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Soaring Canadian Music Revenues and UK's Live Music Sustainability Initiative: Industry Insights
In the past 24 hours, several significant developments have emerged in the music industry, highlighting both positive trends and ongoing challenges.
In Canada, the music scene is experiencing a surge in growth. Recorded music revenue has increased by 129% between 2014 and 2024, rising from $397 million CAD to $909 million CAD. This growth is largely driven by audio streaming, which now accounts for nearly 79% of the total revenue. This trend indicates a thriving environment for Canadian artists, with their music gaining global attention[1].
Meanwhile, in the UK, a critical initiative has been launched to address the sustainability of the live music sector. Members of Parliament have announced a fan-led review of live music, aimed at improving the financial stability of grassroots music venues and ensuring the long-term success of the UK music industry. This review, chaired by Lord Brennan of Canton, will focus on the music fan experience, venue sustainability, and the barriers faced by emerging artists. It also explores existing policies and government support for live music. The initiative comes as a response to the alarming rate of venue closures and the need for more robust support mechanisms[2][5].
On the platform front, a new social music platform called PLAYY. Music is set to launch in July 2025. PLAYY. Music is designed to champion community over algorithms, offering a unique approach to music consumption and interaction. This platform aims to create a more engaging and community-driven experience for music enthusiasts[3].
In other news, the music world has seen some notable updates and losses. Alf Clausen, known for his work on the music for The Simpsons, has passed away. Additionally, Peter Murphy has canceled all his upcoming tour dates[4].
The UK government's fan-led review of live music also includes discussions on a proposed £1 ticket levy to fund grassroots musicians and gig spaces. This levy has already been implemented by major artists like Coldplay and Katy Perry, and it has significant support from music fans, with 93% backing the proposal. This initiative is part of a broader effort to strengthen the rights of music venues in the planning process and ensure a sustainable future for the UK's live music scene[5].
Thanks for listening to the Music News Tracker Podcast and be sure to subscribe.
For great Music deals
https://amzn.to/3BPL8A7
Or check out these podcasts http://quietplease.ai
This content was created in partnership and with the help of Artificial Intelligence AI
In Canada, the music scene is experiencing a surge in growth. Recorded music revenue has increased by 129% between 2014 and 2024, rising from $397 million CAD to $909 million CAD. This growth is largely driven by audio streaming, which now accounts for nearly 79% of the total revenue. This trend indicates a thriving environment for Canadian artists, with their music gaining global attention[1].
Meanwhile, in the UK, a critical initiative has been launched to address the sustainability of the live music sector. Members of Parliament have announced a fan-led review of live music, aimed at improving the financial stability of grassroots music venues and ensuring the long-term success of the UK music industry. This review, chaired by Lord Brennan of Canton, will focus on the music fan experience, venue sustainability, and the barriers faced by emerging artists. It also explores existing policies and government support for live music. The initiative comes as a response to the alarming rate of venue closures and the need for more robust support mechanisms[2][5].
On the platform front, a new social music platform called PLAYY. Music is set to launch in July 2025. PLAYY. Music is designed to champion community over algorithms, offering a unique approach to music consumption and interaction. This platform aims to create a more engaging and community-driven experience for music enthusiasts[3].
In other news, the music world has seen some notable updates and losses. Alf Clausen, known for his work on the music for The Simpsons, has passed away. Additionally, Peter Murphy has canceled all his upcoming tour dates[4].
The UK government's fan-led review of live music also includes discussions on a proposed £1 ticket levy to fund grassroots musicians and gig spaces. This levy has already been implemented by major artists like Coldplay and Katy Perry, and it has significant support from music fans, with 93% backing the proposal. This initiative is part of a broader effort to strengthen the rights of music venues in the planning process and ensure a sustainable future for the UK's live music scene[5].
Thanks for listening to the Music News Tracker Podcast and be sure to subscribe.
For great Music deals
https://amzn.to/3BPL8A7
Or check out these podcasts http://quietplease.ai
This content was created in partnership and with the help of Artificial Intelligence AI
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By Inception Point AiIn the past 24 hours, several significant developments have emerged in the music industry, highlighting both positive trends and ongoing challenges.
In Canada, the music scene is experiencing a surge in growth. Recorded music revenue has increased by 129% between 2014 and 2024, rising from $397 million CAD to $909 million CAD. This growth is largely driven by audio streaming, which now accounts for nearly 79% of the total revenue. This trend indicates a thriving environment for Canadian artists, with their music gaining global attention[1].
Meanwhile, in the UK, a critical initiative has been launched to address the sustainability of the live music sector. Members of Parliament have announced a fan-led review of live music, aimed at improving the financial stability of grassroots music venues and ensuring the long-term success of the UK music industry. This review, chaired by Lord Brennan of Canton, will focus on the music fan experience, venue sustainability, and the barriers faced by emerging artists. It also explores existing policies and government support for live music. The initiative comes as a response to the alarming rate of venue closures and the need for more robust support mechanisms[2][5].
On the platform front, a new social music platform called PLAYY. Music is set to launch in July 2025. PLAYY. Music is designed to champion community over algorithms, offering a unique approach to music consumption and interaction. This platform aims to create a more engaging and community-driven experience for music enthusiasts[3].
In other news, the music world has seen some notable updates and losses. Alf Clausen, known for his work on the music for The Simpsons, has passed away. Additionally, Peter Murphy has canceled all his upcoming tour dates[4].
The UK government's fan-led review of live music also includes discussions on a proposed £1 ticket levy to fund grassroots musicians and gig spaces. This levy has already been implemented by major artists like Coldplay and Katy Perry, and it has significant support from music fans, with 93% backing the proposal. This initiative is part of a broader effort to strengthen the rights of music venues in the planning process and ensure a sustainable future for the UK's live music scene[5].
Thanks for listening to the Music News Tracker Podcast and be sure to subscribe.
For great Music deals
https://amzn.to/3BPL8A7
Or check out these podcasts http://quietplease.ai
This content was created in partnership and with the help of Artificial Intelligence AI
In Canada, the music scene is experiencing a surge in growth. Recorded music revenue has increased by 129% between 2014 and 2024, rising from $397 million CAD to $909 million CAD. This growth is largely driven by audio streaming, which now accounts for nearly 79% of the total revenue. This trend indicates a thriving environment for Canadian artists, with their music gaining global attention[1].
Meanwhile, in the UK, a critical initiative has been launched to address the sustainability of the live music sector. Members of Parliament have announced a fan-led review of live music, aimed at improving the financial stability of grassroots music venues and ensuring the long-term success of the UK music industry. This review, chaired by Lord Brennan of Canton, will focus on the music fan experience, venue sustainability, and the barriers faced by emerging artists. It also explores existing policies and government support for live music. The initiative comes as a response to the alarming rate of venue closures and the need for more robust support mechanisms[2][5].
On the platform front, a new social music platform called PLAYY. Music is set to launch in July 2025. PLAYY. Music is designed to champion community over algorithms, offering a unique approach to music consumption and interaction. This platform aims to create a more engaging and community-driven experience for music enthusiasts[3].
In other news, the music world has seen some notable updates and losses. Alf Clausen, known for his work on the music for The Simpsons, has passed away. Additionally, Peter Murphy has canceled all his upcoming tour dates[4].
The UK government's fan-led review of live music also includes discussions on a proposed £1 ticket levy to fund grassroots musicians and gig spaces. This levy has already been implemented by major artists like Coldplay and Katy Perry, and it has significant support from music fans, with 93% backing the proposal. This initiative is part of a broader effort to strengthen the rights of music venues in the planning process and ensure a sustainable future for the UK's live music scene[5].
Thanks for listening to the Music News Tracker Podcast and be sure to subscribe.
For great Music deals
https://amzn.to/3BPL8A7
Or check out these podcasts http://quietplease.ai
This content was created in partnership and with the help of Artificial Intelligence AI