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Discogs Analysis Shows Continued Vinyl, Cassette Growth

Discogs Analysis Shows Continued Vinyl, Cassette Growth

Discogs has released their 2018 Mid-Year Marketplace Analysis & Database Highlights. The report emphasizes physical musical sales for both catalog and new releases, comparing them to broader industry stats from Neilson. The Discogs Mid-Year Marketplace Analysis compares data from the Nielsen Music Mid-Year Report offering a unique comparison of Nielson's B2C and online music marketplace Discogs' data, ...

Musicians Income Rises Even As Streaming Takes Its Toll

Musicians Income Rises Even As Streaming Takes Its Toll

The music industry is undergoing a major resurgence as measured by all indicators except one, according to an extensive study published by Citi GPS. Left behind are the musicians, whose creations make the rest of the music industry possible, but who are receiving less than 12% of the annual revenue. While the music industry is booming, ...

R.I.P. Six Strings: Is The Death Of The Electric Guitar Near?

R.I.P. Six Strings: Is The Death Of The Electric Guitar Near?

Fred Jacobs surveys market trends of the past several years, many of which (including the bankruptcy of Gibson) point to the dwindling popularity of that most iconic of instruments, the electric guitar. Guest post by Fred Jacobs of Jacobs Media Strategies Disruption impacts virtually every business and platform – including the guitar. Over the past couple of ...

Streaming Is Now 75% Of U.S. Music Consumption [CHART]

Streaming Is Now 75% Of U.S. Music Consumption [CHART]

There were 403 billion on-demand music streams (video + audio streams) in the United States in the first half of 2018, according Nielsen’s 2018 Mid-Year Music Report. Using the industry standard of 1500 streams equals one album sold,  that means nearly 270 million albums sold in the last six month. As this Statista chart illustrates, streaming ...

Average Musician Is Earning Less Than Ever [New Study]

Average Musician Is Earning Less Than Ever [New Study]

In some unfortunate although perhaps not surprising recent news, a new study has revealed that, apart from those operating at the top rung of the business, the average musician is now pulling down less income from their work than ever before. Guest post by Bobby Owsinski of Music 3.0 I don’t think that anyone would deny ...

Sony Predicts Growth Slowdown For Music Industry

Sony Predicts Growth Slowdown For Music Industry

The recorded music industry has been on the up and up for the past few years, seeing double digit growth thanks to the magic of streaming. As with so many good things, however, doomsayers at Sony are predicting this precipitous growth will soon come to an end. Guest post by Bobby Owsinski of Music 3.0 The ...

24,000 Tracks Uploaded To Music Streamers Every 24 Hours

24,000 Tracks Uploaded To Music Streamers Every 24 Hours

20,000 to 24,000 tracks are uploaded to Spotify, Apple Music, Napster and other streaming music service every 24 hours. That's 1 million tracks every 6 weeks.  Let's that number sink in for a moment and imagine how hard it is to break through that much clutter. In March, Spotify CEO Daniel Ek shared that 20,000 tracks ...

Google Home Smart Speaker Sales Soar, Great News For YouTube Music

Google Home Smart Speaker Sales Soar, Great News For YouTube Music

Two analysis of the smart speaker market paint a somewhat different picture. But both point to two trends: smart speaker sales are soaring and Google Home smart speakers are gaining ground on Amazon. That's good news for all music streamers, particularly YouTube Music. A new Strategy Analytics survey concluded that Amazon shipped 4 million Echo speakers ...

Record Store Day 2018 Break Sales Records (pun intended)

Record Store Day 2018 Break Sales Records (pun intended)

Record Store Day 2018 broke many sales records and proved that U.S. vinyl sales are not tapering off any time soon. The 733,000 LPs sold during Record Store Day week 2018 set an all-time high, according to Nielsen Music. Independent record stores set other all-time Record Store Day week highs including Vinyl LPs sold, at 580,000; ...

How Much Does Streaming Earn U.S. Record Companies? [CHART Year To Year]

How Much Does Streaming Earn U.S. Record Companies? [CHART Year To Year]

Revenues from recorded music in the United States grew from $7.5 billion in 2016 to $8.7 billion in 2017.  In 2017, subscription and ad-supported accounted for 65% of U.S. recorded music revenues, up from less than 10% in 2011. 2017 was also the first time in years that physical sales eclipsed download revenues.    RIAA statistics ...