Data & Research Archives - Digital Music News

DMN Pro Weekly: US-Based Recorded Music Sales Are Still 36% Below 1999 Inflation-Adjusted Peaks, Latest Data Reveals

Paul Resnikoff — Thu, 07 Nov 2024 02:01:57 +0000

Here’s a hard, inflation-adjusted look at the actual state of recording music sales in 2024 – and where things might go next.

Somewhere, in the gigantic and conflicting jumble of music industry statistics being bandied about, recorded music sales made a clean comeback. The phrase, ‘streaming saved the music industry,’ is partly true. However, when it comes to actual recorded music revenues, the latest data reveals that streaming hasn't come close to powering an actual recorded music sales comeback, particularly in the largest recorded music market.

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Core Music Industry Funding Jumped in October — As the YTD Total Remains Well Beneath Its 2023 Counterpart, DMN Pro Data Shows

Dylan Smith — Wed, 06 Nov 2024 00:53:00 +0000

Core music industry funding achieved a significant year-over-year increase during October, though the YTD total remains well beneath its 2023 counterpart, according to an analysis of DMN Pro data.

These and other valuable takeaways come specifically from the Music Industry Funding Tracker, DMN Pro’s searchable, filterable database of funding rounds from in and around the industry. Previously, we crunched the numbers and identified a substantial Q3. . .

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Facebook Marketplace Is The Biggest Source of Ticket Scams, Lloyds Study Claims — With Oasis Fans Accounting for 70% of Scams Since Late-August

Ashley King — Tue, 05 Nov 2024 18:46:58 +0000

Ticket reseller scams are a tale as old as time. Now a new report suggests social media is used to facilitate 90% of these ticket scams.

A Lloyds report focusing on analysis of scam reports made by its own customers discovered the Oasis Live ‘25 tickets are a favorite for scammers. Ticket fraud claims in the first month since the . . .

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So Long, CDs — Billboard Boots All Physical Sales Data from ‘Market Watch’ Following Vinyl Removal

Dylan Smith — Mon, 04 Nov 2024 21:29:13 +0000

The latest installment of Billboard’s weekly “Market Watch” sales breakdown is here – minus figures pertaining to CDs and all other physical formats, which have been removed from the commercial snapshot.

As many already know, that U.S.-focused commercial snapshot consists of data provided by Luminate, which elicited strong indie-retail pushback after retooling its sales-calculation methodology at the top of 2024.

Followed by additional pivots in the wake of further opposition, this recalibration (at least according to critics) . . .

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How Important Is the Music Industry to U.S. GDP? Now We Have the Answer (And a State-by-State Breakdown)

Dylan Smith — Thu, 31 Oct 2024 19:11:38 +0000

Just how much money does the music industry contribute to the United States’ GDP? Courtesy of a new report, we have an answer to the question – on top of more intricate information about specific states’ own contributions.

That report comes from the RIAA, which tapped Secretariat’s Robert Stoner and Jéssica Dutra to create the top-level music industry GDP analysis as well as the state-level breakdown. The third such deep-dive published since 2018, the report focuses chiefly on 2017-versus-2020 comparisons and rather unsurprisingly draws from all manner of data sources. . .

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Are CDs Coming Back? A Look at the Strange New Data on Discs

Paul Resnikoff — Thu, 31 Oct 2024 04:00:19 +0000

After flatlining into obscurity, is the CD format quietly staging a comeback. . .

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U.S. CD Sales Are Down 19.1% Year Over Year, Billboard’s Luminate Data Breakdown Shows — A Stark Contrast to the RIAA’s H1 2024 Sales Stats

Dylan Smith — Tue, 29 Oct 2024 04:00:11 +0000

It’s a tale of two CD sales stats: Luminate is pointing to a 19.1% year-over-year falloff in the format’s stateside units moved – a stark contrast to the 3.3% YoY units-sold growth attached to the same category for H1 2024 by the RIAA.

The data discrepancy has entered the media spotlight on the heels of Billboard's removal of Luminate-powered vinyl sales figures. And that step arrived against the backdrop of . . .

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Billboard Removes Vinyl Sales Figures From Its Site After Posting 33% Year-Over-Year Declines

Paul Resnikoff — Mon, 28 Oct 2024 01:42:55 +0000

What are vinyl record sales like in the US? Don't ask Billboard, which has now scrubbed its site of vinyl sales figures after reporting an extreme 33.3% year-over-year sales decline.

That shocking decline raised serious questions about the 'vinyl comeback' and resulted in an investigatory report by DMN Pro. Unfortunately. . .

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CISAC Reports Over $12.6 Billion in 2023 Global Music Collections Amid Continued Digital and Live Growth

Dylan Smith — Thu, 24 Oct 2024 16:20:46 +0000

CISAC member societies achieved 7.6% year-over-year collections growth to hit a record $14.14 billion/€13.09 billion in 2023 – including $12.69 billion/€11.75 billion specifically for music usages (also up 7.6% YoY).

The International Confederation of Societies of Authors and Composers (CISAC) revealed these stats in its 2024 annual report, which is based on data from 227 member CMOs. Diving directly into the relevant numbers, the €13.09 billion in total collections marks a nearly 30% improvement from pre-pandemic 2019, the resource shows.

Behind the 2023 sum for music, $3. . .

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Has the Vinyl Comeback Been Greatly Exaggerated? A Closer Look at Some Confusing New Data

Paul Resnikoff — Thu, 24 Oct 2024 00:32:54 +0000

Has the vinyl comeback been wildly overstated? In our latest DMN Pro investigatory research report, we take a closer look at a mess of confusing new data from Luminate. . .

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British Music Industry Exports Topped a Record $1 Billion in 2023 Despite a Substantial Growth-Rate Decrease, Data Shows

Dylan Smith — Tue, 22 Oct 2024 04:15:57 +0000

British music industry exports cracked a record high in 2023 despite a relatively slow year-over-year growth rate of 7.6%, according to new data.

That just-released data comes from the British Phonographic Industry (BPI), which pointed to over $1 billion (£775 million) in 2023 recorded music revenue attributable to domestic acts’ international sales and streams.

Behind the figure, the trade organization indicated that international British music industry recorded revenue had grown in every region during the year. . .

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Music Industry Lawsuits Aren’t Letting Up During 2024’s Final Quarter — Here’s a Look at Eight Especially Important Cases

Paul Resnikoff — Wed, 16 Oct 2024 23:59:06 +0000

Far from slowing since DMN Pro’s last lawsuit breakdown, music industry litigation has continued ramping up both in quantity and in significance. Here’s an updated list of eight especially important suits to watch during 2024’s final quarter and into the new year. . .

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California’s Music Festival Bubble Is Going Pop — Maybe You’ll Get a Refund, Maybe You Won’t

Ashley King — Wed, 16 Oct 2024 18:28:56 +0000

California’s music festival scene is deflating like a punctured raft in river rapids. So what happened, and why are music festivals sinking?

There was plenty of reason to feel optimistic about the music festival scene in the “post-early-pandemic” return. Eager to get out after lockdown, festivalgoers went out in droves, and early-bird ticket sales in 2023 were “gangbusters,” according to a spokesperson for Sierra Nevada World Music Festival.

But over the summer, things took a turn for the worse. Usually, ticket sales for the Sierra Nevada World Music Festival see a surge in June. . .

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Vinyl Alliance Says “US Vinyl Sales Have Not Dropped 33% in 2024” as Luminate Dramatically Reverses Its Earlier Data — So What’s Going On Here?

Ashley King — Wed, 16 Oct 2024 17:21:55 +0000

Yesterday, Digital Music News reported on a severe year-over-year drop in US-based vinyl sales, based on data provided to Billboard by Luminate. Now, Luminate has clarified that sales have not dropped 33.3%, but are actually up 6.2%. So what the heck is going on here?

For nearly two decades, the music industry has been witnessing a steady comeback in vinyl record sales. But is that Cinderella story ending? Now, a confusing and conflicting. . .

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Vinyl Sales Have Plummeted 33.3% Year Over Year — What’s Going On? (Updated)

Ashley King — Wed, 16 Oct 2024 04:00:53 +0000

After more than a decade of rising sales for the vinyl format, sales have fallen off a cliff this year with an estimated plummet of more than 30% year-over-year. What’s going on?

Update, Oct 16th AM: Luminate has confirmed to DMN that their earlier data was completely wrong. Vinyl Alliance GM Ryan Mitrovich first alerted DMN to the problem via email, though it's currently unclear why Luminate's data is being readjusted so dramatically. So far, Luminate has not offered any explanation for the change.

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Can Emerging Markets Unlock the Next Era of Streaming Growth by 2030? DMN Pro’s Newest Weekly Report Tackles the (Multi) Billion-Dollar Question

Dylan Smith — Fri, 11 Oct 2024 21:22:20 +0000

Goldman Sachs’ “Music in the Air” report has forecasted over $163 billion worth of industry gross revenue for 2030, in part because of anticipated streaming growth throughout emerging markets. But is the prediction, covering recorded, publishing, and live alike, a bit too bullish?

In its newest weekly report, DMN Pro dove into the interesting (and involved) subject across 10 detail-oriented pages, covering all manner of pertinent data and seldom-discussed angles in the process. And while there are several especially valuable takeaways. . .

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The MLC Crosses $2.5 Billion in Cumulative Royalty Payouts, Though Unmatched ‘Black Box’ Royalties Remain a Serious Concern

Ashley King — Fri, 11 Oct 2024 18:32:12 +0000

The MLC Crosses $2.5 billion in cumulative royalty payouts, though unmatched ‘black box’ royalties remain a serious concern.

The Mechanical Licensing Collective (MLC) held its fourth annual membership meeting on Tuesday, October 8, during which they announced the re-selection of Oak Felder as Songwriter Director for a second three-year term on the Class A Board of Directors. They also re-elected Publisher Representative Rell Lafargue, and the newly elected Jason Rys as Publisher Director on the Class B. . .

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Roblox Refutes Hindenburg Research Report of Inflated Metrics

Ashley King — Thu, 10 Oct 2024 18:09:55 +0000

Roblox says claims made in a recent research report are ‘misleading.’ The report from Hindenburg Research alleges Roblox massively inflates the metrics it shares with investors while doing very little to curb child exploitation on its platform.

Hindenburg Research is a US-based investment research firm that engages in activist short-selling. The report says Roblox is not a profitable business and that its stock price is reliant on the growth metrics it presents to Wall Street. The firm believes Roblox has inflated these metrics—including the size of the audience and engagement hours. It also investigated allegations. . .

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Latin Music Recorded Revenue Hit $685 Million in the U.S. During H1 2024, Report Shows — Streaming Plateau Concerns Persist

Dylan Smith — Thu, 10 Oct 2024 16:25:57 +0000

Thanks in large part to continued (albeit slower) streaming growth, Latin music generated a record $685.5 million during H1 2024, per a new report.

This and other noteworthy stats come from the RIAA’s newly released Latin music performance breakdown, covering Q1 and Q2 of the current year. At the top level, the space’s recorded revenue represents a 7.3% YoY improvement.

And in keeping with longstanding consumption trends, the lion’s share of the $685.5 million at hand, $670.3 million, derived from streaming, the analysis shows. Consequently, the latter category’s. . .

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Is Goldman Sach’s Streaming Forecast Too Rosy? The Problems With the Bank’s Emerging Market Growth Theory

Paul Resnikoff — Wed, 09 Oct 2024 22:28:21 +0000

Amid a streaming-growth slowdown in developed music markets, Goldman Sachs is banking on continued revenue results due largely to expansions in emerging spaces. But is this a rose-colored attempt to talk past a plateau. . .

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K-Pop Streams Have Surged 362% on Spotify Since 2018, and 182% in the US Alone

Ashley King — Tue, 08 Oct 2024 19:33:09 +0000

K-pop streams have surged globally on Spotify in the last five years by 362%, and 182% in the US alone, as the genre’s influence continues to grow.

The global streaming of K-pop music continues to surge as the genre’s worldwide influence continues to grow. In the last five years, K-pop streams on Spotify (the world leader in music streaming platforms) have increased by 362% in the global market, and 182% in the United States in 2023, compared to 2018. . .

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SCAPR Reports $1.05 Billion in 2023 Royalties Collections Amid Double-Digit Public Performance and TV Growth

Dylan Smith — Fri, 04 Oct 2024 19:19:19 +0000

SCAPR has announced 8.5% performer royalties growth for 2023, when its members brought in a cumulative $1.05 billion (€955 million) thanks in part to a double-digit expansion on the public performance side.

The Societies’ Council for the Collective Management of Performers’ Rights (SCAPR), now counting as members 61 collective management organizations from 45 countries, just recently published its 2023 report.

All told, the mentioned member CMOs – referring to 47 “ordinary members” and 14 “associated members,” the likes of the U.K.’s PPL among the former – are said to represent over one million. . .

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Music Funding Slipped In Q3 2024 to $425 Million — Who’s Still Getting the Startup Cash?

Paul Resnikoff — Wed, 02 Oct 2024 22:31:05 +0000

In keeping with existing 2024 trends, third-quarter music industry funding rounds fell well short of their Q3 2023 counterparts in both volume and cumulative value.

Even so, the newly completed quarter wasn’t without signs of a possible rebound.

These and other insights are made possible by the Music Industry Funding Tracker, DMN Pro’s one-stop database of raises from in and around the music world. The Tracker, which complements this report, includes round types, amounts, participating investors, and more dating back to 2014. It. . .

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Music Funding Topped $425.28 Million During the Recent Third Quarter — A Serious Cool-Down From Q3 2023

Dylan Smith — Mon, 30 Sep 2024 20:23:45 +0000

Music industry companies raised $425.28 million during Q3 2024, which brought a funding acceleration on a quarterly basis but fell far short of the sum attached to Q3 2023.

These stats come from an analysis of DMN Pro’s Music Industry Funding Tracker, a searchable and filterable database of raises from in and around the industry. While DMN Pro is set to release an in-depth breakdown of the third-quarter numbers later this week, even a top-level look at the figures provides telling insight. . .

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Despite Major Markets’ Serious Streaming-Growth Slowdown, Global Music Industry Revenue Will Crack $100 Billion in 2024, Goldman Sachs Forecasts

Dylan Smith — Mon, 30 Sep 2024 16:30:10 +0000

Despite an ongoing streaming-growth slowdown in established markets, global music industry revenue is on track to top $100 billion during 2024, according to Goldman Sachs’ “Music in the Air” report.

Goldman just recently pointed to insights from its latest analysis of the music space, including revenue from recordings, publishing, live events, and more. We last checked in on Music in the Air data this past May, when a slimmer “redacted” version shed light on a decidedly bullish forecast of almost. . .

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French Music Industry Posts 5.9% H1 2024 Recorded Revenue Growth As Streaming Gains Offset a Physical Slip

Dylan Smith — Fri, 20 Sep 2024 19:58:53 +0000

The French music industry grew 5.9% year over year (YoY) during 2024’s opening half despite a nearly 7% YoY dip in physical revenue.

That’s according to a new half-year breakdown from France’s Syndicat National de l'Edition Phonographique (SNEP). Digging directly into the French-language resource, the European nation’s total H1 2024 recorded revenue came in at $463.35 million/€415.22 million, consisting of $371.80 million/€333 million from digital (up 9.6% YoY) and the remaining $91.55 million/€82 million from CDs and vinyl. . .

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Music Industry Funding Has Topped $360 Million During the Past Month Alone — What Are Investors Betting On?

Paul Resnikoff — Thu, 19 Sep 2024 03:00:57 +0000

Between mid-August and mid-September 2024 alone, music industry companies secured over $360 million in funding. But where’s the money going. . .

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Nearly 25% of Audio Listening Time Among 13-34 Year-Olds is Spoken Word Content

Ashley King — Wed, 18 Sep 2024 18:44:06 +0000

Edison Research examined the amount of daily audio listening time that this age cohort is consuming and broke it down into music vs. spoken word content. . .

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Is It Time to Turn Off Ad-Supported Streaming? Breaking Down the Multibillion-Dollar Question Amid Slowing Subscription Growth

Paul Resnikoff — Wed, 11 Sep 2024 22:28:08 +0000

Amid slowing subscription streaming growth and a larger-than-ever number of ad-supported listeners, is it time for leading music platforms to make near-term monetization the priority?

Starting with what we know for certain, Americans don’t have a problem paying for streaming in one form or another. According to Forbes, 99% of households are subscribed to at least one streaming service. Specifically in the music world. . .

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Puerto Rico Is Officially a Powerhouse: Separated From the US, This Tiny Island Is Still the Third-Largest Exporter of Top 10 Singles Globally

Ashley King — Wed, 11 Sep 2024 14:00:57 +0000

Puerto Rico remains an underrated powerhouse in the music industry — and here's the latest proof. Separated from the US, this tiny island was still the third-largest exporter of top 10 singles worldwide in 2023.

New data from the global recording industry trade group IFPI reveals that Puerto Rico — if separated from the United States and treated as a separate country — still ranked third on a list of exporters of top 10 singles worldwide last year. In fact, Puerto Rico was barely edged. . .

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EU Recorded Music Revenue Topped $5.7 Billion in 2023 Amid Significant Growth in Bulgaria, the Baltics, and More, Latest IFPI Data Shows

Dylan Smith — Tue, 10 Sep 2024 21:18:48 +0000

European Union recorded music industry revenue totaled $5.73 billion (€5.2 million) in 2023, when nations including but not limited to Italy, Hungary, Bulgaria, and Poland achieved double-digit year-over-year growth, according to a new report.

These and a variety of other noteworthy stats came to light in a newly released “Music in the EU” analysis from the IFPI. Diving directly into that inaugural breakdown of the European Union music industry, the aforementioned revenue total represents an 8.7% year-over-year (YoY) improvement, according to the resource.

Behind the relatively modest YoY expansion – larger. . .

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Data Analytics Platform Chartmetric Highlights the Importance of ‘Trigger Cities’ for New Artists in 2024

Ashley King — Tue, 10 Sep 2024 16:00:43 +0000

Chartmetric’s data analytics highlights the importance of ‘trigger cities’ for launching new music. A new single catching the ear of listeners in these cities could create global ripples of impact—especially for new artists. Let’s take a peek at how the phenomenon differs across the world.

The global music economy has become so interconnected that artists can focus on hyper-local areas thanks to. . .

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Music Industry Funding Fell Nearly 15% YoY in August Despite a Larger Average Raise Size, DMN Pro Analysis Finds

Dylan Smith — Sat, 07 Sep 2024 01:20:19 +0000

How does August of 2024’s music industry funding stack up against that associated with the same month in 2023? Drawing from DMN Pro’s one-stop raise database, we analyzed the numbers to find out.

And at the top level, our answer points to a year-over-year decrease of 14.5%, from $100.02 million to $85.48 million. However, as has also been the case with our prior industry funding . . .

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No Plateau Here — Spain Reports 18.8% YoY Digital Growth in H1 2024

Ashley King — Fri, 06 Sep 2024 02:46:14 +0000

Productores de Música de España (PROMUSICAE) has revealed that the Spanish recorded music market grew 16.6% in the first half of 2024. That H1 2024 growth is attributed mainly to the digital market, which saw growth of 18.8% compared to the same period in 2023.

PROMUSICAE is the organization responsible for gathering more than 95% of the Spanish recording market data. The physical market during the first half of 2024 equals the growth of the same period of 2023, with just 0.03%—mainly from the consumption of vinyl (+11.9%), while the CD. . .

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UK Live Music Industry Revenue Jumped 17% in 2023 Despite Festival and Grassroots Venue Struggles, Report Shows

Dylan Smith — Thu, 05 Sep 2024 05:00:18 +0000

Revenue from concerts and music festivals grew by double digits in the UK last year, when the domestic live entertainment sector nevertheless grappled with “soaring costs in multiple areas,” according to a new report.

That report was just recently published by LIVE (Live Music Industry Venues & Entertainment), which produced the analysis in collaboration with NielsenIQ’s CGA. As a whole, the UK live music industry is said to have achieved a 17% year-over-year jump in “total market value. . .

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How Serious Is the U.S. Streaming Slowdown? Here’s What the Last 10 Years of Industry Data Tells Us

Paul Resnikoff — Thu, 05 Sep 2024 05:00:14 +0000

For 2024’s opening half, the RIAA reported that U.S. on-demand streaming subscriptions had grown by a modest 2.7% year over year (YoY) as subscription revenue increased by 5.1%. Amid discussions about the slowdown, what does historical data tell us. . .

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Mechanical Per-Stream Payouts Ranked (US): Spotify, Apple Music, Amazon Music, YouTube Music, More

Paul Resnikoff — Wed, 04 Sep 2024 10:13:22 +0000

A ranking of per-stream mechanical licensing royalty payments by DSP platform, including the 'big four' streamers Spotify, Apple Music, Amazon Music, and YouTube Music. Data from SoundCloud and Tidal are coming next. . .

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Argentina’s Recorded Music Industry Expanded by 8.2% in 2023 — As Digital’s Revenue Share Approached 75%

Dylan Smith — Tue, 03 Sep 2024 21:44:06 +0000

Brazil isn’t the only South American nation turning in significant recorded music growth, as the Argentinian music industry expanded by 8.2% in 2023.

That’s according to a newly released Spanish-language report from the Cámara Argentina de Productores de Fonogramas y Videogramas (CAPIF) trade body, which based its calculations on "constant values" for the Argentine peso.

Diving into the 70-page resource, digital made up 74.6 percent of Argentina's 2023 industry revenue, marking something of a contrast with . . .

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Brazil’s Recorded Music Market Expanded by 21% in H1 2024 Amid Continued Streaming Growth, Report Shows

Dylan Smith — Tue, 03 Sep 2024 17:41:09 +0000

Thanks to a continued streaming expansion, the Brazilian recorded music industry grew by over a fifth during 2024’s initial half, according to a new report.

Pro-Musica Brasil just recently disclosed the stat and different noteworthy figures in its H1 2024 breakdown of Brazil’s recorded music market. The ninth largest in the world as of 2023, according to the IFPI, that quick-developing music sector, like several others in South America, revolves around streaming.

Predictably, this on-demand listening reliance didn’t change during H1 2024, when the lion’s share of recorded industry. . .

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Thanks, Swifties? U.S. Vinyl Sales Volume Returned to Double-Digit Growth During H1 2024, Report Shows

Dylan Smith — Fri, 30 Aug 2024 23:44:23 +0000

Who says vinyl’s nearly two-decade commercial resurgence is slowing? The format achieved double-digit stateside sales-volume growth during 2024’s opening half after turning in a single-digit expansion in the same category throughout all of 2023.

That data point comes from the RIAA’s newly released mid-year report, which charts the performance of the U.S. recorded music space in H1 2024. As many know, revenue from vinyl sales has improved in the States for 17. . .

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RIAA Reports US Mid-Year 2024 Recorded Music Revenues Up 4% to $8.7 Billion — Though Paid Subscriptions Bump Just 2.7% Year-Over-Year

Ashley King — Thu, 29 Aug 2024 13:00:52 +0000

The RIAA has released its mid-year report for 2024, revealing that U.S. recorded music revenues rose 4% to $8.7 billion in estimated retail value. That's a record sum, according to the major label trade group, though paid subscription accounts improved just 2.7% year-over-year.

Recorded music revenues in the United States have grown for nine straight years, according to Recording Industry Association of America (RIAA) stats dating back to 2016. Digital streaming has now entered its third decade in the US, with paid music streaming subscriptions remaining the driving force of the. . .

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Is Warner Music Really Achieving ‘Strong Subscription Streaming Growth’? We Crunched the Numbers to Find Out

Paul Resnikoff — Thu, 29 Aug 2024 04:15:15 +0000

For Universal Music Group and Warner Music Group, calendar Q2 2024 was a tale of two earnings reports — and streaming forecasts. While UMG acknowledged a subscription-growth slowdown, the Robert Kyncl-led WMG emphasized “strong” improvements. But are things as rosy as they seem for today’s third-largest major label?

DMN Pro crunched the numbers to answer that question, which is particularly pressing given the industry-wide implications of a growth slowdown at UMG.

Table of Contents

I. Introduction: The Stark Contrast Between the Calendar Q2 Earnings Reports. . .

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Italy’s Recorded Music Market Expanded by Over 15% During H1 2024 Amid Streaming and Vinyl Growth, Report Shows

Dylan Smith — Wed, 28 Aug 2024 00:07:46 +0000

According to a new analysis from the Federation of the Italian Music Industry (FIMI), Italy's recorded music market grew by double digits during 2024’s opening half.

FIMI reached out today with that Deloitte-compiled H1 2024 breakdown for the Italian music industry, which is said to have generated a total of $226.5 million (€202.6 million) in recorded revenue during the six-month stretch.

That sum’s up 15.1 percent from H1 2023 and, predictably, derived chiefly from streaming. In keeping with the recent results reported by the majors, different. . .

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Did Kunlun Tech Train Melodio on Copyrighted Tracks? We Tested ‘The World’s First AI-Powered Music Streaming Platform’ to Find Out

Paul Resnikoff — Wed, 21 Aug 2024 23:47:09 +0000

Is Melodio being trained on copyrighted music? DMN Pro takes a look under the AI hood. . .

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44% of British Music Fans Are Cutting Back on Festivals, Study Says

Ashley King — Tue, 20 Aug 2024 19:30:04 +0000

A survey of 1,700 British music fans has found that 44% of them say they are cutting back on music festivals amid rising ticket prices. That’s after the Association of Independent Festivals (AIF) reports more than 40 UK music festivals have closed in 2024, with more than 170 disappearing in the last five years.

Festival-goers are feeling the impact of higher ticket prices, with 44% saying they are attending fewer music festivals in 2024. Despite the response. . .

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Study Reveals the Ups and Downs of Being a Musician in New Orleans

Ashley King — Tue, 20 Aug 2024 19:29:59 +0000

A new study reveals the ups and downs of being a musician in a cultural hub like New Orleans.

The New Orleans Music Census, the work of research firm Sound Music Cities, has surveyed over 1,500 people working in the city’s music ecosystem to gain insight into music’s impact on the local economy. Moreover, the study attempts to quantify how concerns like cost of living and stagnant pay rates affect the musicians who live there.

“Music. . .

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Money Is the Primary Issue for Streaming Subscription Holdouts, Latest Research Shows

Ashley King — Mon, 19 Aug 2024 21:00:31 +0000

Marketing data and analytics company Kantar has released a new report on streaming services and their adoption. Kantar finds that music bundling with podcasts and audiobooks does drive engagement—though money is the primary concern for subscription holdouts. Here’s the latest.

Kantar’s report suggests the bundling of podcasts and audiobooks with music streaming services has increased streaming adoption. YouTube Music emerged as the most-adopted streaming service in Q2 2024, but Kantar suggests there remains untapped growth potential in non-streamers and. . .

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Nearly Half of All Active Music Litigation Is Being Handled by Just 12 Firms — And Other Fun Facts From Our Latest DMN Pro Weekly

Paul Resnikoff — Thu, 15 Aug 2024 20:56:52 +0000

What are the most active law firms and litigators in the music industry? Here's a ranking based on nearly 140 active cases being tracked by DMN Pro.

Litigation is hardly rare in the music industry, where each month brings a slate of new cases. But which legal professionals are representing the parties behind the suits?

A detailed answer to that question is made possible by DMN Pro’s. . .

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Could the Major Labels Lose Against Suno and Udio? A Pressing Look At Where These Critical Cases Stand

Paul Resnikoff — Thu, 08 Aug 2024 02:00:11 +0000

Two critical court cases carry the potential to change the music industry for decades to come — and this is anything but a slam dunk for the major labels. So where do things stand in these all-important battles. . .

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DMN Pro Weekly Report: 55% of Active Music Industry Lawsuits Involve Copyright Disputes. What’s the Remaining 45% About?

Paul Resnikoff — Wed, 31 Jul 2024 23:26:00 +0000

One thing the music industry doesn’t lack is litigation – or threats of litigation. But what kinds of disputes are behind the steady stream of lawsuits?

DMN Pro zeroed in on that question by analyzing data from its soon-to-be-released Music Industry Litigation Tracker. Comprehensive and filterable, the one-stop database of industry and industry-adjacent suits will feature a variety of case-specific details – from the involved parties and their counsel to assigned judges and court venues.

Table of Contents

I. Introduction. . .

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How Much Time Do Teens & Young Adults Spend Streaming Music?

Ashley King — Wed, 31 Jul 2024 18:57:20 +0000

What does audio consumption time look like among the younger demographic? Around 37% of audio listening time among teens and young adults (13-22) is spent streaming music. Here’s a peek at how this younger demographic is spending their audio listening time.

On-demand streaming options take precedent in the younger demographic, with music streaming and music videos on YouTube accounting for 60% of audio listening time. AM/FM Radio accounts for around 20% of listening time—which includes both music and spoken word content. Edison Research says when factoring in podcasts on . . .

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Hearby Launches UK Service to Discover More Live Music Nearby

Ian Condry — Tue, 30 Jul 2024 23:16:52 +0000

We live in an era of music abundance, yet why is it so hard to find live music in the neighborhoods around us? Shouldn't finding live music be intuitive, engaging or even effortless?

The following comes from Hearby, a fast-emerging player in concert discovery and DMN partner that just launched its UK-based offering.

Whether it's your hometown or a place you're visiting, finding distinctive local live music scenes is far too difficult. The internet was supposed to solve this, but it hasn't. That's. . .

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Beyoncé’s ‘Freedom’ Jumps 1,300% as Harris Campaign Latches Onto the Song

Ashley King — Fri, 26 Jul 2024 20:20:05 +0000

Beyoncé’s ‘Freedom’ sees a massive surge in streams after its feature during Harris’ first appearance as the Democratic presidential candidate.

Beyoncé’s 2016 track “Freedom” is seeing a significant surge in streaming traffic after Vice President Kamala Harris walked out to the tune during her first official appearance as the leading Democratic candidate for the upcoming presidential election. Luminate data shows the US on-demand streams for “Freedom” are up over 1,300% between Sunday and Tuesday — jumping from 16,600 streams to. . .

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Italian Performance Rights Group SCF Records A 3% Revenue Bump in H1 2024

Ashley King — Thu, 25 Jul 2024 18:08:54 +0000

The Italian performance rights distributor Societa Consortile Fonografici (SCF) has announced a 3% revenue bump for the first half of 2024.

The SCF says its trend of distributions to phonographic producers for H1 2024 marks a growth of 3% compared to last year, while the broadcasting and web area records +30% compared year-over-year. Private Copy fell by 17%, due to the physiological reduction in revenues and a mix of factors from natural decline in the device market at the end of COVID to an unforeseen tariff revision, from the DM exemption and refunds effect and to. . .

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The DMN Pro ‘Bundling Barometer’ Has Arrived — Now You Can Keep Tabs on Every DSP And Their Bundling Shenanigans

Paul Resnikoff — Thu, 25 Jul 2024 06:02:39 +0000

Music publishers have declared war against Spotify — and the reason is bundling. But what are the other DSPs doing? Now, there's a chart for that: The Bundling Barometer from DMN Pro.

For the average consumer, bundling is a part of daily life. Whether a six-pack of Negro Modelo or a bundled vacation package to Europe, tying. . .

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DMN Pro Weekly Report: Last Month, 97% of Spotify Accounts Were Classified as Bundles. Now, That Figure Is 98%.

Paul Resnikoff — Wed, 24 Jul 2024 23:30:20 +0000

In March, Spotify officially flipped the switch on its controversial bundling strategy. One reporting month later, the streaming giant is showing few signs of letting up.

Four months have passed since Spotify officially reclassified the vast majority of its U.S. subscriptions as bundles — thereby unlocking massive royalty savings. But just how big of an impact is the sweeping change having on stateside mechanicals?

In this DMN Pro Weekly Report, we revisit this pressing question — and find that Spotify isn't letting up on its bundling pivot. Here's what the latest data shows.

Report Table of. . .

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Mehr Wachstum! German Recorded Music Industry Jumps 7.6% During H1 2024

Ashley King — Wed, 24 Jul 2024 16:57:11 +0000

The German recorded music industry has grown 7.6% in the first half of 2024, though demand for physical media has fallen significantly.

The German Music Industry Association (BVMI) announced €1.136 billion ($1.05B) was generated from streams, CDs, downloads, and vinyl from January to June 2024. That marks an increase of 7.6% compared to the same period last year [€1.056B ($971.5B) H1 2023]. Though the industry is growing, it is propelled by streaming rather than physical. . .

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Beyoncé, Blur & More Attract 19.2 Million Music Tourists to UK

Ashley King — Tue, 23 Jul 2024 18:51:15 +0000

UK Music has revealed new statistics surrounding the value of gigs, concerts, and festivals for local economies. A total of 19.2 million music fans traveled to see music from Beyoncé, The Weeknd, Harry Styles, Blur, and more.

The data reveals that the total number of music tourists attending a live music event in the UK in 2023 was 19.2 million, which is an increase of 33% from 2022 (14.4M). The total music tourism spending in 2023 was £8 billion ($10.3B), a 22% increase from 2022’s total spending of £6.6 billion ($8.5B. . .

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Apple Music Classical Launches Weekly Top 100 Chart — Reflecting Streams, iTunes Downloads, and Shazams

Dylan Smith — Mon, 22 Jul 2024 18:20:41 +0000

Now operating in most nations around the globe, Apple Music Classical is continuing its aggressive buildout with the launch of an “Apple Classical Top 100” chart.

The standalone classical music app, which is available to Apple Music subscribers at no additional cost, took to social media today to reveal the chart. According to this straightforward breakdown, the Apple Classical Top 100 will factor for streams on Classical and Apple Music proper. . .

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Global On-Demand Audio Streams Spiked 15.1% to 2.3 Trillion During 2024’s Opening Half, Report Shows

Dylan Smith — Wed, 17 Jul 2024 06:00:27 +0000

Despite a comparatively modest 8% year-over-year (YoY) boost in the U.S., global on-demand audio streams spiked 15.1% YoY during 2024’s opening half, according to newly released data.

These and other noteworthy music streaming stats came to light in Luminate’s latest half-year report, comparing the figures behind late December of 2023 through June 27th, 2024, with those of a nearly identical stretch spanning late 2022 through 2023’s initial six months.

Diving into the relevant numbers, global on-demand audio streams (excluding video) grew to 2.29 trillion during. . .

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Spotify Says Its Un-Bundled ‘Basic’ Plan Isn’t Getting Buried — But You Be the Judge

Paul Resnikoff — Tue, 16 Jul 2024 06:00:25 +0000

Spotify is now taking serious issue with Digital Music News' assertion that 'Basic' is getting buried from would-be subscribers.

Spotify has every incentive to bury its newly launched, unbundled 'Basic' subscription tier. But does that mean Spotify is intentionally hiding 'Basic' from would-be subscribers to steer them into its more lucrative bundled options?

Given the economics, it's hard to imagine Spotify not wanting to bury its Basic tier. Not only are bundled plans more expensive, but they're also substantially cheaper when it comes to royalty payments (and for proof of that, look. . .

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Looking for Spotify’s Music-Only Subscription Tier? Good Luck With That

Paul Resnikoff — Fri, 12 Jul 2024 05:00:41 +0000

Last month, Spotify offered the perfect solution to anyone upset with its shift towards bundled subscriptions — a plan solely dedicated to music. There's just one problem: Spotify's 'Basic' plan is practically impossible to find.

In response to all the hullabaloo and outrage over its shift towards bundled subscriptions, Spotify created the perfect solution: a music-only, bundle-free plan. Late last month, Spotify quietly launched the cheaper option for. . .

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Spotify Went ‘Full Bundle’ And Isn’t Looking Back. But What Are the Other Music Platforms Doing?

Paul Resnikoff — Thu, 11 Jul 2024 01:00:39 +0000

From Spotify’s now-numerous audiobook “bundles” to Apple Music One and many in between, on-demand streaming is building more multi-offering packages than ever — with considerable compositional royalty implications. But how big is bundling for leading music streaming platforms?

The question is especially pressing today amid continued controversy over Spotify’s decision to abruptly reclassify its main tiers as bundles. As lamented by the publishing space (and as broken down by DMN. . .

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$2 Billion a Year — That’s How Much Streaming Fraud Costs the Music Industry, According to the Latest Estimates

Ashley King — Wed, 10 Jul 2024 03:46:55 +0000

What you thought was bad is now getting worse — much worse. Streaming fraud is now costing the music industry a whopping $2 billion a year, according to the latest data emerging.

Beatdapp Software Inc., a leader in fraud detection, has now joined forces with Beatport, the music store centered around DJs, producers, and their fans, to ensure the authenticity of every stream on the latter’s platform while eliminating fraudulent activity. According to details shared with DMN, the partnership places Beatport in a position to deliver more accurate insights into daily, weekly, and monthly streaming charts devoid of. . .

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The ‘Big Three’ of Streaming: Spotify, Apple Music, and Amazon Music Now Account for Over 90% of U.S. Subscribers, DMN Pro Data Finds

Dylan Smith — Fri, 05 Jul 2024 22:30:14 +0000

Spotify, Apple Music, and Amazon Music are today’s “big three” paid streaming services – at least in the U.S., where they claim a more than 90% market share.

That telling stat comes from DMN Pro’s new Streaming Music Subscriber Market Share database, which provides a comprehensive breakdown of on-demand platforms’ stateside reach. Included in said breakdown are plan-specific subscriber totals based on data from major music publisher statements.

Besides vetting the statements' data, we’ve applied a uniform multiplier. . .

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What the Hell Is Going on With Hipgnosis? A Look at the Tangled Mess Just Days Before a Critical Sales Vote

Paul Resnikoff — Thu, 04 Jul 2024 06:45:32 +0000

Six years and many twists later, what’s going on with Hipgnosis Songs Fund (HSF), the Merck Mercuriadis-founded company that owns 138 high-profile catalogs? The question is front of mind in industry circles now that Hipgnosis, having for some time made headlines for its operational difficulties, is poised to sell.

Report Table of Contents

I. Introduction: Where Hipgnosis Songs Fund Stands Directly Before a Possible Sale

II. A Recap of Hipgnosis Songs Fund’s Rollercoaster 2024: Key Developments from the Year’s Opening Half

Graph 1:

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Streaming Music Subscriber Market Share Breakdown (US)

Paul Resnikoff — Thu, 27 Jun 2024 22:07:11 +0000

A breakdown of US-based subscribers for all major streaming music platforms (DSPs) and subscription types. . .

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It’s Been a Wild Month for AI Music. Here’s a Closer Look at the Leaps and Lawsuits of the Past Few Weeks

Paul Resnikoff — Thu, 27 Jun 2024 06:00:30 +0000

It's been a dizzying month for AI music. Here's a closer look at some major recent advancements in music AI technology, as well as a potentially groundbreaking pair of lawsuits lodged by the major music labels.

Thanks to a quick-moving June 2024, AI music technology has quietly taken a leap forward – and found itself at the center of two RIAA-spearheaded lawsuits. With the unprecedented technology’s evolution showing few signs of slowing, what will the corresponding music industry impact look like through the remainder of the year and beyond?

Report Table. . .

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Viberate Launches Feature to Prioritize Data Refresh by Request for Artists & Track Data, Introduces Summer Sale

Ashley King — Mon, 24 Jun 2024 21:00:09 +0000

Data analytics service Viberate has launched a new feature to allow data prioritization for certain artists and tracks—so hot track data is near-instant. The company is celebrating with a 50% discount for the Unlimited Plan until the end of the summer.

The following was created in collaboration with Viberate, a company DMN is proud to be partnered with.
Viberate sifts through nearly two billion data points every day to keep its massive database of artists, tracks, playlists, events, and festivals up-to-date. Music professionals can use this . . .

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Spotify Mechanical Royalty Payments Drop 44% Month-to-Month as Bundling Takes Root — Here’s a First Look at the Raw Post-Bundling Numbers

Paul Resnikoff — Thu, 20 Jun 2024 04:45:36 +0000

As confidential data pours in, DMN Pro crunches the numbers on the impact of Spotify’s bundling discount. . .

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Radio Remains Surprisingly Dominant in the U.K., Survey Finds — But Younger Listeners Are Unsurprisingly Embracing Streaming

Dylan Smith — Wed, 19 Jun 2024 17:27:42 +0000

Another report is shedding light on radio’s continued reach – though the medium’s surprising popularity is far less pronounced for listeners under the age of 25.

These newest radio stats pertain to the U.K. market and emerged in the spring 2024 MIDAS Survey, in which 2,143 individuals, age 15 and up, participated. Notwithstanding the continued growth and comparative functionality of on-demand streaming – as well as questions about radio’s identity in 2024 – AM/FM in particular . . .

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Ed Sheeran Is the Most Played Artist in the UK for the Seventh Time in Nine Years, PPL Data Reveals

Ashley King — Mon, 17 Jun 2024 19:33:10 +0000

Ed Sheeran is the most played artist in the UK for the seventh time in nine years, clocking three consecutive years for the second time, PPL reveals.

British copyright collective PPL, which licenses the use of recorded music across radio, TV, and public spaces in the UK, has revealed that Ed Sheeran is the most played artist of 2023 — achieving the feat for the seventh time in nine years. It’s also the second. . .

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Spotify Stands to Gain at Least Half-a-Billion a Year From Its Latest Price Increases In the U.S. Alone. Music Publishers Won’t Be Seeing Much of That.

Paul Resnikoff — Thu, 13 Jun 2024 06:00:44 +0000

Spotify has once again raised prices in the U.S. as well as the U.K., where individuals must now pay $11.99 and £11.99 per month, respectively, for ad-free listening. That will create a handsome windfall for Spotify and well-positioned partners like major labels. Music publishers won't fare so well, however, despite the top-line increases.

How will Spotify's latest price-hikes impact subscriber growth and revenue in the long term – including for music publishers? Many are asking that question in the wake of the pricing changes, which were announced in April. . .

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Music Publishing Revenue Climbed 11% to $6.2 Billion in 2023, NMPA Reports

Ashley King — Thu, 13 Jun 2024 04:24:27 +0000

The National Music Publishers’ Association (NMPA) revealed U.S. music publishing revenue reached $6.2 billion in 2023—up 10.74% compared to 2022.

The NMPA held their annual meeting at Alice Tully Hall at Lincoln Center in New York and detailed publishing revenue, but also painted a target on Spotify’s back over its bundling scheme. NMPA President & CEO David Israelite detailed a complaint sent to the FTC by the trade organization, urging action from the government on Spotify’s bundling scheme. It’s estimated that. . .

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How Low Will Spotify’s Royalty Payments Go? The Entire Music Industry Is About to Find Out

Paul Resnikoff — Wed, 12 Jun 2024 06:12:32 +0000

Last week, the music industry learned that Spotify accounts for 42% of all mechanical royalty payments in the US — following Digital Music News' exhaustive breakdown of one of the most recent reporting months. That market-leading percentage is now likely to take a severe hit — but how low will Spotify go?

Spotify's 'bundle-pocalyse' is nigh, with nervous IP owners pouring through early royalty statements to assess the damage.

One source to Digital Music News noted that. . .

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‘My Spotify’ Personalization Feature Rolls Out in US, Canada, UK, Ireland, Australia & New Zealand

Ashley King — Tue, 11 Jun 2024 03:11:02 +0000

Spotify is highlighting its data analytics among users in a campaign it’s calling ‘My Spotify.' The new feature aims to highlight personal listening habits and trends.

The music streaming giant says over the next several weeks, listeners in the United States, Canada, the United Kingdom, Ireland, Australia and New Zealand will see personalized messages in-app revealing their unique listening habits. Users will also be able to explore personalized features in Spotify’s daylist, DJ, Blend, and Daily Mix playlists—in addition to all of the custom content already in the ‘Made For You’ hub.

For the. . .

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What Are The Most Manipulated Songs of 2024?

Ashley King — Thu, 06 Jun 2024 20:00:27 +0000

Hundreds of modified audio tracks are uploaded to social media each day. Pitch shifting, speed up, slow down, and more are popular methods of track modification. But what are the most manipulated songs of 2024?

Social media trends drive the creation of modified audio tracks, especially on TikTok. Some of these trends like ‘nightcore’ create remixes that aren’t properly licensed, which means new creators are getting paid. . .

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Spotify Accounted for More Than 42% of All U.S. Mechanical Royalties Prior to Its Pre-Bundling Shift, DMN Pro Analysis Reveals

Paul Resnikoff — Thu, 06 Jun 2024 03:45:26 +0000

How much are streaming music platforms actually paying for publishing in the U.S.? Amid an intensifying battle over Spotify’s bundling and a corresponding mechanicals decline, here’s a comprehensive look at actual payout data preceding Spotify's big move.

DMN Pro's latest trove of exclusive data — sourced from actual mechanical payments receipts and documents — gives us the closest look yet at how Spotify's mechanical royalty payments compare to other streaming platforms in the United States. That is, for the last month before Spotify switches a large percentage of its accounts to bundled status.

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Spotify’s Lead In the U.S. Is Narrower Than You May Think — Here’s Our Latest Streaming Music Market Share Report

Paul Resnikoff — Thu, 30 May 2024 04:00:12 +0000

Where do streaming services like Spotify, Apple Music, and Amazon Music stand in the world’s largest music market? Here's our detailed look at leading platforms’ subscriber stats as well as key streaming landscape takeaways, exclusively for DMN Pro subscribers.

Last week, subscriber data leaked to Digital Music News revealed that Spotify remains atop the. . .

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Aespa Isn’t Just Selling an ‘Armageddon’ CD — Korea-Exclusive Special Edition, Featuring a CD Player and More, Sells Out

Dylan Smith — Mon, 27 May 2024 20:52:05 +0000

After South Korean fans purchased north of 115 million physical albums during 2023, Aespa has sold out a more than $100 physical edition, complete with a CD as well as a CD player, of its debut studio album.

That album, Armageddon, became available via streaming platforms today. Coinciding with the SM Entertainment-signed group’s first full-length project is a series of physical editions packaged with posters, stickers, postcards, and more. And the most interesting of these editions appears to be that featuring the CD player.

Manufactured in South Korea and available only. . .

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Spotify Tops 50 Million Subscribers In the US — Though Apple Music Is Winning In the Most Important Subscriber Category

Paul Resnikoff — Fri, 24 May 2024 06:15:55 +0000

According to recent data verified by Digital Music News, Spotify now has more than 50 million paying subscribers in the US. But Apple Music is bigger in the most lucrative subscriber category.

In seemingly every music industry discussion, Spotify is regarded as the dominant giant in the streaming music space. But just how dominant is Spotify when compared to rivals like Apple Music, Amazon Music, and YouTube Music, particularly in the US?

According to a tranche of royalty data shared by a major publisher and verified by Digital Music News, this game is more competitive than we previously. . .

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Are Music IP Acquisitions Slowing Down? Here’s What the Data Says Through 2024’s First Five Months

Paul Resnikoff — Thu, 23 May 2024 05:00:41 +0000

Amid an uncertain economic climate and cooling industry funding, how are catalog acquisitions faring in 2024? We crunched the numbers to see where the space is positioned and where it could be heading during the rest of the year.

This latest check-in on the song-rights arena is made possible by our Music IP Acquisition Tracker

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Sixteen Years Later, Indie Rock Band Pavement Has a Certified Gold Track After ‘Harness Your Hopes’ B-Side Blows Up on Spotify & TikTok

Dylan Smith — Tue, 21 May 2024 21:07:33 +0000

Sixteen years later, a track from indie rock group Pavement has been certified Gold by the RIAA after riding a wave of viral success on Spotify and TikTok.

That certification was specifically issued five days back for “Harness Your Hopes,” which the 35-year-old band had originally recorded for (but didn’t include on) 1997’s Brighten the Corners.

Subsequently, the B-side – which doesn’t appear to have been especially well known even among diehard supporters prior to taking off – released as part of an expanded edition of Brighten the Corners. . .

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Goldman Bumps Its 2024 Music Sales Forecast — With a Nearly $164 Billion Global Market Expected for 2030

Dylan Smith — Fri, 10 May 2024 22:10:35 +0000

Citing the revenue momentum of publishing, concerts, and streaming in emerging markets, Goldman Sachs has bumped its music sales forecast for 2024.

Goldman just recently disclosed this updated 2024 outlook as part of its Music in the Air report. Featuring a number of interesting data points and adjacent takeaways, that analysis spans 75 pages, with its “redacted version” running 48 pages in its own right.

Zeroing in on key components of the voluminous resource. . .

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Is Streaming ‘Super-Bundling’ Ahead? Research Says Price-Conscious Consumers Will Demand More Bundles

Ashley King — Fri, 10 May 2024 19:15:09 +0000

Is streaming super-bundling on the way? New research suggests price-conscious consumers are making cuts to subscriptions where they can.

A new survey of 2,200 US-based music streamers has found that emerging consumer challenges may demand new attitudes—and super-bundling may be the answer. Global streaming earnings reached $19.3 billion and 713 million subscribers in 2023, but how can music subscriptions set themselves apart?

Unlike sports, TV, and other popular streaming subscriptions, licensing agreements with record labels mean content across music subscription services is near-identical. With the exception of a few features. . .

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Apple Music Partner Program Delivers Data Treasure Trove for Artists & Labels

Ashley King — Fri, 10 May 2024 04:04:55 +0000

Apple Music unveiled a new subscription data analytics program aimed at record labels and distributors dubbed Apple Music Partner Program.

Subscribers will gain access to over 4,500 charts ranking as many as 1,500 songs across 60 genres and 270 regions. The tool uses Apple’s Shazam technology to monitor airplay over 40,000 broadcast and streaming radio stations globally. The result is subscribers get real-time listener counts for all of the songs in their catalogs—with the accompanying tools. . .

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$25 Tickets Are Back In Full-Force With Live Nation’s ‘Concert Week’ — But What’s the Game Here?

Paul Resnikoff — Thu, 09 May 2024 06:30:34 +0000

About one week after reporting positive Q1 2024 financials, Live Nation has kicked off its “Concert Week” promotion, offering fans $25 tickets to shows from acts including Avril Lavigne, Dierks Bentley, and Pitbull. For a company that’s faced ample pricing criticism from both customers and lawmakers, what exactly does the promotion mean?

To date, that question has received relatively little attention in the media, where the spotlight remains on Live Nation’s increasingly strong earnings, Concert Week itself, and the Justice Department lawsuit that the Ticketmaster owner is staring down. Long the. . .

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Lana Del Rey, Noah ‘40’ Shebib Top NMPA’s Latest Gold & Platinum Quarterly Songwriters Rankings

Ashley King — Wed, 08 May 2024 04:23:15 +0000

The National Music Publishers Association reveals the top songwriters in the US for the fourth quarter of 2023, with Lana Del Rey and Noah ‘40’ Shebib securing the top performing and non-performing spot, respectively.

The National Music Publishers Association (NMPA) Gold & Platinum Program has announced the top songwriters for the fourth quarter of 2023, including the top artist-songwriter and top non-performing songwriter. Over the quarter, 1,843 Gold, Platinum, and Multi-Platinum certifications were awarded.

Lana Del. . .

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More Than Half of 13-34 Year-Olds Still Listen to Radio Every Single Day In the US — But Can This Format Survive the Next 10 Years?

Paul Resnikoff — Thu, 02 May 2024 02:50:13 +0000

The data is both encouraging or depressing — and the landscape is more complicated than ever. But where does radio stand in 2024, given a quick-evolving streaming landscape and an increasingly digital music space? Six experts tackled the complex question and discussed the medium’s path forward during our latest DMN Pro event. Here are some of the takeaways.

If radio is dead, listeners haven't quite noticed. Nielsen, in its Radio Today report, . . .

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Music Industry Funding Drops More Than 77% in April Amid Continued 2024 Decline — Though YTD Funding Approaches $1.3 Billion

Dylan Smith — Wed, 01 May 2024 22:10:33 +0000

Music industry funding fell 77.4% year-over-year in April of 2024, with deal-flow dropping substantially according to DMN Pro's Music Industry Funding Tracker. Overall, the number of rounds decreased from nine to two, with year-to-date funding approaching $1.3 billion.

These and other telling stats come from DMN Pro’s Music Industry Funding Tracker, a one-stop searchable database featuring detailed information about raises announced in (and immediately around) the. . .

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Taylor Swift’s ‘The Tortured Poets Department’ Has Sold Nearly Two Million Traditional Albums — Including 859,000 Vinyl Units

Dylan Smith — Tue, 30 Apr 2024 00:18:05 +0000

Who says the album’s irrelevant in 2024? Besides breaking several streaming records, Taylor Swift’s The Tortured Poets Department approached two million “traditional album sales” during its first week of availability, according to new data.

That sales milestone, reflecting albums moved across permanent downloads, cassette, CD, and vinyl alike between April 19th and 25th, entered the media spotlight in a breakdown from Billboard. Citing Luminate data, the outlet specifically identified 1.914 million Tortured Poets Department. . .

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‘What Is Radio in 2024?’ featuring will.i.am, Michael Huppe, Rahul Sabnis, Joel Denver, RJ Curtis, Lee Abrams

Nicole Haiimpoor — Thu, 25 Apr 2024 20:15:22 +0000

What Is Radio in 2024? The question is surprisingly complex — so we assembled a panel for recognized radio experts to help pick it apart.

The result is a comprehensive discussion on the state of radio in all of its iterations, including broadcast, streaming, satellite, DSP-generated stations, AI DJs, car dashboards, and more. In this DMN Pro exclusive discussion, we pick apart radio's reach, the format's surprising competitive advantages, and where non-interactive listening is heading next.

We also had a few good laughs, with will.i.am keeping things light. Jump in!

DMN Pro. . .

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Have Music Festivals Hit Their Peak? A Look at Why Coachella and Other Big Festivals Aren’t Selling Out

Paul Resnikoff — Wed, 24 Apr 2024 19:58:01 +0000

Following a post-COVID rebound for live entertainment, are music festivals hitting their peak? That’s the question many are asking now that sellouts are eluding high-profile events including Coachella.

For most concerts and festivals, failing to sell out isn’t necessarily indicative of a downturn. But in years past, fans promptly scooped up all the passes to Goldenvoice-organized Coachella – a driving factor behind the addition of a second weekend. That makes the 2024 installment’s comparatively lackluster commercial performance particularly interesting.

As we reported, the first weekend eventually sold out (requiring substantially more time than. . .

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Where Will You Stand After the TikTok Ban? DMN Pro Subscribers Already Have a Handle On This Question

Paul Resnikoff — Wed, 24 Apr 2024 16:30:31 +0000

The music industry is pondering what happens next as the ink dries on President Biden's authorization of a Congressional bill that includes a TikTok divestiture order. DMN Pro subscribers have already parsed through a detailed breakdown of the potential winners and losers following a TikTok ban, thanks to our exhaustive white paper on the topic.

For those just tuning in: Congress recently passed — and . . .

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Latin Music Recorded Revenue Approached $1.4 Billion in the U.S. Last Year Amid Double-Digit Streaming Growth, Report Shows

Dylan Smith — Tue, 23 Apr 2024 12:00:11 +0000

Last year, Latin music’s recorded revenue jumped 16% in the U.S. to top $1.35 billion, according to a newly released report.

The RIAA today shed light on the latest datapoints behind the quick-expanding genre’s stateside performance. For reference, this past October had seen Luminate identify a 22.2% year-over-year (YoY) spike in on-demand Latin music streams in the U.S. through 2023’s initial 34 weeks.

And in keeping with that stat and other . . .

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ABBA, Blondie, The Cars, Green Day, The Notorious B.I.G. Albums Entered Into the National Recording Registry

Ashley King — Wed, 17 Apr 2024 04:52:18 +0000

The National Recording Registry inducts albums from ABBA, Blondie, The Cars, The Notorious B.I.G., Green Day, The Chicks, and others selected this year for preservation.

Librarian of Congress Carla Hayden has announced 25 recordings worthy of preservation based on their cultural, historical, or aesthetic importance in the US recorded sound heritage. The National Recording Registry class of 2024 includes ABBA’s “Dancing Queen,” Blondie’s “Parallel. . .

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ByteDance’s 2023 Profits Surge 60% to $40 Billion, Report Shows — But Crown Jewel TikTok Still Hangs in the Balance

Ashley King — Thu, 11 Apr 2024 23:57:41 +0000

TikTok-owner ByteDance saw profit surge 60% in 2023 to $40 billion, though the future of the app remains uncertain in the US, Europe, and Indonesia amid regulatory concerns.

ByteDance saw earnings surge from $25 billion to $40 billion in 2023, according to a report from Bloomberg, marking a 60% increase from the year prior for the Chinese parent company of short-form video app TikTok.

But TikTok’s future remains uncertain in many regions. . .

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Spotify Price Increases Are Coming: But What Do They Mean for Labels, Publishers, Artists, and Spotify Itself?

Paul Resnikoff — Thu, 11 Apr 2024 05:00:51 +0000

Wall Street’s positive response to reports of additional Spotify price increases pushed shares to a 52-week high. But what would larger monthly costs mean for the platform, labels, artists, and the wider industry. . .

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Canadian Artists Punching Well Above Their Weight Globally on Streaming Platforms, Study Finds

Ashley King — Wed, 10 Apr 2024 21:27:41 +0000

A new study from Music Canada finds Canadian artists to be punching well above their weight on the global streaming platform stage.

Music Canada, a non-profit organization representing the interests of the country’s music industry, has commissioned a study by economist and streaming music market analyst Will Page to examine the presence of Canadian artists in the audio streaming market, both domestically and on a global scale.

The study analyzed Luminate data of the top. . .

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Chartmetric Feature Enhancement: Social & Streaming Stats

Nate Hutchison — Mon, 08 Apr 2024 21:15:30 +0000

Introducing revamped Social & Streaming Stats.

The following comes from Chartmetric, a company DMN is partnered with.

We at Chartmetric are excited to present the latest enhancements to our Social & Streaming Stats, accessible on every Artist Page. In the last few months, we have worked to tailor the platform further for music industry professionals. . .

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Data & Research Archives - Digital Music News

DMN Pro Weekly: US-Based Recorded Music Sales Are Still 36% Below 1999 Inflation-Adjusted Peaks, Latest Data Reveals

Here’s a hard, inflation-adjusted look at the actual state of recording music sales in 2024 – and where things might go next.

Report Table of Contents

Core Music Industry Funding Jumped in October — As the YTD Total Remains Well Beneath Its 2023 Counterpart, DMN Pro Data Shows

Core music industry funding achieved a significant year-over-year increase during October, though the YTD total remains well beneath its 2023 counterpart, according to an analysis of DMN Pro data.

Facebook Marketplace Is The Biggest Source of Ticket Scams, Lloyds Study Claims — With Oasis Fans Accounting for 70% of Scams Since Late-August

Ticket reseller scams are a tale as old as time. Now a new report suggests social media is used to facilitate 90% of these ticket scams.

So Long, CDs — Billboard Boots All Physical Sales Data from ‘Market Watch’ Following Vinyl Removal

The latest installment of Billboard’s weekly “Market Watch” sales breakdown is here – minus figures pertaining to CDs and all other physical formats, which have been removed from the commercial snapshot.

How Important Is the Music Industry to U.S. GDP? Now We Have the Answer (And a State-by-State Breakdown)

Just how much money does the music industry contribute to the United States’ GDP? Courtesy of a new report, we have an answer to the question – on top of more intricate information about specific states’ own contributions.

Are CDs Coming Back? A Look at the Strange New Data on Discs

U.S. CD Sales Are Down 19.1% Year Over Year, Billboard’s Luminate Data Breakdown Shows — A Stark Contrast to the RIAA’s H1 2024 Sales Stats

It’s a tale of two CD sales stats: Luminate is pointing to a 19.1% year-over-year falloff in the format’s stateside units moved – a stark contrast to the 3.3% YoY units-sold growth attached to the same category for H1 2024 by the RIAA.

Billboard Removes Vinyl Sales Figures From Its Site After Posting 33% Year-Over-Year Declines

What are vinyl record sales like in the US? Don't ask Billboard, which has now scrubbed its site of vinyl sales figures after reporting an extreme 33.3% year-over-year sales decline.

CISAC Reports Over $12.6 Billion in 2023 Global Music Collections Amid Continued Digital and Live Growth

CISAC member societies achieved 7.6% year-over-year collections growth to hit a record $14.14 billion/€13.09 billion in 2023 – including $12.69 billion/€11.75 billion specifically for music usages (also up 7.6% YoY).

Has the Vinyl Comeback Been Greatly Exaggerated? A Closer Look at Some Confusing New Data

British Music Industry Exports Topped a Record $1 Billion in 2023 Despite a Substantial Growth-Rate Decrease, Data Shows

British music industry exports cracked a record high in 2023 despite a relatively slow year-over-year growth rate of 7.6%, according to new data.

Music Industry Lawsuits Aren’t Letting Up During 2024’s Final Quarter — Here’s a Look at Eight Especially Important Cases

California’s Music Festival Bubble Is Going Pop — Maybe You’ll Get a Refund, Maybe You Won’t

California’s music festival scene is deflating like a punctured raft in river rapids. So what happened, and why are music festivals sinking?

Vinyl Alliance Says “US Vinyl Sales Have Not Dropped 33% in 2024” as Luminate Dramatically Reverses Its Earlier Data — So What’s Going On Here?

Yesterday, Digital Music News reported on a severe year-over-year drop in US-based vinyl sales, based on data provided to Billboard by Luminate. Now, Luminate has clarified that sales have not dropped 33.3%, but are actually up 6.2%. So what the heck is going on here?

Vinyl Sales Have Plummeted 33.3% Year Over Year — What’s Going On? (Updated)

After more than a decade of rising sales for the vinyl format, sales have fallen off a cliff this year with an estimated plummet of more than 30% year-over-year. What’s going on?

Can Emerging Markets Unlock the Next Era of Streaming Growth by 2030? DMN Pro’s Newest Weekly Report Tackles the (Multi) Billion-Dollar Question

Goldman Sachs’ “Music in the Air” report has forecasted over $163 billion worth of industry gross revenue for 2030, in part because of anticipated streaming growth throughout emerging markets. But is the prediction, covering recorded, publishing, and live alike, a bit too bullish?

The MLC Crosses $2.5 Billion in Cumulative Royalty Payouts, Though Unmatched ‘Black Box’ Royalties Remain a Serious Concern

The MLC Crosses $2.5 billion in cumulative royalty payouts, though unmatched ‘black box’ royalties remain a serious concern.

Roblox Refutes Hindenburg Research Report of Inflated Metrics

Roblox says claims made in a recent research report are ‘misleading.’ The report from Hindenburg Research alleges Roblox massively inflates the metrics it shares with investors while doing very little to curb child exploitation on its platform.

Latin Music Recorded Revenue Hit $685 Million in the U.S. During H1 2024, Report Shows — Streaming Plateau Concerns Persist

Thanks in large part to continued (albeit slower) streaming growth, Latin music generated a record $685.5 million during H1 2024, per a new report.

Is Goldman Sach’s Streaming Forecast Too Rosy? The Problems With the Bank’s Emerging Market Growth Theory

K-Pop Streams Have Surged 362% on Spotify Since 2018, and 182% in the US Alone

K-pop streams have surged globally on Spotify in the last five years by 362%, and 182% in the US alone, as the genre’s influence continues to grow.

SCAPR Reports $1.05 Billion in 2023 Royalties Collections Amid Double-Digit Public Performance and TV Growth

SCAPR has announced 8.5% performer royalties growth for 2023, when its members brought in a cumulative $1.05 billion (€955 million) thanks in part to a double-digit expansion on the public performance side.

Music Funding Slipped In Q3 2024 to $425 Million — Who’s Still Getting the Startup Cash?

In keeping with existing 2024 trends, third-quarter music industry funding rounds fell well short of their Q3 2023 counterparts in both volume and cumulative value.

Music Funding Topped $425.28 Million During the Recent Third Quarter — A Serious Cool-Down From Q3 2023

Music industry companies raised $425.28 million during Q3 2024, which brought a funding acceleration on a quarterly basis but fell far short of the sum attached to Q3 2023.

Despite Major Markets’ Serious Streaming-Growth Slowdown, Global Music Industry Revenue Will Crack $100 Billion in 2024, Goldman Sachs Forecasts

Despite an ongoing streaming-growth slowdown in established markets, global music industry revenue is on track to top $100 billion during 2024, according to Goldman Sachs’ “Music in the Air” report.

French Music Industry Posts 5.9% H1 2024 Recorded Revenue Growth As Streaming Gains Offset a Physical Slip

The French music industry grew 5.9% year over year (YoY) during 2024’s opening half despite a nearly 7% YoY dip in physical revenue.

Music Industry Funding Has Topped $360 Million During the Past Month Alone — What Are Investors Betting On?

Nearly 25% of Audio Listening Time Among 13-34 Year-Olds is Spoken Word Content

Is It Time to Turn Off Ad-Supported Streaming? Breaking Down the Multibillion-Dollar Question Amid Slowing Subscription Growth

Amid slowing subscription streaming growth and a larger-than-ever number of ad-supported listeners, is it time for leading music platforms to make near-term monetization the priority?

Puerto Rico Is Officially a Powerhouse: Separated From the US, This Tiny Island Is Still the Third-Largest Exporter of Top 10 Singles Globally

Puerto Rico remains an underrated powerhouse in the music industry — and here's the latest proof. Separated from the US, this tiny island was still the third-largest exporter of top 10 singles worldwide in 2023.

EU Recorded Music Revenue Topped $5.7 Billion in 2023 Amid Significant Growth in Bulgaria, the Baltics, and More, Latest IFPI Data Shows

European Union recorded music industry revenue totaled $5.73 billion (€5.2 million) in 2023, when nations including but not limited to Italy, Hungary, Bulgaria, and Poland achieved double-digit year-over-year growth, according to a new report.

Data Analytics Platform Chartmetric Highlights the Importance of ‘Trigger Cities’ for New Artists in 2024

Music Industry Funding Fell Nearly 15% YoY in August Despite a Larger Average Raise Size, DMN Pro Analysis Finds

How does August of 2024’s music industry funding stack up against that associated with the same month in 2023? Drawing from DMN Pro’s one-stop raise database, we analyzed the numbers to find out.

No Plateau Here — Spain Reports 18.8% YoY Digital Growth in H1 2024

Productores de Música de España (PROMUSICAE) has revealed that the Spanish recorded music market grew 16.6% in the first half of 2024. That H1 2024 growth is attributed mainly to the digital market, which saw growth of 18.8% compared to the same period in 2023.

UK Live Music Industry Revenue Jumped 17% in 2023 Despite Festival and Grassroots Venue Struggles, Report Shows

Revenue from concerts and music festivals grew by double digits in the UK last year, when the domestic live entertainment sector nevertheless grappled with “soaring costs in multiple areas,” according to a new report.

How Serious Is the U.S. Streaming Slowdown? Here’s What the Last 10 Years of Industry Data Tells Us

Mechanical Per-Stream Payouts Ranked (US): Spotify, Apple Music, Amazon Music, YouTube Music, More

Argentina’s Recorded Music Industry Expanded by 8.2% in 2023 — As Digital’s Revenue Share Approached 75%

Brazil isn’t the only South American nation turning in significant recorded music growth, as the Argentinian music industry expanded by 8.2% in 2023.

Brazil’s Recorded Music Market Expanded by 21% in H1 2024 Amid Continued Streaming Growth, Report Shows

Thanks to a continued streaming expansion, the Brazilian recorded music industry grew by over a fifth during 2024’s initial half, according to a new report.

Thanks, Swifties? U.S. Vinyl Sales Volume Returned to Double-Digit Growth During H1 2024, Report Shows

Who says vinyl’s nearly two-decade commercial resurgence is slowing? The format achieved double-digit stateside sales-volume growth during 2024’s opening half after turning in a single-digit expansion in the same category throughout all of 2023.

RIAA Reports US Mid-Year 2024 Recorded Music Revenues Up 4% to $8.7 Billion — Though Paid Subscriptions Bump Just 2.7% Year-Over-Year

The RIAA has released its mid-year report for 2024, revealing that U.S. recorded music revenues rose 4% to $8.7 billion in estimated retail value. That's a record sum, according to the major label trade group, though paid subscription accounts improved just 2.7% year-over-year.

Is Warner Music Really Achieving ‘Strong Subscription Streaming Growth’? We Crunched the Numbers to Find Out

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Italy’s Recorded Music Market Expanded by Over 15% During H1 2024 Amid Streaming and Vinyl Growth, Report Shows

According to a new analysis from the Federation of the Italian Music Industry (FIMI), Italy's recorded music market grew by double digits during 2024’s opening half.

Did Kunlun Tech Train Melodio on Copyrighted Tracks? We Tested ‘The World’s First AI-Powered Music Streaming Platform’ to Find Out