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All Streaming Music Services Gain After A Q1 Lull, But Rankings Remain Unchanged
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HypeBot
YouTube is still the world's most popular streaming music service, according to tracking from the analysts at MIDiA. But Spotify is growing at such a clip that it might be able to close the gap. In fact, in the UK, Spotify surpassed YouTube for music among Gen Z's 16-19 year olds. Analysis From Mark Mulligan of MIDiA “YouTube is the world’s leading streaming music app and this is true of the larger, mature markets. The continual breaking of YouTube music ...
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Goldman Sachs Predicting $28 Billion Streaming Music Market - Should Anyone Care?
Source:
HypeBot
In its most recent 'Music In The Air' report, Goldman Sachs is speculating that the music streaming industry will be pulling in $28 billion by 2030, and while this certainly seems like good news for the music business, the prediction comes with certain caveats, and should be taken with a grain of salt. Guest post by Bobby Owsinski of Music 3.0 Goldman Sachs raised some eyebrows recently with it’s latest Music In The Air report that predicted the streaming music market alone would ...
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3 New Statistics About Millennials’ Live Music Tastes
Source:
HypeBot
A new slew of research is out on millennials' live music preferences, showing that they both are attending festivals more often and for a broader variety of reasons, including the need to engage with a community and support artists they feel are affecting positive social change. Guest post by Rachel Grate of Eventbrite Millennial attendance of music festivals has nearly doubled in just three years. New Eventbrite research shows that 29% of millennials have attended a music festival in the last 12 ...
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Elvis Presley and The Tale Of Two Very Different Music Industries
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HypeBot
Elvis is King! Or is he? As we commemorate 40 years since his death, how are Elvis and his fellow legacy artists fairing in the new music industry landscape as compared to their younger counterparts? Is YouTube for everyone, for example? And Spotify promises long tail revenue, but does that include Elvis and his peers? Guest post by Zach Fuller of MIDiA Research This week marks 40 years since the passing of Elvis Presley. Whilst ‘The King’s’ emergence has come to ...
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How Music And The Smart Speaker Will Help Each Other Succeed
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HypeBot
The recent rash of voice-activated internet-enabled speakers (looking at you Echo) have quickly risen to become Pandora's most rapidly growing consumer electronics product. Here we look at how this trend will benefit both smart speakers and the music industry as a whole. Guest post by Glenn Peoples, Music Insights and Analytics at Pandora from Medium 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 ...
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Paid Music Streaming: Where Are We Now? Where Are We Going? [Mark Mulligan]
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HypeBot
There is no question that streaming is driving a new era in the music industry. But where is streaming now and where does it fits in the longer term evolution of the music market? MIDiA analyst Mark Mulligan looks for answers. By Mark Mulligan of MIDiA Streaming has driven such a revenue renaissance within the major record labels that the financial markets are now falling over themselves to work out where they can invest in the market, and indeed whether they ...
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Vinyl Sales Are Flattening, But Why?
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HypeBot
The income boost that many artists and labels get from vinyl record sales is in danger of shrinking. This year vinyl sales grew just 2% compared to 12% in 2016, according to new data from Nielsen Music. Why are vinyl record sales flat? Have we just reached a saturation point or are there other factors that the industry could overcome? “It’s flattening out,” Steve Sheldon, president of Los Angeles pressing plant Rainbo Records told ChannelNews. But Sheldon doesn’t see a ...
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