Global Online Music Streaming Grew 32% to over 350 Million Subscriptions in 2019

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Global Online Music Streaming Grew 32% to over 350 Million Subscriptions in 2019

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By Abhilash Kumar

Spotify continues to be the market leader and recorded a 23% YoY growth in total revenue during CY 2019.
Music streamers are focusing on creating exclusive content with podcasts continuing to feature strongly in 2020.

Seoul, Hong Kong, New Delhi, Beijing, London, Buenos Aires, San Diego – 3rd April 2020

Global online music streaming subscriptions grew 32% year-on-year (YoY) reaching 358 million subscriptions in CY 2019, according to the latest findings from Counterpoint Research. This is driven by the availability of exclusive content like podcasts, originals which attracted people towards the platform and eventually turned them as subscribers. Also, promotional activities like price cuts in subscriptions in emerging markets, bundled offers from telcos added to the growth. We expect that online music streaming subscriptions to grow more than 25% YoY to exceed 450 million subscriptions by the end of 2020.

Commenting on the overall market, Research Analyst, Abhilash Kumar, said, “Paid subscriptions grew 32% YoY compared to 23% YoY growth of total MAUs. This suggests people are ready to pay for music streaming for a hassle-free experience. However, this is not completely user-driven. Music streaming platforms are following a two-step approach to gain subscribers, first registering them to their platform as free users by means of excellent advertising campaigns and secondly pitching them with attractive offers to transfer them to become paying subscribers.”

Spotify topped CY 2019 grabbing a 31% share of the total revenue and a 35% share of the total paid subscriptions. The runner up, Apple Music, follows with a 24% share of total revenues in the industry and a 19% share of the total paid subscriptions. Due to Apple’s high focus on its services segment which includes Apple Music, its subscription base grew 36% YoY in CY 2019. Amazon Music subscriptions reached a 15% share in 2019 compared to 10% in 2018.

Talking about the top performers, Kumar added, “Spotify maintained its top spot with the help of promotional activities like free Spotify Premium for three months, price cuts, customized campaigns like Spotify and a focus on exclusive content. Tech giants like Amazon, Apple, Google have started focusing on music streaming and have sufficient cash at their disposal to give stiff competition to Spotify. Apple Music is making improvements in its app like the introduction of night mode, curated playlists to target a group, etc. Similarly, Amazon Music has been trying lossless music and is creating its own niche where it competes with Tidal.”

Despite global players strongly pushing their music streaming platforms, regional players stand strong in their respective regions, primarily because of regional exposure and high focus on local content. Gaana continues to be the no.1 player in the Indian market, Yandex Music is leading in Russia. Similarly, Anghami leads the Arab world. Tencent Music Group leads the China market with the help of its apps QQ Music, Kugou and Kuwo.

Discussing the impact of the COVID-19 pandemic on the OTT industry, Kumar added, “We expect the OTT sector will experience an uptick as people stay at home actively tracking the latest updates. During this outbreak, audio OTT consumption has switched from music streaming to the radio. People in highly affected areas are worried about the outbreak and are therefore continuously tuned to news on TV/radio for updates. The traction of news channels and podcasts saw an upswing while that for music streaming dropped.”

What’s common is that both the regional and global players are focusing a lot on building exclusive content. Acquiring podcast companies and creating their own channels are all being undertaken. It’s often exclusive content that drives paid subscription growth.

More than 80% of music streaming revenue came from paid subscriptions. The rest came from advertisements and partnerships with brands and telcos. Therefore, increasing paid subscriptions is of prime importance for music streaming platforms.

The comprehensive and in-depth chain of reports on Global Online Music Streaming Market for Q4 2019 is available to help track the market in terms of MAUs by region, paid subscriptions by region, revenues, and ARPU. To view the global report in terms of users, revenues and ARPU, click here. For regional analysis on MAUs and paid subscriptions, click here. Please contact press(at)counterpointresearch.com for further questions regarding our in-depth research, insights or other press inquiries.

Background:

Counterpoint Technology Market Research is a global research firm specializing in Technology products in the TMT industry. It services major technology firms and financial firms with a mix of monthly reports, customized projects and detailed analysis of the mobile and technology markets. Its key analysts are experts in the industry with an average tenure of 13 years in the high-tech industry.

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11
Mar

Weekly Round-Up # 11

The latest developments and additions to Jeeni’s mission! New Artists Join Jeeni’s database of talent! Prettyboyface: 'prettyboyface (Face for short) is an artist from London who doesn't really fit into a particular genre but for simplicity's sake lets go with 'underground rap'. Moved by an array of musical influences from a very young age, music has always been an integral aspect of his experiences and life in general. Being around producers in his later teenage years spurred Face into writing songs and eventually releasing them. He creates with the hope of making music that will make someone feel something.' Face has contributed five fantastic tracks to Jeeni’s hip-hop and rap channels so far and we can’t wait to review and promote them. Check out, ‘Escargot’, ‘HighSkool’, ‘Goddess’, ‘Alien’ and ‘Geneva’ on prettyboyface’s showcase here: https://jeeni.com/showcase/prettyboyface/ A Year In Provence: A Year In Provence consists of five members: Matt Potter (Lead Vocals/Guitar), Adam Bacon (Bass), James Fermer (Backing Vocals/Guitar), Dan Wing (Lead Guitar) and Jack Smith (Drums). Originally all from Kent, United Kingdom. We all met in 2016 but after undergoing a few line-up changes, 2020 produced the current line-up. Influences for our music include the likes of; Catfish and the bottleman, The Black Keys, Two Door Cinema Club, Oasis, Kings Of Leon, Circa Waves and many more. AYIP has added two brilliant tracks to Jeeni so far, check them out here: https://jeeni.com/showcase/a-year-in-provence/?view=about New Content Contributed to Jeeni’s Database of Talent! Julience - ‘Love Lies Cold’ Julience is a UK-based singer-songwriter and multi-instrumentalist. He draws inspiration from pop and rock music. 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Check out the full blog here: https://jeeni.com/blog/jeenis-giant-list-of-channels/ Julience - ‘Love Lies Cold’ Single Review Among the rock n roll hall of fame legends that Julience clearly looks up to, specific inspirations that come to mind from ‘Love Lies Cold’ include Billy Idol, Guns N’ Roses and most notably, Iron Maiden. This 80s era is where rock was at its most mainstream and so Julience’s decision to honour that time is a lot of fun. It’s also so satisfying to see him fill in a market for those that weren’t quite ready to say goodbye to those days. Check out the full review here: https://jeeni.com/blog/julience-love-lies-cold-single-review-blog-jeeni/ music news music new music news Reach out to the Jeeni marketing team at doug@jeeni.com or ella@jeeni.com. Make sure you’re following us on social media to keep up to date with new releases from our artists, our blogs and any job openings. 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16
Mar

Prettyboyface – ‘HighSkool’ Single Review

With a throwback boom bap beat and laid-back hooks, London’s Prettyboyface makes a splash with his first 2022 single, ‘HighSkool’. Prettyboyface is a rising power in London’s underground rap scene and is brand new to Jeeni’s mission. He has so far contributed eight tracks to Jeeni’s hip-hop and rap channels, including three music videos, ‘Goddess’, ‘Escargot’ and the single in discussion, ‘HighSkool’. Seeing that Face is yet another Jeeni artist that is at the very early stages of their discography, Jeeni can’t wait to see what other projects Face releases in the future. ‘HighSkool’ opens with a sparkling sample that lays down the main foundation of the instrumental before the beat enters and completes it. When the percussion does enter, the composition falls into place in a satisfying and impactful fashion, ready for Face to contribute his formidable vocal talent. He opens with a title-based wordplay for the repeating, “you man went to high school, I went school, high’ hook. Face’s rapping delivery is quickly becoming a recognisable and unique hallmark of his. His voice is recorded very close to the microphone, resulting in intense, clear and intentional performances. His voice is heard well over all other parts of the track, especially when he double-tracks his rapping when the hook re-enters. His delivery is unquestionable, commanding and confident which is refreshing when compared to other rappers who opt to slur and mumble their rapping, which although certainly has its place in corners of rap music, hasn’t got a patch on lucid and accessible alternatives, heard here in full-force from Prettyboyface. This being the first single from Face certainly makes certain promises for the near-future of his craft and has no-doubt inspired hope in his growing fanbase. Check out Prettyboyface’s showcase on Jeeni here: https://jeeni.com/showcase/prettyboyface/ How can Jeeni support artists like Prettyboyface? album review album review album review JEENI is a multi-channel platform for original entertainment on demand. We’re a direct service between creatives and the global audience. • We give creatives, independent artists and performers a showcase for their talent and services. And they keep 100% of everything they make. • We empower our audience and reward them every step of the way. • We promise to treat our members ethically, fairly, honestly and with respect. • Access to artist liaison and a supportive marketing team.

04
Apr

Zeeteah Massiah on Music, Performing and Life during 2020

Zeeteah Massiah is a Number One Billboard Dance Chart star who specialises in Reggae, Jazz and house music. Like many artists, the last year has provided many challenges for Zeeteah, but also a host of new opportunities and ventures that would have never otherwise have been possible. We asked her to tell us about her experiences over the last year whilst we count down to Jeeni's online JAM festival. It’s been the craziest year ever, but we’ve made it through thirteen months in and out of lockdown. At the beginning of 2020, I unveiled a brand-new sound and a wicked new band, and I was full of high hopes for the year. I was excited and ready to go. And then Covid hit. It took me three weeks into the first lockdown to come to terms with the fact that I wouldn’t be going on stage again for a long time. I was in a fog for weeks and then I thought: just because I can’t be on stage doesn’t mean I can’t make music. I suddenly had an impulse to record a new version of an old song that I’ve always loved – United We Stand by Brotherhood of Man. It seemed so right for that moment. Paul, my husband and musical partner, understood immediately the sound I was looking for, and we set to work in our studio. Three of my favourite musicians played on the track – remotely, of course – and family and friends in London, Germany and the Caribbean filmed lovely cameos for the video. It was such fun to do, and it got a wonderful response. You can check it out on Jeeni. And then a man called George Floyd died in Minnesota, and we were all plunged into a very different mood. I didn’t realise how painful many of my feelings about race were, and how deeply they were buried, until I started telling Paul, with tears in my eyes, about growing up in London as a young black girl from Barbados. I was constantly made to feel a certain way simply because of the colour of my skin. Here we are in 2021 and, sadly, many things are still the same. At one point I blurted out to Paul, “You don’t know how it feels to be Black”. He took those words and turned them into a song called You Don’t Know. We recorded it and made the video in July. It’s one of the most heartfelt things I’ve done, and I’ve been amazed by the incredible response it’s had and so grateful for the wonderful feedback. I did manage to squeeze in three London gigs in the gaps between the lockdowns: a reggae gig in Chelsea, and jazz gigs in Hampstead and in the West End. Better than nothing – and in fact, they were all lovely events. When it became clear that there weren’t going to be any more gigs, I decided to start doing live sessions at home with some of my favourite musicians and sharing them on YouTube. And so, the Massiah Sessions were born. We’ve released nine videos so far, in a variety of styles, and there are more to come. I was also invited to add vocals to a new rock album by a dear friend in Germany. Thanks, Günther – it was a blast. In February, I did a livestream with guitarist Marcin Bobkowski for a charity called Educ’aid Africa, run by Isa Bell, which is helping to provide music education to schools in Benin. A recent DNA test revealed that many of my ancestors were from Benin, and so the project had a special meaning for me. It was my first livestream, and I loved it. I’m going to be doing another one on 10 April, and hopefully regularly after that – join us at zeestream.live if you can! And so now here we are, approaching the end of what we pray will be the final lockdown. And soon I’ll be back on stage in front of a live audience doing what I love best. My first live gig of 2021 will be on Thursday 27 May at Crazy Coqs in London’s West End. Maybe see you there? In the meantime, I wish you all the best for what will, hopefully, end up being a much better year. Zeeteah will also be performing in the JAM festival which is a collaboration between Jeeni, AmplifyX and MultiView Media and will be held at 12 noon Los Angeles time, 8pm London time on Saturday April 10th 2021. To find out more about the JAM Festival check out our events on Facebook. https://fb.me/e/1etPauFMV

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