![]() See how SonoSuite can help your music company grow. Our white-label platform is connected to more than 220 DSPs worldwide. It’s the perfect time to embrace digital music distribution!ĭo you want to deliver your music catalog to the world’s best streaming services and reach top-performing digital music markets? Streaming played a key role as it accounted for over 95% of the market share. The Middle East and North Africa saw their music revenues rise by 35%.Streaming was a key factor in that increase, accounting for over 85% of annual earnings. Latin America became one of the top-performing markets after its music revenues grew by 31,2%.Europe, the world’s second-largest music recorded region, saw a 15,4% climb in revenues thanks to markets like the U.K., Germany, and France.The region increased by 22% in 2021, exceeding the global growth rate. and Canada once again experienced unprecedented growth in music revenues, mainly fueled by paid streaming. While music sales expanded in all regions, these were the most remarkable digital music markets in 2021: The digital music industry is more competitive and competent than ever, in particular, if we look at emerging markets like Latin America, Asia, or Africa, and more mature music regions such as Europe or North America. Here’s where the most significant differences between Spotify and Tidal can be found. The world’s most profitable music streaming markets It’s also not treated like a side project by Apple, it’s part of their core services. Other channels like Deezer, Tidal, Soundtrack by Twitch, or Facebook have also experienced an increase in digital music uploads in the past months. The Google Assistant fully works with Apple Music (better than YTM) and it’s a more polished experience where going to certain sections (like album or playlist views) doesn’t revert you to the old interface. Last February, Spotify revealed that over 60,000 tracks were being uploaded to the platform every day. Streaming platforms such as Apple Music, Pandora, TikTok, or Amazon Music (channels integrated with SonoSuite) are becoming the top choice for labels and distributors that want to expand their catalog reach worldwide and increase their royalty revenues. ![]() 90M+ for Tidal, although AM data is older so it may have caught up. According to Wikipedia its 75M+ songs for AM vs. And they use white-label platforms such as SonoSuite to do so. Apple Music is better (huge library compared to tidal) but sadly in my car there’s no Apple Music support so have to use tidal or Spotify. Music fans from all over the world are turning into paid subscription streaming apps to listen to their favorite tunes, but music companies are also investing in digital catalog distribution more than ever. These figures confirm that audio and video streaming services aren’t just reviving the global music recorded industry, but they also are keeping it in good shape. ![]() Total streaming revenue, which included both paid subscription and advertising-supported, hit $16.9 billion, a 24.3% year-on-year increase. This growth was mainly driven by music streaming, which accounted for 65% of the overall music market. Streaming drives music global sales to new heights ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |