music streaming

Music Streaming Hitting All The Right Notes

Mid-year revenue (YoY growth) for music industry according to the RIAA:
1) 
2017-1H – $4.2B
2) 
2018-1H – $4.6B (↑ 10%)
3) 2019-1H – $5.4B (↑ 17%)
4) 2020-1H – $5.7B (↑ 6%)

Source of music industry retail revenue:
1) 
Streaming – 85%
2) 
Physical – 7%
3) 
Digital downloads – 6%
4) 
Synch – 2%

Mid-year streaming revenue (YoY growth):
1) 
2016-1H – $1.7B
2) 
2017-1H – $2.7B (↑ 59%)
3) 2018-1H – $3.4B (↑ 26%)
4) 2019-1H – $4.3B (↑ 26%)
5) 2020-1H – $4.8B (↑ 12%)

Mid-year streaming subscribers (YoY growth):
1) 
2015-1H – 11M
2) 
2016-1H – 20M (↑ 88%)
3) 2017-1H – 32M (↑ 55%)
4) 2018-1H – 44M (↑ 39%)
5) 2019-1H – 58M (↑ 33%)
6) 2020-1H – 72M (↑ 24%)

Digital music services by monthly listeners (YoY growth) according to eMarketer:
1) Spotify – 79M  (↑ 20%)
2) Pandora – 58M (↓ 8%)
3) Amazon Music – 46M (↑ 18%)
4) Apple Music – 35M (↑ 6%)

Ad spending on radio (YoY growth) according to eMarketer:
1) 2017 – $14.3B
2) 
2018 – $14.2B (↓ 1%)
3) 2019 – $13.9B (↓ 2%)
4) 2020P – $10.4B (↓ 25%)
5) 2021P – $12.2B (↑ 17%)
6) 2022P – $12.1B (↓ 1%)
7) 2023P – $11.9B (↓ 1%)
8) 2024P – $11.8B (↓ 1%)

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