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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October 18, 2019 – Ready or Not, Here Comes the 2019 Holiday Shopping Season

Consumers are split in their attitudes about holiday shopping. According to the 2019 Holiday Purchase Intentions Survey from The NPD Group, most consumers in the U.S. are looking forward to this holiday season, and see the holidays as a break from everything happening in the world – half even say going out shopping puts them in the holiday spirit. But almost half of consumers that said they would rather plan an outing with family or friends than exchange gifts – more than last year.... Read More

October 15, 2019 – Sustainability Is Factoring into 2019 Holiday Purchases

Discounts and low prices are historic holiday asks. But this year, sustainability is also top of mind. According to a recent survey, shoppers are more mindful of who they do business with, especially as it pertains to the environment. Coleman Parkes Research, on behalf of Accenture, conducted an online survey of 1,500 consumers in 17 cities, including New York, Seattle and Detroit. On average, 34 percent of respondents said they were unaware of the negative environmental impact faster shipping causes.... Read More

October 8, 2019 – NRF Forecasts Holiday Sales Will Grow Between 3.8 and 4.2 Percent

The National Retail Federation (NRF) said in a press release that it expects holiday retail sales during November and December to increase between 3.8 percent and 4.2 percent over 2018, to a total of between $727.9 billion and $730.7 billion. The numbers compare with an average holiday sales increase of 3.7 percent over the previous five years. “The U.S. economy is continuing to grow and consumer spending is still the primary engine behind that growth,” NRF President and CEO Matthew Shay said.... Read More

October 4, 2019 – MIDiA Report: Leaving Legacy Behind — Music Marketing Responds to Streaming

The problems for music marketers are manifold. Given that global marketing is one of the core competencies of a modern record label (and perhaps a modern artist manager), the broader solution to these issues is for marketers to push their agenda higher up the chain, and for more corporate-level innovation and investment to take place to get the marketing engines changed up and fit for purpose. In their latest report, MIDiA argues that to succeed in doing this,... Read More

September 30, 2019 – Why the Surprise Album Drop is Falling in Popularity

It’s been close to six years since Beyoncé changed the world with that digital drop by releasing her fifth album Beyoncé out of nowhere. For the next few years, you’d enter every week with the possibility that your favorite could drop an album at any time. Bey’s husband JAY-Z followed suit with his 2013 record Holy Grail Magna Carta, dropping it for free for Samsung users. Artists were traversing a world whereby the notion of access to music had been thrown open by streaming.... Read More

September 27, 2019 – Ken Burns’ “Country Music” — Vince Gill, Willie Nelson & Merle Haggard, Patsy Cline Sales Soar After PBS Doc Airs

Ken Burns’ latest documentary, this time covering country music, looks to be a hit for music sales, with various songs from the eight-part series’ 100-plus-song soundtrack seeing notable gains in digital downloads. Since Country Music’s September 15 premiere, songs from Johnny Cash, Nitty Gritty Dirt Band, Patsy Cline, Vince Gill and more have jumped in sales both in the week the series premiered and the current week, during which the show’s final four episodes aired. They’re paced in overall volume by Willie Nelson and Merle Haggard’s iconic team-up “Pancho and Lefty.” Coming via the series’ seventh episode,... Read More

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