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Taylor Swift made up 1.7% of the entire U.S. recorded-music market in 2023, according to the year-end report from Luminate, the industry data partner formerly known as SoundScan. The news does not ...
The global music industry surpassed 4 trillion streams in 2023, a new single-year record, Luminate’s 2023 Year-End Report found. Global streams were also up 34% from last year, reflective of an ...
Folk music in the US is varied across the country's numerous ethnic groups. The Native American tribes each play their own varieties of folk music, most of it spiritual in nature. African American music includes blues and gospel, descendants of West African music brought to the Americas by slaves and mixed with Western European music.
The album-equivalent unit, or album equivalent, [1] is a measurement unit in music industry to define the consumption of music that equals the purchase of one album copy. [2] [3] This consumption includes streaming and song downloads in addition to traditional album sales. The album-equivalent unit was introduced in the mid-2010s as an answer ...
For many years, a song had to be commercially available as a single to be considered for any of the Billboard charts. At the time, instead of using Luminate (formerly Nielsen SoundScan or Nielsen Broadcast Data Systems, BDS), Billboard obtained its data from manual reports filled out by radio stations and stores.
Musicians working in a recording studio An audience watching a concert. The music industry refers to the individuals and organizations that earn money by writing songs and musical compositions, creating and selling recorded music and sheet music, presenting concerts, as well as the organizations that aid, train, represent and supply music creators.
Record sales or music sales are activities related to selling music recordings (albums, singles, or music videos) through physical record shops or digital music stores. [ 1 ] [ 2 ] [ 3 ] Record sales reached their peak in 1999, when 600 million people spent an average of $64 on records, achieving $40 billion in sales of recorded music.
Launched in 2003, the iTunes Music Store is the global leader in a-la-carte digital music downloads, with over 26 million songs being offered in their database as of September 2012. [2] Pricing: The iTunes music store has a three-tiered pricing system, with songs selling for either $.69, $.99, or $1.29 depending on popularity and demand. [3]