Posts Tagged ‘trends’

April 2nd, 2015 by Stuart Dredge
Research firm GlobalWebIndex has been tapping its global panel of teenagers to find out what they’re doing online and how they’re getting their digital entertainment.

The results make for interesting reading, with a number of points about this age group’s music consumption. It’s based on a sample size of 4,849 16-19 year-olds – so “late teenagers” would be a more accurate term to describe them – in 32 countries. (more…)

The new year is typically a time for predictions for the year. But at the midway point of the decade, rather than do some short term predictions I think this is a good time to take a look at the longer term outlook for the music industry. Here are five long term music industry predictions:

(more…)

Why The Music Aficionado Was To Blame For Declining Music Sales In 2014 | Music Industry Blog

Music revenues declined by 2.9% in 2014, down from $6.9 billion in 2013 to $6.7 billion across the US, UK, France, Italy, Australian, Sweden and Norway. Much has been made of the fact that revenue fell in the Nordic markets where streaming had previously driven growth. One year’s worth of revenue numbers does not make an industry trend.

The one year fall off in strong streaming markets is not proof of a fundamental weakness in the streaming model in just the same way a couple of years of growth was not proof of its strength. We are in the midst of a transition period and there will be further anomalies and blips along the way. They key reason for the volatility is the music industry’s growing dependence on an increasingly small group of consumers: the Music Aficionados. Music Aficionados are consumers that spend above average time and money with music. They represent just 17% of all consumers but a whopping 61% of all recorded music spending. These consumers shape the fortunes of the music business. In the past this did not matter so much because: (more…)