Tag Archives: sales

Casual or Committed

One of the things that is missing from the music experience is a certain level of commitment. To be sure, there are still people who are engaged and perhaps even obsessively loyal to performers. But there is a large number who most certainly are fans of particular performers but this is more about attentiveness than it is engagement.

This all goes to the primary means by which media is now consumed: a few taps on a screen and voila! When Steve Jobs introduced the first iPod in 2001 he made what then seemed to be an unimaginable claim: the device, which was about the size of a pack of cigarettes (yes, in 2001 even people who didn’t imagine themselves to be ironic or gloomy smoked), would put “1,000 songs in your pocket.” Now it isn’t a matter of containing songs on a hard drive as 1,000x are available, as it were, through the digital ether.

To be sure, this situation is one that was created by technological determinism. Its give way to bits.

Whereas it once was a commitment to owning artifacts—as in physical objects that house recordings, be it polyvinyl chloride discs or magnetic tape—it is now essentially about rental of the content without the container.

And the container once had resonance in a way that seeing an image on a screen simply doesn’t. Album jackets, sleeves, labels, and even the vinyl itself (there were sometimes easter eggs found in the space between the last groove and the paper label). Musical artists collaborated with graphic artists: one thinks of Frank Kozik, who died a couple weeks back: he worked with bands including Nirvana, Pearl Jam, The Offspring, and more. There was an exponential increase in the experience, the physical art working to enhance or even explicate the audio art.

Continue reading Casual or Committed

Billions

On the one hand, there are the dollar figures, which in themselves are somewhat difficult to come to any reasonable grips with unless you are someone who spends their time being a quant, professionally or recreationally, and if you are one you look at this number and wish that you’d been calculatedly clever enough to have bought a piece of the action before the number dropped:

$2.181 billion

Which, in itself, doesn’t seem that big a deal until you look at it like this:

$2,181,000,000.00

Which is a significant number of places after the dollar sign.

That, according to MusicBusiness Worldwide, is the Q1 cash generation of Sony for its recorded music and music publishing operations.

An increase of 9.7% over the same period last year.

But now as we move to the other hand, there is something that is truly odd, or at least a little bit unusual.

Here are the musicians who generated the greatest revenue and what got them there:

  • SZA: SOS
  • Miley Cyrus: Endless Summer Vacation
  • Harry Styles: Harry’s House
  • P!NK: TRUSTFALL
  • Depeche Mode: Memento Mori
  • Beyoncé: RENAISSANCE
  • Måneskin: RUSH!
  • Bob Dylan: The Bootleg Series Vol. 17: Fragments-Time Out of Mind Sessions (1996-1997)
  • Michael Jackson: Thriller
  • Harry Styles: Fine Line

The first thing that is atypical is the fact that Dylan is on the list. The week in October 2016 when Dylan received the Nobel Prize for Literature, Money magazine of all things had a story about Dylan’s chart performance. (Let’s face it: you can readily imagine Money writing about the likes of Ben Bernanke or Paul Krugman, Nobel economics laureates, but Literature? Dylan?)

The piece says, in part, “For all of Dylan’s acclaim and notoriety, and also for how phenomenally prolific ‘the voice of a generation’ has been. . .you might assume he is one of the best-selling artists of all time. Hardcore Dylan fans know that just isn’t the case.”

His sales numbers have not been in the least bit great, at least in the context of Big Selling Artists.

Continue reading Billions

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

Taylor Swift sells another million albums

We’ve said it before and we might never say it again (who knows!) but it’s always been rare to sell a million copies of an album in a week. But especially now when so few people purchase entire albums that even industry trade publications like Billboard have stopped basing their main album chart on sales. Since 2014, the “Billboard 200” chart has used a “multi-metric consumption” formula that includes streaming data and digital song sales.

Since Soundscan — recently rebranded as “Luminate” — began tracking sales in 1991, only 22 albums have sold a million copies in a week. It’s a weird list and not particularly good. Mostly tweener pop from the 00s and a couple of Eminem albums. Only seven albums have done it since 2010 and five of those are by Taylor Swift. Which is amazing if you think about it. How does she continue to inspire her fans to fork over their cash for her music when they could easily listen to it for free?

I don’t know how but, oops, she did it again. Midnights just sold 1.140 million copies in the U.S. in the week ending October 27. Of those sales, 575,000 were on vinyl, 395,000 on CD, 10,000 on cassette, and 161,000 were digital album downloads.

On top of the sales, Midnights also racked up 549.26 million on-demand official streams of its 20 total tracks plus 190,000 individual digital track downloads. So its total multi-metric consumption was 1.578 million equivalent album units. It still feels icky to write “consumption” and “units” in the same sentence, but hey, welcome to the apocalypse!

Continue reading Taylor Swift sells another million albums

Data: 2021 Total Music Sales and Streams

The big news from MRC’s 2021 year-end report (if you’re a dork like me) is that vinyl finally surpassed compact discs as the most-sold physical format for the first time in the Soundscan era (i.e., since 1991). Still though, people bought over forty million CDs — nuts!

Also, total album sales (physical + digital) actually went up a little bit for the first time since a little blurp in 2011. Other than that it had been all downhill since 2000. Probably has a lot to do with Adele, whose 30 sold 1,464,000, and to Taylor Swift, whose four most recent albums sold a total of 1,975,000 in 2021. Out of Adele’s 1,464,000 album sales, 1,219,000 were physical copies and 318,000 of those were vinyl.

Swift sold 260,000 copies of her new version of Red on double vinyl at $50 a pop. That’s a gross of $13 million.

Personally, I just can’t bring myself to pay $50 for a record. I felt silly spending $30 on folklore. Then again, I’m totally paying $37.64 (including tax and shipping) to get my favorite album of 2019 (Hallelujah The Hills’ I’m You) on vinyl via a special program from Bandcamp where if 250 people pre-order, they press the vinyl for you. I’m excited about that.

I think of physical media these days almost like a “fan club favor,” as Bill Wyman put it. Wyman also pointed out, surprisingly to me, that after adjusting for inflation the “~$25 or so a dumb kid might pay for Rumours at Walmart today is about the same as what this dumb kid paid for it in 1977.” Who knew!

Maybe I’m a cheapskate (fact check: I’m definitely a cheapskate) but I miss being able to buy good used records in near mint condition for $4.99. Then again, back in the 90s you could find vintage Herman Miller furniture at thrift stores and garage sales. In fact, one summer I pulled both an Eames shell chair and a Marantz receiver off the curb on garbage day. Times change.

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

Total Album Sales (physical + digital albums)

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: 2021 Total Music Sales and Streams

Data: 2020 Total Music Sales and Streams

Streams are up, sales are down. Except for vinyl, which is up again for the sixteenth year in a row (but still less than the trusty old compact disc). The industry will try to convince you that “music consumption” is up, and maybe it is, but those calculations are squishy at best.

Especially when they change their formulas every year. This year, Billboard is not using total music streams (audio-only + video streams) in their “album equivalent audio music consumption” calculation “due to reporting methodology changes from a major video provider.” They are just using audio-only streams plus sales. This way, they can say that “album equivalent audio music consumption grew 12%.” Hooray! Good news, right?

Maybe. Without knowing exactly how that major video provider’s reporting methodology changed, how can we be sure that video streams didn’t just go down from 401 billion in 2019 to 147 billion in 2020? Looking at that, it does seem a little extreme, doesn’t it? Was the number of video streams inflated before? Regardless, including those 2020 video stream numbers in the calculation would mean that overall song streams fell from 1.147 trillion in 2019 to 1.02 trillion in 2020. Which, combined with the annual decrease in album sales, would make it look like overall music consumption dropped in 2020. And we can’t have that. Nobody like a loser.

Therefore, exclude the video streams altogether and everything’s rosy again! Label execs and the RIAA can feel like they’re earning their bonuses. Everyone’s a winner.

Whatever. Enough cynicism. If you want to support musicians, buy t-shirts and physical media directly from your favorite artists’ websites.

Let’s all hope we get to go to some concerts this year. Wouldn’t that be fun? So #saveourstages.

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

Total Album Sales (physical + digital albums)

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: 2020 Total Music Sales and Streams

Dollars, Sense and Soundtracks

A word or several about the reported $300-million+ that Bob Dylan reportedly will be getting from Universal Music Publishing Group for his catalog of 600+ songs, songs written from 1962 until now. That is $500,000 per song. Yes, some of them—“Blown’ In the Wind,” “The Times They Are a Changin’,”“Like a Rolling Stone,” “Knockin’ on Heaven’s Door”—are certainly well known. One assumes that there are many, many, many others whom only the most dedicated Dylan fan would know or even be aware of (as I am not the most dedicated Dylan fan, I’ll not name any).

While it does make one wonder whether he’d gotten a few more dollars were he to have used the “g” rather than the “’” in the title of some of his tunes, we’ll let that go. Dylan has sold some 125-million records during his career. If we look at this as being a 58-year career (starting in 1962), this would mean that Dylan has sold an average 2.1-million records per year.

The times certainly are changing. For example, according to numbers from Billboard, Taylor Swift’s Folklore has become the first—and only—album to sell more than a million times in 2020.

Since her self-titled album of 2006, there have been nine Swift albums that have sold more than a million copies.

These are:

Taylor Swift: 5.75 million
The Taylor Swift Holiday Collection: 1.08 million
Fearless: 7.21 million
Speak Now: 4.71 million
Red: 4.49 million
1989: 6.25 million
Reputation: 2.28 million
Lover: 1.22 million
Folklore: 1.04 million

That is a total 34.03-million albums during a 14-year period. Which means that Swift has sold an average of 2.4-million per year, just edging Dylan out.

To be fair to Ms. Swift, she is 30 years old. Dylan is 79. She, presumably, has a whole lot more music in her to come than he does. [Correction: Swift turned 31 yesterday. -ed.]

This might lead some of you to think that I am making a comparison between the two musicians, causing a certain level of apoplexy among you. Yes, while I am making a comparison, this is not a comparison of talent.

Rather, it is a comparison of numbers.

Continue reading Dollars, Sense and Soundtracks

The End of Ownership: Material Gives Way to the Ephemeral

Here we are living through social distancing. Living through a period when we interact with people, primarily, unless those people are part of a small group we are confident of, via Zoom or Teams or from behind a mask, ideally six or more feet away. Masks and sweatpants have become increasingly important to people, the former because of the need to go out and the latter because somehow the “office” is something that is only evident from the waist up.

And when we have to encounter surfaces, there is a frantic look around for some means by which the object is sanitized or our hands are. Or both.

If we need stuff—like, say, food—then it isn’t a matter of just going down the street to the local bodega or hopping in the car and buzzing over to the supermarket. It is something that is carefully planned and executed. And while time has dulled the edge of the potential virus, there is still some hesitation regarding whether the objects should be brought in to the kitchen right away or whether those cans, boxes and bags should be permitted to settle for a period of time.

The material has become suspect.

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But it wasn’t COVID-19 that had the effect on the music industry in the U.S. that is unfolding. It seems that people have decided that when it comes to music, most are not particularly interested in any sort of ownership. The transient is sufficient. And when the numbers for 2020 are calculated, odds are that what occurred in 2019 will be nothing if not magnified.

In a report from the Recording Industry Association of America for overall economics of 2019, the trade group found “Total revenues from streaming music grew 19.9% to $8.8 billion in 2019, accounting for 79.5% of all recorded music revenues.”

And more telling: “The streaming market alone in 2019 was larger than the entire U.S. recorded market just 2 years ago in 2017.”

The biggest chunk of the monies in 2019 streaming were for subscription services, accounting for $6.8 billion. That in itself is 61% of total recorded music revenues.

Continue reading The End of Ownership: Material Gives Way to the Ephemeral

The Money in Music

In her introduction to the IFPI annual Global Music Report, which covers 2019, IFPI chief executive Francis Moore writes, “. . .it was originally drafted prior to the global COVID-19 pandemic.” Presumably there is a bit of an acknowledgement on Ms. Moore’s part that while the 2019 stats are past, they are not necessarily prologue: who knows what the future will bring?

While some of the stats aren’t particularly surprising, as in, predicated on consumption in the forms of streaming, downloads, and physical formats, Taylor Swift is the #1 IFPI Global Recording Artist of 2019, there are some numbers that are a bit strange. For example, in 2019 synchronization revenue—which is that derived from the use of music in advertising, film, games, and TV—was up 5.8%, accounting for 2.4% of all revenue in 2019, or $500,000,000 (U.S.). Ten years ago this metric didn’t even exist (or the amount of money was microscopic to measure).

What is someone more unusual, however, is that of the 10 on that list of the tops, there are two that no longer exist as they were known to be when they gained the traction necessary to make them on the top-10 list: Queen (#5)—and there is a picture of the band including Freddie Mercury not Adam Lambert—and the Beatles #10). I wonder how Ariana Grande (#6) feels about being nudged out. Much of the strength for Queen and the Beatles is probably predicated on their performance in the global top albums, where Bohemian Rhapsody was #6 and Abbey Road #10.

The #1 global album in 2019? A greatest hits album by Arashi, a Japanese boy band, 5×20 All the BEST!! 1999-2019. One can only think that in order to be a boy band with that longevity there were musician changes like a revolving door.

(It is worth noting that there is something to be said for the power of boy bands. Number 3 on the global top 10 album list is Map of the Soul: Persona, by BTS, the Korean boy band. That album sold 2.5-million units. Arashi sold significantly more, 3.3-million. And what was in the middle? Taylor Swift’s Lover, at 3.2-million.)

Continue reading The Money in Music

2019 Soundscan Data: Total Music Sales and Streams

Don’t believe the hype. You might hear that “album consumption” grew 15% but that’s an arbitrary measurement made up by the industry and tweaked every other year to make business look healthy. The indisputable fact is that people are purchasing fewer albums than ever, and on top of that, nobody’s even measuring how many albums people are actually listening to.

Yes, they track streams. And streams are up. They track revenue, and that’s up too…at least for labels. (Ask an artist how revenues from their recordings are doing.)

But albums? Come on. Does anybody really believe that listening to the single ten times (or 1,250 times? or even 3,750 times?) is an equivalent experience to listening to the album? Maybe it doesn’t matter. Maybe albums are just a marketing container to wrap around an artist’s current promotional cycle. Maybe it’s all about the singles and the licensing and the merch and the tour. Maybe I’m totally full of shit. But what’s even more full of shit is the idea that you can calculate “album consumption” with some convoluted formula. Who cares? Just look at the sales and streams.

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

Total Album Sales (physical + digital albums)

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 2019 Soundscan Data: Total Music Sales and Streams