music-streaming the new radio? At least one Spotify executive has escalated the idea to declare radio’s obituary.

“Radio is of the past – it’s not relevant,” said Austin Kramer, the global head of dance & electronic music at Spotify, during a panel on playlists at Paris Electronic Week. “We are getting information [on tracks] 24 hours after their placement [on playlists]. Radio can’t do that.”

The former SiriusXM staffer added: “Being from radio, it’s sad to say, but that’s really the truth of it. There are certain companies in the US like CBS that say they do look at Spotify. I think it’s just a matter of time before radio either adopts that philosophy and admit they are looking at things like Shazam and Spotify, or they die.”

Source: musically.com

Applications now OPEN for 12 Points 2017 in Aarhus, Denmark 

2 Points, the dynamic festival of young European jazz, is on the hunt for 12 of the best and brightest young acts to take part in the 11th edition of this award-winning festival next July in Aarhus, Denmark, in association with the Aarhus Jazz Festival and JazzDanmark, as part of the 2017 Aarhus European Capital of Culture.

Source: www.12points.ie

Les Bronzés font du rock 

Mercredi s’est ouverte à Cargèse, en Corse, la première édition du Fly Away Festival qui a décidé d’exporter en bord de Méditerranée le rock belge.

Source: blog.lesoir.be

The Orchard inks exclusive partnership with Baidu owner TMG in China

Sony-owned The Orchard has entered into an exclusive partnership with Taihe Music Group (TMG), the largest label group and music service provider in China.

The deal will see The Orchard’s complete music catalogue made available on services including Ali Music, Kugou, Kuwo, NetEase Cloud Music, QQ Music and Baidu Music, which TMG owns.

In return, The Orchard will look after TMG’s local catalogue internationally outside of China.

Source: www.musicbusinessworldwide.com

Apple Music helps US recorded music market grow 8.1% in first half of 2016

Revenue from subscription music services more than doubled in the US in the first half of 2016 – driving overall market growth of 8.1%.

According to new figures from the RIAA, paid-for on-demand platforms like Apple Music and Spotify Premium generated revenues of $1.013bn in the six month period – growth of 112%, and enough to offset declines from downloads, CDs and vinyl sales. (Yes, we’re afraid so: vinyl revenues fell.)

The jump in subscription revenue is promising but predictable: last year’s figures barely included cash from Apple Music, which launched on June 30, 2015.

Largely thanks to that launch (as well as Jay Z’s Tidal), the value of the average paid-for US monthly music subscription has gone up: from $8.77 in the first half of 2015 to $9.23 in the equivalent period of this year.

At the same time, the number of people paying for a subscription music service in H1 2016 grew 101% to 18.3m, up from 9.1m the year before.

Total six-month US recorded music industry revenues jumped up by more than $250m to $3.43bn on a retail basis in H1 2016.

Source: www.musicbusinessworldwide.com