Music Industry Analysis
On a daily basis, Music Biz collects news articles and statistics on business & consumer trends affecting 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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April 5, 2021 – How 5G Will Change Media, Entertainment, and Marketing
After years of anticipation, fifth-generation wireless technology is finally — albeit slowly — becoming a reality. And though 5G networks aren’t widely available yet, most media and marketing experts believe they will eventually transform the way entertainment, sports, and news are produced, distributed, and consumed. Fully realized 5G networks will usher in a host of new options for streaming content, live events, gaming, and other high-quality immersive and interactive experiences. They’ll also open the door to new models for personalized marketing and advertising.... Read More
April 1, 2021 – More Than 12 Million U.S. Households Have Cut the Cord on Their Home’s Broadband Service
New research from Parks Associates reports more than 12 million US households have cancelled their home broadband service and use only mobile broadband for their internet needs. “Adoption and Perception of Broadband”finds there are more than 15 million households in the US that have only a mobile broadband service, which includes more than three million households that have never had a home internet subscription. Click here to read the full report.... Read More
March 31, 2021 – NRF Forecasts Retail Sales to Exceed $4.33T in 2021 as Vaccine Rollout Expands
The National Retail Federation’s annual forecast anticipates that retail sales will grow between 6.5 percent and 8.2 percent to more than $4.33 trillion in 2021 as more individuals get vaccinated and the economy reopens. “Despite the continuing health and economic challenges COVID-19 presents, we are very optimistic that healthy consumer fundamentals, pent-up demand and widespread distribution of the vaccine will generate increased economic growth, retail sales and consumer spending,” NRF President and CEO Matthew Shay said.... Read More
March 30, 2021 – NFTs For Copyrights: Why Non-Fungible Tokens Could Transform Who Gets Paid From Music Rights, and How
Non-fungible tokens (NFTs) are all the rage in the music industry right now. DJs like 3LAU and Steve Aoki have sold theirs for seven-figure sums. Kings Of Leon just racked up around $2 million selling them bundled with their new album. And, ever the auteur, Grimes recently sold a bunch of NFT-affiliated artwork for around $6 million in just 20 minutes. The dirty little secret of these types of transactions? People are buying unique digital collectibles – but they typically aren’t buying underlying copyrights.... Read More
March 27, 2021 – An Overview of 5G Technology Worldwide 2021
As 5G networks spread and consumers start to upgrade to 5G phones, the long-hyped promise is starting to become a reality—slowly. The biggest performance improvements from 5G still lie in the future, but businesses can start investing in improvements now. What makes 5G networks a big deal? — Networks that operate fully on 5G standards have faster throughput speeds, much lower latency (responsiveness of remote computers), higher connection density, more reliability, and greater flexibility. This should improve the mobile user experience and lead to a slew of new services and businesses.... Read More
March 22, 2021 – Mobile Device Share of Listening On Track To Surpass Traditional Radio Receivers in the U.S.
Listening on a mobile device now accounts for 30% of all time spent listening to audio by those age 13+ in the U.S., an increase of 67% since 2014, according to the latest Share of Ear® report from Edison Research. Listening on a mobile device has been growing steadily since Edison Research’s Share of Ear study began tracking audio consumption among Americans in 2014. The gap between listening on a traditional radio receiver and a mobile device among those age 13+ has narrowed remarkably quickly since 2014: 31 percentage points separated the two in 2014 and only five percentage points separate the two today.... Read More
March 21, 2021 – Fans Come First in the Attention Recession
As vaccine rollouts gain momentum, the clock is ticking on the attention boom enabled by lockdowns over the last 12 months. The 12% of additional time spent on entertainment is going to contract sharply as consumers are freed to spend time outside of their homes on pre-pandemic activities and compelled to take back up the commute. Some of this attention time will remain, making the recessionary environment expanded from pre-pandemic. The normalization of home working, already made policy by companies such as Unilever,... Read More
March 18, 2021 – The ABCs of NFTs: A Guide to Non-Fungible Tokens, the Cryptomedia Trend Bringing Ownership to the Internet
In recent months, non-fungible tokens (NFTs) have skyrocketed in popularity, leading a digital flower to sell for $20,000, a looping video clip for $26,128, a sock for $60,000 and a LeBron James clip for $99,999. You can be sure where there’s this level of hype in consumer behavior, brands are keen to get in on it. February has been explosive for NFTs. In the span of two days, online personality Logan Paul made more than $5 million selling NFTs,... Read More
March 17, 2021 – The Fan Data Goldmine
Jessie Reyez loves to text, especially with fans. Using a phone number assigned through the celebrity text-messaging startup Community and shared on her social media accounts, the singer-songwriter makes time nearly every day to have one-on-one conversations with her most dedicated supporters where they share memes and talk about their lives. “Some really kind fans send me heartfelt messages, and we have exchanges regularly now that I have them in my favorites,” says Reyez. “Distance between humans seems to be getting larger and larger.... Read More
March 10, 2021 – From MIDiA: Clubhouse and the Next Evolution of Audio
Audio has seen an overall boom during the last year, with audiobooks alone significantly gaining consumer attention time and attracting audience over from radio. Podcasts have also grown in the lockdown periods, as background audio surges into the space left behind by contextual ambiance. The cultural value of the background human conversation has, perhaps, grown beyond ‘audio’ itself, however. The continued popularity of library TV shows like The Office (U.S.) and Friends (which remained in second place on the Index Score on MIDiA Index over the last 90 days) perhaps hints at a consumption evolution for video streaming – filling a subsidiary role as audio (with a side of visual) as a backdrop to daily life at home.... Read More