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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January 5, 2017 – Drake’s ‘Views’ Is Nielsen Music’s Top Album of 2016 in the U.S.
Drake caps a banner year, as his smash album Views finishes 2016 as the most popular release of the year in the U.S., according to Nielsen Music. The data tracking company reports that the title earned 4.14 million equivalent album units during the year — with 1.61 million of that sum coming from traditional album sales. Overall for 2016, Nielsen reports that total music consumption rose 3.1 percent to 560.7 million units. That figure adds together traditional album sales,... Read More
January 4, 2017 – Still a Fad? Vinyl Records Return to 1991 Sales Levels
It’s been a storied resurgence for vinyl records, which now include LP, EPs, and even 45s. Once considered a short-lived fad, this comeback has been going for ten strong years. And, counting. According to the latest data, sales of vinyl records are now back to early-1990s volumes. According to data shared by British industry group BPI, vinyl record sales gained 53% in the UK alone last year. That brings the total to 3.2 million, exactly the same volumes recorded in 1991.... Read More
January 3, 2017 – BuzzAngle Music 2016 U.S. Report
Music Biz member BuzzAngle Music is proud to release its first-ever yearly report, on 2016 U.S. music consumption. 2016 was another successful year in music, with overall consumption rising 4.2% over 2015, marking the second year in a row with solid growth. The continued explosion of audio stream consumption, which increased 82.6% to 250B streams, fueled this increase. Both album sales and song sales continued to decline but the transition to these new access methods has shown to provide overall growth and a sustainable business model for the future.... Read More
December 27, 2016 – The Most Wonderful Time of the Year — for Shopping!
Winter is here, and for many Americans, that means the holiday hunt for gifts (and deals) has officially begun. Holiday shopping begins earlier and earlier each passing year. In 2015, half of Americans had started their holiday shopping by Nov. 2. This year, consumers have maintained pace, where 51% had started their holiday shopping by Oct. 28, and 55% had started by Nov. 11. Thirty-nine percent of consumers planned to shop for the holidays on Thanksgiving evening,... Read More
December 22, 2016 – Traditions (Yearly & Quadrennial) Shapes the Radio Landscape in December
The year-end holidays are just around the corner and everywhere you look (and listen), annual traditions are taking shape as Americans get ready to close the book on another year. Holiday music now fills the airwaves across many stations from coast to coast, while the forthcoming start of a new presidential administration remains the lead news story across News/Talk stations. Read more here.... Read More
December 19, 2016 – Music Drives Top 3 Most Wanted Tech Gifts Of 2016 [CHART]
According to a study by the Consumer Technology Association, music driven products are among the most wanted tech gifts of 2016. Headphones and a portable Bluetooth speaker are #1 and #3 respectively, and since #2 (smartphones) are increasingly how consumers access music, the industry could claim all of the top three. Read more here.... Read More
December 19, 2016 – Deeper Than Dollars: Global Perceptions About Premium Products
Around the world, consumers are looking for a taste of the good life. And it’s not just those who are wealthy. Sales of products in the “premium” tier—which Nielsen defines as goods that cost at least 20% more than average price for the category—are growing at a rapid pace. In fact, the growth of the premium sector in many markets is outpacing total growth for many fast-moving consumer goods (FMCG) categories. Click here to read more.... Read More
December 13, 2016 – Why 2016 Will Go Down As a Giant Year for the Global Recorded Music Business
Early indications are that the global recorded music business is set for its first significant recovery in over 15 years in 2016 – as streaming keeps growing in markets where many predicted it had hit its limit. Half-year 2016 data collated by MBW shows significant growth in no less than 12 key nations, indicating that a revenue increase in the region of 5% should hold true for the worldwide label business across 2016. Read more here.... Read More
December 12, 2016 – [WEEKLY SALES] ‘Hamilton’ Makes Grand Entrance on Charts with Mixtape
James Donio, President of the Music Business Association (Music Biz), commented on this week’s sales numbers issued by Nielsen (published in Billboard) and BuzzAngle Music (published in HITS Daily Double). “The Broadway sensation Hamilton: An American Musical made a major mark on the charts this week, as the new Hamilton Mixtape debuted at #1 on the Nielsen and BuzzAngle Music Charts, earning approximately 190,000 album equivalent units. The album includes guest appearances by artists including Chance The Rapper,... Read More
December 9, 2016 – Losing A Legend: How Leonard Cohen Fans Pay Tribute
Adding to the loss of so many music icons throughout 2016, the recent death of singer-songwriter Leonard Cohen highlights the impact that the passing of an artist can have on music sales and streaming. Canadian fans paid tribute to Cohen not only by consuming music from across his catalogue, but by engaging with music from related artists’ repertoires as well. Click here to read more.... Read More