5 Things All Musicians Should Know

Dave Cool has some advice for music artists. He recently posted 5 things every musician should know on Bandzoogle.

  1. All songs have 2 different copyrights – one for the musical work and one for the sound recording.
  2. Every piece of music is automatically copyrighted as soon as it is written down or recorded.
  3. Register your songs with the copyright office anyway.
  4. There are special copyright laws for songs that are have two or more writers.
  5. Make sure you license all cover recordings. It’s easy to do.

 

For the detailed list see Bandzoogle.com

30% Still Purchase Downloads

According to Music Watch, one third of US consumers continue to purchase downloadable music, even as streaming sales rise.  Recording Industry Association of America recently released data showing that paid downloads made up for 37 percent of U.S. music revenues, while streaming only created 27 percent.

And while this trend continues, shifts have been seen in the market shares as well. As calculated by music watch “While 7 out of 10 music download buyers shopped at music download leader iTunes last year, the company also ceded market share to Amazon MP3 and Google Play” with Amazon and Google accounting for 19% and 11% respectively.

For details see the entire report at Music Watch

2014 Showed Dip in Sales

Although 2014 saw strong growth in music streaming, dips in music sales, both physical and digital led to a drop in music revenue as a whole. According to the International Federation of the Phonographic Industry’s (IFPI) annual “Digital Music Report”  global music industry sales in 2014 fell 0.4 percent to $14.97 billion, however many executives are optimistic.

According to Billboard “global digital revenues grew 6.9 percent to $6.85 billion in 2014, with revenues generated by subscription services alone climbing by 39 percent year-on-year, to total $1.57 billion. That growth was, however, offset by an 8.1 percent drop in physical sales and an 8 percent fall in download sales.“

This has been the second year of falling music sales since 2012’s 0.3 revenue increase (which had been the first year of growth since 1999.)

For the full article, see Billboard.com