The Times Labs blog takes a hard look at the data on music sales and live performances and concludes that while the labels' profits might be falling, artists
are taking in more money, thanks to the booming growth of live shows. The Times says that they'd like more granular data about who's making all the money from concerts -- is there a category of act that's a real winner here? -- but the trend seems clear. The 21st century music scene is the best world ever for some musicians and music-industry businesses, and the worst for others. Which raises the question: is it really copyright law's job to make sure that last years winners keep on winning? Or is it enough to ensure that there will always be winners?
The graph the record industry doesn't want you to see
Why live revenues have grown so stridently is beyond the scope of this article, but our data - compiled from a PRS for Music report and the BPI - make two things clear: one, that the growth in live revenue shows no signs of slowing and two, that live is by far and away the most lucrative section of industry revenue for artists themselves, because they retain such a big percentage of the money from ticket sales.
(It's often claimed that live revenues are only/mostly benefitting so-called 'heritage acts'. Unfortunately, the data doesn't shed any light on this because live revenues are not broken down by type of act, gig size or ticket price.)..
It's interesting too that, overall, industry revenues have grown in the period - though admittedly not by much - which arguably adds strength to the notion that, when the BPI releases its annual report claiming how much 'the music industry' has suffered from the growth in illegal file-sharing, what it perhaps should be saying is how much the record labels have suffered.
(via We Make Money Not Art
In the late 1960s and 1970s, the mind-expanding modus operandi of the counterculture spread into the realm of science, and shit got wonderfully weird. Neurophysiologist John Lilly tried to talk with dolphins. Physicist Peter Phillips launched a parapsychology lab at Washington University. Princeton physicist Gerard O’Neill became an evangelist for space colonies. Groovy Science: Knowledge, […]
In a lead editorial in the current Nature, John Wilbanks (formerly head of Science Commons, now “Chief Commons Officer” for Sage Bionetworks) and Eric Topol (professor of genomics at the Scripps Institute) decry the mass privatization of health data by tech startups, who’re using a combination of side-deals with health authorities/insurers and technological lockups to […]
The Wall Street Journal reports that storytellers—people with a natural inclination to craft concise yet compelling narratives without rambling—were found to be hot by science. Feels good to be a writa. The results were the same across all three studies: Women rated men who were good storytellers as more attractive and desirable as potential long-term […]
Having to pack and drag your stuff through security can put quite the damper on your vacation plans. Thankfully, we’ve got your back with one way to make traveling more painless: the Jumper Overnighter Travel Bag.This compact bag is so lightweight that you can effortlessly carry it, and fit it into any overhead compartment. But just […]
Learning is a 24/7/365 proposition, and it never ends. And if you’re truly serious about leveling up your skill sets and career prospects, get a subscription to Stone River Academy’s massive course collection. This offer normally is worth over $1,400, but is now available for just $89 in the Boing Boing Store.A respected name in information technology […]
Home audio has taken some big leaps forward in recent years–not just in terms of sound quality, but also in the style department. The FRESHeBAR Leather Soundbar, now 56% off in the Boing Boing Store, is proof.The FRESHeBAR comes packing almost all the options you’d ever need for a home sound system, including Bluetooth streaming capabilities.The unit’s 90 […]