Music Industry Analysis
Music Biz curates a feed of music industry news articles, business statistics and trend analysis from a variety of media outlets, filtering out the noise to deliver you the actionable insights you need to succeed. Starting in 2024, these articles will be accessible exclusively from Music Biz’s social media feeds.
September 25, 2019 – Global Live Music Ticket Sales to Top $25 Billion in 2023
The value of ticket sales for live music events will exceed US $25 billion for the first time in 2023 – with total industry revenues set to reach a record $31.5 million the same year, according to the latest figures from PricewaterhouseCoopers (PwC). The Global Entertainment & Media Outlook 2019–2023, the just-released 2019 update to the consulting firm’s annual Outlook report, finds live music ticket sales will increase at a compound annual growth rate (CAGR) of 3.33% from 2018 to 2023,... Read More
September 25, 2019 – IFPI Releases Music Listening 2019 Report
The IFPI has released its Music Listening 2019 report, which examines the ways in which music consumers aged 16 – 64 engage with recorded music across 21 countries. “This year’s report tells an exciting story of how fans are increasingly engaging with music,” said Frances Moore, Chief Executive of IFPI. “At a time when multiple forms of media vie for fans’ attention, they are not only choosing to spend more of their time listening to – and engaging with – music but they are doing so in increasingly diverse ways.”... Read More
September 19, 2019 – NPD Forecasts Three Percent Annual Revenue Growth for the U.S. Consumer Technology Market Through 2021
According to the newly released Future of Tech report from The NPD Group, consumer electronics revenue is expected to grow 3 percent annually through 2021 in the U.S. consumer marketplace. Desire for big screen TVs, product innovations in wireless headphones, continued home automation adoption, and rising interest in smart displays will fuel growth. “Steady single-digit growth is notable in a mature market where consumers are not replacing or repurchasing items at the same rate they did in prior years,” said Stephen Baker,... Read More
September 18, 2019 – Seven Ways Musicians Are Leveraging Pop-Ups to Connect With Fans
The allure of the pop-up has permeated a new industry: the music business. To celebrate her debut album and give fans a glimpse into her creative process, for example, Billie Eilish teamed up with Spotify to deliver a pop-up in Los Angeles described as an “enhanced album experience.” For three days, fans got the rare opportunity to explore synesthesia, a condition Eilish experiences, in which a certain sense, like sight, triggers another sense, like smell, simultaneously.... Read More
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
