For the first time since Yelp became a publicly traded company, it reported a profit (Q2 of 2014). Today, its valuation sits around $5 billion, and boasts a monthly average of 138 million unique visitors. And while Yelp faces competition from some pretty heavy hitters -- Google, for one -- the future of the company looks promising.
It's time to talk about Digital Distribution, and how it's made renters of us all. How many of your digital belongings do you actually own? Write out a list of the shows and movies you've watched, the eBooks you've read, the games and apps you've played, and the music you've listened to in the last week. Now count how many of those things you would have full and legal access to without an Internet connection.
In short, everything that you thought the Internet wasn't about in a world of 140 character tweets, Facebook status updates and YouTube viral video sensations. These deep and rich treasure troves of content are also gaining mainstream attention, and it all seems to be drawing more and more energy towards podcasting: a medium that many have already written off.
Not only is the Canadian digital market far larger than virtually every European market, it continues to grow faster than the U.S. digital music market as well. In fact, the Canadian digital music market has grown faster than the U.S. market for the past six consecutive years. Yet, Canadian artist revenue from Canadian sales is lower than most other countries.