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‘Rockonomics’ Review: Making Money in the Music Biz

On-demand audio streams according to Nielsen (YoY growth):
1) 
2018 – 261.0B
2) 
2019 – 333.5B (↑ 28%)

Total album sales (YoY growth):
1) 
2018 – 63.6M
2) 
2019 – 51.6M (↓ 19%)

Share of album sales (% of total):
1) 
CD – 24.8M (48%)
2) Digital – 19.1M (37%)
3) Vinyl – 7.7M (15%)

Top 5 artists by total streams:
1) 
Drake – 2.7B
2) 
Ariana Grande – 2.6B
3) 
Post Malone – 2.4B
4) 
Billie Eilish – 2.2B
5) 
Juice WRLD – 1.9B

Apple Music subscribers (YoY growth):
1) May 2018 – 50M
2) 
June 2019 – 60M (↑ 20%)

Total paying subscribers:
1) Spotify – 100M
2)
 Apple Music – 60M

Video: The growth of Apple Music

FYI: If you are over 40 30, then check out TikTok.

More #1: Taylor Swift’s Feud With Scooter Braun Spotlights Musicians’ Struggles to Own Their Work

More #2: Memes Are the New Pop Stars: How TikTok Became the Future of the Music Industry

More #3: A Farewell for iTunes

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