Streaming hits new milestone, accounts for nearly 80 percent of US music revenue in 2019

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Oddly enough, revenue from vinyl was up a whopping 19% in 2019, too. The Recording Industry Association of America (RIAA) has released a report examining music sales trends for the full 2019 calendar year. The report, as noted by Variety , shows that U.S. revenues of recorded music grew by 13% to $11.1 billion last year. The driver of that growth? Streaming music services. Read Full Story

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2019: The Year of A Trillion Music Streams

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2019 was another good year for the US music industry with total album equivalent consumption growing 15% year-over-year (y-o-y) to reach 785 million. This rise was bolstered by continued impressive growth in on-demand streaming (audio and video), which hit a new record high, per Nielsen’s Year-End Music Report [pdf]. On-demand streaming consumption reached 1.15 trillion… Read More » The post 2019: The Year of A Trillion Music Streams appeared first on Marketing Charts .

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This startup network wants to be the MTV for gaming culture

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If a 24/7 TV network for gaming culture sounds familiar, it’s because G4 tried the same thing but eventually fizzled out. Inside VENN’s game plan. In 2019, the gaming industry took in a record $120.1 billion, according to Nielsen’s gaming data researching arm SuperData . For context, the global box office and music industry last year generated $42.5 billion and $20.2 billion in revenue, respectively. Read Full Story

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We are throwing away a record 53.6 million metric tons of electronics

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E-waste is the fastest-growing domestic waste stream in the world. In 2019, the world threw out the equivalent weight of 350 cruise ships’ worth of electronics. Each year, people around the world buy more and more electronics—from smartphones and computers to refrigerators and air conditioners—and each year, more and more electronics get thrown away. In 2019, the world generated 53.6 million metric tonnes of e-waste, a record high and an increase of more than 20% compared to five years prior. Without proper recycling infrastructure and the option to repair electronics, e-waste will only increase, and in fact it’s currently the world’s fastest-growing domestic waste stream. Read Full Story

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Global Box Office Revenues Grow Despite a Drop in North America

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Total global box office revenues grew to $42.2 billion last year, which was about a 1% increase over the $41.8 billion from 2018. This is according to the most recent THEME Report from the Motion Picture Association (MPA), which covers global activity in 2019. The growth in global box office revenues is largely due to… Read More » The post Global Box Office Revenues Grow Despite a Drop in North America appeared first on Marketing Charts .

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How wealth inequality is warping the world of philanthropy

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1.2 trillion estimated to be sitting in private foundations right now, during the pandemic, is not necessarily going to move to nonprofits. Charitable giving has been on the rise in recent years—in 2019, U.S. charities received a record $449.6 billion —and most of that philanthropy is coming in the form of big donations from a few wealthy donors. While that may seem like a good thing, especially as the top 1% keep getting richer , a new report shows how this “top heavy” giving exposes underlying issues with foundation requirements, our tax system, and who has the power to influence the world through philanthropy. Read Full Story

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Key insights: Effect of COVID-19 on consumer behavior, the world’s more video content savvy, and Apple shakes up AR

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30-second summary: According to Global Web Index’s findings, 80% of consumers in the U.S. and UK say they have consumed more content since the outbreak. According to emarketer, 49% of marketing professionals and agencies held back a campaign launch until later in 2020 and 45% stopped or paused a media campaign midway. Admoik shared that there was a 17.2% drop in week-over-week ad revenues, direct deal and programmatic guarantee being the biggest drops. Despite the 8.3% decrease of retail industry’s M&A deals, Apple acquired AR technology startup, NextVR for a $100 million with an intention to launch its AR headset in 2022 and AR glasses in 2023. 53% of consumers prefer brands to communicate through TV ads. According to McKinsey, UK, Spain, and Italy are least optimistic, whereas the US (37%) and China (48%) are optimistic about their economies jumping back to normal in the next two-to-three months. Purchases are …

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YouTube and Instagram Account for a Growing Share of Their Parent Companies’ Ad Revenues

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In recent years, marketers have spent increasing sums on online video. So for Google and Facebook, prior purchases of YouTube and Instagram (the latter of which has pivoted increasingly to videos and Stories) appear to be increasingly wise decisions. In Q4 of 2019, figures from the latest report [download page] by Merkle reveal that YouTube… Read More » The post YouTube and Instagram Account for a Growing Share of Their Parent Companies’ Ad Revenues appeared first on Marketing Charts .

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129 indie films that prove movie posters can be high art

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The annual South by South West Film Festival was cancelled this year, but these feature films, animated shorts, documentaries, and videos were not. The cancellation this year of South by Southwest , the multimedia nexus of America’s intersecting festival circuits, came as a devastating blow to the city of Austin. Tens of thousands of ticket-holders were forced to stay home. Millions of dollars in revenue evaporated. Ten days of musical events, panels, and meetings were punted into 2021. Read Full Story

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US Out-of-Home Ad Revenues Grew by 7.5% In 2019

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US out-of-home (OOH) revenues increased by 7.5% year-over-year (y-o-y) in 2019, hitting a new high of $8.6 billion, per figures released by the Out of Home Advertising Association of America (OAAA). The growth rate was quite a leap compared to those of 2018 (4.5%), 2017 (1,2%) and 2016 (3.1%). OOH’s Q4 2019 revenue growth reached… Read More » The post US Out-of-Home Ad Revenues Grew by 7.5% In 2019 appeared first on Marketing Charts .

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