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Streaming now accounts for 80% of music business revenue, according to Mitch Glazier, Chairman, and CEO of RIAA.

Streaming now accounts for 80% of music business revenue, according to Mitch Glazier, Chairman, and CEO of RIAA.

The headline out of RIAA’s latest data on the music ecosystem is clear (and to anyone who’s ever had to separate teenagers and their earbuds, no great surprise) — the streaming economy continues to accelerate, strengthen, and mature. Everywhere you look, our industry’s embrace of new technologies approaches, and platforms is paying off for artists, fans, and everyone who loves great music.

Music revenues grew 18%, to $5.4 billion in the first half of 2019. Paid streaming services added more than 1 million new subscriptions a month, taking us past 60 million total paid subscriptions. Thanks to that breakneck growth, plus continued modest drops in digital downloads and new physical sales, streaming now generates 80% of music business revenues and has fundamentally reshaped how fans find, share, and listen to the songs and artists they love.

Read the whole story: https://medium.com/@RIAA/a-tech-forward-music-business-fuels-streaming-boom-572fbbc4bc71

More Than Three-Fourths of US Internet Users Are Now Streaming Music, Says Study | Billboard.com

As for which streaming services are getting use, YouTube leads with a 30% share of weekly music listening, according to the study, followed by Spotify at 24% and Pandora at 17%. Apple and Amazon’s music services each account for 6%. Even though those both have seen strong subscriber growth, MusicWatch found Spotify listeners spend much more time on the platform, driving its higher share of listenership.

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Courtesy of MusicWatch

More than three-fourths of the American internet-using population over the age of 13 is now streaming music. That’s according to MusicWatch’s audiocensus Q2 2019 report on U.S. music consumption and listening habits, shared exclusively with Billboard in advance of its publication.

MusicWatch calculated 183 million Americans over the age of 13, or 77% of the U.S. internet-using population, are now streaming. That marks a 14% increase since the same time last year. Of those users, the report estimates 125 million are using paid music streaming subscription services. And while only 68 million of those subscription streamers are personally paying, that represents a 21% increase from 56 million just six months prior.

Read the whole article at Billboard.com

Starbucks rolls out a more personalized mobile app along with a revamped Rewards program | TechCrunch

 

Starbucks rolls out a more personalized mobile app along with a revamped Rewards program

Starbucks this morning announced the overall of its mobile application, now used by 17 million people, in an effort to create a more personalized experience for its customers. The changes rolled out alongside an overhaul of the company’s popular customer loyalty program, Starbucks Rewards, which is now doling out stars based on dollars spent in stores, rather than how often customers make purchases.

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Here are the tell tell signs of yesteryear, remember when new technology emerged and we didn’t think it would touch physical CD sales, so the industry ignored it till it was too late? We might want to learn this lesson faster…

Nielsen Entertainment analyst Dave Bakula chalked up the declines in downloads mostly to “a shift in the way consumers are consuming music,” noting that total streams on services such as Spotify and Pandora Media Inc. were up 46% for the year to date, compared with the same period last year. Streaming services now account for nearly one-third of the revenue from recorded music in the U.S., according to the RIAA.

There was note of big albums coming in the next few weeks that might change the percentage a bit, but this is no surprise as we give music away to draw attention and the music streaming services are getting cheaper. (Spotify dropped prices with family plan).

Artist need to keep the eye on the ball and remember your live ticket sales, merchandise as well as your overall brand need much attention to keep revenue streams flowing.

 

SOUNDWAVE FOCUSES ON GROUP MESSAGING AND PLAYLISTS IN BID TO BECOME MUSIC’S WATER COOLER

Watching more services popping up for you to decipher what you are listening to in any environment. This iOS and Android app currently supports over 20 services, including Spotify, Rdio, Deezer, iTunes, YouTube, and SoundCloud. We find this a great opportunity to reach out to your fans no matter what service they drawn to.   Something worth keeping your eyes and ears on!

GOOGLE NOW OFFERS LINKS TO MUSIC APPS WHEN YOU SEARCH FOR BANDS ON ANDROID

iTunes may be the largest sales portal for digital music (legitimate that is) However with mobile devices diversifying and apps growing on non apple devices your new radio station might be an app that drives your sales.

 

 

FIRST LOOK: AMAZON PRIME MUSIC WON’T MAKE YOU CANCEL SPOTIFY

Now with Amazon in the streaming game you will want to ramp up your Amazon specials and placement. It might not be iTunes but it HUGE Prime subscription service will have new eyeballs and ears on your artists catalog.  Check out all the details and call us if you want ideas how to jump on the bandwagon.

SPOTIFY ADDS IN-APP MERCH STAND TO ARTIST PROFILES | MUSIC – CNET NEWS

Spotify adds in-app merch stand to artist profiles | Music – CNET News.

You can now buy T-shirts, records, and other merchandise from your favorite artists within music-streaming service Spotify.

Ask us how you can get started using this service and how we can manage it for you.

Spotify adds in-app merch stand to artist profiles | Music - CNET News

Been there, streamed that, bought the T-shirt… you can now buy shirts, records, and other merchandise from your favorite artists through music-streaming service Spotify.

Turns including Beastie Boys, Banks, Grateful Dead, Bon Jovi, Deadmau5, and much-trumpeted new arrivals Led Zeppelin have been first to offer swag in Spotify over the last month, and the feature is now open to any artist to sign up and start selling anything they want, from wristbands to vinyl records, right there on their profile page.

Clicking on an item shows you a preview image and then takes you to the band’s online store, wherever that may be. Merchandise is available to buy if you’re listening to Spotify in the US, UK, Ireland, Australia, New Zealand, Denmark, Sweden, Norway, and Iceland.

Any band or artist can add a merch stand to their profile within the Spotify app. They can only offer three items at a time, but on the plus side there are no fees: neither Spotify nor Topspin — which provides sales and marketing software to artists — take a cut when a fan drops some cash on a new shirt, poster, or album.

Topspin has a similar deal to offer merchandise through forthcoming rival streaming serviceBeats Music, which is set to launch on Tuesday.

As digital music — and with it, music piracy — has eaten into the money made from selling music, other ways of making money have become increasingly important. Revenue streams such as merchandise and live concert tickets are two big ways for artists and labels to make money — and both can now be browsed and bought through Spotify. READ MORE

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