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 EDM.com'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.