US | US Reaches 100 Million Paid Music-Streaming Subscribers for the First Time, Vinyl Sales Hit $1.4 Billion: RIAA 2024 Year-End Report. For the first time, paid streaming subscriptions hit the 100 million mark in the U.S. last year, while vinyl sales continued their nearly two-decade resurgence with $1.4 billion in sales, according to Recording Industry Association of America’s annual recorded-music revenue report. Despite that milestone, streaming growth continues to slow — it was up just 4 million for the year, continuing a slowing trend over the past five years. Streaming numbers grew by nearly 9 million between 2020 and 2021. This trend has led music companies to seek other sources of growth, including such tactics as Universal’s “Streaming 2.0” and a focus on “superfans.” The U.S. recorded music business is now valued at $17.7 billion retail and $11.3 billion wholesale, according to the report, adding adding half a billion dollars in revenue since last year.
Boulder, CO | New Music Venue and Studio Opens in Boulder With Intimate Events: Stone Cottage Studios is the city’s latest music venue that will host intimate concerts, vinyl listening events and so much more. Jamie and Davis Maynard know how to throw a house show. But what the father-son duo is doing at the new Stone Cottage Studios space along Boulder’s Pearl Street is much more than hosting typical DIY gigs in a room full of well-worn furniture and a keg in the corner. Instead, the Maynards offer a highly curated listening experience that welcomes local and touring acts alike for an intimate evening of live music, complete with professional audio and videography. While seats are limited to forty people, all the sessions are livestreamed, too. Between the wall of vintage vinyl, the black-and-white photos of legendary musicians and the antique audio equipment throughout the venue, it’s easy to see that Stone Cottage could put on the most cozy concert you’ll ever experience.
Adelaide, AU | Yorke Peninsula’s new hidden gem sells vinyl records and books: Tucked away in Stansbury on the Yorke Peninsula and only open on select days, Peninsula Records and Books offers an eclectic mix of Australian authors and global vinyl. “We just wanted to provide a place where people could come and buy a brand-new or second-hand book or a record, because there wasn’t really anything like that in the area,” owner Kate explains. The idea grew from the online store, which was already gaining traction for Aussie authors before the couple decided to open a physical location. “We had it online for a while, and it was doing quite well. Then we thought, why don’t we open it up down in Stansbury since we had the space?” says Kate. Less a shop and more a passion project where visitors can come in and rummage through the collection that runs from a small garage space—like a friend’s collection, but one that focuses exclusively on Australian authors.
Fort Myers, FL | Beach Records hosts benefit concert for mother with thyroid cancer: Beach Records hosted a benefit concert for the mother of a 5-year-old battling thyroid cancer in Fort Myers on Friday night. The event, titled “Dude Where’s my Thyroid?” featured five local bands and proceeds from the event went to Emily Meacham, a mother who was diagnosed with thyroid cancer in January. Last October, her doctor noticed a lump on her neck. After more appointments, her doctor discovered that there was a large cancerous tumor on her thyroid. Due to the size and placement of the tumor, doctors had to act fast, and on Feb. 14, Emily Meacham had a total thyroidectomy and had one of her neck muscles removed. One month removed from surgery, Meacham said that she was not prepared for how the cancer diagnosis would affect her life. “My life whole life switched to a matter of 180. I wasn’t expecting any of this,” Meacham said.