Latest Music Business News

Recent studies about the music business show that the music business is rapidly working on changing how we see music. With each year, music in general has gained a significant influence on our lives and most importantly, on the entertainment business.

What we were really amazed by from the music industry trends is the exponential growth of Spotify. It grew so much, it is now a music-making platform, especially ever since it bought New York’s Soundbetter.

Another really cool thing from the music business news is that there are huge changes making the history of Spotify. So much, that even their chief accountant – Luca Baratta left the firm.

On the subject of online music, we were shocked to see that Apple wanted to improve the songwriter pay for streams, however, this idea didn’t go well with Spotify nor Google. Is it going to change in the future – we are yet to see that.

 

One of the latest music industry trends and overall trends in other businesses is adding visualization to the sound, thus making better and greater video clips for each song. And with the speed of the development of music industry, this shouldn’t be too surprising. The truth of the matter is, Cloud Computing is the next generation of storage and playback for music. We keep on sharing and distributing music easily, and thanks to Big Data sources, everyone, from anywhere in the world can listen to the most popular artists.

Other very important music industry trends that show to where the future will go in the music business is the changing of conventional revenues and receipts of royalties for artists. When the music is distributed online by anyone and nobody actually buys it, the royalties seem redundant.

The important effect on the music industry business registers as traditional-classic innovation. Although it doesn’t destroy the music industry, it redefines it. This is exactly why young companies like Soundcloud for example, have been valued at more than 700 million dollars.

These companies are really successful because they changed the rules in the music industry and found a way to sell the audio digital content – through ads and innovative booking platforms for the artists.

Although the music industry trends are changing, the significance of movie and video game soundtracks never goes out of business. This is why, we can all remember some of the most important and reputable video game soundtracks. If you want to explore this field, we’ve combined a list of the best ones you should know of: