Music Industry
U.S. Music Revenue Takes In $15.9 Billion In 2022, An All Time Record
The music industry continues to thrive and prosper. Last year music revenue took in nearly $16 billion in revenue. As per Variety the RIAA recently released 2022 Year End Report. Recorded music revenues in the U.S. in 2022 continued to grow for the seventh consecutive year. Total revenues grew 6% to a record high $15.9 billion […] The post U.S. Music Revenue Takes In $15.9 Billion In 2022, An All Time Record appeared first on The Latest Hip-Hop News, Music and Media | Hip-Hop Wired.
Rammstein Get Restraining Order Blocking Viagogo From Reselling Concert Tickets
Ticket resell websites infamously charge exorbitant rates to concerts and sporting events, and, like the rest of us, Rammstein have grown frustrated with the practice. As such, the German metal band have filed a restraining order against one such website, Viagogo, effectively blocking the platform from selling tickets to their shows. As Louder reports, the restraining order, actioned by the city of Hamburg, prevents Viagogo from reselling tickets to Rammstein’s upcoming 2023 European tour. “Buyers often do not realise that they are not buying their tickets from the organiser but on the secondary ticket market,” attorney Sebastian Ott said. “The legislature has recognised this deficiency and acted. We are pleased that the district court of Hamburg shares our opinion and consistently prohibi...
Mötley Crüe and Def Leppard Stadium Tour Grosses $173.5 Million
Def Leppard and Mötley Crüe’s co-headlining stadium tour brought in a whopping $173.5 million, making it the highest grossing tour of either band’s career. The highly anticipated outing finally took place in 2022 after being postponed twice due to the pandemic. The bill was utterly stacked, with the aforementioned headliners receiving support from fellow rock icons Poison and Joan Jett & The Blackhearts. Average ticket sales for each night were 37,520 — more than three times the draw that Def Leppard and Mötley Crüe had previously reached on their own — with an average nightly earning of $4.96 million. Advertisement Related Video Boston was the largest market, with the bands playing a two-night stand at Fenway Park on August 5th and 6th. A total of 64,000 tickets sold for $9.3 million ...
Accessible Festivals Launches Free Concert Program for Disabled Music Fans
Accessible Festivals, a non-profit organization focused on creating safe, inclusive, and equitable experiences in the live music and events space for individuals with disabilities, has introduced a new grant program that will provide free tickets to over two dozen activities this fall and beyond. The Dan Grover Memorial Ticket Grant Program offers disabled music fans and their loved ones complimentary access to events like concerts, festivals, and conventions while supplies last. Grant recipients include any individual impacted by newly acquired, temporary, or lifelong disabilities, with applications available here. Accessible Festivals already began the process of distributing free tickets earlier this year at festivals like Bottlerock Napa Valley, Electric Daisy Carnival, Lollapalooza, a...
Spotify Is Testing New Feature to Sell Concert Tickets Directly to Fans
It already feels like Spotify controls every aspect of the music industry, but the streaming service is still looking for ways to tighten its grip. Per Music Ally, Spotify is now testing a feature that sells concert tickets directly to fans. Spotify already has a Live Events tab on its mobile app that links users to external ticketing companies, and its “Fans First” initiative tips users off to tours by the artists they listen to most. But the new website, which is only in a test run, sells tickets under the Spotify name — with the company getting a cut of the booking fee. Spotify’s ticketing website is currently only available in the US and is offering tickets to Annie DiRusso, Tokimonsta, Osees, Dirty Honey, Limbeck, Crows and Four Years Strong. The available tickets come from the artist...
“Progressing Gender Representation In UK Dance Music”: A Look Into the Jaguar Foundation’s Report
On Wednesday, August 3rd, the Jaguar Foundation released a groundbreaking report, “Progressing Gender Representation in UK Dance Music,” which aims to better understand the gender balance among dance music artists and what can be done to improve it. Launched by U.K. broadcaster, DJ and journalist Jaguar, the foundation’s mission is to foster a more inclusive electronic music community. “We need this now, more than ever, to better understand the cavernous challenges that women and non-binary artists face every single day and to find positive solutions TOGETHER, so that we can collectively make the dance music industry a safer and more inclusive place,” shared Jaguar in an Instagram post. “We owe it to ourselves and we owe it to fut...
R.I.P. Mo Ostin, Legendary Record Executive Dead at 95
Mo Ostin, the legendary music executive who shepherded the likes of Jimi Hendrix, Prince, Madonna, and more to Warner Bros. Records over his three-decade tenure, has been confirmed dead from natural causes at 95. The longtime label head caught his first big break running Frank Sinatra’s Reprise Records until it was sold to Warner Bros. Records in 1963, subsequently launching his 31-year career with the purchasing company. His tenure began by personally signing The Kinks, which established Ostin’s reputation for attracting all types of industry innovators and rising talent. Under his stewardship, Warner signed Jimi Hendrix, Neil Young, Joni Mitchell, Paul Simon, Fleetwood Mac, Randy Newman, the Grateful Dead, R.E.M., Madonna, Tom Petty, Talking Heads, and Red Hot Chili Peppers. He served fo...
New York Moves to Ban Hidden Fees from Concert Tickets
New York State is working to save you from the heartache of spending way more on concert tickets than you originally anticipated. A new bill will ban hidden fees from concert tickets, requiring ticketing companies to show “all-in” ticket prices up front rather than letting them sneak up on you at the last minute. Via Stereogum, as of June 3rd the bill has passed the New York state senate and assembly and is awaiting Governor Kathy Hochul’s signature. Once signed, both primary and resale vendors will be required to disclose the final ticket cost on concert tickets’ initial listing, offering a more accurate picture of ticket pricing. What’s more, that final ticket cost cannot be printed in a smaller type size than the initial cost — a nod to the bill’s requirement that prices be displayed in...
Electronic Music Industry Tops $6 Billion In 2021, Makes Key Strides In Web3: IMS Business Report
According to the newly published annual IMS Business Report 2022, electronic music continues to have an optimistic growth trajectory in a variety of key areas. As a sector, electronic music was valued at $6 billion in 2021, which is up 71% from 2020, but down 20% from 2019. Throughout the report, encouraging signs of the industry bouncing back in the aftermath of the pandemic continue to be apparent. Metrics including the number of festivals that book electronic artists and the quantity of search results for flights to Ibiza are up significantly year-over-year, but there’s still ground to cover when it comes to achieving the pre-pandemic levels of 2019. While the world was in a variable state of lockdown over the last two years, dance music made key strides in the digital arena. In 1...
Red Hot Chili Peppers’ Unlimited Love Is Best Selling-Rock Album Since 2021
The numbers are in, and Red Hot Chili Peppers’ Unlimited Love is the best-selling rock album of 2022 — and beyond. With 97,500 equivalent album units earned, Chili Peppers’ 12th full-length debuted this week at the top of the Billboard 200 Albums chart. In doing so, Unlimited Love had the best selling week for any rock album in 16 months. The last rock album to move more copies was Paul McCartney’s McCartney III in January 2021. Unlimited Love also marks Chili Peppers’ first No. 1 album since 2006’s Stadium Arcadium. The common theme between those two releases? The presence of guitarist John Frusciante; Unlimited Love is Frusciante’s first album with the band since Stadium Arcadium. Advertisement Related Video Unlimited Love isn’t just a success in the US, as the album also debut at No. 1 ...
The Changing Role of a Music Distributor in 2022
Words by Clayton Durant and Alex Jeffrey. Music distribution is nothing new. Even since the earliest days of music, distribution has been a critical component for driving the recorded and publishing business. However, the function of the music distributor has changed over the past few years as technology, consolidation, and the emergence of new, well financed companies has forced many to ask: “What is the role of the music distributor in 2022?” Today’s music business has found the convergence of independent artists and distribution to be one of the most important areas of growth. According to MiDIA, independent labels and artists increased their combined streaming market share to 31.5% in 2021. This growth comes alongside RIAA’s annual year-end data, which noted that the record...
City of London Approves Terrifying, Gargantuan Spherical Music Venue
London sees your Flaming Lips bubble concert and raises you… one giant bubble. City planning authorities have given the green light to the MSG Sphere, a dauntingly futuristic-looking, 21,500-capacity arena that will become London’s largest indoor concert venue. Conceptualized by Madison Square Garden Entertainment Corp — the team behind the eponymous Manhattan arena — the MSG Sphere’s ball-shaped structure will boast a programmable LED exterior and gargantuan HD displays inside to give crowds “multi-sensory experiences.” Its planned features also include a separate 1,500-capacity venue for smaller artists, a 450-capacity restaurant and nightclub, retail spaces, cafes, and outdoor leisure areas. The Sphere will live on a nearly 5-acre plot of land MSG purchased in Stratford, right by Olympi...
