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FYI

MRC Data Market Watch Facts & Figures: May 20th, 2021

Here is this week's MRC Data Market Watch report which features Canadian music stats for the current week and YTD with comparisons to last year. This chart is published every Tuesday.

MRC Data Market Watch Facts & Figures: May 20th, 2021

By External Source

Here is this week's MRC Data Market Watch report which features Canadian music stats for the current week and YTD with comparisons to last year. This chart is published every Tuesday. The abbreviation "TEA" is a term used to describe the sale of music downloads or singles. A track equivalent album is equal to 10 tracks, or 10 songs.


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The Billboard Canada FYI Bulletin: Projections are Up for the Music Industry, but Stress Marks Are Starting to Show (Column)
Photo by Jordon Conner on Unsplash
FYI

The Billboard Canada FYI Bulletin: Projections are Up for the Music Industry, but Stress Marks Are Starting to Show (Column)

In my Last Pogo at Canadian Music Week, and the last one for its retiring founder Neill Dixon, I saw multiple signs of transition that could define the festival and the industry moving forward.

One of the most memorable speakers from the early Canadian Music Week (CMW) days was in 2008 when Nicholas Negroponte, the founder of the Massachusetts Institute of Technology’s Media Lab, gave a keynote address that some found laughable, others downright scary. The nut of his message was that bits and bytes would transform the music industry’s future, that the CD was passé, that all entertainment would become customizable, and new delivery systems would change how music was heard by audiences globally.

His words were prophetic. Within a year of his speech, companies like Deezer and Spotify let the horse out of the barn by launching their online music streaming services and this shifted control of content away from the major labels. The algorithm was born and nothing’s been the same since.

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