Well, we are nearing the end of the year 2023, which has involved massive upheaval in the music business globally. This post is a reflection of events with a few predictions for the future of the music business and technology in a world where change is occurring daily.
Alright, everybody, we're about to dive into the wacky world of music streaming payouts! You know, that mystical land where artists get paid in fractions of a cent for making us jam and where Drake is king.
The recent Universal Music Group-brokered deal with the French music streaming service, Deezer, has been the subject of much debate. Martin Mills of Beggars Group, Darius Van Arman of Secretly Distribution, Stephan Bourdoiseau of Wagram Stories, and Emmanuel de Buretel of Because Music joined forces in a post in Music Ally that confronts the pros and cons of the user-centric versus pro-rata streaming models.
The music streaming industry has witnessed remarkable growth over the past decade, with streaming services becoming the primary mode of music consumption for millions worldwide. However, with rapid expansion come concerns of potential market saturation and challenges related to subscription models.
Researchers in sunny California have turned the age-old question of "Can machines predict hit songs?" into a musical rollercoaster ride. Forget about musical fortune tellers; these scientists at Claremont Graduate University have put AI to the test, trying to predict the next chart-topping hit with the help of your heart rate.
Digital music company Believe and streaming platform TuneCore shared the results of their survey on generative AI. About 1600 self-releasing artists were interviewed and asked to express their opinions on the potential benefits of the technology.
