|Policy
It might sound like an echo chamber at this point, but the rise of voice-enabled devices seems to be good news for music streaming.
After unveiling a three-tiered business model in December to compete in music streaming, Pandora is now incorporating parts of its subscription-based Pandora Premium service into advertising units.
For the first time ever, streaming accounted for more than half of music industry’s revenue, leaving digital downloads and physical sales of CDs by the wayside.
The Recording Industry Association of America (RIAA) recently released recorded music sales revenue figures for 2016 and some of the historical music sales data from the RIAA are displayed in the two charts above (press release here). Here are some observations.
Pandora Premium is now available for anyone to try. Like just about every other streaming music service, it’ll run you $9.99 per month and the app is available for Android and iOS (a web version of Pandora’s on-demand service is coming soon).
Streaming services accounted for 51 percent of total U.S. music revenue in 2016 — about $3.9 billion — from a mix of paid subscription services (Spotify Premium, Apple Music), ad-supported services (free Spotify, YouTube), and internet radio (Pandora).
Now the app has a new trick: Its brand-new on-demand music subscription tier, built to rival Spotify and Apple Music, is layered seamlessly on top of its famous people-and-data-powered playlisting engine. Pandora Premium is here.
It’s been a trend for some time, but now it’s official: Americans consume more music through on-demand streaming than digital album and track sales from services like iTunes.
Healthy lifestyle fans, Pandora is watching what YOU listen to for your workouts and now that it’s officially the beginning of the year and resolutions are in full swing, they took a look at the most popular work out stations on Pandora and the top spinning artists and songs on each.
Welcome to BuzzAngle Music’s 2017 report on U.S. music consumption. 2017 saw a significant increase in overall consumption, an outstanding 12.8% over 2016 that marks the third year in a row with increasing growth.