Technological utopians have been predicting for years that the internet will weaken the dominance of superstar artists in the music industry and enrich the teeming masses of smaller, niche creators.
But new research suggests that this “long tail” theory is wrong: superstars are capturing the vast majority of music revenues and their share is increasing – not decreasing – because of the rise of digital services like iTunes and Spotify.
The top 1 per cent of artists – the likes of Rihanna and Adele – accounted for a whopping 77 per cent of recorded music income in 2013, according to research by Mark Mulligan of Midia Consulting. Read more
A National Security Agency employee who co-chairs an influential cryptography standards group has survived an attempt to oust him following accusations that he promoted a flawed security protocol.
Kevin Igoe, a senior cryptographer at the NSA, is joint chair of the Crypto Forum Research Group. The CFRG plays an important role in online security because it provides guidance on cryptographic techniques to the Internet Engineering Task Force, a standard-setting body that helps shape the internet. Read more
Endemol, the television production company behind Big Brother and Deal or No Deal, has placed a bet on the growth of social casino gaming with the acquisition of a $13m stake in London-based startup Plumbee.
The deal, which values Plumbee at $40m, brings together the world’s largest independent TV production company with a two-year-old startup whose flagship title Mirrorball Slots is among the top ten highest grossing social casino games on Facebook. Read more
Tim Berners-Lee, the inventor of the world wide web, has thrown his weight behind a new campaign to encourage people across the world to fight back against online censorship and surveillance.
In a letter to the Financial Times on Thursday, Sir Tim wrote that “now is the time for citizens to mobilise to demand that governments and companies respect and protect our basic freedoms online”. Read more
It’s personal, attention-grabbing, and highly effective: email is one of the most important ways that companies market their products to the masses.
So no wonder that email marketers are concerned that Google has redesigned Gmail in a way that filters deals, offers and promotional messages into a less prominent part of the inbox.
How worried should marketers be? To answer the question, FT Tech Blog has rustled up some striking data about how Gmail users are behaving following the changes. Read more