Who are the Highest Earning Musicians in the UK & US and How Do They Impact the Economy?

A few days ago I wrote a post over on Canpages about how Justin Bieber, Drake, and Chris Brown represent a whopping 7% of Canada’s whole music economy, which as a figure is a staggering $107,000,000 a year. I thought it would also be quite interesting to look at who has the biggest impact on the music economy here in the United Kingdom and in the United States.

The UK is home to three of the current highest earning artists in the world: U2, Elton John, and Paul McCartney, who collectively earn a massive $362,000,000 a year (it slightly dwarfs Justin Bieber’s $53,000,000!)

Click to read more ...

Why Spotify is being denied in the US: A matter of pride?

The music industry has been getting kicked in the nuts from P2P and illegal file-sharing for a long time now. They have tried everything they can to try to stop their aches and there has always been one main reason why these illegal file-sharing sites get away with it - THE SONY BETAMAX CASE

Without going too much in to this, BETAMAX (VHS’ forgotten brother-in-law) came to US shores and hollywood went in to a state of panic. The thought that their movies, which millions of dollars were pumped in to making,  could be duplicated so easily was a huge issue! Soon a law suit followed led by Universal Studios. They pleaded to the courts that this would ruin the movie business as people will stop buying movies and shift to duplicating movies with the record feature the Japanese company included. After a long battle the courts favoured Sony and technology.

Click to read more ...