Global recorded-music revenues grew by 8.1% in 2017 says IFPI

The global recorded-music market was worth $17.3bn in 2017, up 8.1% on 2016 in what was a third consecutive year of growth for the industry. This is according to the IFPI’s Global Music Report, which is being published today. No surprises in terms of what’s driving this. Music-streaming revenues grew by 41.1% to $6.6bn, and […]

Report: US iPhone app spending grew by 23% in 2017

Sensor Tower is the latest research firm putting out numbers on the apps market for 2017, this time focusing on iPhone app spending in the US. It claims that the average amount spent per active iPhone in the US was $58 last year, up 23% from 2016’s figure of $46. This covers spending on premium (pay up-front) […]

Report claims Apple’s music app has 49.5m users in the US

Research firm Verto Analytics has put out some new numbers comparing Apple Music and Spotify in the US, but it’s important to understand exactly what it’s measuring. And what it isn’t. “This month’s Verto Index looks at the top streaming music properties, from Apple Music to TuneIn Radio, among U.S. adults (ages 18 and above)” […]

US recorded-music revenues rose 16.5% in 2017 to $8.72bn

US industry body the RIAA has published its figures for recorded-music revenues in 2017, and they show a 16.5% rise in ‘estimated retail value’ to $8.72bn. That represents accelerating growth, after an 11.4% rise in 2016 to $7.65bn. On a wholesale basis – the revenues collected by labels after retailers and digital services have taken […]

Spotify, Pandora and Apple Music attract US young adults

Research firm Morning Consult has published the results of its latest survey, of 2,201 American adults, focusing on the music-streaming market. It found that 30% said they have a Pandora “subscription”, while 21% have Spotify and 15% Apple Music. We’ve put subscription in quote marks because, unhelpfully, Morning Consult is talking about free users as […]

Nearly 8.3m Brits were music-streaming subscribers in January

While recent ERA and BPI figures have made much of the growth in revenue and consumption of music streaming services in the UK, they didn’t explains how many people in Britain pay for a music subscription. Now we have a – tentative – answer: ERA consumer tracking figures – which are based on 2.5k people […]

YouTube targeted as German music revenues show slight decline

We’ve already seen strong recorded-music revenue growth in the 2017 figures from a number of countries, but Germany isn’t among them. Stats published yesterday by industry body BVMI revealed that recorded music generated €1.59bn (around $1.94bn) in Germany last year, down 0.3% on the previous year. This is perhaps not a surprise, given the continued […]

New report quantifies the independent US creative economy

A new report published by a lobbying coalition called Re:Create – we’ll get to who that is in a bit – is trying to put some numbers to the independent creative economy in the US. The report is deliberately narrow in focus, attempting to calculate how much musicians, filmmakers, artists and other creators earned from […]

eMarketer claims Facebook is losing more younger users

‘Young people are ditching Facebook’ is a tech-industry trope that’s been running for at least five years now, without yet having an obvious impact on the social network’s growth or revenues. However, eMarketer’s latest report at least has data to back up its claim: “This year, for the first time, less than half of US […]

eMarketer claims YouTube is ‘close to saturation’ in the UK

Research firm eMarketer has published some data for YouTube viewership in the UK, claiming that more than 90% of people classed as ‘digital video viewers’ regularly visit the service. “In 2018, 40.4 million people, or six out of 10 people in the UK, will watch video via the YouTube app or website at least once […]

17% of VC-backed startups have at least one woman as a founder

A study conducted by CrunchBase has found that only 17% of startups receiving their initial round of venture funding in 2017 had at least one woman as a founder. What’s more, that percentage has stayed static since 2012, having risen steadily in the three years before that. In 2017, all-women teams accounted for 3% of […]

Pandora was fourth top non-game app for revenue in 2017

Pandora was the fourth biggest non-game app across Android and iOS in 2017 in terms of revenues, according to app analytics firm SensorTower’s end-of-year report. Its analysis of in-app purchases ranks Pandora behind only Line, Tinder and chart-topper Netflix – with the latter thought to have earned $510m from in-app subscriptions in 2017, up from […]

NPR / Edison: One in six Americans now own a smart speaker

January has already seen a flurry of new research into smart speakers, timed to coincide with the CES show in Las Vegas. The latest example comes from NPR and Edison Research, who surveyed 1,816 Americans in November and December. 16% said that they own a smart speaker, which scales up to around 39 million people […]

On-demand video was 22.8% of US music consumption in 2017

We reported on the latest music-consumption stats from the UK yesterday, but now Nielsen has published its data for the US, revealing even bigger growth for 2017. Specifically, sales and streams of albums and songs grew by 12.5% last year in the US, driven by a 59% increase in on-demand audio streams. Nielsen also noted […]

UK spending on recorded music grew by 9.6% in 2017

Brits spent more than £1.2bn on recorded music in 2017, a year-on-year increase of 9.6% fuelled by the growth of streaming subscriptions. Figures released by the Entertainment Retailers Association (ERA) revealed that people spent £577.1m on streaming subscriptions, up 41.9% from 2016’s £406.6m. This more than outweighed a 3.4% decline in physical sales to £459.4m […]

Paid online-music market tipped to grow 59% in China

The market for ‘paid online music’ in China is expected to grow by 59% this year to $455m according to research firm iResearch, whose prediction is quoted prominently in the Financial Times’ latest piece on China. It focuses on the evolving dynamics of the Chinese streaming market, where the exclusive licensing deals signed by Tencent […]

With 16m music subscribers Amazon is no longer a dark horse

We’ll stress upfront that this isn’t an official announcement from Amazon: the company hasn’t abandoned its policy of keeping its key music stats to itself. Instead, this is an estimate from Midia Research, claiming that with 16 million subscribers across Prime Music and Music Unlimited, Amazon is now the third biggest music-subscription service in the […]

Apple and Google app stores reached new heights in Q3 2017

The latest report from research firm App Annie claims that combined app downloads on iOS’ App Store and Android’s Google Play were nearly 26bn in the third quarter of this year. That’s up 8% year-on-year, and as App Annie points out, the figure relates to new app installs, not reinstalls or app updates. The post […]

RIAJ research gives new insights into streaming challenge in Japan

What’s the most popular way to listen to music in Japan? Many people in the music industry’s first answer would be CD, given the market’s continued domination by physical sales. But no. According to research published earlier this year by industry body the RIAJ, the most popular way to listen to music in Japan is […]

RIAA half-year figures reveal 17% rise for US recorded-music revenues

Paid music-streaming subscriptions are the star of US industry body the RIAA’s latest half-year figures, which show a 17% year-on-year rise in recorded-music retail revenues in the first six months of 2017. That means $4bn of spending on recorded music in the first half of the year, up from $3.4bn in the first half of […]

Smartphones reaching usage tipping-point in the UK

2017 is set to be a tipping point in the UK for the way people access the internet, with smartphones overtaking desktop and laptop computers for the first time. That’s in terms of time spent a day, according to research firm eMarketer. It claims that this year, Brits will average one hour 59 minutes on […]

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