Music Industry Analysis
On a daily basis, Music Biz collects studies and data on business and consumer trends effecting the music industry. We compile this music industry analysis from a plethora of media outlets and data providers and filter out the noise to deliver directly to you the actionable insights your business needs to succeed.
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November 16, 2018 – Report: 1 Billion Devices Support Voice Assistants As U.S. Consumer Base Continues To Grow
Voice assistants and smart devices are one of the hottest topics for the audio industry, and a new report from Voicebot.ai, PullString, and the RAIN Agency traces the trend’s progress. According to the report, voice assistants have moved out of their first phase, marked by availability across platforms and languages and access to core features. It suggested that the second phase of voice will be marked by more nuanced features, use in more contexts, and availability on more connected devices.... Read More
November 12, 2018 – 90% Of Consumers In Spotify’s Home Market Stream Music, But Only 43% Pay For It
A new streaming music survey in the Nordic countries offers a look at what may be the best that Spotify and the music industry can hope for when it comes to paid versus free streaming. Since streaming music was all but invented there, the Nordic countries of Norway, Finland, Denmark and Spotify’s home country of Sweden, are considered to be streaming’s most mature market. “The recent explosion in digital music consumption is a very positive thing: it testifies to how the legal and well-functioning streaming services are easily available and accessible and have become part of everyday life.... Read More
November 9, 2018 – Social media growth is over in the U.S. — which is its most valuable market
Social media companies aren’t growing as quickly as they used to. In some cases, they aren’t growing at all. In the United States, things are even worse for them: They’re shrinking. Facebook, Twitter and Snapchat are no longer adding new users in the United States. Facebook’s daily user base has been the same for the past three quarters. Twitter and Snapchat have both lost users in the U.S. or North America, respectively, in back-to-back quarters. American users are incredibly valuable to these tech giants.... Read More
November 7, 2018 – What Does Music Have To Gain From The Future Of Transportation? More Than You Might Think
Ever since the 1950s, when car manufacturers first introduced FM radio receivers inside their vehicles, the mainstream music industry has relied heavily on cars as a significant—if arguably old-fashioned—source of revenue. But newer tech trends like ridesharing, 5G and edge computing are poised to alter transportation, and its accompanying media ecosystem, as we know it. It’s no surprise that the music industry, whose financial health is tightly tethered to mobile and on-the-go media trends, wants in.... Read More
November 6, 2018 – Is Japan Finally Ready For The Streaming Revolution?
A new report by indie music rights agency Merlin highlights the slow but now steady shift towards music streaming in Japan, one of the world’s last bastions of physical product. As the second largest music market in the world, Japan has been historically slow to take up streaming music despite the presence of advanced broadband capabilities in much of the country. As of 2017, 80% of music sold in the country comes via physical product, according to the Recording Industry Association of Japan,... Read More
November 5, 2018 – The Live Music Industry Will Be Worth $31 Billion Worldwide by 2022
According to a new study from Pricewaterhouse Coopers (PwC), the live concert industry will experience significant growth during the next few years. Breaking down entertainment industries in the Global Entertainment and Media Outlook 2018-2022 report, PwC reveals live music revenue will increase at a compound annual growth rate (CAGR) of 3.3% heading into 2022. This includes ticket sales and sponsorship. According to the calculation, the live concert industry’s total revenue will reach $31 billion in four years. ... Read More
October 29, 2018 – What’s Next For Podcasting?
The podcast market will discover the answer to a foundational question about its future in the next few years. Will it continue along the path of music streaming, where all podcasts are available everywhere on free, ad-supported tiers? Or, will it follow the path of streaming TV into paid subscription services with exclusive content? Today, effectively all of the industry’s revenue is from advertising — at least in the United States. However, we’re seeing the first steps being taken toward paid subscriptions and exclusive content.... Read More
October 24, 2018 – Paid Music Streaming Subs Will Hit 235 Million by the End of 2018
Music streaming continues its ascendance, with the number of paid streaming subscriptions on track to reach 235 million worldwide by the end of 2018, according to a new music market report from Futuresource Consulting. “Streaming subscriptions accounted for over half of all global spend on music last year, a segment which includes packaged music, pay-per-download singles and albums, and streaming music subscriptions,” says David Sidebottom, Principal Analyst at Futuresource Consulting. “In the first half of 2018,... Read More
October 19, 2018 – The Music Industry Loses $2.65 Billion from Small Businesses Streaming Music Without a License
According to a new study, the music industry loses billions from businesses who don’t properly use streaming music services. Interviewing 5,000 small business owners across seven markets – the US, UK, Sweden, Spain, Italy, Germany, and France – Nielsen Music found the industry loses out on $2.65 billion a year. Nielsen Music estimates 29.4 million small businesses around the world stream music in their shops. 88% play music daily or 4-5 days per week. 12% play music less than 4 days per week. ... Read More
October 12, 2018 – UK Retailers Slam IFPI For ‘Blinkered’ Focus On Streaming
The head of the U.K. Entertainment Retailers Association (ERA) has criticized international music trade body IFPI for ignoring physical formats in its latest industry report and presenting a “blinkered view of the world.” IFPI published its “Music Consumer Insight Report 2018” earlier this week. The study, carried out by IFPI and research company AudienceNet, measures consumer habits across 20 of the world’s leading markets, including the United States, Japan, United Kingdom, Germany, China and India. The report found that consumers spend an average 17.8 hours listening to music each week globally,... Read More