Music Business Roundup: Nielsen’s 360 Report, Billboard TV-Music Power List, & More

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Nielsen’s 360 Report Released

The annual music report from Nielsen called the 360 Report has been released. There are many interesting points to take from the data, including that 75% of the population listens to music online, 80% say cost and ease of use are the most important factors when picking a music streaming service, and 78% say they are somewhat or very unlikely to pay for streaming in the next 6 months.
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Billboard’s TV-Music Power Players List
Billboard already has the Power 100 and Women in Music list, but they have added “TV-Music Power Players” to their resume. The list covers everything from music supervisors to late night tv show music bookers – highlighting all important executives that bring together the music and television worlds.
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Sony Enters Deal With Engrem
Historically Cuban music has always seemed out of reach for US record labels. Sony Music has entered a monumental deal with Engrem to license their 20,000 song catalog globally. This opens up a huge market for licensing Cuban music.
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Spotify Artist Profiles Improve
Previously, if you wanted to learn more about an artist on Spotify, the only data available was their biography. Now you can view more insights about them with the artist “about” pages – showcasing hi-res images, monthly listener stats, global rank, where people are discovering the artist, and the top cities for the artist.
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BandCamp Patronage Feature Released
The popular platform, BandCamp, previously announced a new patronage feature that would allow artists to offer customized subscription packages. That feature is now available to everyone, making it easier for artists to gain monthly income and give fans access to new material.
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