Jan 13 in 🗣️ General discussion
Music Market 2023 Year-End Music Report by Luminate
Each year, research firm Luminate releases facts and figures of the music market. Luminate has released its '2023 Year-end Music Report' and we have summarized it for you:
2023 in numbers:
✔ 7.1 trillion music streams
✔ 33%Year-on-Year growth
✔ On demand audio streams: + 22%
✔ On demand audio streams: + 63%
✔ 436K tracks were streamed more than1 million times (373K year before)
✔ 45 million tracks were streamed 0 times in 2023
✔ 152 million tracks were streamed less than 1000 times
✔ That's 87% of all audio tracks online
✔ Fastest growing genre: latin music (24%)
✔ D2C sales (direct to consumer) grew by 39%
✔ On average, over 103K new tracks are delivered to DSPs per day
What are your thoughts about this numbers?
0
0 comments
Music Market 2023 Year-End Music Report by Luminate
skool.com/nolabelsnecessary
Learn how to grow your fanbase without a label. Learn from the team behind Billboard #1 hits with 15+ years of experience in the industry.
Leaderboard (30-day)
1
+12
2
+9
3
+8
4
+7
5
+7
powered by