REPORT: End Of Year Numbers Reveal US Music Consumption At All-Time High
A brand new report from BuzzAngle Music spells a promising, however altering, panorama for the way forward for the music trade. Examining trade traits and highlights all through 2018, BuzzAngle makes an attempt to create an correct street map for the next 12 months.
Overall, music consumption has grown by double digit percentages in 2018. According to the report, whole consumption grew 16.2% over 2017, which already confirmed a 12.eight% enhance over 2016. More persons are listening to extra music than ever earlier than. (The variety of distinctive titles audio-streamed in 2018 totaled 3M greater than in 2017, a 9.2% enhance.) Including each audio and video sources, whole streams had been over 809 Billion for 2018. With a ‘B.’
No doubt a part of that is as a result of huge rise in Asian pop teams like BLACKPINK, Baby Metal, and BTS going completely viral, however American and European artists like Drake and Ed Sheeran are doing their justifiable share, as properly.
However, the rise in streaming can be indicative of the dying of gross sales.
“Album gross sales and tune gross sales continued to say no, 18.2% and 28.eight% respectively,” states the report, “and bodily gross sales declined 15.three%.” Though vinyl gross sales continued to develop, with a rise of 11.9% over 2016, the whole variety of gross sales (eight.6M) remains to be a far cry from CD gross sales even of their declining state (74.5M).
Regarding music exploration, the long run is brilliant. There had been solely 9 songs that had been streamed greater than 500 million occasions in 2018, in comparison with 16 in 2017, six in 2016 and two in 2015. However, there have been 417 songs that streamed greater than 100 million occasions in 2018, in comparison with 383 songs in 2017, 226 songs in 2016 and 111 songs in 2015. This reveals that whereas shoppers nonetheless respect the hits, they’re additionally broadening their style and increasing into new territories. You can thank options like Spotify’s Discovery playlists for lots of this.
Still, for the second straight 12 months, Drake took the three largest awards: Artist of the Year, Album of the Year, Scorpion, and Song of the Year, “God’s Plan.”
You can learn the complete report out there right here.
Best Buy Officially Quit Selling CDs Today
It’s no secret that as far as music consumption goes, physical product is a thing of the past. Somewhere along the way in the mid-2000s, the digital download and iPod made physical CDs obsolete before music streaming came along and in turn made digital downloads obsolete.
Now, we’re firmly in the streaming era and it looks like the last relics of the physical product era are slowly being phased out of mainstream consciousness per this report from Billboard from February that marked yesterday as the last day that Best Buy would carry physical CDs.
Best Buy will continue to stock vinyl though which has been making headlines of late for resurgent year on year growth culminating in its strongest ever years in both Canada and the US since 1991 when Nielsen first started to track vinyl sales.
H/T: Consequence of Sound