It’s clear to me that 2018 - the year we’ve all been waiting for with grave anticipation - will revolutionize the music industry. It is clear that the world of the music industry is accelerating. So what does this mean for 2018?
For the third straight year, the U.S. music business is not only growing, it’s growing faster, as overall consumption hit 636.7 million equivalent album units in 2017, up 12.5 percent from 566.1 million in 2016, according to Nielsen Music.
On Wednesday (Jan. 3), it was revealed in court that Sony Music had reached a settlement in principle on streaming income with 19 Recordings, the entity started by Simon Fuller that represents the financial interests of American Idol stars like Kelly Clarkson, Clay Aiken and Carrie Underwood.
Napster and Voxtok, which recently joined the Netgem Group as its dedicated Sound Division for innovative musical entertainment in TV and audio sectors, are joining their expertise and complementary offerings to create a unique new musical experience based on multiple sources and contextualized services.