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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February 13, 2019 – Thanksgiving Day Is Now the No. 3 Online Shopping Holiday

Cyber Monday first entered the public consciousness back in 2005, when it was coined by to describe the day where online spending spiked as holiday shoppers got back in front of their computers at work after the holiday weekend. In 2012, Black Friday rose in prominence for online retailers as it surged to more than $1 billion in sales for the first time. The 2018 holiday season may be remembered as the year that Thanksgiving Day cemented its status as its own online shopping phenomenon.... Read More

February 12, 2019 – Three Ways AI is Reshaping the Music Business

The role of artificial intelligence (AI) tools in business and the global economy is a hot topic across industries. This is not surprising given the fact that AI has the capacity to effect tremendous transformations in the way businesses interact with their respective consumers. This future of a business landscape reshaped by technology is no longer something organizations can ignore. The fourth industrial revolution is in full effect, and companies, particularly in the music business, need to prepare a new set of strategies if they are to adapt and take full advantage of AI’s wave of change.... Read More

February 8, 2019 – Smartphone Ownership Is Growing Rapidly Around the World, but Not Always Equally

Mobile technology has spread rapidly around the globe. Today, it is estimated that more than 5 billion people have mobile devices, and over half of these connections are smartphones. But the growth in mobile technology to date has not been equal, either across nations or within them. People in advanced economies are more likely to have mobile phones – smartphones in particular – and are more likely to use the internet and social media than people in emerging economies.... Read More

February 6, 2019 – ERA Study: Paid-For Streaming on Course to Overtake Free Services for the First Time

Subscription streaming services such as Spotify, Apple Music, Amazon, Deezer and YouTube Music are winning the battle to persuade more people to pay to stream music than stream it for free, according to new figures from the Entertainment Retailers Association (ERA). Already more males pay to stream (24.3%) rather than stream for free (23.9%), and more 25-34 year-olds also choose paid-for (34.9%) than free (27.9%). Overall more people stream for free (21.5%) rather than pay (20.6%),... Read More

February 5, 2019 – Report: Smart Speaker Adoption in the U.S. Reaches 66 Million Units

Smart speakers had a good holiday in 2018. Amazon already said its Echo Dot outsold all other items on its site this holiday season, which hinted toward the sizable growth for the voice-powered speaker market. And a new report from research firm CIRP shows that the U.S. installed base for speakers grew to 66 million units in December 2018, up from 53 million in the September 2018 quarter and just 37 million in December 2017. Amazon Echo devices still lead the U.S.... Read More

February 1, 2019 – CDs Are Still Top of the Pops for Classical Music Fans

A new study, led by Dr. Victoria Williamson from the University of Sheffield’s Department of Music and Dr. Elena Alessandri from the Lucerne University of Applied Sciences and Arts in Switzerland, has revealed a series of new insights about the listening habits of the modern classical music listener. Findings from the research, which was funded by the Swiss National Science Foundation, show that CDs are twice as popular as Spotify or iTunes among classical music fans.... Read More

January 31, 2019 – 71 Percent of U.S. Broadband Households Own a Connected Entertainment Device

In a new white paper, Changing Dynamics of the Smart Home: Opportunities for Service Providers, Parks Associates reveals that 71 percent of U.S. broadband households own a connected entertainment device. The white paper examines strategies for service providers to deliver a successful smart home experience that incorporates support, security, privacy protection, and a variety of personalized value propositions. “The average U.S. broadband household owns more than ten IoT devices, crossing entertainment, smart home, and health use cases,” said Parks Associates Vice President Denise Ernst.... Read More

January 28, 2019 – Five Things Retailers Should Know About Millennial Shoppers

Millennials have been credited with upending entire industries, and retail is no exception. Here’s what retailers need to know about attracting and retaining consumers from a maturing generation of digital shoppers. No. 1: Retailers Must Be Digital and Corporeal The concept of omnichannel is simple—be where your customers are, whether that’s online or at a brick-and-mortar location. But bridging the gap between digital and physical is easier said than done. Retailers that figure it out will be rewarded,... Read More

January 28, 2019 – Four Ways The Business Of Music Videos Will Transform In 2019

During its heyday in the ’90s, MTV provided a valuable channel for major labels to shape the visual appeal of its biggest stars, from Michael Jackson to Madonna, but nailing that video placement was always secondary to driving record sales. Overall, during the “golden age” of recorded music in the last two decades of the 20th century, videos and live tours were often treated as advertisements for albums—prioritizing the commercial performance of the audio over that of the visual.... Read More

January 18, 2019 – The Future of Voice Assistants like Alexa and Siri Isn’t Just in Homes — It’s in Cars

As smart speakers take off in the home, it’s important to note that cars are an even bigger market for voice assistants. Some 77 million US adults use voice assistants in their cars at least monthly, compared with 45.7 million using them on smart speakers, according to a new survey from voice tech publication Smartphones, with their near universal adoption, are the biggest source of regular voice assistant usage — think Siri on iPhones and Google Assistant on Android phones — with 90.1 million smartphone owners using them at least once a month,... Read More