Pricewaterhouse Coopers released a report about the global entertainment and media markets. The research covered both the radio and music market segments. The report found that radio had total revenue of $20.67 billion in 2014. On the other hand, the music industry was valued at $15.06 in 2014 and total recorded music revenue was $6.01 billion. Continue Reading
The growing use of smartphones for managing all aspects of digital life is a pertinent issue for the entire audio industry. A newly-released study from the Pew Research Center defines the smartphone usage footprint across age groups, and tracks how music/podcasts are consumed. Continue Reading
GlobalWebIndex released research into the online behavior of teenagers. The participants covered 16- to 19-year old Internet users in 32 different countries worldwide. Entertainment is a top online activity for this age group, with 60% reporting that they had listened to music on a streaming service in the past month. Continue Reading
Brief news items and worthy reads from around the web: Billboard on global digital music projections; Spotify adds touch and swipe controls on mobile. Continue Reading
Now that we’ve set off on a fresh new year, we’re getting some interesting and insightful perspectives on everything that transpired in the music world during 2014. Data scientists have had the time to collect final numbers and finish analyses. On Jan. 2, we got a preliminary look at the work of Nielsen SoundScan team, which showed a general trend of increased streaming and decreased sales. Today, we have the 2014 Nielsen Music U.S. Report to expand on those first finds. Continue Reading
Continuing the year-end roundup, BPI released data about sales and streams in the UK. The industry group reported a doubling in number of streams to 14.8 billion songs. Streaming accounted for 12.6% of music consumed in the nation in 2014. Continue Reading
Most of today’s online music services include some feature that encourages listeners to discover new artists and songs. According to a new study from MusicWatch, though, the biggest driver of discovery is actually online video. Numbers from the consumer research company showed that 34% of respondents said video services were the most influential source of new music discovery. Continue Reading
Streaming services may be doing more than people realize to help music sales. According to a survey of music consumers by the Country Music Association, the respondents were more likely to buy music after hearing it on a streaming platform than if they heard the same song on terrestrial radio. Continue Reading
TuneCore released the results from a survey of its music distribution account holders asking their opinions about the music industry and the role of online platforms. The responses were overwhelmingly positive toward streaming services. Continue Reading
Mark Kassof shared data from a recent survey about the attitudes of teenagers toward FM radio. The 506 online surveys of respondents aged 13 to 20 revealed that only 7% listened to FM radio the most for music. Even online streams of terrestrial stations had limited reach. Just 16% of respondents said they listened to online radio station streams often, while 31% said the did so sometimes. Twenty percent hardly ever listened and 26% have never done so. Smartphone apps for AM and FM radio stations also had limited reach: 49% have never listened on those services. Continue Reading
UK media regulator Ofcom found a 9.1% decline in digital audio broadcasting sets sold in the year ending in June. The annual digital radio report revealed that at 1.7 million sets, the past year had the lowest number sold since at least 2009. The report also showed flat performance for digital radio’s share of all radio listening, holding steady at 36.8%. Its findings for the popularity of digital radio indicated that the UK listeners are scattered in their preferences. Continue Reading
Research from Localytics confirmed that mobile is still the rising trend for music services. In the company’s analysis of app usage over the past year, people spent 79% more time in their music programs, which translates to 64 more minutes per month. Compare that with the average increase of 21% for time spent across all apps. The next closest category to music was health and fitness, which posted a 51% rise for time spent in-app. Continue Reading