News 62% of TikTok users in the United States pay for a music streaming service (report)A TikTok-commissioned study by Luminate found that TikTok users are more likely to pay for a music streaming subscription, and spend more on music, than other consumers.
News Jungkook’s debut album ‘GOLDEN’ sold over 2m copies on its first day – a new record for a solo K-Pop actK-Pop star's album was released on Friday (November 3)
Analysis News Live Nation has already sold 140m tickets to its shows this year – 19m more than in the whole of 2022Concert promoter posted revenues of $8.2bn across all of its divisions in Q3, up 32% YoY
News The MLC has paid out over $1.5bn to songwriters to dateMechanical Licensing Collective issues update on royalties paid to date
Analysis News Global songwriter royalty collections hit $11.35bn in 2022 – with Latin America revenues up 64.9% YoYPublisher and songwriter royalties collected globally grew 28% YoY in 2022
Analysis News Taylor Swift’s ‘The Eras Tour’ concert film has already surpassed $100m in global ticket presalesFilm will start playing in the confirmed 8,500 theatres across 100 countries around the world on October 13
News Latin music superfans spend over 30% more on music-related activities than other music superfans in the US (report)US market monitor Luminate has published its new Latin Music Report
Analysis News Latin music generated $627m in US recorded music revenues in H1 2023 – up 14.8% YoYLatin music’s share of overall US recorded music revenues reached 7.5% in the first half of 2023, according to RIAA's Mid-Year 2023 Latin Music Report
Analysis News Recorded music industry revenues hit $8.4bn in the US in H1 – but paid streaming account growth slowed againWhile growth in new subscriptions was slower in H1 2023 versus H1 2022, the subscription accounts that were already active in H1 2023 were paying more
Analysis News France’s recorded music revenues grew 9.4% YoY in H1 – and the entire Top 10 best-selling artists in the market were local actsIndustry body SNEP published its H1 recorded music revenue numbers for the market
Analysis News Italy’s recorded music revenues grew 14.2% in H1, with 19 of the Top 20 best-selling albums all by local actsRecorded music revenues in Italy reached €175 million in H1, according to FIMI, the organization that represents the Italian recorded music industry
Analysis News Jungkook now has 35.5m+ monthly listeners on Spotify – over half a million more than BTS.HYBE-signed K-Pop star had 35,578,104 monthly listeners on the music streaming platform as of August 18
Analysis News Tencent Music Entertainment reached 99.4m paying subscribers in Q2, as music revenues jumped 47.6%Tencent Music Entertainment, China’s largest operator of music streaming services, has published its Q2 results
Analysis News YouTube generated $7.66bn in ad revenues in Q2, up 4.4% YoY… and more than double what Spotify generated across its entire business in Q2$7.67bn generated from YouTube ads in Q2 was up 4.4% YoY increase
Analysis 15% of the general population in the US are ‘superfans.’ Here’s what that means for the music business.Recent stats published by US market monitor Luminate highlight the impact that superfans are having on the music business