“I don’t give a shit about making money. I think rock music is junk. I am a genius. The Who were OK but without me they would have all ended up working in the flower market, or worse – in Led Zeppelin.”
A buzz worthy snippet from Pete Townshend, the guitarist/songwriter of English band, The Who. He was honoring UK’s John Peel at Britain’s Radio Festival 2011 and treated the audience to a funny, yet insightful, lecture on the state of the music industry and his response to the rise of the digital wave. During his speech, he touched on his inner artist’s battle which mirrors a lot of the problems artists tweet/rant about everyday in the blogosphere. The speech is definitely worth a read (transcript is available HERE). Let us know if you agree with what Pete has to say.
The New Mobile Generation
A new survey of mobile users by Nielsen found that not having a mobile friendly application or website means marketers are missing out on the 43% of smart phones users who may be looking for your content while they’re on-the-go. I’m not sure whether or not they polled how often users were using their phone for music-specific content or whether they have data plans that allow them constant access to mobile content, but Nielsen’s Q3 survey of mobile users showed that 62% of adults, 25-34 are smart phone subscribers, with the 18-24 and 35-44 demographics’ smart penetration rate at about 54%, which isn’t too bad.
Court Rules against UMG in a lawsuit that could pay artists millions
UMG (Universal Music Group) is facing the possibility of multiple class-action lawsuits by artists claiming they were cheated out of royalties on digital downloads and ring-tones. If this class-action suit moves forward, all UMG artists conceivably can be included in the lawsuits. Right now, the two cases pending are Rob Zombie and the estate of Rick James, with Chuck D joining the fight with his own lawsuit this week. Sounds like Occupy Universal is in full effect.
Live Nation Revenues falling
Concert earnings are down, but ticketing income on the rise? I thought ticketing income meant more earnings overall, but that doesn’t seem to be the case. Though there were more concert events and a posted increase in revenue derived from concerts and ticketing, Live Nation reported overall concert attendance declined by 5% to 15.6 million, leading to the overall decline in revenues.