New report says indie labels aren’t complaining about music streaming

music streaming

Say what you want about music streaming services, turns out indie music labels aren’t complaining.

The adoption and subsequent growth in revenue generated from music streaming is nothing short of staggering. Spotify has 24 million active users and 6 million paying users. And with music streaming services like Rdio, iHeartRadio, Pandora, Music Unlimited, and Rhapsody, there are globally as many as 20 million users who are reportedly paying – a 44 percent bump in 2012 – according to the IFPI’s Digital Music report 2013.

In fact the market penetration of music streaming is considerably high. 62 percent of Internet users have used a digital music service before, and 81 percent of users between the ages of 16 and 24 used a digital music service in 2012.

So how does this contribute to lining the pockets of the music labels on board with streaming services?

The revenue generated from digital revenues jumped 9 percent to $5.6 billion in 2012, with as much as 10 percent of digital revenue the same year made up of subscription streaming services. More importantly, 92.11 percent of respondents (based on a survey of 20,000 music labels conducted by music rights agency Merlin) reported streaming and subscription revenue bumps between 2011 and 2012. To break things down a little more, 33.33 percent of respondents saw an increase of over 100 percent, while just 7.02 percent’s streaming revenue remained unchanged, and only 0.88 percent of respondents saw a decrease in streaming revenue.

All of this, including download revenue, which 63.87 percent of respondents reported increased, 73.04 percent of respondents saw an increase in total business revenue. All-in-all, the report suggests that changes in the music consumption habits are benefiting labels. 

Digital music has gotten rid or decreased physical costs like vinyl, cassettes, and CDs. Now with digital distribution and digitized music, those costs have been counterbalanced. The Merlin report notes that now music fans have far more avenues to discover new music. They’re not just limited to visiting the local music shop, or opening up a Billboard magazine, so overall we’re consuming more music and becoming interested in more acts and artists we’re willing to pay money for.

“Freedom of choice created by limitless ‘shelf’ space and a proliferation of social media taste maker filters is leading fans, no longer herded by the expensive, tightly controlled media channels and store fronts of physical retail, to discover and enjoy more music than ever.”

The report adds, “The nature new generation services have put a lot of the control back into the hands of the rights owners.”

Home Theater

Amazon’s free Spotify competitor is here. Just ask Alexa

Just ask Alexa to play your favorite song. Amazon has launched a free, ad-based music streaming service to compete with Spotify's free tier on its popular Echo devices, aiming to bolster subscriptions to Amazon Music Unlimited.
Computing

Here's how you can download the best free music players for your Mac

Tired of your Mac's default music player? Take a look at our picks for the best free music players available for your Apple rig. Whether you're a casual listener or an audiophile, you're sure to find something that fits your needs here.
Trash

The best MP3 players of 2018 cram tons of music into a small package

Want to go for a run, but your phone is weighing you down? Don't sweat it. Can't fit your whole music library on your smartphone? No worries. Check out our list of the best MP3 players, and find one that works for you.
Deals

The best sound machines to help you fall (and stay) asleep

Whether you find that sleep better with white noise, rain sounds, or deep sleep music, there’s a sound machine on the market that will be able to help you catch more z’s in no time at all.
Social Media

Looking to officially rid your inbox of Facebook messages? Here's how

Deleting messages from Facebook Messenger is almost as easy as scrolling through your News Feed. Here, we show you how to delete an entire conversation or a single message, both of which take seconds.
Social Media

LinkedIn: Now you can express love, curiosity, and more with new Reactions

LinkedIn is following in the footsteps of Facebook (three years later!) with the rollout of new reactions that give users more ways to express themselves when responding to posts in their feed.
Social Media

Twitter’s experimental Twttr app is even more popular than the real thing

Twttr, the new app that lets regular Twitter users test new features, is proving more popular than the main app, according to the company. The revelation suggests some of the innovations may land for all Twitter users soon.
Social Media

Messenger and Facebook, together again? Facebook tests integrating chats

Longing for the old days where Facebook and Messenger were one app? Facebook is testing an integrated chat option. While Messenger remains more feature-rich, the test brings some chat functionality back into the Facebook app.
Social Media

How to download Instagram Stories on iOS, Android, and desktop

Curious about how to save someone's Instagram Story to your phone? Lucky for you, it can be done -- but it does take a few extra steps. Here's what you need to know to save Instagram Stories on both iOS and Android.
Social Media

Facebook, Instagram, and WhatsApp went down worldwide for 2 hours this morning

Chaos erupted on the internet this morning, as Facebook, Instagram, and Whatsapp all went down from 6:30 a.m. to approximately 9 a.m. Thousands of users were unable to access the sites or send or receive Whatsapp messages.
Mobile

Skype screen sharing for mobile will let you share your swipes on dating apps

Skype is prepping the launch of screen sharing for mobile so you can share your swipes on dating apps, shop with buddies, or, perhaps, show a PowerPoint presentation to coworkers. It's in beta just now, but anyone can try it.
Social Media

Facebook toys with mixing Stories and News Feed into one swipeable carousel

Facebook's News Feed could look a lot like Stories if a prototype the social media giant is working on rolls out to users. The design change mixes Stories and News Feed posts into a full-screen slideshow that users swipe left to navigate.
Social Media

No more moon showers as Facebook Messenger’s dark mode gets official rollout

Facebook Messenger launched a dark mode last month, but to activate it you had to message the crescent moon to someone. Now it's been rolled out officially, and it can be accessed in a far more sensible way — via settings.
News

Twitter has revealed a launch date for its handy hide replies features

Twitter has revealed a launch date for a feature that lets users hide replies to their tweets. The hope is that it will help the original poster filter out offensive or irrelevant content from conversation threads.