Two Major Mid-Year Reports Show A Growing Music Industry

SOURCE:

Sign in to view read count
Two new studies by leading music industry data and analytics firms BuzzAngle and Nielsen offer a deep dive into music consumption in the first half of 2017. Statistics from both show a growing music industry driven by impressive gains in streaming.Two new reports chronicle a growing recording industry.

Weekly on-demand audio streaming surpassed seven billion in March of 2017. In the the first six months of 2017,  there were 184.3 billion on-demand audio streams- a 62% increase over the same period in 2016, according to a new Nielsen Music report.  A similar analysis by BuzzAngle put audio streams at 179.8 billion, up 58.5% over 2016.

Some  highlights from the BuzzAngle Music 2017 Mid-Year U.S. Report

The first half of 2017 saw a continued increase in total consumption, growing 9.9% over 2016 YTD (293.0 million project units in 2017 YTD vs. 266.6 million album project units in 2016 YTD)

Song Consumption for 2017 YTD was up 29.5% over 2016 YTD (1.5 billion song project units in 2017 YTD vs. 1.2 billion song project units in 2016 YTD).

Audio streams reached 179.8 billion, up 58.5% over 2016 YTD.

Subscription streams grew 69.3% and accounted for 78.6% of total audio streams in 2017 YTD, up from 73.6% in 2016 YTD.

Overall album sales were down 13.9% compared to 2016 YTD (74.0 million in 2017 YTD vs. 86.0 million in 2016 YTD).

Digital album sales in 2017 YTD were down 24.3% over the previous year (34.5 million in 2017 YTD vs. 45.6 million in 2016 YTD).

Digital album sales accounted for 46.6% of all album sales in 2017 YTD, down from 53.0% over 2016 YTD.

Physical album sales were down 2.1% (39.6 million in 2017 YTD vs. 40.4 million in 2016 YTD). Physical album sales accounted for 53.4% of all album sales in 2017 YTD, up from 46.9% over 2016 YTD.

Vinyl album sales were up 20.4% over 2016 YTD while CD album sales were down 3.9%. Vinyl albums accounted for 4.9% of all physical album sales, up from 3.5% in 2016 YTD.

Song sales (downloads) in 2017 YTD were down 23.8% compared to 2016 YTD (313.3 million in 2017 YTD vs. 410.9 million in 2016 YTD).

Download the full BuzzAngle Report free here.

Download the full Nielsen Music Report free here.

Continue Reading...

This story appears courtesy of HypeBot.
Copyright © 2021. All rights reserved.

Post a comment

Tags

Jazz News

Popular

All About Jazz needs your support

Donate
All About Jazz & Jazz Near You were built to promote jazz music: both recorded albums and live events. We rely primarily on venues, festivals and musicians to promote their events through our platform. With club closures, limited reopenings and an uncertain future, we've pivoted our platform to collect, promote and broadcast livestream concerts to support our jazz musician friends. This is a significant but neccesary step that will help musicians and venues now, and in the future. You can help offset the cost of this essential undertaking by making a donation today. In return, we'll deliver an ad-free experience (which includes hiding the sticky footer ad). Thank you!

Get more of a good thing

Our weekly newsletter highlights our top stories and includes your local jazz events calendar.