Industry News Round-Up: Grammys, Streaming Revenues up 33%, According to Report & More

Bruno Mars won big at the 60th G Awards

Bruno Mars‘ major wins at the 60th Grammy Awards this year was historic. While they stirred controversy for many, Mars’ winnings sent a shockwave throughout the music industry. According to Billboard, “To win album, record and song the year in one fell swoop is rare; to do this as an R&B artist, more so; to win record and song for two separate tracks f the same album, rarer still.” 

Mars’ 24K Magic album won album, record, and best R&B album the year. “That’s What I Like,” the album’s title track, won song the year.

LCD Soundsystem won best dance recording for “Tonite.” Kraftwerk took home the best dance/electronic album for their 3-D The Catalogue album. Even’s own host House Latroit Radio snagged the GRAMMY for best Remixed Recording with Depeche Mode’s “You Move.”

You can view the full list GRAMMY winners here.

Streaming revenue is up 33% since 2017

One the key major labels, Sony Music, raked in a whopping $3.85 billion in 2017. Roughly half that revenue comes directly from audio and video streaming. According to Music Business Worldwide, “Streaming platforms–across video and audio–contributed $1.65 billion to Sony Music’s recorded music operation in the period, up 32.9% on 2016.”

As streaming continues to take hold and dominate the way we listen to music, physical sales continue to fall. A few physical mediums (vinyl) are on the rise. The physical sales dropped 7.2% to $1.17 billion, while downloads dropped even more: 22.6% to $467 million. The streaming revolution is in full-swing.

Celebrate Black History Month with Beatport and electronic music pioneers

Black History Month is a time to celebrate the incredible achievements by African-American people. These successes don’t go unnoticed, and Beatport is celebrating African-American electronic dance music artists’ achievements that have shaped the industry to what it is today. These artists include none other than Ron Trent, Mala, and Jeff Mills. Beatport have compiled various genre-based playlists, including techno, deep house, house, drum and bass, funk/soul/disco, leftfield bass, and more.