Based on a study by Pandora-owned music data analytics company, Next Big Sound, within the first six months of the year 2015, “music was streamed over one trillion times across various services.” The data was collected based on streaming platforms such as Spotify, YouTube, Radio, Vimeo, Vevo, Pandora, and SoundCloud – not including Apple Music and TIDAL. If these other services were included in data collection, there would definitely be increased streams. As the industry grows it is important to note that “streaming is the present and future of music consumption.”
In addition to Spotify and Apple Music, an alternative streaming service called Baboom – envisioned by Kim Dotcom – was recently launched this past Monday. What makes this streaming service unique is that it lets “independent artists keep 90% of the proceeds through its ‘Fair Trade Streaming’ agreement.” With two different tiers for signing up, this streaming service option is available on multiple platforms such as iOS and Android.
A yearly special issue magazine specific to publishing is on the horizon for Music Row in Nashville, TN. This magazine which is called MusicRow’s 2015 Publisher Issue is to be released this coming October including content such as a directory of Nashville music publishing companies, exclusive editorial content in regards to songwriters, and “other articles about the current state of music publishing and songwriting.” Definitely lookout for this insightful and informative magazine issue!