The Verge reports that Google will unveil its new subscription music services tomorrow at the Google I/O conference, according to sources close to the company. In preparation for the announcement, Google has signed separate licensing deals with Universal Music Group and Sony Music Entertainment for both YouTube and Google Play. Read More
A new NPD Group report shows that while Apple iTunes still dominates the digital music download market with 63%, AmazonMP3 continued to increase its market share and now has over 22% of the market. . Read More
The IFPI published its annual Digital Music Report with some optimistic findings. Frances Moore, chief executive of IFPI said: "It is hard to remember a year for the recording industry that has begun with such a palpable buzz in the air.". Read More
Next Big Sound published its annual report on the State of Online Music with the following takeaway: "Last year was no exception – the growth of social networks, streaming services, online radio and digital downloads is unstoppable, opening up ever more avenues for fans to listen to, discover, and share new music. ". Read More 2 comments
A report published by Nielsen in collaboration with Billboard shows that U.S. music sales grew 3.1 percent in 2012 setting a new record for the music industry. . Read More 25 comments
London — EMI Group on Wednesday reported that its first-half revenues held firm at 960.3 million pounds ($1.63 billion), outperforming recorded music industry sales, which declined by 10.4% worldwide. Operating profit (EBITA) rose 0.9% to 79.7 million pounds ($135.4). EMI Chairman Eric Nicoli said that the group had made "good progress" during the first half, adding: "It is most encouraging that, in these extremely challenging industry conditions, both of our businesses — recorded music [...].