UK Musicians Earn More from Vinyl Sales than YouTube Added: Sunday, May 22nd, 2016
Category: Bit Torrent Freedom > The Industries Of Records, Gaming, Software, Movies
Tags:ET, p2p, Torrent, Piracy, Peer To Peer, Network, Hackers, Internet, BitTorrent, Google, utorrent, bitcomet, extratorrent, www.extratorrent.cc, 2016
Growing sales of music on vinyl brought more income for UK artists than YouTube in 2015: vinyl sales grew for the 8th consecutive year with more than 2 million LPs sold in the United Kingdom. This is the most since at least 1994
In the meantime, proceeds from advertising-funded streaming services like YouTube don’t match the surge in popularity of British music. Indeed, YouTube and similar operators generated only £24.4m to music industry, despite an 88% increase in streams. Labels earned £25.1m from the sale of vinyl LPs last year. In their turn, both vinyl sales and ad-funded streaming represent relatively small parts of the industry revenues generated by streaming and sales of recorded music, which totaled to £688m in 2015.
It can be seen that YouTube paid lower royalties than subscription audio streaming services like Spotify and Deezer, which contributed £146.1m last year. In response, YouTube said that the music industry lost millions of dollars as piracy rates soared, while its rights management system granted copyright owners complete control of their music on the streaming service, so they could easily decide whether to remove content from YouTube or profit from it. Google’s streaming service also explained that revenue from Content ID represented half of what they pay out annually, and pointed out that ad-supported music streaming allowed to generate revenue from an audience that has never before paid for music.
Taking about subscription, audio-only streaming services, they grew 82% in 2015 and totaled to 26.6bn plays in the United Kingdom. Video streams on websites such as YouTube and Vevo were approximately the same, which made it a combined total of nearly 54bn plays. As a result, with more people streaming content than buying it, the drop in digital downloads accelerated, falling by 13.5%. In the meantime, total album sales fell by 6.2%, although the fall in the CD market was less marked last year than before.
UK musicians also accounted for 70% bestsellers in the country. Adele’s album led the global bestseller list with 17.4 million copies sold, of which 2.5 million were sold in the United Kingdom. British artists took a record 17% share of the global market, making half of the global top 10, including Ed Sheeran, One Direction, Sam Smith and Coldplay. Posted by:
Sunday, May 22nd, 2016
|Because Google keeps most ad money for itself. Duh.|
|Vinyl will never die just like the 1210's their played on.|
|That's a stupid comparison. Youtube is one streaming platform. That would be like saying one "store" sold so many "LPs". So it's amazing that just 1 streaming site almost outperformed all vinyl sales.|
|Those with the biggest greed will never stop. It would be easier to sober up drunks. Than to slow down the greed of the RIIA MPAA ect. They want complete control anything less is fail.|
|posted by (2016-05-26 11:07:06)|
|I think that jeremy2020z, post nº 3, got it perfectly. I agree that it's quite amazing that just one streaming site made as much money as the total of vinyl sales.||
Most Popular Stories