|Policy
It is all but impossible to miss the signs of the far-reaching impact of the internet: the near-ubiquitousness of mobile phones and other connected devices; the billions of times daily that these devices are checked and the number of hours Americans spend “on screen”; the growth of digital media; the prominent role of social networks…
On May 14, 2018, the MIC Coalition sent the following letter to Assistant Attorney General Makan Delrahim urging the Department of Justice to leave in place the important protections in the ASCAP and BMI consent decrees that help maintain efficient licensing for music users and fair compensation to music creators.
Rarely does a century-old musical instrument drive policy in Washington, but that’s exactly what’s happening in the music community at this moment. Everyone from Internet Association (IA) members to artists to record labels are supporting a new piece of legislation called the Music Modernization Act (MMA), that will help bring music licensing into the digital…
One of the largest music streaming services will create 250 jobs in Atlanta.
2017 was a stellar year for the recorded music business. Global recorded music revenues reached $17.4 billion in 2017 in trade values, up from $16 billion in 2016, an annual growth rate of 8.5%. That $1.4 billion of growth puts the global total just below 2008 levels ($17.7 billion) meaning that the decline wrought through…
The music industry is streaming forward. In 2017, we saw an astounding 63 percent increase in subscription streaming revenue.1 Both subscription and advertising-supported music services saw significant increases in revenue earned and royalties generated. Thanks to streaming, the industry is poised for sustained growth in the future. DiMA members
U.S. digital revenue grew 15 percent in 2017 to $6.5 billion from $5.65 billion, driven largely by a 53 percent increase in streaming to $3.4 billion from 2016’s total of $2.2 billion.
On average, between 60% and 73% of all data within an organization doesn’t get used for analytics, according to a 2016 survey by Forrester. The same report also stated that “the potential of most data lies dormant.”
After a 20-year decline, we are seeing growth—in fact, double-digit growth. Music is being created and consumed at a higher rate than ever before.
Research from The Smart Audio Report Fall/Winter 2017 revealed how voice activation in the home is fueling adoption of smart technology broadly – including smart home applications – and affecting how often consumers engage with other platforms throughout the day, including television.