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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September 20, 2018 – 2018 Mid-Year RIAA Music Shipment and Revenue Statistics: Comment From Music Biz President James Donio
James Donio, President of the Music Business Association (Music Biz), offered the following comments on the 2018 Mid-Year RIAA Music Shipment and Revenue Statistics report, released today. “The ever-increasing dominance of streaming as the primary means of music consumption continues to be extremely fruitful, as shown in the RIAA 2018 Mid-Year Music Revenues Report published today. Despite the ongoing declines in both physical and digital purchasing behavior — with the sole exception of vinyl which is up 13% — the industry still grew significantly over the midpoint of last year.... Read More
September 14, 2018 – Mid-Year 2018 Streaming Market Shares
Music subscribers grew by 16% in the first half of 2018 to reach 229.5 million, up from 198.6 million at the end of 2017. Year-on-year the global subscriber base increased by 38%, adding 62.8 million subscribers. This represents strong but sustained growth: 60.8 million net new subscribers were added between H1 2016 and H1 2017. This indicates that subscriber growth remains on the faster-growth midpoint of the S-curve. MIDiA maintains its viewpoint that this growth phase will last through the remainder of 2018 and likely until mid-2019.... Read More
September 13, 2018 – 90% of Live Music Fans Say Brands Can Actually Enhance the Experience
While it may be harder than ever for brands to connect with consumers, live music events continue to be one of the best places to do so, according to a new global study from Live Nation. The study—which included a survey of 22,500 people ages 13 to 49 in 11 countries, 75 qualitative ethnographies and a biometric study—showed that 90 percent of live music fans believe brands have the power to elevate the concert or festival experience. ... Read More
September 13, 2018 – Should The Music Industry Be Worried About Teen Social Media Cord Cutting?
We all spend an enormous amount of time online these days and for many of us much of that comes by way of our smartphones. In fact, studies indicate that the younger the demographic, the more likely they’ll be tied to their phones. That’s generally been a good thing for the music industry since streaming growth has been driven by smartphone use thanks to teens and millennials being addicted to various social media platforms. But what would happen to streaming usage if that social media usage was decreased?... Read More
September 12, 2018 – Indian Music Culture Thriving in the Streaming Age, Shows Nielsen Report
With a population of over 1.2 billion, there’s a reason India has been called a “sleeping giant” in the global music landscape. Now, per Nielsen’s India Music 360 2018 report, which comprises 1,570 interviews among “online consumers” from 16-45 years old, we can see definitively how the country’s music consumption behaviors stack up. The picture it paints is one of a tech-savvy listenership that is growing quickly as physical media becomes a thing of the past.... Read More
September 12, 2018 – Paid Music Streaming Subscribers Surpass 50 Million in US, But There’s a Twist
An estimated 51 million people in the U.S. are now paying monthly subscriptions for music streaming services — nearly double the number of subscribers at the end of 2016. The new milestone underscores the sustained popularity of Spotify, Apple Music and other paid streaming services — which collectively generated 65 percent of recorded-music revenue in the U.S. in 2017, according to the RIAA, and is currently fueling the domestic music industry’s fourth consecutive year of growth after nearly 20 years of decline.... Read More
September 11, 2018 – And The Winner Is… Radio Listeners Preferred Classic Hits During The Summer of 2018
Each summer, Americans favor a particular radio format, and the summer of 2018 is no exception. This year, the Classic Hits format saw the largest boost in audience during the warm weather months compared with the start of the year. The format achieved the same feat—winning the annual “format of the summer” race—in both 2014 and 2015. In other words, over the past five years, Classic Hits has seen the biggest upswing three times during the summer.... Read More
September 5, 2018 – Descubrimiento Digital: The Online Lives of Latinx Consumers
This report examines the impact of digital technologies on the Latinx experience and cultural expression. It uncovers how, from music and television to social media and shopping, increased access to technology has fundamentally changed the U.S. Hispanic experience as well as these consumers’ lifestyles and behaviors and recommend how brands can lean in to engage with this rapidly increasing population. By maintaining their roots and using technology to amplify their values and aspirations, Hispanics are continuing to advance and striving to redefine the future while staying deeply connected to their cultural roots.... Read More
September 4, 2018 – State of the YouTube Music Economy 2.0: A Turning Point for All Parties
According to a new report from research firm MIDiA Research, YouTube is the main way that all consumers aged 16 to 44 discover new music. Music videos are the single most popular video category on YouTube, accounting for 32% of views. Trends show that consumers are flocking to YouTube in ever greater numbers and, crucially, using it for music more than ever before. In response, YouTube is gearing its discovery and recommendation algorithms more closely to music.... Read More
August 27, 2018 – Ariana Grande scores 3rd #1 album: Comment from Music Biz President James Donio
James Donio, President of the Music Business Association (Music Biz), commented on this week’s sales numbers issued by Nielsen (published by Billboard – albums, singles) and BuzzAngle Music (published by HITS Daily Double – albums, singles). “Ariana Grande tops the Nielsen and BuzzAngle Music charts with her third #1 album, Sweetener. She is more that living up to her title as Music Biz’s 2014 Breakthrough Artist of the Year! ... Read More