The music industry generated some impressive headlines this past week. From artists scalping their own tickets to bands partnering with P2P torrent sites, here are some of the more interesting stories from this past week in the music industry.
The Counting Crows Partnered with P2P service, BitTorrent
Yes, I’m sure you read that correctly. The Counting Crows, fronted by outspoken singer-songwriter Adam Durtiz, announced this week that they are releases a song bundle from their upcoming album through BitTorrent. It’s a surprise move considering the “Big Label” industry that brought Counting Crows fame, suffered significantly from illegal downloading and P2P file-sharing – common practices on sites like BitTorrent.
String Cheese Incident Scalped Their Own Tickets
The band gave 50 fans cash to buy $20,000 worth of STI tickets from Ticketmaster for their show in Los Angeles. The band then turned around and sold them on their website, without charging fans the Ticketmaster service fees. Said bassist Keith Moseley “It costs us money to sell the tickets, but we are going to eat that cost this summer in order to make a better deal for our fans and let them know how much we appreciate them.”
New York Times has the story on String Cheese Incident scalping their own tickets.
Don’t think it’s surprising that the announcement by Universal to purchase a large portion of EMI has been met with some strong opposition. Warner Music leads the pack (which includes indie music organizations and consumer groups) of those who declare that the purchase will threaten competition- as the Universal-EMI deal would give them 40% of the recorded music industry. Anti-trust experts are divided, however, with some saying that the drastic changes to the music market in recent years means the major labels don’t hold the same power they once had.
More on the Universal-EMI-Antitrust Hunger Games. Can’t wait to see how this one plays out!
In a promising step for internet music providers, iHeart boasted the impressive stat after being in operation for only 8 months. That many users in such a short span means the free radio service can claim a growth rate faster than that of Facebook, Twitter, Spotify, or Pandora.
Got any crazy music industry headlines we missed from the last week? Let us know!