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 13, 2017 – Sam Hunt, FGL Loom Large in Country Music’s Embrace of Streaming in 2016
When executives look back on shifts in country music in future years, they might well point to 2016 as the moment when the transition was most evident. Country streaming grew by 57 percent while country track downloads shrunk 23 percent, according to Nielsen Music, indicating that the genre’s customers are increasingly comfortable with the music industry’s new paradigm of accessing music instead of owning it. Read more here.... Read More
January 12, 2017 – In Just 7 Years, Vinyl Records Have Gone from ‘Fad’ to ‘Billion Dollar Industry’
Looks like those beard-growing, wine-sipping hipsters were on to something. That is, a billion dollars worth of something. According to a game-smashing prediction released this morning, sales of vinyl records are set to become a billion dollar industry. That is, in 2017 after just seven years. Specifically, sales of records themselves will reach the $800-900 million-mark, with turntables and other accessories likely throwing things into 9-figures. Click here to read more.... Read More
January 11, 2017 – Nielsen 2016 U.S. Music Year-End Report
The year had barely begun when we were already saying goodbye to musical heroes gone far too soon. David Bowie, Paul Kantner, Glenn Frey, Leon Russell, Maurice White, Prince, Juan Gabriel, George Michael, Sharon Jones… the list goes on. And yet, while it’s sad that 2016 became a meme of its own, there is so much for the industry to celebrate. Music consumption is at an all-time high. Overall volume is up 3% over 2016, fueled by a 76% increase in on-demand audio streams,... Read More
January 10, 2017 – Nielsen 2016 Report: Streaming Smashes From Adele, Drake & More Offset Sinking Music Sales
As streaming rapidly becomes music’s leading format, the business is growing with it. In 2016, the industry tallied 561 million album-consumption units, according to Nielsen Music, a 3 percent increase over 2015’s 543.8 million units — the first time during the millennium that the industry has posted gains in two consecutive years. For more stats from Nielsen, click here.... Read More
January 9, 2017 – Music Subscriptions Passed 100 Million In December. Has The World Changed?
In streaming’s earlier years, when doubts prevailed across the artist, songwriter and label communities, one of the arguments put forward by enthusiasts was that when streaming reached scale everything would make sense. When asked what ‘scale’ meant, the common reply was ‘100 million subscribers’. In December, the streaming market finally hit and passed that milestone, notching up 100.4 million subscribers by the stroke of midnight on the 31st December. Read more here.... Read More
January 6, 2017 – British Retail Group Points to Music as Entertainment’s Fastest-Growing Sector
Music revenues in the U.K. grew by 4.6 percent in 2016 — driving music, video and games sales to an all-time high of £6.3 billion ($7.8 billion), according to annual figures from the Entertainment Retailers Association (ERA). In line with figures released earlier this week by labels trade body BPI, increased take-up of streaming subscription services was a key factor in boosting revenues, with streaming sales totaling £418 million ($514 million) in 2016, up 65 percent on last year when streaming generated just over £250 million ($307 million).... Read More
January 6, 2017 – Music Consumption Rises; President James Donio Releases Statement
Music Biz President James Donio released the following statement on the 2016 end-of-year sales and consumption reports released by BuzzAngle Music and Nielsen (published in Billboard): “For the second straight year, overall music consumption was notably up, strengthening hopes for a new era of music industry growth driven largely by on-demand streaming. Nielsen reported that overall music consumption grew 2% to 440.8 million equivalent album units in 2016 (3.1% to 560.7 million units when on-demand video streams are included).... Read More
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