State of the Music Publishing Nation
Now that streaming is settling into its role as the de-facto mode of consumption (contributing to 50% of music industry revenues last year), the acceleration of publishing growth is becoming more apparent, with increased growth rates for the past three years.
via Midia Research
Global Streaming Music Market Reaches Saturation
From 2018 onwards, streaming music growth will lessen each year, falling from 29% in 2018 to 7% in 2026. The slowdown in revenue growth reflects the maturation of developed streaming markets such as the US, UK, Sweden, Netherlands and Australia.
via Media Research
Why 2017 is Shaping Up to be the Year of Music Streaming
On-demand audio streams have reached more than 184 billion so far in 2017, that’s a considerable 62.4% increase over the same period last year, according to Nielsen’s U.S. Music Mid-Year 2017 Report.
Streaming is Largest Revenue-Generator for Music Industry
RIAA’s 2015 year-end music sales & shipments report is now published with a unique and comprehensive look at the state of the U.S. music business. A quick snapshot reveals that streaming, now the largest revenue-generator for the industry, helped grow the overall business by just shy of 1% year-over-year.
How Music-as-a-Service is Transforming the Industry
Recorded music is the most mature segment of mobile entertainment. Given the current spread across competing platforms, it’s clear that online digital distribution is now the core of that industry. And, when offered a choice, fewer people will opt to own copies of music recordings.
Streaming Music Services Reach $1.87 Billion in the U.S. Market
American music streaming service revenues increased by 29% last year to reach $1.87 billion, accounting for more than one-quarter of total industry revenues. Growth was at the expense of both digital downloads and physical media revenues.
Smartphones and Tablets Gain Share of Digital Audio Usage
Digital audio consumption is moving to mobile. American smartphone listeners will grow nearly 15% to just under 100 million people — that’s 52.3% of smartphone users. Moreover, 77.3 million people will listen via tablets — that’s 45.5% of digital music listeners and 48.7% of tablet users.
Global Mobile Music Market will Reach $21.3 Billion by 2021
The consumption of music on mobile devices is the key trend to watch. It’s a huge market. Strategy Analytics says that the total global mobile music market value will grow from $12.8 billion in 2014 to reach $21.3 billion by 2021. However, there’s been a decline in pay-per-download sales.
UK Online Streaming Creates Challenges for Music Industry
The popularity of music streaming services in the UK continues unabated. The British Recorded Music Industry says music listeners in the UK streamed 14.8 billion tracks in 2014 — that’s up by 97.3% on the 7.5 billion streamed in 2013.
How Mobile Cloud Services will Disrupt Old Business Models
The competition for market share in the mobile cloud arena will escalate during 2015. The cloud content and services markets — enabled by the ubiquity of smartphones and media tablets — are now the battleground between major content providers, device manufacturers and internet service providers.
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