Report: there were 400m music subscribers globally at end of Q1 2020
Posted on: 23 juin 2020, by : Stuart Dredge

There were 341 million people using paid music subscriptions at the end of 2019, according to global music industry body the IFPI. Now we’ve got an update on that figure, albeit from a different source.
Consultancy firm Midia Research has published its music subscriber market share figures for Q1 2020, claiming that by the end of March there were 400 million music subscribers globally.
By Midia’s reckoning, that’s year-on-year growth of 30%, with 93 million net new music subscribers added since the end of March 2019. In his blog post, MD Mark Mulligan noted that this is an acceleration in growth, since the prior 12-month period had seen 77 million net new subs.
(Note: we’re nearly at the end of Q2 2020 now. If the rate of growth had continued – a big assumption, given the uncertainties around the Covid-19 pandemic – the global total should be past 420 million at the time of writing.)
The post Report: there were 400m music subscribers globally at end of Q1 2020 appeared first on Music Ally.
Source: Music ally

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