Spafax’s Post

Spafax has formed a partnership with Blokur, a subsidiary of Music Reports, a company that leverages new technologies to simplify music rights management. The system is expected to launch at the end of 2024, just before Spafax’s inflight entertainment rollout in early 2025. “Partnering with Blokur is an exciting step forward for us,” said Maura McWalters Chacko, SVP of Content Experience at Spafax. Click here to read more ➡️ https://ow.ly/O1G550UqS0S #aviationnews #IFE #spafax #airlinenews #inflighttechnology

How BIMTON Revolutionizes Music Distribution At BIMTON, we are redefining the music distribution landscape. Our mission is to empower artists, streamline processes, and create unparalleled opportunities for music to reach global audiences. We leverage cutting-edge technology and innovative strategies to ensure that every note, beat, and lyric finds its way to the right ears. Our Revolutionary Approach: Advanced Analytics: We provide artists with deep insights into their audience engagement, helping them make data-driven decisions to optimize their reach and impact. Global Network: BIMTON’s extensive distribution network spans across all major platforms, enabling artists to connect with listeners around the world effortlessly. Multi-Language Distribution: We break down language barriers with our dubbing services, ensuring that your music resonates with diverse audiences globally. Creative Integration: From 2D and 3D animations to story-based content, we seamlessly integrate various forms of entertainment to enhance the reach and appeal of your music. Artist-Centric Services: Our platform is designed with the artist in mind, offering personalized support and tools that simplify the distribution process and maximize visibility. At BIMTON, we don't just distribute music; we revolutionize how it’s experienced. Join us and be a part of the future of music distribution. #musicdistribution

In 2023, Spain's recorded music industry experienced robust growth, reaching revenue of nearly 520 million euros ($567 million), marking a third consecutive year of double-digit increases. This growth was mainly driven by the digital market, which contributed 86% of music consumption, with streaming services leading at 99% of digital sales. Premium subscription models saw a 15% rise, reflecting consumer willingness to pay for enhanced music experiences. Despite positive trends, the industry aims to surpass pre-piracy-crisis revenue levels through continued investment in artist development and public sector support, as highlighted by PROMUSICAE's president, Antonio Guisasola. #Spain #musicindustry #musicbusiness

📢 New Report Out: "State of the Independent Music Economy – Fragmentation and Consolidation" The latest MIDiA Research report, State of the Independent Music Economy – Fragmentation and Consolidation, provides an in-depth look at the independent music sector, showcasing its growth and adaptability amidst the shifting dynamics of the streaming economy. Key insights include: Streaming Revenue: Streaming accounts for 54% of independent music revenue. However, 87% of labels report challenges in helping artists gain visibility, highlighting the need for innovative support strategies. Marketing Investments: Independent labels collectively invested $1.5 billion in marketing last year. Notably, smaller labels allocated a larger percentage of their revenue towards marketing efforts to enhance visibility. Revenue Growth: The independent sector experienced a 10.7% increase in revenue, reaching a market value of $10.4 billion. These insights underscore the evolving dynamics of the music industry and signal a need for new approaches to artist development and fan engagement. For a detailed analysis, access the full report here: https://lnkd.in/e5MDJ5mQ? #CSUNMIA #MusicIndustry #Streaming

🎵 Music.xxx - The Premier Domain for Exclusive Music and Entertainment is Now Available! 🎶 💡 Attention Musicians, Producers, and Entertainment Professionals! Elevate your online presence and create a leading platform for exclusive music and entertainment with the domain name Music.xxx! This powerful and memorable domain is perfect for professionals and businesses focused on producing, distributing, and promoting high-quality music content. 💎 Why Music.xxx is a Strategic Investment: ▪️ Distinctive and Memorable Branding: Music.xxx is short, easy to remember, and ideal for establishing a strong online identity. Its distinctive name is perfect for a platform focused on exclusive music and entertainment. ▪️ Versatility Across the Music Industry: Music.xxx caters to various aspects of the music industry, from production and live performances to digital content and event promotions. It offers the flexibility to develop content and services that appeal to a wide audience. ▪️ Global Appeal of .xxx Extension: The .xxx domain extension is widely recognized and adds a unique twist to your platform, ensuring it stands out in a competitive digital landscape. 📈 Capitalize on the Exclusive Music Market with Music.xxx: ▪️ Exclusive Music Production: Use Music.xxx to showcase exclusive music tracks, albums, and soundtracks. Highlight collaborations with top artists and producers in the industry. ▪️ Live Performances and Events: Develop a hub for organizing and promoting live music events, performances, and concerts. Provide ticketing, schedules, and event updates. ▪️ Digital Content Distribution: Offer a platform for distributing digital music content, including streaming services, downloads, and exclusive releases. Cater to the unique needs of music enthusiasts. ▪️ Community Engagement: Build an online community where musicians, producers, and fans can connect, share insights, and collaborate on projects. Foster a vibrant and interactive environment. 🔗 Secure Music.xxx today from leading domain marketplaces: ▪️ GoDaddy.com ▪️ SEDO.com ▪️ DAN.com ▪️ Afternic.com ▪️ primeTLD.com 🤝 Don't miss this opportunity to own a domain that perfectly aligns with the growing demand for exclusive music and entertainment. Invest in Music.xxx and lead the way in creating captivating music experiences! 🚀 #Music #xXx #Branding #DomainName #MusicProduction #LiveMusicEvents #DigitalMusic #Amsterdam #EntertainmentIndustry #ExclusiveMusic #MusicDistribution #OnlinePresence #IndustryInnovation #ExclusiveTracks #Concerts #MusicCommunity

The live music industry is booming. With a projected growth of USD $35.56 billion and a CAGR of 17.38% from 2023 to 2028, the live music market is experiencing unprecedented expansion. This surge is fueled by a combination of factors, including a rising preference for live events, more affordable premium tickets, and the widespread adoption of mobile ticketing apps. Consumers are increasingly seeking unique and immersive entertainment experiences, and live music offers just that. Technological advancements in event organization and ticketing platforms further enhance the overall experience. According to Pollstar, a company that has tracked the live entertainment industry for decades, the 100 largest tours of 2023 grossed more than $9 billion, exceeding the previous record, set in 2022, by almost 50 percent. The historic result was achieved thanks to a combination of factors, as ticket sales were up 18 percent despite a 23 percent increase in average ticket prices. The main driver behind the live music boom were a couple of blockbuster tours, however, most notably Taylor Swift’s record-breaking “Era’s Tour” and Beyoncé’s “Renaissance Tour”, which together with Bruce Springsteen’s latest world tour accounted for more than 20 percent of the global top 100 gross.

Luminate Data's Midyear Music Industry Report for 2024 has been released, offering valuable insights for artists, labels, and fans. The report highlights the factors influencing the future of music and reveals that the industry has seen significant growth, with global music revenue reaching $20 billion in the first half of the year. Streaming services now contribute to 75% of this revenue, and there has been a 30% increase in vinyl sales. 𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬:    𝐒𝐭𝐫𝐞𝐚𝐦𝐢𝐧𝐠 𝐂𝐨𝐧𝐭𝐢𝐧𝐮𝐞𝐬 𝐭𝐨 𝐃𝐨𝐦𝐢𝐧𝐚𝐭𝐞:      - 𝐆𝐫𝐨𝐰𝐭𝐡: Paid subscriptions surged by 18%, with 450M users.      - 𝐀𝐜𝐜𝐞𝐬𝐬𝐢𝐛𝐢𝐥𝐢𝐭𝐲: Ad-supported streaming increased by 22%, reaching         600M users.      - 𝐈𝐦𝐩𝐚𝐜𝐭: Streaming revenue now makes up 75% of the global music         industry's $12B income in H1 2024.    𝐓𝐡𝐞 𝐕𝐢𝐧𝐲𝐥 𝐑𝐞𝐯𝐢𝐯𝐚𝐥:      - 𝐒𝐚𝐥𝐞𝐬: Vinyl sales grew by 30%, with 25M units sold in H1 2024.      - 𝐘𝐨𝐮𝐧𝐠 𝐁𝐮𝐲𝐞𝐫𝐬: 40% of vinyl buyers are under 25.      - 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐢𝐭𝐲: 60% of sales are limited edition and special releases.     𝐆𝐥𝐨𝐛𝐚𝐥 𝐄𝐱𝐩𝐚𝐧𝐬𝐢𝐨𝐧:      - 𝐆𝐫𝐨𝐰𝐭𝐡: Music consumption in India, Brazil, and Nigeria grew by         35%.      - 𝐑𝐞𝐯𝐞𝐧𝐮𝐞: Emerging markets contribute 20% of global music         revenue, up from 15%.      - 𝐂𝐮𝐥𝐭𝐮𝐫𝐞: Cross-border collaborations increased by 50%, enriching         global music.     𝐀𝐈 𝐚𝐧𝐝 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 𝐈𝐧𝐭𝐞𝐠𝐫𝐚𝐭𝐢𝐨𝐧:      - 𝐂𝐫𝐞𝐚𝐭𝐢𝐨𝐧: AI-generated music usage increased by 40%.      - 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧: New tech reduced distribution costs by 25%.      - 𝐄𝐧𝐠𝐚𝐠𝐞𝐦𝐞𝐧𝐭: AI-powered recommendations improved user         engagement by 20%. 𝐖𝐡𝐲 𝐓𝐡𝐢𝐬 𝐌𝐚𝐭𝐭𝐞𝐫𝐬:    - 𝐅𝐨𝐫 𝐀𝐫𝐭𝐢𝐬𝐭𝐬: Understanding these trends can help artists navigate the complex landscape of music release strategies, audience engagement, and revenue generation. Leveraging streaming platforms, embracing physical formats like vinyl, and exploring new markets can provide diverse income streams and greater exposure.    - 𝐅𝐨𝐫 𝐋𝐚𝐛𝐞𝐥𝐬: Record labels can use this data to refine their marketing and distribution strategies, identify promising markets, and invest in technology that enhances both production and consumption.    - 𝐅𝐨𝐫 𝐅𝐚𝐧𝐬: Fans are at the heart of the industry, and these trends reflect the changing ways they consume music. Whether it’s through discovering new artists on streaming platforms or enjoying the tactile experience of vinyl, fans have more options than ever to engage with music. #MusicIndustry #Streaming #VinylRevival #GlobalMusic #AIMusic #MusicTrends #LuminateData #DigitalTransformation #MusicMarketing #EmergingMarkets

The live music industry is booming. With a projected growth of USD $35.56 billion and a CAGR of 17.38% from 2023 to 2028, the live music market is experiencing unprecedented expansion. This surge is fueled by a combination of factors, including a rising preference for live events, more affordable premium tickets, and the widespread adoption of mobile ticketing apps. Consumers are increasingly seeking unique and immersive entertainment experiences, and live music offers just that. Technological advancements in event organization and ticketing platforms further enhance the overall experience. According to Pollstar, a company that has tracked the live entertainment industry for decades, the 100 largest tours of 2023 grossed more than $9 billion, exceeding the previous record, set in 2022, by almost 50 percent. The historic result was achieved thanks to a combination of factors, as ticket sales were up 18 percent despite a 23 percent increase in average ticket prices. The main driver behind the live music boom were a couple of blockbuster tours, however, most notably Taylor Swift’s record-breaking “Era’s Tour” and Beyoncé’s “Renaissance Tour”, which together with Bruce Springsteen’s latest world tour accounted for more than 20 percent of the global top 100 gross.

“Independent creators account for almost 40% of the global music market and the growth of that sector shows no sign of slowing down. With this shift, global licensing and rights management solutions – including a centralized platform to handle administration, asset management, licensing, distribution and collections – are necessary to enable independent creators to grow and adapt to the market successfully.” Learn more about our division, Music Services, from John Josephson and Alexander Wolf's conversation with Music Ally.

⚡️⚡️ Music AI & Audible Magic Partner to Simplify Music Licensing Challenges Music AI, the company behind the popular Moises app, has teamed up with Audible Magic, a music identification technology company, to tackle a long-standing issue in film and television production: music licensing headaches. The partnership combines Music AI’s expertise in audio stem separation with Audible Magic’s content recognition system, offering tools to isolate music tracks, trace their origins, and decide whether to relicense or replace them. More 👇👇👇 #music #musicbusiness #musiclicensing #aiinmusic https://lnkd.in/dxsabY36