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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May 4, 2020 – IFPI Global Music Report 2020: Music Sales Rise For Fifth Straight Year to $20 Billion
Global music sales grew for the fifth consecutive year in 2019 with streaming accounting for more than half of all label revenue for the first time, according to the International Federation of the Phonographic Industry’s (IFPI) “Global Music Report 2020.” Total revenues climbed to $20.2 billion, a rise of 8.2% on the previous year. Driving the growth was a 23% rise in streaming revenues, which totaled $11.4 billion, accounting for 56% of all sales and offsetting a 5.3% fall in physical sales.... Read More
May 1, 2020 – Here’s How the Music Community Can Get Free Coronavirus-Related Legal Services
As the music community continues to wrap its head around the complexities the CARES Act and other financial relief programs responding to the coronavirus pandemic, dozens of entertainment attorneys are volunteering their time and expertise to provide free legal services to help industry professionals figure out the resources available to them. Three non-profits — New York’s Volunteer Lawyers for the Arts (VLA), California Lawyers for the Arts and Volunteer Lawyers & Professionals for the Artists of the Arts &... Read More
April 30, 2020 – Licensed to Stream? Clearing Rights Can Be Tricky In the ‘Wild West’ Livestream Age
With venues closed, more artists are turning to livestream performances — some without the proper licenses. “There’s probably a lot of infringement going on.” To make sure acts like Elton John, Lady Gaga and Billie Eilish could perform the songs they wanted during Global Citizen’s April 18 “One World: Together at Home” concert, Julie Wadley and her team worked 12-hour days for over a week. “I woke up early, I worked late,” says the owner of Say Yes!... Read More
April 29, 2020 – Minecraft, Fortnite And Avatars; How Lockdown Is Changing The Future Of Live Music
While live streaming is enjoying a well-deserved renaissance, an intriguing view of the future of live music could be glimpsed by visiting two virtual worlds last week. A concert by American rapper Travis Scott was broadcast live from within the online video game Fortnite, reaching more than 12.3 million players and setting an all-time record for participation in the game’s events. Anarchic noise-pop duo 100 gecs hosted the Square Garden Festival in Minecraft featuring Charli XCX,... Read More
April 27, 2020 – More Government Funding Coming for Struggling Businesses, Musicians: Here’s What You Need to Know
This month some in the music industry have been receiving crucial financial support through the Coronavirus Aid, Relief, and Economic Security Act (CARES) Act, signed by President Donald Trump on March 25, that allocated $350 billion to help small businesses affected by the coronavirus and keep workers employed. But the program’s rollout of the Payroll Protection Plan and other relief options was muddied and often baffling, leaving many more without much-needed support. The CARES Act is a well intentioned,... Read More
April 24, 2020 – Fans Will Continue to Watch Live Streams After Crisis, Says Bandsintown Survey
A new survey conducted by live event discovery platform Bandsintown shows that fans would be willing to continue watching live-streamed events after large gathering bans are lifted. According to the survey, 74% of fans say they will watch live streams on a regular basis after live shows return. The survey, completed by nearly 7,000 Bandsintown users in early April, also concluded that more than 40% of users of had never seen a live-streamed event, either before or after the COVID-19 crisis closed down live concerts around the globe.... Read More
April 24, 2020 – Classic Songs Are Providing Comfort to Fans (and Opportunity for Labels) During Pandemic
Labels are experiencing a boost in niche genres, as well as classic artists’ catalogs. As much of the world shelters in place during the coronavirus pandemic, people are turning to music for comfort — specifically older music. That’s good news for catalog divisions at record companies. “Familiarity and comfort are what people are seeking now and there’s a sense of safety in what you know and were raised on,” says Bruce Resnikoff, President/CEO of Universal Music Enterprises.... Read More
April 22, 2020 – Why The Recorded Music Landscape Might Look Different By Year’s End
There are so many unknowns in the world brought about by COVID-19, and unsurprisingly, how the recorded music industry will come out the other side is one of them. Luckily we live in a world of data these days, but sometimes it’s not easy to tell what we’re looking at until we gain some distance from situation and it appears we have a ways to go before that happens. That said, it’s somewhat certain that the recorded music side of the music business will undergo some big changes and will probably look different by the end of the year.... Read More
April 21, 2020 – Country Music Streams Hit Record High in U.S.
Country music streaming hit a historic new high in the U.S., with a record 1.244 billion on-demand audio streams of songs in the genre in the week ending April 9, according to Nielsen Music/MRC Data. That blows past the previous single-week high-water mark, set just earlier this year, when 1.201 billion audio clicks occurred in the week ending March 5. Further, overall country song streams (combining on-demand audio and video streams) jumped to 1.389 billion in the week ending April 9.... Read More
April 17, 2020 – To Bump or Not to Bump? Music Industry Split on Waiting Out Pandemic for Album Releases
As recording artists face tough calls about whether to stick with their imminent album release dates or postpone them indefinitely, the two top dance-pop divas of the moment provided divergent examples of which way to go. On March 23, Dua Lipa tearfully took to Instagram Live to tell fans how conflicted she felt about releasing new music during the coronavirus crisis, but said she finally decided to bump her Future Nostalgia release ahead by a week,... Read More