Luminate is the watcher of all music consumption in Canada and the U.S. and has simply issued its year-end report for Canada after sorting via its 500 verified sources and analyzing greater than 20 trillion (sure, trillion) information factors.
On common, 99,000 new songs are uploaded to streaming music platforms each day (down from a median of 103,500 in 2023), which works out to roughly a million per thirty days. The present universe of accessible digital songs (and all streamers share the identical catalogue) is 202 million, a rise of 18 million (about 10 per cent) from final yr. Of that quantity simply 8.2 per cent had been offered by main labels, which means that 92 per cent got here from indie musicians.
Take into consideration that for a second. Greater than 200 million songs out there to anybody with an web connection totally free — or no less than one thing near it. Within the previous days of mega document shops, you’d be fortunate to search out 100,000 titles in inventory. For anybody complaining {that a} streaming subscription prices an excessive amount of and isn’t good worth, give your head a shake.
Diving deeper, although, we begin to see some obvious points. Practically half of these 202 million songs (93.2 million) acquired 10 performs or fewer. Roughly 175.5 million (87 per cent of the overall songs within the library) had been performed 1,000 instances or fewer. That is attention-grabbing as a result of Spotify, the largest streamer, refuses to pay out any royalties for any tune that will get fewer than a thousand performs. Granted, a thousand performs isn’t price a lot — the worldwide common means that this may lead to US$2.38 — however these crumbs add up when unfold over 175.5 million. How a lot is Spotify saving by ignoring the artists on the backside?
What number of songs received zero performs? We don’t know, however credible estimates put that quantity at 50 million, or 1 / 4 of the overall. (For enjoyable, signal on to a web site known as Forgotify and also you’ll get a stream of songs by no means earlier than heard by anybody.)
One other factor to think about: What number of of these 202 million songs are AI creations? Spotify is presently being slammed for providing “ghost artists,” cheaply made music that’s squeezing out correct musicians. In case you’ve ever used Spotify for some background chill music, likelihood is you’ve unwittingly been uncovered to this sort of music. How a lot does Spotify pay out to the individuals creating this materials? It’s all work-for-hire piecework. Somebody is contracted to create X songs in a sure model and is paid a price. After that, Spotify doesn’t pay out something for this ghost music — all within the identify of saving cash.
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Again to the numbers. In 2024, streaming numbers shook out like this:
- 100,000 to 1 million streams: 2.1 million songs
- a million to 10 million: 427,700
- 10 million to 100 million: 60,000
- 100 million to 1 billion: 4,800
- one billion-plus: 33
Canadians streamed 145.1 billion songs in 2024, up 9.5 per cent from a yr earlier. We purchased extra vinyl, CDs and cassettes than in 2023 (4.8 per cent extra) however after we mix bodily and digital album gross sales, every little thing was down about one per cent, indicating that we’re not shopping for digital music, we’re simply streaming it. We’re additionally extra serious about streaming catalogue songs (i.e. tracks greater than two years previous) than one thing present, with a ratio of 74 per cent previous to 26 per cent new.
The report solely broke down listening by way of streaming by style for the U.S., which I’ve a sense is completely different from how we devour issues in Canada. Nonetheless, right here’s how listening by style in America shakes out:
- R&B/Hip-hop: 320 billion-ish streams. Nonetheless, this style’s total share is down 2.3 factors from 2023.
- Rock: 230 billion-ish streams. A lot of the listening was to “deep catalogue” songs (i.e. greater than 5 years previous). Solely about 12 per cent of listening was to present rock tracks.
- Pop: 175 billion-ish streams.
- Latin: 110 billion-ish streams.
- Dance/Digital: 50 billion-ish streams.
Pop had a giant yr when it got here to development, transferring previous rock (No. 2) and Latin (No. 3), largely due to successes by Taylor Swift (12.8 billion streams on her personal), Billie Eilish and Sabrina Carpenter. No rock act made the highest 10 when it got here to the preferred streaming artists. The largest rock acts had been Noah Kahan, Hozier, Linkin Park, The Beatles and Fleetwood Mac.
When it got here to listening to overseas music, Canadians went to the U.S. first, adopted by the U.Okay. and Australia. The U.S. imported its music from Canada, Australia and New Zealand, a stat that should concern music of us within the U.Okay. As a facet be aware, Canadian music was the third-most standard import in Australia.
Essentially the most prolific songwriters on this planet in 2024 had been Taylor Swift (30 songs within the international high 1,000 streaming songs), Max Martin (22) and The Weeknd (18). Canada completed third behind the U.S. and the U.Okay. when it come to high songwriters globally.
There’s been lots of discuss of serving superfans during the last 12 months. These are an artist’s most fanatical supporters. In 2024, the common superfan spent US$113 a month on dwell music occasions, 66 per cent greater than a daily fan. In addition they spent US$39 on bodily purchases a month, in contrast with the common music fan spend of US$19.
Let’s end up with a number of odds ‘n’ ends.
- One per cent of all CDs and one per cent of all LPs are bought on the merch desk at a venue.
- 39 per cent of all LPs are bought at indie document shops.
- 29 per cent of all bodily gross sales are completed via indie document shops.
- Hip-hop followers are the almost certainly to buy one thing via an artist’s on-line storefront.
- The highest music documentary was The Best Night time in Pop, the story of the recording of We Are the World, which streamed on Netflix. Individuals spent a complete of 1.27 billion minutes watching that factor. Second was the I Am: Celine Dion on Amazon with 507.1 million.
- Gen Z spent essentially the most on festivals whereas millennials had been the largest spenders on concert events.
- Essentially the most-streamed songs in 2024 had been Stunning Issues by Benson Boone (2.577 billion), Espresso from Sabrina Carpenter (2.459 billion) and Billie Eilish’s Birds of a Feather (2.301 billion).
- Canada’s high album when it comes to mixed gross sales and streams was Tay-Tay’s The Tortured Poets Division adopted by Stick Season from Noah Kahan and Morgan Wallen’s One Factor at a Time.
- The primary tune in all of Canada was A Bar Music (Tipsy) by Shaboozey (143.8 million streams).
It’s nonetheless early and there’s extra number-crunching to be completed. When extra information is available in, I promise to share it with you.
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