Engagement and Spending Breaks Modern Records It’s the “time of the season” when numbers run high- with apologies to the Zombies for the song reference. National lobbying organizations and various researchers are publishing year-end 2024 music industry numbers. We thought we’d add a few more, focused on the music fan. Yes, growth in subscriptions is read more »
TikTok Losing Share of Music In Q4 2024; Younger Users Defecting According to MusicWatch’s latest audiocensus study, completed in January, there are over 103 million music listeners on social video apps in the US, a rise of 80 percent since 2021. These listeners spend an average of 6.5 hours per week with music on social read more »
A recent article in the Wall Street Journal suggested that TikTok experienced slowing user growth in the US between 2022 and 2023. The decline was attributed in part to the younger demographic. At MusicWatch, we saw no evidence of this. To be fair, there are lots of ways to measure audience for a platform such read more »
MusicWatch Annual Music Study points to continued health of the US music market, a record number of paid subscribers, and increased spend on recorded music. Over 90% of internet users are streaming music in the US. MusicWatch today published its 22rd edition of the US Annual Music Study, the most comprehensive overview of audio and read more »
Demand isn’t there today, but there’s a payoff if it can be unlocked. Lucien Grange and Robert Kyncl, leaders of Universal Music and Warner Music respectively, received a lot of notice last week for suggesting that music fandom was sorely under monetized. Both see squeezing more dollars from music fans as a path to growth. read more »
As growth in the number of paid music streaming subscribers slows in the US, some have theorized that Baby Boomers are the key to unlocking more paying customers. It has become popular to talk about Baby Boomers as the saviors for the next wave of growth in music streaming subscriptions. This notion started after analysts read more »
SIRI’s streaming app is a legitimate contender in music streaming and Pandora continues to be a leader serving the large market preferring ad-supported music services It was a challenging first quarter for Sirius, with staff reductions, and a notable dip in stock price. New vehicle sales, which typically fuel trials of Sirius’ in-car satellite service, read more »
Audio is a category ripe for segmentation. Genres are a great start. If I say Classic Rock or HipHop what vastly different imagery comes to mind? We can create similar images by showing someone who prefers listening to music on radio, versus one who favors streaming. Then there’s age demographics and groupings such as GenZ. read more »
US Music Listening Hours Up By 28% Compared With Year-Ago MusicWatch released the results of its audiocensus survey of US internet users aged 13 and older. The study showed strong growth in engagement among US music and audio consumers during second quarter 2022. MusicWatch estimated that there are an additional 10M more music streamers in read more »
The new generation of Vinyl buyers are dedicated to the format and represent an opportunity for artists, retail, and device marketers. In 2021, vinyl record sales topped $1 Billion in the US. The last time vinyl sales topped the billion-dollar mark was 1988, when inflation adjusted revenue was $1.2B (RIAA). Between 1989 and the read more »