The next Music Network meeting will be on Thursday 27th March 2014. The Meeting starts at 4pm and will finish at 5.30pm at Birmingham City University, Millennium Point, Curzon Street, Birmingham, B4 7XG.
IFPI and RIAA 2013 Music Sales Figures – There are positive signs but overall they make for troubling reading. Total sales were down 3.9%. Based on 2012 numbers the trend suggested that 2013 revenues should have registered a 2% growth, so that is a -6% swing in momentum. Digital grew by 4.3% which was not enough to offset the impact of declining CD sales, which has been the story every year since 2000 except last. Download sales declined by 1%. Continued competition from apps and other entertainment, coupled with subscriptions poaching the most valuable download buyers is finally taking its toll. Subscriptions up by 51%: An impressively strong year for subscriptions but not enough to make the digital increase bigger than the physical decline on a global basis nor in key markets, including the US. Read it all in full here
The Death of the Long Tail: MUSICIANS MUST READ: 1% of Artists earn 77% of the income…..
Anyone involved in Music in the region is welcome to attend, its free and there will be tea and coffee provided.Read minutes from previous meetings here: http://birminghammusicnetwork.com/category/minutes/