
The Official Funky Management Blog Based in the Washington, DC Metropolitan area, we are an artist management and representation company dedicated to discovering, developing and delivering exceptional talent to the world.
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Rock The Bells Is The Biggest Hip-hop Music Festival On The Planet! It Will Already Feature A Who's Who
Rock The Bells is the biggest hip-hop music festival on the planet! It will already feature a who's who in hip-hop including the Wu-Tang Clan, Black Hippy, J. Cole, Big Sean, Common, A$AP Mob and, of course, DMV's own Wale and Logic but who's next?
93.9 WKYS wants to give a chance for the DMV's next rap phenomenon to perform at Rock The Bells and take their career to the next level.
Click HERE for submission info.
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Digital download sales are likely to increase again in 2013. But by one measure, downloads actually peaked in 2011. Download sales accounted for 73% of digital revenues in 2011 and fell to 70% last year, according to annual shipments tracked by the Recording Industry Association of America (RIAA). Not that download sales have declined over the years. Track and digital album sales have each grown every year since the RIAA began reporting them in 2004. As a percent of total revenue -- counting both physical and digital revenue as well as synchronization royalties -- download sales rose to 40% from 36% in 2011; 31% in 2010; and 24% in 2009. Nor have download sales declined in dollars. In fact, annual download sales continue to grow each year. Track and album sales grew by $235 million last year and gained a combined $912 million in the three-year period of 2010 through 2012. Download revenue is likely to grow again in 2013 by very low single digits. Yet new business models are eating into downloads' dominance. Services such as Spotify, Pandora and SiriusXM grew by $405 million in 2012 and $1.22 billion in the three-year period of 2010 through 2012 -- both much higher than downloads' gains. Another key factor: download sales growth has almost stalled this year after years of double-digit gains. But downloads' grip on digital revenues will ease over time because subscription and streaming services are experiencing high growth rates. Subscription and streaming services grew by 69% and 59% in 2011 and 2012, respectively. Royalties from services that pay royalties to SoundExchange -- such as Pandora, iHeartRadio and SiriusXM -- grew by 58% last year. The market is clearly shifting toward streaming services. The numbers suggest we may be beyond the tipping point.
Back in June Right Chord Music launched The Big Survey in association with Farida Guitars. Our aim was to better understand the realities of being a musician in 2013. The online survey was completed by 200 musicians, of which three-quarters were unsigned or independent. Two-thirds of the respondents reported they had released at least one single. The vast majority of respondents came from three countries: UK, Australia, and the USA.
Results highlight the increasing number of sites and services used by artists to promote their music. It’s no surprise that Facebook dominates, but it’s interesting to see the growing importance of Soundcloud and Bandcamp and the much heralded fall from grace of Myspace.
Just over one-half of the respondents reported paid live shows were the primary source of their monthly income. Digital download sales (13%) and CD sales (12%) were second and third respectively. Over six different incomes streams were reported. Although average incomes from live shows were not captured in this survey Right Chord Music would expect income from live shows at this level to be between £20-£50 per show, and a band to be playing a maximum of three paid shows within an average month. It’s clear once income is divided up between 3-4 band members and petrol, parking, hire, and rehearsal costs are factored in, income does not necessarily mean profit.
Bedroom and DIY culture is very much alive and kicking, with just under one-half (49%) of respondents reporting they record all of their music at home. Twenty-eight percent (28%) reported they record demos at home before heading to a professional studio to add a professional touch to their work.
To professionally promote music costs money, Right Chord Music estimates between £300-500 for online PR, and £600-£850 for radio plugging for a minimum of two months. Then there is press and TV, the cost continues to rise. Based on these costs, and their unsigned status, it is no surprise that the vast majority (87%) of respondents in this survey reported they have to promote their music themselves.
Respondents reported over seven different ways they sell their music, with selling CDs at live shows remaining the most popular sales channel. Bandcamp’s growing influence among the unsigned community is clear with as many respondents reporting they use Bandcamp as iTunes to sell their music. Ten percent (10%) of respondents reported they sell their music directly from Facebook.
When respondents were asked to highlight the biggest challenges they face as musicians two dominated: ‘Getting our music heard’ and ‘Making enough money.’ But equally noticeable is the large number of challenges they recognise and struggle to overcome. It is certainly not easy to be a musician in 2013.
To download your FREE copy of the full report visit: http://www.rightchordmusic.co.uk/faridaguitarresults