The value of unlicensed music trafficked on P2P networks in 2007 was $69 billion, according to new MultiMedia Intelligence research, though the researchers warn the value shouldn’t be seen as lost revenue but instead reflects the “fair value” on a per–track basis of traded music files.
“A $69 billion figure is staggering to contemplate, but it effectively illustrates the impact of piracy on the music industry,” according to Rick Sizemore of MultiMedia Intelligence.
Polydor’s head of digital Paul Smernicki says the label is pleased with the performance of its recently released Snow Patrol iPhone application, which promoted the band’s new album. “We’re relatively pleased with the results,” he exclusively told Music Ally, Distorted Loop can reveal.
The executive also noted that the release of the software did help generate interest in the band’s latest album, ‘A Hundred Million Suns’.
Music labels face the inevitable counter-punch to their years of merciless litigation against file-sharers in the US courts, with the coalition of the willing beginning to show significant cracks as key players reconsider their support for the RIAA.
A huge salvo was sent across the music industry bows this week, when the judge in the famed Napster case, Judge Miriam Hall Patel, calling for major copyright reforms,
Her plan includes a new public/private body to preside over the licensing and enforcement of copyright, Listening Post informs.
Music Ally will this month pitch two world class speakers against each other in a unique mock-trial on the promise of the mobile music industry.
Titled “Mobile Music in the Dock” the event promises to put the claims made by the mobile industry about mobile music on trial. Speakers will be Mobile Entertainment Forum chairman Ralph Simon and Sibelius Software’s Jeremy Silver acting as defence and prosecution respectively.
Way back we warned that you should expect a wave of iPhone applications from musicians promoting new albums, now Fall Out Boy has joined Snow Patrol, Pink, David Cook and the Nine Inch Nails in making a music-focused pitch at fans using the Apple device.
The much-publicised cosy deal between the BPI, Ofcom and the ISPs has raised howls from civil rights campaigners – who quite rightly protest that music consumers have had no voice in these discussions.
The Open Rights Group (ORG) has submitted its response to the Department for Business, Enterprise and Regulatory Reform’s consultation into legislative options to tackle illicit peer to peer file-sharing, warning of muddy thinking throughout the proposals made so far.
A report claims Warner Music has a new plan for its business – and it’s quite a practical viewpoint the company is reportedly adopting – it’s moving to become an international music marketing company.
To quote the Bangkok Post: “After struggling for several years, Warner Music Thailand has introduced a new business model to cope with the plummeting sales of its physical products, but the company describes the model as only the first step in finding a definitive response to its business challenges.
iTunes remains the most well-known digital music brand, while pursued by Rhapsody and Amazon, though MySpace and Last.fm seem surprisingly less well-known, and the mindshare of Napster, Wal-Mart and Yahoo continues to decline.
We7 CEO and co-founder Steve Purdham is over the moon at achieving a BT Digital Music Award, but warns that the industry remains under threat – even at this stage in its evolution.
“The digital world is about to go through another upheaval with 1 billion streams on MySpace Music, We7 Launching in November and Apple threatening to pull the plug,” he said, speaking to Distorted Loop just in advance of the revelation of the royalty deal for publishing in the US announced last night.
Despite the hubbub of activity, Purdham thinks there’s still significant challenges to the development of the digital music industry.
“All of this activity shows two things, first the demand for digital music is outstanding and if allowed to flourish will build a very healthy business for artists, labels and fans alike,” he said, warning, “but at the same time the fundamental economics of the industry are still trying to kill off the opportunity rather that allowing it to grow.” Continue reading →