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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August 11, 2020 – In Coronavirus Quarantine, Musicians Give Neighbors a Treat
It may be a long while before music fans can again attend a concert in an established club or venue, but music has still managed to flourish during quarantine. Musicians, longing to connect with friends and neighbors, and eager to practice their art, have taken to their porches, patios, driveways, yards and even vehicles to play for passersby. The unexpected melodies have brought joy to listeners and a sense of emotional togetherness during a time of physical distance.... Read More
August 10, 2020 – US Podcast Ad Spending to Surpass $1 Billion Next Year
Podcast listenership in the US has been soaring in recent years and advertising dollars are following. Podcast ad spending is a bright spot amid lackluster digital radio spending. According to eMarketer’s latest forecast, US podcast ad spending will surpass 20% of digital radio ad spending this year and cross the $1 billion mark next year. By the end of 2020, podcast ad spending in the US will reach $782.0 million, up 10.4% from last year, giving it a 21.0% share of the US digital radio ad market.... Read More
August 6, 2020 – Better Concert Livestreams Are Coming. But You’ll Have to Pay for Them.
Adam Weiner has just finished doing pushups in his underwear while singing Canadian punk band SNFU’s “Time to Buy a Futon” for 165 paying fans. “Whoo! I’m really schvitzing now,” Weiner, the frontman and songwriter for Philadelphia rock revivalist band Low Cut Connie, tells the camera, as he puts on a velvety red robe and settles back onto the bench facing his living room piano. He’d started his weekly “Tough Cookies” livestream series early on in the pandemic — but Thursday’s show was his second paid stream.... Read More
August 5, 2020 – Radio’s Roadmap to Gen Z Listenership
Gen Z Listeners in the U.S. are Heavy Users of Streaming, but 55% listen to AM/FM Radio Every Day Audio consumers in “Gen Z” — those between the ages of 13 and 24 — prefer listening on their smartphones, which should be no surprise because they have grown up with the devices, but AM/FM radio’s reach among Gen Z is high (55%), according to Share of Ear® information from Edison Research. Megan Vartan, Director of Research at Edison Research and Jayne Charneski,... Read More
August 4, 2020 – Global E-commerce Sales Will Decelerate This Year
Ecommerce has been a bright spot among retail channels during the coronavirus, as consumers became reliant on digital transactions amid physical store closures and fear of infection. However, the impact on ecommerce retail spending has not been felt evenly across the world. Asia-Pacific and North America have led the regional totals for both brick-and-mortar and ecommerce sales, followed by Western Europe. Due in part to China’s dominance, Asia-Pacific has gained a significant lead in ecommerce with 62.6% share,... Read More
July 28, 2020 – 4 Ways Gen Z Is Changing The Music Industry’s Listening Habits
The streaming era creates its own superstars and music genres, such as bedroom pop. This particular style focuses on pop music that is written and produced by independent musicians largely in their bedrooms. Interestingly, bedroom pop has been attracting millions of listeners around the world, largely by listeners under the age of 25. In fact, we have a name for this group of audiences under the age of 25: Generation Z, or Gen Z for short.... Read More
July 27, 2020 – Digital Device Listening Crosses the 50% Threshold During COVID-19 Disruptions
For the first time since Edison Research’s Share of Ear study began tracking the growth of audio consumption in 2014, the total daily share of time spent listening on digital devices by those age 13+ in the U.S. has surpassed the share of time spent listening on traditional, more linear devices. Before the COVID-19 disruptions, 55% of the daily total share of time spent listening by those in the U.S. age 13 and older was done on traditional,... Read More
July 23, 2020 – Senators Introduce Bill to Fund Independent Venues Struggling During COVID-19
Senators John Cornyn of Texas and Amy Klobuchar of Minnesota introduced a new relief bill for independent music and entertainment venues struggling during the COVID-19 pandemic. Per a press release, the “Save Our Stages Act” would provide six months of financial support to help “keep venues afloat, pay employees and preserve a critical economic sector for communities across America.” Independent music and entertainment venues have been among the hardest-hit businesses during the COVID-19 crisis. Even as some portions of the economy begin to re-open,... Read More
July 23, 2020 – Households With Children Dominate Consumer Tech Purchases
Ninety percent of households with children at home subscribe to at least one OTT service New consumer research from Parks Associates finds households with children, particularly those ages 6-11, are the leading demographic groups for technology product and entertainment service purchasing. Households with Children: Dominant Tech Purchasers finds 38% of US broadband households with children plan to buy a smart video doorbell over the next 12 months, compared to 14% of households without children. Ninety percent of households with children at home subscribe to at least one OTT service.... Read More
July 22, 2020 – Freelance Workers Shut Out of Pandemic Unemployment Aid Could Receive Relief From New Congressional Bill
Introduced on Monday (July 20) by U.S. Representatives Adam Schiff and Judy Chu (both D-CA) and co-sponsored by 19 others, the Mixed Earner Pandemic Unemployment Assistance Act would allow individuals who derive much of their income from freelance work – a group that includes the majority of independent music workers – to opt into the freelancer-focused Pandemic Unemployment Assistance (PUA) program, which offers state unemployment benefits to freelance workers for the first time in U.S. history.... Read More