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.
August 30, 2017 – Music Industry Will Hit $41 Billion By 2030 According to New Goldman Sachs Report
The global recorded music industry will grow into a nearly $41 billion behemoth by 2030, thanks largely to the growth of streaming, according to Goldman Sachs analyst Lisa Yang and her team. The Goldman Sachs analyst further predicts that streaming will account for $34 billion of that, of which $28 billion will come from paid subscription while $6 billion will come from ad-supported streaming services. Click here to read more.... Read More
August 29, 2017 – For Many Marketers, Email Is Still King
As a channel to reach prospects and customers, email continues to thrive, even as other messaging platforms emerge. Nine in 10 marketers in North America say they use email to engage their audience, according to a September 2016 survey by Winterberry Group and the Data & Marketing Association (DMA), the most commonly used channel over digital display, owned web content and search. Click here to read more.... Read More
August 28, 2017 – [WEEKLY SALES] Brand New Becomes First Independently Distributed Artist To Hit #1 in 2017
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): “Rock band Brand New became the third Rock act and first independently distributed artist to reach #1 in 2017 on the Nielsen and BuzzAngle Music charts with their first album in eight years, Science Fiction. The record, which is currently available only via streaming and digital download with physical copies expected in October,... Read More
August 28, 2017 – The State of Play In Home Entertainment
Many are pressing play, but who’s willing to pay? According to Nielsen, in the past year, digital video viewing is on the rise for both free and paid content. And more teens are willing to pay for digital content, with 63% saying they purchased digital video in the past year, up from just 45% in 2016. Click here to read more.... Read More
August 24, 2017 – Nielsen Releases First Canadian Live Music and Brands Study
Eighty-five percent of adults surveyed for Nielsen’s first Canada Live Music & Brands Report revealed cost as one of the most important deciding factors in purchasing a live music event ticket and 70 percent buy their tickets within two weeks of the onsale. Sixty percent of their annual music spend is on live music events and 40 percent of the attendees bought the artist’s CD after the show, 29 percent streamed their music and 20 percent paid for a download(s).... Read More
August 23, 2017 – Making the Connection Between Podcast Fans and Their Purchase Behavior
There’s little doubt that podcasts, which have long been un-tethered from the iPod, are a media force to take note of. In fact, more than half of U.S. households are home to podcast fans—that’s more than 60 million homes. And while the reach of this up-and-coming medium grows, many marketers and advertisers have yet to see the connection between podcast engagement and consumer spending. Click here to read more.... Read More
August 22, 2017 – Millennials on Millennials: Lots of Love, lack of Loyalty
Millennials are often the most stereotyped, yet coveted, group for marketers. The second-largest generation group in the U.S. has now “grown up,” and its consumers have disposable incomes. This provides a plethora of opportunities for advertisers and marketers who are so eager to reach them, as Millennials are highly engaged, using multiple platforms for many hours on a daily basis. Click here to read more.... Read More
August 21, 2017 – [WEEKLY SALES] Kesha Claims Her Second #1 Album with ‘Rainbow’ after Seven Years
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): “It’s been a long journey back to the top of the charts for Pop star Kesha — 7 years, 7 months, and 10 days to be exact. Now, she can claim her second #1 album with Rainbow, which debuted atop the Nielsen and BuzzAngle Music charts this week with album equivalent sales of over 116,000.... Read More
August 18, 2017 – Glen Campbell’s Music Sales Increase 5,429% in Wake of Death
U.S. sales of Glen Campbell’s music grew 5,429 percent in the two days following his death on Aug. 8, while streams of his songs increased by 1,430 percent, according to initial data reports to Nielsen Music. On Aug. 8 and 9, Campbell’s albums sold 11,000 copies (up 2,300 percent from less than 1,000 on Aug. 6 and 7). Click here to read more.... Read More
August 17, 2017 – How music will help the smart speaker soar—and vice versa
In fewer than three years, the smart speaker has gone from head-scratcher to head-turner. Along the way, this device has brought artificial intelligence and voice commands into millions of American homes. Usually called voice-activated (VA) smart speakers, they’re often found in the living room or kitchen, taking commands and providing answers like a talking search engine with a surprising sense of humor. Most importantly to the music industry, these compact appliances excel at playing music. A new report by Edison Research shows 58 percent of VA smart speaker owners had listened to music for an average of 4 hours 34 minutes in the previous week,... Read More
