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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March 20, 2019 – The Nielsen Total Audience Report: Q3 2018

In this edition of their Total Audience Report, Nielsen shares year-over-year comparisons of media use to show how consumer behaviors have shifted across comparable measurement intervals. Overall total media use among US adults remains unchanged year-over-year at 10-and-a-half hours per day. But there are shifts in where that time being spent is dedicated to, as increases in internet connected devices and app/web smartphone usage are gradually replacing time spent on other sources. These shifts are not surprising,... Read More

March 17, 2019 – 30 Ways the Internet Changed Music Forever

Thirty years ago, Tim Berners-Lee – then a fellow at the physics research center CERN – put forward his plan for sharing and sending information between different computers. Though the vague concept of the internet had been talked about before, Berners-Lee’s basic framework for the World Wide Web is what really changed the game. By the time 2002 rolled around, 42 percent of UK households had internet access, and being able to readily access endless information from home revolutionized almost every aspect of living.... Read More

March 14, 2019 – Why Vinyl Records Survive in the Digital Age

Ask a record-collecting audiophile why vinyl is back and you may hear a common refrain: “Of course vinyl’s back! It’s a more accurate reproduction of the original! It just sounds better than digital!” Records, in all their fragility and physicality, pay proper respect to the music, proper respect to the past. They must be handled carefully, for the past deserves our preservation. They are easily scratched, and their quality is diminished as a result of those scratches.... Read More

March 13, 2019 – Study Shows That Music Proves Increasingly Crucial in Marketing

A new study from audio branding specialist PHMG shows that younger Australians place more value on music as a key element of marketing than older generations. According to the findings, 75% of 18 to 24-year-olds and 62% of respondents under 45 say music helps them feel more connected to a brand, compared to just 41% of those 55 and over. “As the expectations of audiences shift, it’s important that organizations don’t get left behind,” said Daniel Lafferty,... Read More

February 28, 2019 – Rise in Smartphone Penetration Gives Fresh Lease of Life to Music Industry in India

Increasing smartphone and mobile internet penetration has given a fresh lease of life to the recorded music industry. A report on the audio OTT industry in India by Deloitte, called Audio OTT Economy in India, throws light on the trend of music streaming in the country, and where the Indian recorded music industry stands compared to its global peers. India has an estimated 150 million monthly active users using audio OTT platforms to stream music, and Indian consumers spend 21.5 hours a week listening to music compared to the global average of 17.8 hours a week.... Read More

February 26, 2019 – Holiday Shopping on Smartphones Led to Strong Ecommerce Growth

The 2018 retail holiday season was exceptionally strong, with the highest growth rates for brick-and-mortar and ecommerce sales since 2011. Online spending performed noticeably better than the industry’s already optimistic expectations. Gains in ecommerce this season were fueled largely by the increase in mobile shopping and buying, particularly on smartphones. Mobile accounted for 60% of online shopping traffic and 40% of sales, with smartphones accounting for 51% and 31%, respectively, according to Adobe. Compared with last year,... Read More

February 25, 2019 – Why We’re Entering the Golden Age of Podcasts

Since Apple included the Apple Podcasts app on every iPhone back in 2014, Edison Research’s Share of Ear report has shown slow but steady growth. But 2018 looks like it was an exceptional year. CBS News conducted a survey of US listeners in January 2019 showing an increase of people listening to podcasts daily or a few times a week from 15% to 23%. That represents 20 million more frequent podcast listeners in the US alone — a 50% relative jump over the previous year.... Read More

February 21, 2019 – The Live Music Building Boom In New and Renewed Venues

With the renovation of historic halls in markets large and small, and new arenas under discussion or construction everywhere from the New York suburbs to San Francisco, a building boom is reshaping the live-music landscape. The total investment is difficult to estimate, but individual projects in North America tracked by Billboard, like The Met Philadelphia, have cost millions — and, collectively, billions. What’s driving and guiding all this spending? Executives from four of the live-music industry’s top firms involved with venue operation and development — AEG Worldwide,... Read More

February 20, 2019 – Smart Speaker Sales Estimated to Exceed 64 Million in 2022

Parks Associates research estimates US households will buy more than 64 million smart speakers with voice assistants in 2022, part of the smart home trend driving widespread adoption of voice control. Strategies for Integrating Voice in the Smart Home finds adoption of these devices increased by 800% from 2016 to 2018, reaching nearly one-third of U.S. broadband households by the end of 2018. Use of voice in conjunction with smart home devices is increasing. With voice popularity and use cases expanding,... Read More

February 19, 2019 – Video Gamers and the Music Business: Time to Level Up

To the tune of 10 million concurrent viewers, American producer/DJ Marshmello played a live DJ set on February 2 to Fortnite players in Pleasant Park, a virtual location in the massive multiplayer game that took 2018 by storm. Gamers tuned in, showed up with their customized avatars, and danced on the virtual floor and on the DJ stage with Marshmello. Accumulating more than $3 billion in revenue last year alone, Epic Games’ latest venture into live music seemed natural,... Read More