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.
October 19, 2018 – The Music Industry Loses $2.65 Billion from Small Businesses Streaming Music Without a License
According to a new study, the music industry loses billions from businesses who don’t properly use streaming music services. Interviewing 5,000 small business owners across seven markets – the US, UK, Sweden, Spain, Italy, Germany, and France – Nielsen Music found the industry loses out on $2.65 billion a year. Nielsen Music estimates 29.4 million small businesses around the world stream music in their shops. 88% play music daily or 4-5 days per week. 12% play music less than 4 days per week. ... Read More
October 12, 2018 – UK Retailers Slam IFPI For ‘Blinkered’ Focus On Streaming
The head of the U.K. Entertainment Retailers Association (ERA) has criticized international music trade body IFPI for ignoring physical formats in its latest industry report and presenting a “blinkered view of the world.” IFPI published its “Music Consumer Insight Report 2018” earlier this week. The study, carried out by IFPI and research company AudienceNet, measures consumer habits across 20 of the world’s leading markets, including the United States, Japan, United Kingdom, Germany, China and India. The report found that consumers spend an average 17.8 hours listening to music each week globally,... Read More
October 12, 2018 – Visualizing 40 Years of Music Industry Sales
The record industry has seen a lot of change over the years. Vinyl gave way to 8-tracks, and cassettes faded away as compact discs took the world by storm, and through it all, the music industry saw its revenue continue to climb. That is, until it was digitally disrupted. Looking back at four decades of music industry sales data is a fascinating exercise as it charts not only the rise and fall the record company profits,... Read More
October 9, 2018 – Streaming platforms are feeding the growing boom in smart speakers such as Echo, Home and HomePod, study reveals
The markets for smart speakers and music streaming are becoming more interdependent, a new study suggests, as high-tech audio shifts the way consumers listen to music. In data prepared for The Music Business Association and provided exclusively to CNBC on Monday, market research firm AudienceNet said that music services such as Spotify, Apple Music and Pandora are snagging a larger share of music consumption. The findings are part of a study called “Audiomonitor 2018: The Overall Music Listening Landscape,”... Read More
October 9, 2018 – IFPI Releases 2018 Music Consumer Insight Report
IFPI has today released its Music Consumer Insight Report 2018. The report examines the ways in which music consumers aged 16-64 engage with recorded music across 20 of the world’s largest music markets. IFPI commissioned AudienceNet to carry out the fieldwork for global research which explores the way consumers engage and access music across licensed and unlicensed services. The research was conducted amongst a demographically representative sample of the online population aged 16-64 in the following eighteen territories: Argentina,... Read More
October 3, 2018 – Despite Their Vast Capabilities, Smart Speakers Are All About The Music
According to findings from Nielsen’s MediaTech Trender Survey, a quarterly consumer tracking survey that focuses on perceptions of emerging devices and services that are shaping media use today, smart speakers are a burgeoning interactive technology that offer consumers useful, cutting-edge capabilities. Of the U.S. homes that have a smart speaker, four out of 10 have more than one device in the household. Furthermore, 62% of smart speaker owners first started using the device within the last six months,... Read More
October 2, 2018 – On-Demand Streaming Segment Expected to Grow Globally Through 2026
Music streaming has witnessed an upsurge in the past three years with increasing digitalization and increasing adoption of digital music, according to a new report from Persistence Market Research. As a result of increasing adoption of music streaming, a decline in the market share of downloaded music, in the global digital music market, is witnessed, in terms of value. In the report, PMR has segmented the global music streaming market on the basis of type of streaming,... Read More
October 1, 2018 – CD Sales Are Not Dying, But They Are Heading Towards Niche Status Like Vinyl: Analysis
The mid-year installment of the RIAA’s outlook on how the U.S. music industry is performing created quite a stir when it counted sales of compact discs in the first half of 2018 at 18.6 million, worth $245.9 million. That number, compared to the first six months of 2017, translates to a 46.9 percent drop on a unit basis and a 41.5 percent drop on a dollar basis, from 35 million units and $420 million. It’s clear the CD is definitely on its way to being a niche business like vinyl,... Read More
September 26, 2018 – More Millennials, Gen Z Are Using Social Apps
Younger internet users are spending more time on social apps this year, according to a May 2018 survey from social video marketing agency VidMob. And no one more so than Gen Z. Of the 1,000 US internet users surveyed, more than half (56%) of Gen Zers, ages 16 to 24, said they had increased their use of Snapchat in the past year, and another 55% of respondents said they are using Instagram more. And those weren’t the only mobile apps where usage increased.... Read More
September 24, 2018 – 5 Ways to Help Your Music Get Discovered in the New Digital Age
The Outline recently published an article titled, “Finding New Music in the Algorithm Age.” The piece collects input from six experts and industry veterans, people who work with artists day in and day out, about where they turn to find out about new music in the changing digital landscape of music discovery. This analysis of the article by Soundfly selects some of the interesting points gleaned from these conversations, and reframes them as advice for artists looking to increase their chances of being discovered online — from leveraging the advantages that online platforms provide to ensuring that tried-and-true methods of artist outreach are not overlooked.... Read More
