Musicians’ plea as live music figures hit new low

Original article by Martin Boulton
The Age – Page: Online : 17-Feb-21

Australia’s live music industry has been hard hit by the COVID-19 pandemic, with data from APRA-AMCOS showing that the sector is operating at less than four per cent of pre-coronavirus levels. More than 350 artists and music industry workers have written an open letter urging the federal government to either extend the JobKeeper scheme or introduce an industry-specific wage subsidy. They note that the arts and entertainment sector employs almost 200,000 Australians and contributes about $15bn to GDP each year.

CORPORATES
AUSTRALASIAN PERFORMING RIGHT ASSOCIATION LIMITED, AUSTRALASIAN MECHANICAL COPYRIGHT OWNERS SOCIETY LIMITED

Missing Guvera boss Herft says he’s very easy to contact

Original article by Liam Walsh
The Australian Financial Review – Page: 17 & 24 : 26-Apr-19

The liquidators of failed music streaming company Guvera state that they have found it difficult to contact its CEO, Darren Herft, according to a creditors’ report. Glenn Spooner and Daniel Juratowitch of Cor Cordis say they have contacted the Australian Securities & Investments Commission for assistance on the matter, but that it has not yet been able to help them. However, Herft has rejected suggestions that he is hard to contact, saying he is in the US at the moment, where he intends to relaunch Guvera.

CORPORATES
GUVERA AUSTRALIA PTY LTD, GUVERA LIMITED, COR CORDIS PTY LTD, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, AMMA PRIVATE EQUITY PTY LTD

Streaming a boon to music exports

Original article by Max Mason
The Australian Financial Review – Page: 3 : 12-Sep-18

The Australian Recording Industry Association has reported that music sales rose by six per cent to $195.6 million in the first half of 2018 when compared to the previous corresponding period. Streaming revenue accounted for 67 per cent of ARIA’s sales for the first half of 2018, compared to just 38 per cent of its sales for 2016. ARIA CEO Dan Rosen says music is something that Australia is really good at, and that streaming has helped to expose local acts to overseas markets.

CORPORATES
AUSTRALIAN RECORDING INDUSTRY ASSOCIATION LIMITED

We’re about to rock

Original article by John Masanauskas
Herald Sun – Page: 3 : 13-Dec-16

The Victorian Government will contribute $A10m in funding for the Australian Music Vault. The exhibition and education facility will include an Australian Music Hall of Fame, and it will be based at the Victorian Arts Centre. Music industry veteran Michael Gudinski has welcomed the announcement of the Hall of Fame and the fact that it will be located in Melbourne.

CORPORATES
VICTORIAN ARTS CENTRE, MUSHROOM RECORDS PTY LTD, THE FRONTIER TOURING COMPANY PTY LTD

Streaming taking its toll on online music purchases

Original article by Roy Morgan Research
Market Research Update – Page: Online : 17-Aug-16

A Roy Morgan Single Source survey has found that just 4.6 per cent of Australians aged 14+ paid to download music and 1.1 per cent purchased CDs online in any given four-week period in the year to March 2016. This compares with 6.1 per cent and 2.1 per cent respectively in the year to March 2012. Meanwhile, the proportion of Australians who stream music online in an average four weeks has risen from 10.3 per cent in 2012 to 19.7 per cent in 2016. Likewise, the proportion of Australians using streaming radio has risen from 6.1 per cent to 9.6 per cent.

CORPORATES
ROY MORGAN RESEARCH LIMITED

Streaming sends music sales bouncing upwards

Original article by Dominic White
The Australian Financial Review – Page: 29 : 11-Apr-16

Data from the Australian Recording Industry Association shows that sales of recorded music grew by five per cent in 2015, to $A334m. Sales of digital music increased by 11 per cent to $A208m, with music streaming services boasting revenue of $A71.1m. However, sales of physical music were three per cent lower at $A126m, although this followed an 18 per cent decline in 2014.

CORPORATES
AUSTRALIAN RECORDING INDUSTRY ASSOCIATION LIMITED, APPLE INCORPORATED, SPOTIFY LIMITED, YOUTUBE INCORPORATED, CREDIT SUISSE AG, NETFLIX INCORPORATED, STAN ENTERTAINMENT PTY LTD, FAIRFAX MEDIA LIMITED – ASX FXJ, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, TELSTRA CORPORATION LIMITED – ASX TLS, VEVO, FUTURE CLASSIC, ENDEMOL SHINE AUSTRALIA PTY LTD

Apple Music switches model to subscriptions, taking on Spotify

Original article by John Davidson
The Australian Financial Review – Page: 4 : 2-Jul-15

Apple launched its new music streaming service on 1 July 2015. The subscription fee for Apple Music will be waived for the first three months, and users will then pay $A11.99 per month. Telsyte MD Foad Fadaghi expects the new service to be popular with iPhone users, as the Apple Music app will be automatically installed on their devices. Apple has traditionally sold individual albums or songs via downloads from its iTunes store.

CORPORATES
APPLE INCORPORATED, TELSYTE PTY LTD, SPOTIFY LIMITED, GOOGLE INCORPORATED

Spotify adding 60,000 Australians per week

Original article by Max Mason
The Australian Financial Review – Page: 37 : 1-Jun-15

Spotify estimates that about 25 per cent of Australians have used its music streaming service at some point. Spotify says it is gaining about 60,000 additional users in Australia each week, and the rate of conversion to its paid service is estimated to top 30 per cent. Spotify’s MD in Australia, Kate Vale, forecasts that some rivals will either merge or quit Australia in coming years, and she believes that the local market can sustain 3-4 players in the long-term.

CORPORATES
SPOTIFY LIMITED, VODAFONE AUSTRALIA LIMITED, UBER TECHNOLOGIES INCORPORATED, SONY CORPORATION, NOVA ENTERTAINMENT PTY LTD, RDIO INCORPORATED, PANDORA MEDIA INCORPORATED, COMEDY CENTRAL, AUSTRALIAN BROADCASTING CORPORATION