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Vinyl Resurgence and Music as an Experience Fuel Return of Physical Music Retail
Are three buzz phrases enough to capture the excitement of anecdotal evidence of retail's return? Maybe so but I think it's truly exciting that the vinyl resurgence has helped fuel both new sales of physical music (especially vinyl and CDs) and the opening of new retail outlets that sell music as part of a larger experience. ...
The Rise of Indie Streaming
By Peter Getty. Streaming music is a music lover’s dream. We now have access to the work of a wide range of artists, either for free (with ads) or for a small monthly fee. Popular artists are even making money on the model, with heavy rotation with services like Pandora, Beats, and Spotify. For smaller artists, ...
Slow Growth Ahead for Digital Music, Says New Juniper Study
There's not a lot of good news in a new report from Juniper Research which found that the digital music industry will experience slow growth in revenue over the next 5 years, from $12.3 billion this year to just $13.9 billion in 2019. Strong performance in streaming music will largely be offset by decline in revenues ...
Here's What 13 to 40 Year Olds Claim About Their Experience of Music
This week the Viacom Music Group released research finding regarding the “Music Experience" of today's 13 to 40 year olds. It's an interesting study with plenty that will be taken out of context leading to confusion (which isn't a bad thing if the confused people are your competitors) and some really interesting points that may not ...
Music Sales Continue Slide as Streaming Soars, Nielsen Report Shows
Nielsen SoundScan and Nielsen BDS has released their analysis of 2014 mid-year U.S. music sales airplay and streaming data for the 6-month period of December 30, 2013 through June 29, 2014. The data, collected from U.S. point-of-sale, radio airplay and music streaming, shows that in the first six months of 2014, sales of albums are down 14.9% ...
How One Generation Was Single-Handedly Able to Kill the Music Industry
Album sales used to be the favorable metric when calculating an artists success or failure, but with that business model long since out the window, new artists are fighting to stay relevant. Through mobile sharing apps, livestreams, and third party downloading sites, millennials have upped the demand intensely over the last decade. Knowing how to meet ...
iTunes Music Sales Dropping, iTunes Radio Adding Non-Music Content
Lots of changes happening in the world of Apple audio content. iTunes Store sales have been declining for quite a while versus App Store sales and that discrepancy is being described as due to a decline in digital music sales. Apple's most recent quarterly report describes the situation a bit differently but also points to declining ...
New Research Study Reveals Concert Goers' Mobile Behavior Before, During and After
From musicians responding to fans' smartphone habits to a variety of studies regarding mobile devices and live shows, it's clear that mobile devices, especially smartphones, are becoming a bigger part of the live music experience. A new study from the Interactive Advertising Bureau and InMobi, a native ad exchange, gives an updated look at concert-goers use ...
The Future of Music Discovery is in the Numbers
By Kyle Billings from Berklee College of Music's Music Business Journal. Information is changing the music industry; not only in the ways we consume and discover music, but as well in the ways companies are arming themselves for competition. Streaming services see gold in the figures that fuel recommendation algorithms, and now content companies, driven too ...
Global Digital Music Market to Grow to $9 Billion in 2014, Says New Study
The digital music market grew 9% in ' 12 and will grow to $9 billion worldwide in 2014. It's driven by expansion in international and regional music brands and 20%+ smartphone growth in South East Asia, India and Africa. The study, by Mahindra Comviva and Ovum Consulting, predicts that Asia-Pacific digital music markets will approach $450 million and Latin America will top $200 million in 2014. Lean Back vs. Lean ...
