For instance, Pandora negotiated a disadvantageous royalty agreement back in 2009 when it was a start-up. Now, it has 70 million active users and its royalty fees during recent quarters has devoured at about 55% of Pandora's revenue.But step back, and there is good for the music industry as a whole. In 2012, global record music sales rose, albeit just 0.3%, for the first time in 13 years. From overall sales of $16.5 billion, digital music sales hit $5.6 billion and increased 10%. The industry may have finally turned a corner.
The post The music industry gets its groove back appeared first on Smarter Investing
Covestor Ltd. is a registered investment advisor. Covestor licenses investment strategies from its Model Managers to establish investment models. The commentary here is provided as general and impersonal information and should not be construed as recommendations or advice. Information from Model Managers and third-party sources deemed to be reliable but not guaranteed. Past performance is no guarantee of future results. Transaction histories for Covestor models available upon request. Additional important disclosures available at http://site.covestor.com/help/disclosures. For information about Covestor and its services, go to http://covestor.com or contact Covestor Client Services at (866) 825-3005, x703.