Music audio streams simply crossed the 1 trillion mark for the primary time ever in a single yr within the US

MBW’s Stat Of The Week is a collection during which we spotlight a single knowledge level that deserves the eye of the worldwide music business. Stat Of the Week is supported by Cinq Music Group, a technology-driven document label, distribution, and rights administration firm.

Music audio streams within the US simply crossed the one trillion mark for the primary time ever in a single yr.

That’s in line with US market monitor Luminate (previously MRC Knowledge / Nielsen Music), which revealed that the 1 trillion mark was crossed within the US on Saturday (November 26).

That 1 trillion determine grew by 11.9 billion in comparison with 2021, when the full-year tally for music audio streams within the US was 988.1 billion, in line with Luminate knowledge.

That 1 trillion determine can also be 7x bigger than the variety of music audio streams achieved within the US in 2015, when 142.9 billion have been recorded on the planet’s largest recorded music market, in line with Luminate knowledge (see beneath).

To place this yr’s one trillion US music audio streams into context, Luminate notes that music listeners have spent roughly 960,000 years streaming music out there in 2022.

Luminate additionally shared a bundle of different stats this week alongside that headline 1 trillion music audio stream determine for 2022, together with the High 5 most streamed songs of 2022 within the US (as of November 24, 2022)

Harry Types’ As It Was got here in at No.1 with 558 million on-demand US audio streams in 2022.

At No.2, Glass Animals’ Warmth Waves generated 493 million on-demand US audio streams in 2022.

Future’s Wait For U  generated 460 million on-demand U.S audio streams in 2022, coming in at No.3.

Kodak Black’s Tremendous Gremlin (No.4) and Dangerous Bunny & Chencho Corleone’s Me Porto Bonito  (No.5)  generated 443 million and 425 million on-demand US audio streams in 2022, respectively.

In the meantime, in line with Luminate, throughout its launch week (October 21 – October 27, 2022), songs from Taylor Swift’s newest album Midnights accounted for 1 out of 42 streams in all the US.

Latin music had its highest streaming week ever within the US in the course of the week of Might 12, 2022, with 1.8 billion streams. As reported in Might, this marked the primary time that Latin music outstreamed Nation music within the US in a single week and was largely because of the launch of Dangerous Bunny’s now Grammy-nominated album Un Verano sin Ti.

Luminate additionally experiences that streams for Kate Bush’s Operating Up That Hill have been up +20,995% within the US in the course of the week of Might 27, 2022, after it appeared in a brand new episode of Netflix’s Stranger Issues.

In the course of the first half of 2022, in line with Luminate, music audio streaming was up +24.7% world wide (throughout world territories).

The publication of Luminate’s new dataset round music audio streaming numbers within the US in 2022 comes two months after the Recording Trade Affiliation of America (RIAA) revealed its 2022 Mid-12 months Music Trade Income Report, which confirmed that streaming revenues grew 10%, from $5.9 billion in H1 2021 to $6.5 billion within the first half of 2022.

That income haul, which incorporates paid subscription companies, ad-supported companies, digital and customised radio, represented YoY development, in income phrases, of $600 million. 

Within the prior yr interval, nonetheless (H1 2021), US midyear Streaming Music revenues grew, in income phrases, by $1.2 billion YoY to $5.9 billion.

Streaming Music’s share of whole business retail revenues was just about flat in H1 2022, at 84%.

Cinq Music Group’s repertoire has received Grammy awards, dozens of Gold and Platinum RIAA certifications, and quite a few No.1 chart positions on quite a lot of Billboard charts. Its repertoire contains heavyweights reminiscent of Dangerous Bunny, Janet Jackson, Daddy Yankee, T.I., Sean Kingston, Anuel, and tons of extra.

 Music Enterprise Worldwide