Global music streams grew by 33.7% to 7.1tn in 2023 according to Luminate.
That’s 7. 1 trillion music streams last year across the world. The stat comes from research firm Luminate’s 2023 Year-End Music Report, which was published this week:
• The 7.1tn streams were across audio and video services, with that total up 33.7% year-on-year. Of that total, 4.1tn were on-demand audio song streams, up 22.3%.
• Luminate’s report doesn’t state the video total outright, but it’s easy to calculate from its figures for total streams and audio streams. There were 3tn on-demand video song streams in 2023, up 63.3% from the 1.9tn in 2022.
• It may be an uncomfortable topic for music rightsholders to think about, but video streams appear to be growing nearly three times faster than audio streams.
• Luminate’s ‘Track Streaming Pyramid’ data is very interesting in the light of Spotify’s decision to not pay royalties to tracks until they reach 1,000 streams in the previous 12 months.
• According to Luminate’s calculations, 152.2m tracks were streamed less than 1,000 times in 2023. That’s a startling 82.7% of all the audio ISRCs that it tracks for this research.

#MusicIndustry #MusicBusiness #MusicAlly

Teach your pet how to play the piano 😀
https://www.youtube.com/watch?v=GhyHQnZzuV0
#musictech #Music #cats #dogs

Really liked 'Lost in Space' series at Netflix. And now this one 😎 https://www.theverge.com/24030500/3-body-problem-trailer-netflix-sci-fi-mystery.

NAMM 2024 lineup from 37 MIDI Association companies who will have booths at the Winter NAMM show.
https://www.midi.org/midi-articles/midi-association-namm-2024-booth-schedule
Interesting topics are there.

Points are definitely an interesting idea...
"Songwriters today have it a lot tougher than previously, thanks to streaming. While artists aren’t making a whole lot per stream, songwriters only make about 20% of that, and chances are it’s split with a publisher. Now a number of small labels have pledged to offer songwriter points, or a royalty derived from the master streaming revenue."
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Acustica Audio Christmas 🎄 compressor giveaway.
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Completely agree with Bobby Owsinski 2024 prediction. The future should be a mixture of technologies, talent and discovery.
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Quite expected forecast from Armada's CEO. Let's make our own steps to #decentralization.
#MusicIndustry #Music #AI #artists #MusicBusiness #Streaming

FREE AI-Powered Sample Pack Generator.
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I agree with Maarten on new #Music economies to grow new fields of #MusicIndustry.
We are building #PublMe since 2020.
Music needs quality and value. #Musicians need #Monetization. Everyone needs support.
"Music drives our lives, we all know this. And yet music gets continually devalued. It’s there, and then - due to its sonic properties - it dissipates. When we are able to capture music in a solid form, it can retain and grow its value... But, we cannot live without music just like we can’t live without oxygen." https://musicx.substack.com/p/we-need-new-music-economies

AllMusic Best of 2023 - results and review.
https://www.allmusic.com/blog/post/allmusics-best-of-2023
#Music #Musicians #MusicIndustry #artists #AllMusic

"Let’s be positive and say that the world is shifting towards a more sustainable approach to life on our planet. We can’t rely on return to old ways. Earth has changed and we cannot undo that. Instead, we have to create a cultural shift to engage our changed planet towards a sustainable future. We can use music to communicate, to empower, and to create. Through these efforts music can participate in expanding our bio-cultural diversity. Let’s make it happen and harness music to help us move to a more sustainable future." #Music #artists #world