Tag Archives: Luminate

Of Jawbreakers, Paleontologists and Morgan Wallen

Let’s assume you run a candy store. You have an assortment of sweets.

There are candy bars. Suckers. Mints. Jawbreakers. Truffles. Gum.

People come into your shop and one after another buys the jawbreakers. They all leave the store looking like they have a massively swollen cheek on one side.

Soon there are few left. There is the usual number of other items bought. But the jawbreakers exceed expectations.

So when you make your next order, you not only buy grape and cinnamon, but go for a variety of other flavors like chili and bacon.

After all, you are in the business of moving product, and the jawbreaker seems to be the candy of the moment.

Which brings us to music.

Consider this from the “2023 Luminate Year-End Music Report”:

In March Morgan Wallen released One Thing at a Time.* The album generated 482.65m On-Demand Audio (ODA) streams, or about 20% of all Country music streamed that week (a total of 2.22 billion for the category).

Country music had more than a moment in 2023. Luminate, a company that provides data and analysis for the music and entertainment industries, determined Country was the fastest-growing streaming genre in the U.S. While those 2.22 billion streams might seem like a lot, in July the number of Country streams hit 2.41 billion.

While billion is a word that is commonly thrown around nowadays to the extent that it really doesn’t mean much, here’s a way to think of it courtesy of the University of California Museum of Paleontology:

“If you, and one descendant per generation, saved $100 every day, and each of you lived for 90 years, it would take you and 304 generations of your descendants to save up one billion dollars.”

Yes, a billion is a lot. And 2.22 billion is a lot more.

So if you’re in the music business in the U.S., odds are you’re going to start providing a whole lot more Country acts to your catalog, including the analogues to chili and bacon and whatever else sounds intriguing.

Not only did the genre grow 23.7% in the U.S. in 2023—which puts it in third place, behind World and Latin music, but they “only” had 5.7 billion and 19.4 billion ODA streams compared with Country’s 20.4 billion—but the listeners of Country largely consist of Millennials and Gen Z, which means that there is a potential long future for the genre.

(Let’s go Museum of Paleontology for a moment. Let’s assume that the average length of Country songs is three minutes. If there were 20.4 billion streams, that’s 61.2 billion minutes. One billion minutes equals 1,902.6 years—yes, just shy of two millenia. So the number of streams goes to 116,439 years. That’s a lot of listening.)

Speaking of time, albeit in a comparative blink of an eye, the flurry of purchases of musician catalogs over the past few years notwithstanding, Luminate calculates that when the top 500,000 tracks in the U.S. are looked at, music released during the past five years account for 48.3% of all the ODA. While that means, of course, that 51.7% of the music is over five years old, and therefore some venture funds might be cashing in on their catalog buys, one could argue that music streaming began with Napster in 1999, so that 51.7% is spread across 20 years.

Which brings us back to near the top.

While one might assume that the top album U.S. in 2023—including physical sales, on-demand streams, total album equivalents, and on-demand video—was something by Taylor Swift, it turns out Morgan Wallen’s One Thing at a Time was at the top, with total album equivalent consumption of 5.362 million units. Swift’s Midnight was second at 3.209 million.

However, looking at the top 10 Swift seriously dominates. Wallen has an album at number five, too, Dangerous: The Double Album, which had 2.179 million units. That means a total 7.541 million.

Swift albums were also at 4 (1989 (Taylor’s Version), 2.872 million), 6 (Lover, 1.875 million), 8 (Speak Now (Taylor’s Version), 1.775 million), and 9 (folklore, 1.612 million).

Her accumulated number is 11.343 million units.

If we take the average length of an album (going to the classic 20 minutes per side of a disc), then Swift’s number equates to 453.72 million minutes of music listened to in 2023.

While that may seem like a lot, it is not something that would even raise an eyebrow of a paleontologist: it is only 863.24 years of listening.

Which brings us back to the top of the top.

There is something called a “Mega Bruiser Jawbreaker.” The world record for eating one is 17 days, four hours, eight minutes, 19 seconds.

During the 863.24 years of listening to Taylor, only some 18,535 Mega Bruisers could be consumed.

So were you to be running a candy store, that’s not the kind of jawbreaker to order.

But if you’re in the music business, Swift and Wallen are the flavors that matter.

==

*The album was released on what is arguably one of the best label names in the business: “Big Loud.” Damn right.

Data: 2023 Total Music Sales and Streams

The music industry likes to talk about consumption, which is another word for tuberculosis, and it makes all real music lovers gag. They talk about consumption because they don’t want to talk about sales because sales are down from their pre-Napster heyday. Consumption is up though. So yay.

For real though, it’s a good thing that streaming has allowed people to listen to more music. Who could argue with that? (I mean, besides any artists who are unfortunate enough not to own their own masters…which is most of them.) But for fans, this is a great time to be alive. The celestial jukebox is real. And if you want something weird that’s not available on Spotify or Apple Music, there’s a good chance you will be able to find it on YouTube. Go nuts.

Just don’t try to convince us that streaming “love is embarrassing” 1,250 times is the same as listening to GUTS. You didn’t “consume” the album. So keep that in mind when you hear that total U.S. album consumption increased by 12.6% in 2023. Did it really? Song “consumption” may have increased but who knows how many people are actually listening to albums? There’s no way of measuring that.

But overall things do seem to be getting better for the music biz. Actual album sales rose a little bit. Vinyl is up. Even our beloved old compact disc did better this year. And of course streaming is way up. 1.453 trillion songs were streamed in 2023. That’s a lot of zeroes! 1,453,000,000,000 songs.

And a good chunk of those songs were recorded by Taylor Swift. No joke, Luminate reports that “1 in every 78 audio streams was a Taylor Swift song in the U.S. this year.” And Billboard points out that her collected catalog sold 6.172 million copies (3.484 million of that on vinyl!), accounting for “6% of all album sales last year across all albums by all artists.” She sold 1.014 million copies of 1989 (Taylor’s Version) on vinyl. It blows my mind that she even pressed a million records, let alone sold them all. It’s staggering.

* * *

Total U.S. Album sales (physical + digital in millions)

Total Album Sales (physical + digital albums)

2023: 105.32 million
2022: 100.09 million
2021: 109.0 million
2020: 102.4 million
2019: 112.75 million
2018: 141 million
2017: 169.15 million
2016: 205.5 million
2015: 241.39 million
2014: 257.02 million
2013: 289.41 million
2012: 315.96 million
2011: 330.57 million
2010: 326.15 million
2009: 373.9 million
2008: 428.4 million
2007: 500.5 million
2006: 588.2 million
2005: 618.9 million
2004: 666.7 million
2003: 667.9 million
2002: 693.1 million
2001: 762.8 million
2000: 785 million
1999: 754.8 million
1998: 712.5 million
1997: 651.8 million
1996: 616.6 million
1995: 616.4 million (I’ve heard the figure is 616,957,000)
1994: 614.7 million (I’ve heard the figure is 615,266,000)
1993: ~573 million (1994 was 7.4% increase over 1993)

Continue reading Data: 2023 Total Music Sales and Streams

Data: 2022 Total Music Sales and Streams

People still buy albums. Taylor Swift fans, mostly. But still. 100 million physical and digital albums sold is not nothing. And Swift is responsible for 3% of those: 1,818,000 copies of Midnights (945,000 of those on vinyl!) and at least another 1.1 million more across her catalog.

Vinyl outsold CDs again, but its growth curve is leveling off, perhaps due to maxing out the existing pressing plants. One weird factoid in the Luminate U.S. Year-End Music Report for 2022 is that only “50% of vinyl buyers own a record player.” What’s up with that? Go buy a turntable, kids. (Preferably not a Crosley, but do what you gotta do.)

“Luminate,” by the way, is what Soundscan is calling itself these days. It was called “MRC Data” for a minute and before that it was “Nielsen Music Products” but now it’s Luminate. It’s the next phase, new wave, dance craze, anyways, it’s still Soundscan to me.

Total U.S. Album sales (physical + digital in millions)

Total Album Sales (physical + digital albums)

2022: 100.09 million
2021: 109.0 million
2020: 102.4 million
2019: 112.75 million
2018: 141 million
2017: 169.15 million
2016: 205.5 million
2015: 241.39 million
2014: 257.02 million
2013: 289.41 million
2012: 315.96 million
2011: 330.57 million
2010: 326.15 million
2009: 373.9 million
2008: 428.4 million
2007: 500.5 million
2006: 588.2 million
2005: 618.9 million
2004: 666.7 million
2003: 667.9 million
2002: 693.1 million
2001: 762.8 million
2000: 785 million
1999: 754.8 million
1998: 712.5 million
1997: 651.8 million
1996: 616.6 million
1995: 616.4 million (I’ve heard the figure is 616,957,000)
1994: 614.7 million (I’ve heard the figure is 615,266,000)
1993: ~573 million (1994 was 7.4% increase over 1993)

Continue reading Data: 2022 Total Music Sales and Streams