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 17, 2019 – Deluxe Addition: How Taylor Swift, Tool, BTS and More Are Keeping the CD Format Alive
While Taylor Swift’s blockbuster album 1989 had a special edition featuring voice notes from the star plus Polaroid pictures, the most expensive of Lover’s CD deluxe editions goes even further. It includes the album on CD, two bonus audio memos from Swift’s songwriting sessions, a unique set of her journal entries, handwritten lyrics, archived photos, a poster, blank journal pages and a lyric book. Swift has made a CD package that will likely prove an essential fan purchase,... Read More
September 13, 2019 – Why Are Today’s Top-Charting Music Stars So Young?
It’s been a banner year for young talent on the Billboard 200 albums chart, where artists like Billie Eilish (aged 17), Juice WRLD (20) and Khalid (21) scored chart-topping albums. In fact, so far in 2019, solo artists at the top of the Billboard 200 have been on average younger than any time in the past 19 years. This year’s average thus far — 29.25 years old — is the youngest since 2000, when the average was 28.83 and Britney Spears topped the bill with Oops!…... Read More
September 10, 2019 – $45 Tool CD Gives Indie Record Stores Unexpected Boost
“A funny thing happened with the new Tool album” says Coalition Independent Music Stores (CIMS) executive director Michael Bunnell, “indie retail had an old-school moment. “Several stores had well-attended midnight sales on Thursday (it was my store’s first midnight sale in 10 years),” continues Bunnell. “When we returned to work on Friday morning, there were lines at the door. We had to shut down online sales because we feared we couldn’t supply our local customers with a new release that was literally flying out the door.”... Read More
September 9, 2019 – How Data Is Making Hits and Changing the Music Industry
How did Trippie Redd go from a virtual unknown to stardom? What took Logic from cult success to an artist who fills arenas? How do labels identify the superstars of tomorrow? The answers to questions like these have traditionally involved factors like touring, endless promo runs, and lucky breaks. But now, artists and the labels that build their careers are finding a new way to move up the ranks: data. Click here to read more.... Read More
September 5, 2019 – RIAA Releases 2019 Mid-Year Music Industry Revenue Report
The Recording Industry Association of America (RIAA) just released a report that shows that in the first half of 2019, the U.S. recorded music market continued the overall trends and double digit growth rates of 2018. Revenue increases were driven by the number of paid subscriptions exceeding 60 million for the first time. Total revenues grew 18% to $5.4 billion at retail in the first half of 2019. At wholesale value, revenues rose 16% to $3.5 billion.... Read More
September 5, 2019 – 2019 MTV Video Music Awards Generate 74% Sales Boost for Songs Performed at the Show
Songs performed on the 2019 MTV Video Music Awards, held on August 26, generally saw gains in both digital downloads and streams, including a 74% boost in sales for the tracking week of August 23-29, according to Nielsen Music. The songs performed on the show — not including newly released tracks (or, in the case of Lizzo’s “Truth Hurts,” remixes), pre-show performances or those impacted by iTunes’ “complete my album” interactions — sold a total of 93,000 downloads for the week in the U.S.... Read More
September 3, 2019 – The Westwood One 2019 Audioscape: Smart Speaker Popularity Continues Full Steam Ahead
The number of Americans who reported owning a smart speaker increased threefold from Q2 2017 to Q2 2019. According to Edison Research’s “Share of Ear,” in Q2 2019, 30% of Americans reported owning a smart speaker compared to the 10% in Q2 2017. Brands and their agencies are noticing this growth and are beginning to use or consider the smart speaker platform. Westwood One commissioned Advertiser Perceptions to ask over 300 marketers and agencies their perspective about advertising on voice-activated devices in January 2018,... Read More
August 29, 2019 – ‘The Formula’ Is Dying: Rap Songs With R&B Hooks Are No Longer Surefire Hits
It’s been an interesting past two years on the charts for Hip-Hop. By this time last year, seven rap songs (including three from Drake) released in 2018 had reached No. 1 on the Billboard Hot 100. This year, only two 2019 rap songs (Lil Nas X’s “Old Town Road” and Post Malone and Swae Lee’s “Sunflower”) have managed to top the Hot 100. In 2019, there is no longer a widely accepted, obvious pathway to a hit single.... Read More
August 28, 2019 – How Americans Keep Up to Date With New Music
Think about the first time you heard your favorite songs. Maybe you were driving and you heard an opening guitar riff from Joe Walsh, or the distinctive vocal stylings of Katy Perry, from your FM radio. Or maybe someone texted you a link to “Old Town Road” and you streamed it. Regardless of what you consider a favorite song, or any song that you enjoy, there was a point in time when it was brand new to you.... Read More
August 26, 2019 – Do Traditional Album Cycles Help or Hinder Artists?
From 1968 to 1977 Fleetwood Mac released 11 studio albums (and the collaborative album Fleetwood Mac in Chicago, and six compilation albums). Sometimes that was two albums a year. Prince’s output throughout his career followed a similar pattern, which felt like the norm in ‘80s and ‘90s, but when he dropped triple album Lotusflow3r in 2009, or when he released Art Official Age and Plectrumelectrum on the same day in 2014, this felt more unusual and groundbreaking.... Read More