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 13, 2019 – Three Supply-Side Indicators That Signal the New Music Industry Has Arrived
The CD, Napster and iTunes brought about massive changes in the music industry, but the structure of the industry stayed the same (with the exception of manufacturing and physical distribution). Then came streaming. Truly disruptive? Up until now, one could argue that even streaming hasn’t been disruptive to industry structure in the same way Amazon/Uber/AirBnB have been in their respective sectors. More than a dozen years since the first commercial streaming services came to market, it seems a tipping point has arrived.... Read More
November 11, 2019 – Best-Selling Albums Are Spending Less Time On Top
It sold more than 45 million copies, provided bedroom poster art to countless youngsters and propelled Pink Floyd, then a relatively obscure English rock band, to international stardom. The Dark Side of the Moon has earned countless accolades since its release in 1973. Among its most extraordinary achievements is the time it spent on Billboard’s 200 album chart: 943 weeks, the equivalent of 18 years. Such feats are becoming ever less common, according to a recent paper by Lukas Schneider and Claudius Gros of the Goethe University in Frankfurt.... Read More
November 8, 2019 – Gen Xers, Millennials and Even Some Gen Zs Choose Vinyl and Drive Record Sales Up
Sales data shows that cassettes first surpassed vinyl LP sales in the U.S. in 1983. Then CDs surpassed cassette sales in 1991. At that point, vinyl LPs disappeared from most music stores, remaining only a DJ specialty. They accounted for only 0.8 percent of total music sales. Tim Ford, vice president of purchasing at Sunrise Records, says he recalls feeling forced to buy CDs in the ’90s because they were cheaper than vinyl and more widely available for him as a broke teenager.... Read More
November 8, 2019 – US Holiday Sales to Cross $1 Trillion for First Time
Despite healthy consumer spending overall in 2019, the upcoming holiday season will be affected by economic uncertainty and a shorter timeframe. (This year has six fewer days between Thanksgiving and Christmas than in 2018.) In a new report, eMarketer forecasts that total U.S. holiday retail sales will climb 3.8% to $1.008 trillion this year: the first-ever trillion-dollar holiday season. Last year saw even less growth, at 2.4%. Cyber Monday is once again expected to be the biggest online shopping day in US history,... Read More
November 5, 2019 – Black Friday: Still the Superhero of the Shopper’s Year?
From humble beginnings some 50 years ago, Black Friday has now become a global retail phenomenon. From Spain to Senegal and from Israel to Iceland, shoppers around the globe now enjoy the November bargain-fest. In 2018, sales on the day around the world were on average 6.6 times greater than a regular Friday. They were highest in Pakistan, where shoppers spent more than 115 times as much as a regular Friday, followed by Hungary (97 times) and Italy (45 times).... Read More
November 4, 2019 – IPSOS: The Brand vs. Performance Media Debate
While it’s true that ecommerce sales can be directly tracked through last-click attribution metrics, that doesn’t necessarily mean that the digital performance media being measured, owns 100% responsibility for the sales. This is a myth across many industries that needs to be broken in order to ensure the long-term health and sustainability of brands. Unfortunately, over the last 5-years these measurement approaches have led organizations to focus on silo-based measurement platforms and in many cases, build silos around the media channels that can be classified as brand vs.... Read More
October 29, 2019 – The 2020 Vision for U.S. Retail and Beyond
In the future, will your wearable device recommend what to add to your grocery list? Will you be able to order a new chair from a mobile 3D printer that can deliver it to you in the next hour? When you reach for your favorite brand on the shelf, will it automatically communicate to the manufacturer to re-stock the shelf faster? When you think about everything that consumers are asking for and combine it with advances in technology,... Read More
October 25, 2019 – What Should Label Playlist Strategies Be in 2020?
MIDiA’s ‘Playlist Revolution’ report recently highlighted that, although playlists have become valuable commercial music real estate in their current form, there is plenty of scope for further development of the format. A prominent playlist placement remains a key objective of most new release strategies and is a higher priority than radio play for many artists. However, the supply of new songs continues to outstrip the number of premium slots, and most artists still struggle to get onto playlists.... Read More
October 24, 2019 – Super Listeners 2019 Report from PodcastOne and Edison Research
Weekly podcast listeners who consume more than five hours of podcasts per week are the subject of the first-ever Super Listeners study from PodcastOne and Edison Research. These podcasting “Super Listeners,” podcasting’s heaviest listeners, have emerged as valuable targets for advertisers and trusted allies for podcast sponsors according to this groundbreaking study. Key takeaways from the report include: • 70% of Super Listeners say they have considered a new product or service as a result of hearing an ad on a podcast.... Read More
October 21, 2019 – “Golden Age of TV” Gives Boost to Music Industry
At a time when many critics believe we are living through a golden age of TV, it seems no new drama with aspirations to credibility is complete without a soundtrack to match. As content on on-demand platforms such as Netflix and Amazon Prime Video has proliferated, and shows such as Stranger Things, Breaking Bad and Transparent have won acclaim, so fans have rushed to track down the music in their favorite shows. Figures provided exclusively to the Guardian show that the use of music across major on-demand platforms has more than tripled (up 238%) in the past five years – from 145 billion minutes in 2014 to 490 billion minutes in 2018.... Read More