UK-based MIDiA Research has released the 2024 edition of its recorded music market shares report. The top line here has two parts: Overall global recorded music revenue ($36.2 billion), and Annual growth (6.5%). Click for much more and an illustrative infographic.
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— A New Deal (Acast)
–The Tops (Edison Research)
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“Daily just isn’t enough,” claims Mark Mulligan, Managing Director and Analyst at MIDiA Research and RAIN guest columnist. He is referring to studies which measure usage and audience size. His solution? Intraday usage tracking, That view yields a surprising ranker. Click for graphs and explanations. Continue Reading
— All The Ears (Spotify)
— The More Things Change… (MIDiA Research)
— Crossing Borders (Acast)
MIDiA notes that 2022 totals represent “a year of realignment for much of the global economy.” The research firm observes that 2021 was a boom year, possibly driven by the global Covid phenomenon. 2022 growth was not as boomy, but still a robust stoary of growing revenue. Continue Reading
Newly released research from London-based MIDiA Research shows strong growth of global music subscribers, with services in emerging markets driving the forward motion. Overall, MIDiA figures 523.9-million subscribers to music streaming platforms around the world in Q2 2021. Spotify remains the worldwide leader with 31% share of subs, but that share is down from 33% the previous year. Click for more stats and an infographic Continue Reading
Total revenues for recorded music were $23.1-billion according to MIDiA Research. Indie labels and artists outperformed in the market, as major labels underperformed. Last year artist-direct earnings broke the $1-billion threshold for the first time. Click through for more details and the infographic. Continue Reading
Mark Mulligan of MIDiA Research published research showing a long tail of music providers which is gradually taking Spotify listening share from major labels and the mighty Merlin aggregate of indie labels. This cohort of providers, growing over three years, represents a “new independent.” Click through for a revealing graphic.
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