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

Jeeni Blog

Helping the next generation of talent to build a global fanbase

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

/ By

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.

Click HERE to visit or return to jeeni.com

BACK

04
Mar

Jeeni’s Giant List of Channels!

Jeeni welcomes and supports a giant range of talent and art from music, spoken word, dance and more. Jeeni’s channels help viewers find exactly what they’re looking for and as a result, artists can select up to four channels that their art covers to reach those audiences. Jeeni’s prime goal is to bring attention to artists that deserve it and luckily for all of our viewers, Jeeni is packed with them. Jeeni has over 100 channels of talent ripe for exploring and compiling. Anyone and everyone can create and share playlists from all of the channels that we offer and it’s absolutely free to sign up. Finding talent on Jeeni couldn’t be easier, simply choose a channel that interests you, from ambient, to death-metal, to slam poetry and begin unearthing Jeeni artists and their craft. Here are just some of the channels Jeeni has to offer: Hip-hop: https://jeeni.com/channel/all-channels/hip-hop/ One of Jeeni’s most frequented channels, hip-hop has anything from jazz rap (Cassius Gray) , hip house (WesLi D), afroswing (I K 8OY), conscious rap (Baby Panna) and instrumental hip-hop (Big Frank) added to it week-by-week. Cassius Gray: Cassius Gray is a 23 year old rapper, musician from South West London. Fusing soulful instrumentals, with introspective lyrics and a unique intonation, Cassius gives the listener an honest reflection on his approach to life - as a young man. WesLi D: Hailing from North West London, artist and producer WesLi D brings a refreshing take to UK underground and alternative rap using a blend of styles; from melodic and bouncy to somber and thoughtful, his expression is not limited sonically by any means. I K 8OY: I K 8OY is a Nigerian/British rising star. Although he describes his music as versatile, his musical style fits primarily within the Afrobeat mix genre with melodic rap – otherwise called as Afro-swing or Afro-pop. Baby Panna: Rapper Baby Panna is still in the preliminary stages of his career, but his new EP amplifies a hunger that seems to have been with him from the start. His style flitters between melodic, acoustically composed hip-hop and psychedelic trap. Big Frank: Big Frank is a Hip Hop producer from Cornwall, based in London. Since moving to the city in 2017 he has worked as a producer and engineer, and established his sound. His style is a blend of classic Hip Hop sounds, and experimental textures. Expect more releases with the UK underground's best rappers and singers in 2022. Folk: https://jeeni.com/channel/all-channels/folk/ Daisy Chute A style of music as timeless and broad as folk never fails to both calm and inspire its fans. Keeping more traditional folk sentiments alive is the incredible Daisy Chute. Daisy has been an important and keen part of Jeeni by creating and uploading her enchanting tracks to Jeeni’s folk channel. She was also a key part of Jeeni’s artist partnership programme alongside Arianna May. Check out Daisy’s showcase here: https://jeeni.com/showcase/daisy-chute/ Richard Murray Bordering with country as well as folk is singer/songwriter, Richard Murray. Hailing from Northern Ireland, Richard Murray specialises in expanding the ideas some might have about country and folk music. He pushes the envelope in these genres by introducing alternative instruments, song writing approaches and mindsets. Richard contributed the entirety of his stellar last album, ‘Fire Sale’ onto Jeeni and we were then delighted to review the warm, romantic record, “With lush, full arrangements, creative use of instrumentation and authoritative vocal performances, Richard Murray’s newest album, ‘Fire Sale’ might just be his most impactful to date since his debut in 2007.” Check Richard’s brilliant and extensive showcase out on Jeeni here: https://jeeni.com/showcase/richardmurraymusic/ Rock: https://jeeni.com/channel/all-channels/rock/ Another strongly prevalent channel on Jeeni, is the sweeping genre of rock music. Jeeni boasts a formidable and growing roster of rockstars such as award-winning Eden James, revolutionary Giack Bazz and the newly formed five-piece, Respite. Eden James: Eden James is an indie rock-pop recording artist, winning multiple music awards from his native home of Australia and achieving a number one hit in Greece. Classic Rock magazine UK recently reviewed his new album 'All the Good Blank Are Taken' saying “Oozes urban cool and Springsteen swagger… a concise collision of catchiness and class.” Here’s Eden James’ showcase on Jeeni: https://jeeni.com/showcase/edenjames/?view=about Giack Bazz: Giack Bazz is an explosive, relentless multi-instrumentalist songwriter based in London. The artist started igniting stages with his painfully honest lyrics and his screaming telecaster in 2015. He has since released three solo albums that were critically acclaimed (Blowup magazine, Decade, Rumore). Check out Giack Bazz’s showcase here: https://jeeni.com/showcase/giack-bazz/?view=about Respite: Alt-rock quintet hailing from Glasgow, Scotland. Respite blends elements of punk, post-hardcore and pop music, with lyrics and vocals heavily inspired by pop-punk and emo. Influenced by bands such as Don Broco, Mallory Knox and A Day To Remember, Respite deliver catchy and energetic earworms with a subtle depth. Check Respite’s Jeeni showcase out here: https://jeeni.com/showcase/respite-band/?view=videos Jeeni also features a huge amount of the niche-est of niche genres and talents including slam poetry, audiobooks, various dance talent and loads more. Go exploring Jeeni's library of talent!

13
Dec

Christmas Auction Launched today with Emeli Sande, Beverley Knight, RAMZ, Christian Atsu, Mr Brainwash and more…..

Unique one to one zoom calls for Christmas with top Music Industry experts, artists and a footballer! And more! Arms Around The Child launch their unique online auction with Superstars which ends on Weds 16th December at 9pm. AUCTION LINK HERE! Grab a unique experience. Bid on an exclusive video performance that has been created especially for the winner of this auction by Emeli Sande. No one else will ever see or hear this recording except you! The Queen of British Soul Beverley Knight is offering a face to face Zoom for budding songwriters and performers trying to get their music heard and forge a career in the music Industry. Speak to Top A&R expert Nick Halkes on a face to face Zoom. Nick co-founded XL Recordings to discuss your musical aspirations and how best to move your career forward. RAMZ whose No1 single Barking made a huge impact is offering up his time to get on a face to face Zoom call with the winner to chat football and music, he’s an avid Arsenal fan! Top Producer/DJ SHADOWCHILD is offering a face to face Zoom mentoring session ideally for upcoming producers/DJs to learn and prepare for what lies ahead in the music industry. Premiership and International footballer Christian Atsu will have a one to one Zoom video session on football training and coaching tips for young players looking to improve their game. Stop Press! Exclusive Christian Louboutin Handbag just added! Additionally the auction offers the opportunity to bid on Mr Brainwash prints, Alan Shearer rare Top Trumps signature card, Elton John concert tickets for 2021, a striking and vibrant Giclée print of David Bowie a signed Maradona presentation plaque, exclusive wines, a Star Wars storyboard, weekend breaks and other experiences all wrapped up in this Arms Around The Childs Christmas Auction. All to benefit children look after by Arms Around The Child who are affected by HIV/AIDS, abandoned, abused, orphaned, trafficked and living in child headed households in Ghana, India and South Africa. Help us to help them. Images available please contact ellie@armsaroundthechild.org (07801292553) AUCTION LINK HERE!

03
Sep

Music Tech Startups announce strategic alliance for the greater good of the Musician and Performer.

We are delighted to announce the strategic alliance between Jeeni and California-based AmplifyX, the only FINRA and SEC compliant platform that allows investors to build a portfolio by directly funding musicians. The alliance was arranged by Kelli Richards, Jeeni Managing Director USA, who was mentored by Steve Jobs at Apple where she launched and managed the Apple music and entertainment division. This represents a major advantage for Jeeni in the USA, our most important global territory in terms of artists and revenues. We gain access to more rising stars along with their followers and fanbases, with mutually advantageous joint promotions and publicity. The partnership will officially kick off at the end of August with a global streamed concert, featuring our 10 most popular artists from both sides of the Atlantic, and will be co-branded between Jeeni and AmplifyX. Co-founder of AmplifyX Bobby Kamaris says, “Our companies run in an adjacent space helping independent artists, and our philosophies and motives are very very close. What you guys at Jeeni have done in putting it together and launching is actually incredible.” Co-founder of AmplifyX Adam Cowherd adds, "Did you know that artists take home only 12% of the $43 billion spent on music annually, according to Citigroup? [1] The hip-hop artist Russ put it perfectly when he said, 'The music business isn’t set up for the artists to get rich. It’s set up for everyone else to get rich off the artists.' [2] If you start looking deeper into the music industry, one of the first things you’ll discover is how broken it is. Artists are the nucleus of the business, but somehow they’re the individuals left with no ownership of their Intellectual Property (IP), inhibited creative freedom, and only a sliver of the earnings. There are so many entities involved in the value chain of music that it has created a convoluted industry structure that lacks equality and transparency. When we break down the mechanics of the music industry, we see just how many hands are in the pot: record labels, managers, producers, booking agents, and streaming platforms. A report by Ernst & Young highlighted the post-tax payouts of streaming revenue and identified that record labels are taking nearly 75% of the payout. [3] Why are artists today signing with record labels?" Jeeni Founding Director Shena Mitchell adds, "This is an exciting opportunity for Jeeni to develop strong relations with USA partners. AmplifyX is focused on building a new framework to fund independent artists with their unique platform for artists to raise capital from nontraditional sources. Our visions are entirely complementary and aligned." Jeeni, is the social music platform that brings artists closer to their fans, and shares revenue ethically. Jeeni is presently raising funds on Crowdcube and is 110% overfunded with 4 days to remaining. If you want to see our pitch click HERE.

Jeeni Blog