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?
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.
The graph the record industry doesn't want you to see
(via We Make Money Not Art)
Scientists drilled into the Chixclub crater in the Gulf of Mexico to learn more about the end of the mesozoic era. They learned more than they expected, reports Katherine Kornei in The New York Times. The first day of the Cenozoic was peppered with cataclysms. When the asteroid struck, it temporarily carved a hole 60 […]
Get over it! Despite the mockers and complainers, and even attempts to make it illegal to perambulate while looking at your own damned phone, science concludes that the risks of it are negligible. As part of the mandated study, the DOT conducted an in-depth review of written crash narratives in the city between 2014 and […]
Typically, marine photography is done in rich, saturated color — the better to show off the riot of life beneath the waves. But the photographer Christian Vizl has done it in high-contrast black and white, producing eerily intense ways of re-seeing marine life. You can see the work on his site, and in his new […]
If you’re part of the maker community, you know Make:. Though Make: magazine is off the shelves as of this year, the eBooks and resources put out by Maker Media are still a fantastic resource for the new generation of tinkerers, hackers, and robotics geeks. If you’re in that tribe, listen up: they’ve released a […]
Life isn’t getting any less hectic, and pressure cookers are a quick, healthy solution for a growing number of kitchens. But if you thought your Instant Pot was versatile, there’s a major upgrade on the market: The Yedi 9-in-1 Total Package Instant Programmable Pressure Cooker. If you’ve somehow never used a pressure cooker before, try […]
When it comes to data analytics or deep learning, there’s one language behind the apps and algorithms that power the biggest companies of today: Python. The best part about this tool is that as versatile as it is, it’s actually fairly easy to learn. But mastery? For that, you need more than just a beginners’ […]