Analysis News Stray Kids break K-pop sales record, achieving over 5.1m pre-orders for their new album 5-StarSeventeen's album FML racked up 4.64m pre-orders
Analysis News There are now 120,000 new tracks hitting music streaming services each dayA total of 10.08 million new songs uploaded to the likes of Spotify, YouTube Music and other music streaming services in the first three months of the year alone
Analysis News The 3 major music companies are now jointly generating approximately $2.9m per hourWith $6.2 billion in revenue secured in Q1, can the majors now go on to jointly top $25 billion in annual revenue in 2023?
Analysis News King & Prince sold 1.2m physical copies of their latest album ‘Mr.5’ in its first week in Japan, becoming the market’s fastest-selling album this yearUniversal Music Japan and King & Prince have set the record for 2023’s fastest selling album in Japan
Analysis News Move aside, BTS. K-Pop stars Seventeen just sold over 4.5m copies of their new album FML in its first weekSeventeen's '10th mini album' FML sold 3.99 million copies on its first day (April 24)
Analysis News Tencent Music’s independent artist platform reached 390,000 musicians at the end of 2022, adding 40,000 in Q4 aloneTencent Music Entertainment has published its Annual Report for 2022
News Global music streams crossed the 1 trillion mark in just three months this year – a new recordMusic listeners have cumulatively spent roughly 960,000 years streaming music so far this year, according to Luminate
Analysis News The top 1,000 songs on YouTube’s TikTok rival Shorts saw more than 280bn combined views in January 2023YouTube publishes new set of stats for its short-form video platform
Analysis News There were 589m paid streaming users in 2022, driving a 9% rise in global recorded music revenues to $26.2bnGlobal recorded music body IFPI published its Global Music Report 2023 on Tuesday (March 21)
News Global recorded music revenues reached $31.2bn in 2022, but YoY growth slowed ‘significantly’ (report) Midia estimates highlight a slowdown in recorded music growth last year
Analysis News US recorded music revenues from paid subscriptions exceeded $10bn annually for the first time in 2022The US recorded music industry grew 6.1% to USD $15.9 billion in 2022, according to RIAA's 2022 Year End report
News Spotify approaches $40bn in all-time payouts to the music industrySpotify says that 'nearly 70%' of every dollar it generates from music 'is paid back as royalties to rightsholders'.
Analysis News The MLC has distributed $1 billion to songwriters to dateOrganization directly distributed more than $532.3 million in royalties to its members in 2022
Analysis News Is Live Nation ‘the largest financial supporter’ of artists? Concerts giant spent $9.6bn putting on shows in 2022Company files financial results for Q4 and the full year ended December 31, 2022
Analysis News Spotify wants 50 million creators on its platform by 2030. BandLab already has 60 million.And wait until you read how many tracks are being made on the Singapore-headquartered platform each month...