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Music Industry: Difference between revisions
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==== Q3 2023 ==== | ==== Q3 2023 ==== | ||
[[File:Screenshot 2023-10-19 111811.png|center|thumb|712x712px|https://luminatedata.com/blog/growing-global-unpacking-streamings-continued-acceleration-in-q3-2023/]] | |||
* Global On-Demand Audio (ODA) Streams are +559.4B over where they sat YTD through Q3 2022 as worldwide ODA streaming continues to accelerate. | [[File:Screenshot 2023-10-19 110109.png|center|thumb|704x704px|https://luminatedata.com/blog/growing-global-unpacking-streamings-continued-acceleration-in-q3-2023/]] | ||
* Global On-Demand Audio (ODA) Streams are +559.4B over where they sat YTD through Q3 2022 as worldwide ODA streaming continues to accelerate.<ref>https://luminatedata.com/blog/growing-global-unpacking-streamings-continued-acceleration-in-q3-2023/</ref> | |||
* US ODA continues overall acceleration as well as the market is currently +107.1B ahead of where it sat through the end of Q3 2022 | * US ODA continues overall acceleration as well as the market is currently +107.1B ahead of where it sat through the end of Q3 2022 | ||
* Global 1H 2023 YOY growth at 22.9% and the US growth at 1H 2023 +13.5%. This is now 22.7% and 13%, respectively. A slightly slower growth | * Global 1H 2023 YOY growth at 22.9% and the US growth at 1H 2023 +13.5%. This is now 22.7% and 13%, respectively. A slightly slower growth | ||
* US Music Listeners report spending 13.4 hours per week with music in Q3 2023. | * US Music Listeners report spending 13.4 hours per week with music in Q3 2023. | ||
* Overall, Gen Z leads all generations with 16.8 hours weekly, which is 25% more time with music than the average US listener. | * Overall, Gen Z leads all generations with 16.8 hours weekly, which is 25% more time with music than the average US listener.[[File:Screenshot 2023-10-19 110132.png|center|thumb|735x735px|https://luminatedata.com/blog/growing-global-unpacking-streamings-continued-acceleration-in-q3-2023/]] | ||
== Forecasts == | == Forecasts == | ||