music streaming, Nielsen music report
music streaming, Nielsen music report

Nielsen Music 360: Radio Still Rules

While technology and fragmentation reshape the media landscape, music remains an important part of our lives. Whether we’re in the car, at work, working out or surfing the web, music remains a staple in the everyday lifestyle of North Americans. According to the Music 360 2015 report, Nielsen’s fourth annual study of U.S. music listeners, 91% of the national population spends more than 24 hours per week using various forms of media to tune in and listen. While total listening figures are roughly the same as last year, how people access and engage with music is changing.

In looking at the report data, 75% of those surveyed listen to music online in a typical week, up nearly 12% from last year. And online listening trends are having a significant impact on our on-demand listening habits. While the sample streamed more than 164-billion on-demand tracks across audio and video platforms in 2014, they streamed 135 billion in the first half of 2015 – up more than 90% from the same period last year. And music listening isn’t just becoming increasingly digital, it’s becoming more mobile. In fact, 44% of us report using our smartphones to listen to music in a typical week, a 7% increase over last year, while we’re listening on our desktop computers less.

Radio continues to be the No. 1 source of music discovery in the U.S, with 61% of respondents saying they find out about new music from AM/FM or satellite radio, a 7% increase over last year. Word of mouth is also important, particularly for teens: 65% say they discover new music through family and friends, well above the average of 45%.

Audiences are also discovering more music at live events. Twelve percent of respondents say they discover music through live events, up more than 70% from last year. Americans (and, presumably, a growing number of Canadians) now spend more than one-half of their music related expenditures on them each year, and 50% say they have attended at least one live event in the last year. And what would the music year be without festivals? Eleven percent claim to have attended a music festival in the past 12 months, with Millennials comprising 44% of all festival goers. Most attendees choose festivals based on the lineup, and about two-thirds choose based on proximity to where they live and price of tickets.

When the festival is out of reach, either financially or by distance, savvy fans are nevertheless following along online, presenting brand sponsors with an opportunity to reach “virtual attendees” and extend their activations beyond the field!

The streaming story continues to grow, with 75% of the population saying they listen to music online. When selecting a music streaming service, over 8 in 10 respondents cite cost and ease of use as the most important factors, followed by over 7 in 10 who say the song library is important.

Full report can be downloaded as a pdf file here

 

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