Holiday music sales struggled in 2012, music startup investment climbed to $600 million, and reversion rights cases could significantly affect the music industry in 2013.
Music News 2012
Major events made 2012 a groundbreaking year in music, Nielsen acquired Arbitron to help it strengthen radio, and 30 potentially groundbreaking music technology startups prepared to hit Midem in January.
The BPI prepared to sue the Pirate Party, stats showed the phenomenal evolution of the industry, and an article examined how community building will be essential to rejuvenating the new music business.
Spotify reached five million paid subscribers worldwide and will expand as a music discovery platform, and writer Phil Rosenthal explored the what a legacy artist needs to do to survive the modern music industry.
Berklee College of Music released the results of a study about salaries in the music business, Vevo announced it generates more money for artists than any other music video platform, and LA Music Blog explored the benefits of social media for artists.
Google expanded its licensing agreements to include 5.5 million musical works in Europe, Universal prepared to sell EMI assets, and L.A. Weekly’s Music Issue celebrated DIY Music.
Artists debated the Internet Radio Fairness Act, the RIAA reacted to statistics labeling illegal downloaders as the biggest music fans, and BandPage debuted its new BandPage Connect tool.
Pandora sued ASCAP to lower the royalty rate it pays to music publishers and songwriters, analysts discussed how the results of the November 6 elections could impact the music industry, and Rolling Stone explored the many challenges for major label artists as they go the DIY route.
Google secured a deal with Warner and will launch Google Play in Europe, the F.B.T. Productions v. Aftermath lawsuit was finally settled, and Trent Reznor gave some sound advice to aspiring and established artists about developing their brands.
Streaming service Deezer revealed why it will avoid the U.S. market, Apple’s proposed new iRadio service was met with mixed reviews, and blues legend Walter Parks delivered business and artistic advice to aspiring musicians.