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Mar 13, 2022 · However, music listeners increasingly discover new music through recommendation algorithms and playlists across streaming platforms. In the coming years, traditional albums will play a supporting role — while the song will take center stage, and become the staple of music creation and promotion.
Growth projections for the digital music industry in 2022 are mind-blowing. In the United States, the recorded music market is likely to be worth a staggering $9.8 billion by the end of the year, while the figure will surpass $12 billion by 2025.
Dec 30, 2019 · The U.S. has completed its transition to the new music distribution paradigm: Drake’s Scorpion takes the top spot on the BuzzAngle's end-year chart with 500 thousand CD sales vs. 6 billion on-demand streams, and A Boogie Wit Da Hoodie’s SZN reaches the #1 on Billboard with just 823 album sales. However, don’t rush to the conclusion.
- Global market overview. Global revenue of the recorded music industry 1999-2019. Global digital music revenue 2004-2019. Digital Market Outlook: digital music revenue in selected countries 2020.
- U.S. market overview. Music industry revenue in the U.S. 2009-2020. U.S. music industry - revenue distribution 2017-2020, by source. Music album shipments in the U.S. 2017 -2020, by type.
- Digital music sales. Digital Market Outlook: digital music revenue in the U.S. 2017-2025, by format. Digital music revenue in the U.S. from 2008 to 2020, by type.
- Music streaming. Music streaming growth in the U.S. 2015-2019, by format. Paid streaming music subscribers in the U.S. 2014-2020. U.S. on-demand music streams volume 2013-2019.
- Demand for Indie Music. There is one great thing about the music industry trends: someone with a musical gift, persistence, dedication, and commitment can leave a lasting impact on the world.
- Cross-Genre Production. The music consumer of today expects novelty from the artists they enjoy. Katty Perry, Michael Bolton, and the Bee Gees are all hot favorites.
- Increasing Artist Revenue Streams. Due to the ongoing pandemic, artists and labels were forced to find other ways to generate income. The new normal remains a no-no for live performances and concerts.
- Movie and TV Soundtrack Breakout Artists. Have you ever wondered who’s playing that song while watching an original Netflix movie or show? Creating playlists and casting mainstream and indie artists that are in sync with the show’s scenes and have a sound that resonates with audiences is done by an exceptional team.
Feb 1, 2022 · A new study from music research and analytics platform Viberate has suggested that TikTok will “reshape the music business” in 2022. To complement the swirl of predictions for the music industry...
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Mar 9, 2023 · 2022 Year-End Music Industry Revenue Report | RIAA. Recorded music revenues in the U.S. in 2022 continued to grow for the seventh consecutive year. Total revenues grew 6% to a record high $15.9 billion at estimated retail value.
