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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July 9, 2020 – What Kind of Year Will It Be for the Record Business? The Forecasts Are Getting Worse, Not Better

Recorded music has been in a state of limbo throughout quarantine: Though live events like concerts and other in-person money-makers have shut down, songs and albums have been buoyed by streaming — so things are difficult, but not terminal. On April 20th, Olivier Nusse, the CEO of Universal Music France, gave a pre-recorded address to shareholders of Universal Music Group owner Vivendi that summed up the mood of the global industry. Nusse said UMG’s “global executive management team is leading the company to success” but that COVID-19 would “certainly impact physical sales,... Read More

July 8, 2020 – Inside the Virtual BET Awards: How They Pulled It Off & Why It Might Change the Future of Award Shows

In April, BET aired a special called Saving Our Selves: A BET COVID-19 Relief Effort, which was the network’s first foray into producing and airing a show under pandemic conditions. “At that point, even though we didn’t really think that we’d be extended through now, we started thinking about the ‘what if,’” says Connie Orlando, BET’s evp of specials, music programming & music strategy. “What would an award show look like if we had to produce it during the pandemic?” Turns out,... Read More

July 7, 2020 – Inside Lost Horizon: A Virtual Reality Music Festival

The music festival landscape has changed drastically this year as a result of COVID-19, resulting in many festivals moving into the live stream space. The team behind Glastonbury’s Shangri-La festival has done something different: They have teamed up with VR Jam, Sansar, Orca Sound Project and Beatport to create the world’s largest independent music and arts festival in virtual reality, Lost Horizon. “The colossal negative impact that this pandemic has caused on the creative and music industries has also meant we can’t take the annual moment to celebrate our community through art,... Read More

July 2, 2020 – Canceled US Music Festivals Threaten to Slow Momentum for Rising Latin Acts

Just as relatively new indie festivals devoted to Latin music — like Los Dells in Wisconsin, Ruido Fest in Chicago and Viva! Pomona in the Los Angeles area — were building audiences and growing their brands, their momentum has come to a halt in the pandemic. Since the coronavirus forced the live music industry into a standstill in March — and as COVID-19 now spikes across the country with more than 2.5 million confirmed cases in the United States —... Read More

July 1, 2020 – Music Biz College Graduates Keep Their Heads up, Despite Grim Job Market

Genna Batson, who graduated last month from Syracuse University’s Bandier Program with a music business degree, was about as poised for a career in the concert industry as a senior without a nepotistic benefactor could be. She’d focused on the touring business early in her college days, serving as talent buyer and co-director of the school’s concert board, and held internships at industry titans Live Nation, Red Light Management and Superfly, where last summer she interned as a sponsorship coordinator for the Outside Lands festival in San Francisco.... Read More

June 30, 2020 – Retail Looks to Rebound in July Amid Q3 Shopper Optimism

After a 16.4% sales decline in U.S. retail in April, retailers are looking for signs of optimism as the late summer season opens up new opportunities and renewed interest in shopping. While most states are in the full swing of reopening, there’s still plenty of hangover from Q2, and retailers are under increased pressure to gain back lost revenue as quickly as possible. But it’s not all gloom and doom for the retail industry. Shoppers are poised to make a comeback,... Read More

June 29, 2020 – Nashville’s Music Row Reflects National Concern For Social Justice, Racial Parity

Black lives matter. As Americans rallied on June 19 from Boston to Oakland, Calif., the date symbolized a dramatic change of awareness. Many white adults had not previously heard of Juneteenth, which marks the anniversary of the last slaves discovering they had been freed, yet scores of Caucasians participated in the demonstrations, awakened to racial inequality by a recent series of murders of Black citizens, primarily the May 25 killing of George Floyd in Minneapolis while in police custody.... Read More

June 25, 2020 – Record Stores Were Already Struggling Before the Pandemic — Here’s How They’re Staying Afloat Now

Some independent record stores across the US have been barely hanging on in recent years, thanks to a rise in online streaming and the dominance of mega-retailers such as Amazon. Then the coronavirus pandemic hit, making matters even worse. Brick-and-mortar stores shut their doors more than two months ago and, in many parts of the country, are still closed. Those that have reopened have had to make extensive and costly modifications to how they do business,... Read More

June 24, 2020 – How Is The Podcasting Business Under Coronavirus Quarantine? Listen Up

As a longtime podcast listener with zero commuting (read: listening-only) time for the last three months, I got to wondering how well the industry’s content producers, networks and ad execs have been coping with the coronavirus quarantine. According to a swath of key industry players I spoke with, it looks like podcasting took a body blow like many others but has retained its long-built momentum. What are the factors underlying that resilience and will it continue?... Read More

June 23, 2020 – How Independent Music Venues Are Fighting for Their Existence

Earl Ciccel, whose company runs Maryland’s Bethesda Blues & Jazz Supper Club, was prepped for a weekend of sold-out dinner concerts by veteran soul and go-go groups when he was forced to shut down indefinitely on March 12. Most of the food he bought for those shows—short ribs, lamb, wings, salmon, crab cakes—was thrown out. It was only the beginning of the misfortunes Ciccel’s business would suffer under the coronavirus pandemic: The historic, Black-operated venue has now been shuttered for more than three months,... Read More