VAULT Projects $10B Market for Digital Music Collectible Format; Taylor Swift's New Release Breaks Spotify Records
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— VAULT projects $10bn market for Digital Music Collectible format
VAULT has set a clear target for its Digital Music Collectible (DMC) format, predicting that it will rival vinyl sales in the coming years – and establish itself as a $10 billion industry long term.
VAULT’s DMCs may well have been called NFTs a few months ago. Marketed as “rich-media box sets”, they offer fans exclusive authenticated content from artists such as archival recordings, track-by-track commentary, videos, and voice memos.
— Queen shows no sign of fading into history as band’s earnings jump 4.3% to $50m in 2022
British rockers Queen saw a serious spike in their earnings in recent years, owing in no small part to the success of the Oscar-winning 2018 biopic Bohemian Rhapsody.
Nearly half a decade down the road from that movie’s release, one would think the band’s earnings would be dropping back down again. Not so.
— Mobile music games publisher Amanotes passes 3bn downloads
Amanotes is the Singapore-headquartered mobile games firm that focuses on music games, and whose deals with labels including YG Entertainment and Monstercat we’ve written about in the past. Now it has reached a major milestone: more than 3bn downloads of its games.
— Taylor Swift's Speak Now (Taylor's Version) breaks Spotify records
Taylor Swift’s highly-anticipated album, Speak Now (Taylor’s Version), has already taken over the internet and Spotify.
The record, released just three days ago, has become Spotify’s most-streamed album in a single day this year and the most-streamed country album in a single day in Spotify history.
— AI Can Hurt, Hinder or (Hopefully) Help the Music Business
The music industry is once again at the forefront of technological change, the canary in the digital coalmine, this time with artificial intelligence. AI capabilities are evolving at lightning speed, and we as an industry have a window of time to figure out how to harness its power.
— The Future of DJing has Arrived
The Connected DJ Booth is now becoming a reality.
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