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IPFI 2023 Global Music Report Released

GLOBAL RECORDED MUSIC INDUSTRY REVENUES 1999
GLOBAL RECORDED MUSIC INDUSTRY REVENUES 1999 – 2022 (US$ BILLIONS) — IFPI Global Music Report 2023

The International Federation of the Phonographic Industry (IFPI) has released its 2023 Global Music Trends Report, providing crucial insights into the state of the music industry. The report is based on extensive research and analysis of data from around the world, covering all aspects of the music business, from streaming to physical sales.

The report highlights several key trends that are shaping the music industry. One of the most significant is the continued growth of streaming, with streaming revenues expected to reach $23.1 billion by 2023. This growth is being driven by the increasing adoption of streaming services by consumers around the world, with Asia and Africa expected to be the fastest-growing markets in the coming years.

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#BandcampFriday

#BandcampFriday

It’s #BandcampFriday again… revenue-share fees are waived! Bandcamp Fridays were started back in March to support artists impacted by the pandemic, and in the past few months the music community has come together in a huge way:  fans have bought more than $75 million worth of music and merch directly from artists and labels.
Visit: download.mikeshupp.com

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Recording Information Notification (RIN) Standard

On Oct. 10th, 2016, DDEX announced the completion of the long-awaited Recording Information Notification standard (RIN), addressing the need to restore sound recording metadata (credits, liner notes, artwork) in the age of digital distribution.

Avid Pro Tools® with Sound Credit Tracker Plug-in
Avid Pro Tools® with Sound Credit Tracker Plug-in

Sound Credit Tracker by Soundways, is a DAW plug-in that implements the RIN standard and allows users to enter and track performer and recording credits as they happen. Using the DDEX standard, the plug-in stores the metadata in a small, .RIN XML file, to be included and passed along with the project session files.

Ten years in the making, the RIN format comprises an XML file that standardizes the metadata describing all aspects of a recording project and sound recording. RIN is designed for Digital Audio Workstation (DAW) manufacturers to enable their users to capture and store essential metadata in a standard form at the point of creation of a musical work and/or sound recording.

Maureen Droney, Managing Director at The Recording Academy Producers & Engineers Wing (and a key member of the RIN Working Group) stated “RIN will facilitate crediting, ensuring that performers, producers, recording engineers are properly identified and paid for their contributions.”

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Recording Academy #BehindTheRecord

Join me in recognizing all music creators who work #BehindTheRecord, an initiative to #GiveCredit where credit is due. These are the amazing people behind the album This Time, thank you all — let’s celebrate creators & bring music credits back.
#WeAreMusic · Recording Academy/GRAMMYs

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CD Purchases via Bandcamp Store

https://www.facebook.com/MikeShuppPage/posts/4090278354322505
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#BandcampFriday

https://www.facebook.com/MikeShuppPage/posts/4050342588316082