Swiss music market enjoys 7th year of growth with sales of CHF 223.7 million in 2022, 4% more than in the previous year according to IFPI Switzerland. The growth engine remains the streaming segment, which now accounts for 85% of the total market, while sales from downloads and physical media continue to decline. The moderate growth in vinyl, which has been ongoing since 2010, also paused in 2022 and turned slightly into the red. On […]
A new survey highlights why music fans love streaming and concludes that its ability to customize and personalize an unlimited catalogue leads to more engagement and exploration. The Streaming Forward: 2023 Fan Engagement Report published by the Digital Media Association (DiMA) is based on a survey of US music fans (2,000 music streamers and 1,000 non-streamers) and reveals new insight into the power of streaming for the music industry and fans alike. Key findings The […]
Up to 3 Bn streams in France are fake according to a recently published study by the Centre national de la musique (CNM). The study, Stream Manipulation 2021 estimated that that the share of fraud detected on the major streaming platforms in France was between 1% and 3% in 2021. In relation to market figures, this represents between 1 and 3 Bn streams detected as being fraudulent. The study was commissioned by the French Minister […]
Spotify have introduced a new feature to improve personalization by excluding playlists from Your Taste Profile. This is useful for people who have specific playlists for specific activities, such as sleeping, working out, or parenting as their recommendations can sometimes over-index on songs and artists that don’t fit with their general listening habits. Your Taste Profile is Spotify’s interpretation of your taste based on what you listen to and how you listen to it. It […]
Spotify subscribers hit 205 million in Q4 2022, a 14% increase year on year, according to its recently released Q4 2022 financial results. Monthly Active Users (MAU) increased 20% to 489 million. Revenue of €3166 million was up 18% year on year in the quarter. The streamer also showed strong growth in its ad-supported revenue of €449 million up 14% from a year before led by Podcasting gains. Despite these impressive growth figures the company continues […]
Amazon Music to increase subscription plan prices in both the UK and the US with effect from the 21st February 2023 for both Individual and Student Plans. The Amazon Music Unlimited Individual Plan is changing from £9.99 to £10.99 per month and the Amazon Music Unlimited Student Plan is changing from £4.99 to £5.99 per month. You will begin seeing the new price on your first bill after that date. If you are in a […]
Germany had 178 Bn streams in 2022 according to figures by the BVMI from data compiled by GfK Entertainment. This was 8% more than 2021 (165 Bn), more than a quarter more than 2020 (139 Bn) and almost two thirds more than 2019, when 107 Bn views were achieved. In total, the number of audio streams since the start of recording in 2013 has now totalled over 800 Bn. According to figures release, current music is the most popular […]
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