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RIAA Share Mid-Year Revenue Report


The RIAA have released the 2023 mid-year report:

In the first half of 2023, recorded music revenues continued to set new milestones and reflect the results of more than a decade of industry transformation. Total revenues grew 9.3% at estimated retail value to an all-time first half high of $8.4 billion. At wholesale value, revenues grew 8.3% to $5.3 billion. Paid subscriptions continued to be the strongest driver of revenue growth, increasing by more than $550 million and averaging nearly 96 million subscriptions during the period.

Jann Wenner Removed From Hall of Fame Board of Directors

Hall of Fame


Jann Wenner has been removed from the Rock & Roll Hall of Fame Foundation’s Board of Directors, a representative for the Hall of Fame confirmed to Pitchfork. The Rolling Stone founder has faced criticism for comments he made about Black and female musicians in an interview published yesterday in The New York Times, wherein he also admitted to letting interview subjects edit their own transcripts while at Rolling Stone.

Streaming Is Changing the Sound of Music

Wall Street Journal:

To keep the “skip rate” as low as possible, musical artists are increasingly moving a song’s hook or chorus to that initial 30-second sweet spot. Nate Sloan and Charlie Harding, the hosts of the “Switched on Pop” podcast, have coined the term “Pop Overture” to describe a new trend in which a song “will play a hint of the chorus in the first five to 10 seconds so that the hook is in your ear, hoping that you’ll stick around till about 30 seconds in when the full chorus eventually comes in.”

Creators are modifying more than just the introductory sections of tracks for optimal performance on streaming. Every track that is listened to for more than 30 seconds counts as a play, but whether a listener makes it all the way through a song helps to determine whether a streaming service like Spotify will recommend similar songs in the future. and merchandise.