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| Mobile Music $'s To Hit $5.5B By 2013, But Ad-Supported Could See Shortfalls | |
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Despite the global recession, revenues from streamed mobile music services and full-track downloads are expected to exhibit strong growth over the next 5 years, according to a new report from Juniper Research. The report, however, found that those music services launched using an ad-funded model face a potential shortfall of as much as 50% to reductions in ad budgets. "...we’re now seeing a surge in the adoption of more sophisticated offerings. Recent positive developments, such as Apple announcing that iPhone customers can use the 3G network to download full-tracks, will offer a further stimulus to growth...."
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| Azoff On Ticketing, Live Nation & The State Of Record Business | |
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"....According to Azoff, the declines in the CD sales have been particularly alarming, most notably in regards to back catalog sales. "Recorded music, which used to be the biggest revenue source, is down
"...Azoff also talked about the changing dynamic of the music industry, describing it as a "demonetization" of the business. Azoff, also a manager for acts such as The Eagles and Christine Aguilera, described artists walking into his office, "who used to make $300,000 to $500,000 a year in royalties [via recorded music]. And now that’s diminished to less than $50,000" .....
Full video Interview here... Ticketmaster Entertainment CEO Irving Azoff |
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| From NY – The Independent Music Awards Presents | |
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3 IMA artists, Richard Julian,
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Combined revenues from these services are expected to more than double from $2.5 billion in 2009 to nearly $5.5 billion in 2013.






