Music audio streams simply crossed the 1 trillion mark for the primary time ever in a single yr within the US

MBW’s Stat Of The Week is a sequence through which we spotlight a single information level that deserves the eye of the worldwide music trade. Stat Of the Week is supported by Cinq Music Group, a technology-driven document label, distribution, and rights administration firm.

Music audio streams within the US simply crossed the one trillion mark for the primary time ever in a single yr.

That’s in keeping with US market monitor Luminate (previously MRC Knowledge / Nielsen Music), which revealed that the 1 trillion mark was crossed within the US on Saturday (November 26).

That 1 trillion determine grew by 11.9 billion in comparison with 2021, when the full-year tally for music audio streams within the US was 988.1 billion, in keeping with Luminate information.

That 1 trillion determine can be 7x bigger than the variety of music audio streams achieved within the US in 2015, when 142.9 billion had been recorded on the earth’s largest recorded music market, in keeping with Luminate information (see beneath).

To place this yr’s one trillion US music audio streams into context, Luminate notes that music listeners have spent roughly 960,000 years streaming music out there in 2022.

Luminate additionally shared a bundle of different stats this week alongside that headline 1 trillion music audio stream determine for 2022, together with the Prime 5 most streamed songs of 2022 within the US (as of November 24, 2022)

Harry Types’ As It Was got here in at No.1 with 558 million on-demand US audio streams in 2022.

At No.2, Glass Animals’ Warmth Waves generated 493 million on-demand US audio streams in 2022.

Future’s Wait For U  generated 460 million on-demand U.S audio streams in 2022, coming in at No.3.

Kodak Black’s Tremendous Gremlin (No.4) and Dangerous Bunny & Chencho Corleone’s Me Porto Bonito  (No.5)  generated 443 million and 425 million on-demand US audio streams in 2022, respectively.

In the meantime, in keeping with Luminate, throughout its launch week (October 21 – October 27, 2022), songs from Taylor Swift’s newest album Midnights accounted for 1 out of 42 streams in the entire US.

Latin music had its highest streaming week ever within the US through the week of Could 12, 2022, with 1.8 billion streams. As reported in Could, this marked the primary time that Latin music outstreamed Nation music within the US in a single week and was largely as a result of launch of Dangerous Bunny’s now Grammy-nominated album Un Verano sin Ti.

Luminate additionally reviews that streams for Kate Bush’s Working Up That Hill had been up +20,995% within the US through the week of Could 27, 2022, after it appeared in a brand new episode of Netflix’s Stranger Issues.

Through the first half of 2022, in keeping with Luminate, music audio streaming was up +24.7% all over the world (throughout international territories).

The publication of Luminate’s new dataset round music audio streaming numbers within the US in 2022 comes two months after the Recording Business Affiliation of America (RIAA) revealed its 2022 Mid-Yr Music Business Income Report, which confirmed that streaming revenues grew 10%, from $5.9 billion in H1 2021 to $6.5 billion within the first half of 2022.

That income haul, which incorporates paid subscription providers, ad-supported providers, digital and customised radio, represented YoY progress, in income phrases, of $600 million. 

Within the prior yr interval, nonetheless (H1 2021), US midyear Streaming Music revenues grew, in income phrases, by $1.2 billion YoY to $5.9 billion.

Streaming Music’s share of complete trade retail revenues was just about flat in H1 2022, at 84%.

Cinq Music Group’s repertoire has gained Grammy awards, dozens of Gold and Platinum RIAA certifications, and quite a few No.1 chart positions on quite a lot of Billboard charts. Its repertoire contains heavyweights comparable to Dangerous Bunny, Janet Jackson, Daddy Yankee, T.I., Sean Kingston, Anuel, and lots of extra.

 Music Enterprise Worldwide

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