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.
Get this compilation of music industry analysis delivered directly to your inbox by signing up for our daily website feed.
January 18, 2019 – The Future of Voice Assistants like Alexa and Siri Isn’t Just in Homes — It’s in Cars
As smart speakers take off in the home, it’s important to note that cars are an even bigger market for voice assistants. Some 77 million US adults use voice assistants in their cars at least monthly, compared with 45.7 million using them on smart speakers, according to a new survey from voice tech publication Voicebot.ai. Smartphones, with their near universal adoption, are the biggest source of regular voice assistant usage — think Siri on iPhones and Google Assistant on Android phones — with 90.1 million smartphone owners using them at least once a month,... Read More
January 18, 2019 – How Streaming Powered Christmas Music’s Record-Breaking 2018 Season
The 2018 holiday season is over, and the dust has finally settled on the huge impact of Christmas music on the charts. Christmas songs occupied 23 slots on the Billboard Hot 100 chart in the first week of January, only to fall off simultaneously and catapult a host of newcomers onto the charts. Mariah Carey’s “All I Want For Christmas is You,” which rose to an all-time high of No. 3, smashed XXXTentacion’s single-day streaming record on Spotify,... Read More
January 17, 2019 – 5G Is Coming: So What Does This Mean for Music?
5G was the hot topic at CES 2019, with numerous companies sharing their ambitious plans. 5G has the potential to make loading websites, streaming music, and downloading up to 10 times faster than 4G. The United States isn’t expected to see the first 5G-compatible networks until 2020, but that hasn’t stopped telcos from openly bragging. For now, it’s unclear just how much the protocol upgrade will impact music-specific properties. One quick possibility is that higher-fidelity streams can be consumed more readily,... Read More
January 15, 2019 – Latin Music Is Now More Popular Than Country & EDM In America
2018 represented another year of the Latin-music scene growing in significant and mainstream ways, and a new year-end report puts into perspective just how competitive it is among other top music genres. When it comes to album consumption, Latin took a 9.4% share of 2018 market as the fifth-biggest genre examined. Hip-hop led the way (with 21.7% of all LP consumption) and was followed by pop, rock and R&B music. But Latin music now ranks ahead of country,... Read More
January 14, 2019 – In 2018 the Ticketing Industry Finally Killed the ‘Sold-Out’ Show
Among the many myths that were laid low in 2018, perhaps none was as welcome to throngs of live-event fans as the fantasy of the sold-out show. Indeed, as the ticket market has moved to adopt new technology, the newfound transparency has had one prime victim: The Sellout. Rather than a lack of demand, unsold tickets for high-profile events are the result of the latest trend in the ticketing industry — making sure you have tickets to sell when fans want to buy them.... Read More
January 14, 2019 – New Report Illustrates How Modern Record Labels Remade Themselves in the Streaming Era
In their new report, “Same Heart. New Beat. How Record Labels Amplify Talent in the Modern Music Marketplace,” Musonomics examines how modern record labels have remade themselves to thrive in the era of streaming music. Based on almost 50 interviews with top-level executives at both major and independent record labels and commissioned by the Recording Industry Association of America (RIAA), the report digs into the changes that have taken place in the past decade to make labels an indispensable partner for the most ambitious new,... Read More
January 11, 2019 – Vinyl and Cassette Sales Saw Double Digit Growth Last Year
Albums sold on vinyl and cassette both saw double digit sales growth in the US last year, according to a new report produced by BuzzAngle. Vinyl sales grew by just shy of 12 percent from 8.6 to 9.7 million sales, while cassette sales grew by almost 19 percent from 99,400 to 118,200 copies sold in the US. The popularity of both physical formats seems to be being driven by sales of older albums. BuzzAngle reports that over 66 percent of vinyl sales are of albums that are over three years old,... Read More
January 8, 2019 – CES: Consumer Tech Industry Could Reach $398 Billion in 2019, CTA Projects
Products that take advantage of artificial intelligence and fast connectivity will drive the U.S. consumer tech industry to $398 billion in retail revenues in 2019 — a 3.9 percent year-over-year growth, which includes streaming services revenue — projected the Consumer Technology Association just prior to the opening of its annual CES in Las Vegas. According to the report, consumer spending on music and video streaming services is valued at $26 billion in revenue, 25 percent higher than last year.... Read More
January 8, 2019 – Nielsen Year-End Report: Total Album Equivalent Consumption In The U.S. Increased 23% in 2018
Nielsen today released its 2018 Music Year-End Highlights which includes music consumption for the 12 month period beginning December 29, 2017 through January 3, 2019, as well as consumer trends and behaviors that shaped the year in music across today’s most popular platforms, including streaming, social media, radio, film and more. According to Nielsen, the music industry experienced significant overall growth in 2018, with total album equivalent audio consumption up 23% over 2017, driven by a 49% increase in on-demand audio song streams compared to last year.... Read More
January 3, 2019 – BuzzAngle Music 2018 Year-End Report Highlights Double-Digit Growth in Music Consumption
Overall music consumption in the U.S. grew by double digits for the second year in a row, according to BuzzAngle Music’s 2018 Year-End Report released earlier today. As stated in the welcome message from CEO Jim Lidestri, overall music consumption increased by 16.2% in 2018, building on the 12.8% growth achieved in 2017. The number of unique streamed audio titles increased by 3 million in 2018, with total on-demand streaming growing 41.8% over last year to reach 534.6 billion streams.... Read More