1Music Industry Study and Facts
The global music industry is a 50 billion-dollar business despite constant shifts in the way music is enjoyed by fans—music lovers are still here!
According to Nielsen, 2015:
The Year-end Music report recently released by Nielsen details an unprecedented music consumption pattern in the United States. Sales of albums in every format except one are down from 2015. Digital songs downloads are also down. Despite this, total music consumption went up by 3%. The reason is not far-fetched. The music business was overtaken by on-demand streaming. Not surprising, just long overdue.
On-demand audio streaming accounted for the largest share of total audio music consumption with a slice that consumed 38% of the pie. For ...
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