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 29, 2019 – Record Labels Have a New Target: Streamers and Gamers
On a quiet street in Vancouver, Canada, independent EDM record label Monstercat is carving out a solution to a problem that has plagued gamers and content creators for more than a decade: can streaming culture and the music industry coexist in a world where algorithms are used to track down unlicensed tunes, strip audio from videos, and dole out bans to streamers? Gavin Johnson, head of gaming at Monstercat, believes there can be a middle ground.... Read More
July 25, 2019 – 39% of US Broadband Households Own a Streaming Media Player
Parks Associates announced new research this week showing 39 percent of US broadband households own a streaming media player, a mere one percent increase over 2018, indicating ownership has flattened, although purchase intentions are higher for 2019 compared to previous years. 360 Deep Dive: Adoption and Use of Connected Video Devices notes connected video device manufacturers may need to shift focus from hardware sales to service and advertising revenue, as ownership reaches saturation. Click here to read more.... Read More
July 24, 2019 – More Research Shows that Consumers May Not Always Want Personalized Marketing Experiences
Many marketers may want to believe that customers prefer personalized marketing experiences, but while research backs up that claim, recent consumer skepticism over the use of personal data means that there’s a growing sentiment that more personalization does not beget a better experience. “Marketers, especially digital marketers, love data and the promise of optimization it holds,” said Nicole Perrin, principal analyst at eMarketer. “And many report a lift in engagement, conversions or other behaviors they’re trying to drive,... Read More
July 22, 2019 – Cannabis 2.0: Artists Hoping to Cash In On High-End Vaping Gear, the Next Big Thing in Legal Weed
Legalization democratized marijuana sales and took away some of the mystique of THC strains like Gelato, which has been name-checked by dozens of rappers, from Tyler the Creator to Jhene Aiko. Prior to legalization, acquiring an ounce of Gelato took connections, money and patience; now, anyone can buy it at a dispensary or Barneys New York, which now carries Sherbinskis at its Beverly Hills flagship. A recent study found a sharp rise in vape devices appearing in music videos,... Read More
July 16, 2019 – U.S. Consumer Tech Sales To Surpass $400 Billion Milestone in 2019, Says CTA
The growing popularity of streaming services, artificial intelligence-enabled emerging devices and in-vehicle technology will help drive the U.S. consumer tech industry to a record-breaking $401 billion in retail revenues in 2019 – 2.2 percent growth year over year – according to a new Consumer Technology Association (CTA)® report. Consumer spending on software and services (including music, video and gaming services) is projected to reach a new high of $75.6 billion in 2019 (a 14 percent growth over last year).... Read More
July 15, 2019 – Podcast Advertising Revenues Will Surpass $1 Billion by 2021
The podcasting industry continues to explode with potential for advertisers, and the numbers show it: Marketers spent $479 million on podcast ads in 2018, and podcast advertising revenues are projected to surpass $1 billion by 2021, according to figures from the Interactive Advertising Bureau (IAB) and PwC. “Podcasts are one of the fastest-growing, if not the fastest-growing category within digital audio,” said Lauren Fisher, principal analyst at eMarketer. “Performance marketers and brands are recognizing the value in reaching consumers who aren’t just tuning in to tune out—they’re tuning in to actively be entertained or engage their minds.... Read More
July 9, 2019 – Smart Speaker Shopping Gains Traction
Because shopping on smart speakers is gaining popularity faster than expected, research firm eMarketer has raised their latest forecast for smart speaker use. The firm reports that it expects 31 million people in the U.S. to shop via a smart speaker this year, up about 32 percent from 2018. This figure will climb to 38 million by 2021 according to eMarketer, as more than four in 10 US smart speaker users look to these devices for their shopping capabilities.... Read More
July 2, 2019 – Memes Are the New Pop Stars: How TikTok Became the Future of the Music Industry
In 2007, Soulja Boy’s ultraviral “Superman” dance made him the crown prince of YouTube. In 2014, Bobby Shmurda re-created that fervor on the deceased social network Vine, where six-second clips of his Shmoney Dance multiplied. And Lil’ Yachty and his lo-fi brethren will forever be defined as genre-bending SoundCloud rappers. Now TikTok—a Chinese-owned social network with an app that has been downloaded 950 million times—has minted a new class of trap-heavy rappers like Lil Nas X,... Read More
June 27, 2019 – Nielsen U.S. Music Mid-Year Report 2019
On-demand streaming continues to super-charge the U.S. music industry, according to Nielsen’s U.S. Music Mid-Year Report, as there were more than 507 billion on-demand streams in the first half of 2019. This exciting milestone was led by singles and albums by Ariana Grande, Billie Eilish, Halsey, Khalid, BTS, Lil Nas X and Bad Bunny that span a wide array of genres, moods and even languages. LPs remain popular among music aficionados, and independent retail events like Record Store Day continue to engage vinyl-loving music fans in droves.... Read More
June 27, 2019 – MIDiA Report: The Classical Music Market – Streaming’s Next Genre?
A recent report released this month by MIDiA Research found that a classical music resurgence is possible in today’s on-demand music streaming world. As music finds itself migrating from smartphones and headphones back into living rooms and cars, with the onset of new streaming platforms such as voice, classical music has the opportunity to find bigger audiences, reaching both its loyal aficionado listeners and its much broader potential audience of enthusiasts around the world. This study was put together from an online consumer survey of 8,000 adult music consumers across eight markets: the USA,... Read More