{"id":50251,"date":"2023-01-15T18:56:09","date_gmt":"2023-01-15T18:56:09","guid":{"rendered":"https:\/\/showbizztoday.com\/index.php\/2023\/01\/15\/how-did-the-canadian-music-industry-do-in-2022-the-year-end-stats-are-out-national\/"},"modified":"2023-01-15T18:56:14","modified_gmt":"2023-01-15T18:56:14","slug":"how-did-the-canadian-music-trade-do-in-2022-the-year-end-stats-are-out-national","status":"publish","type":"post","link":"https:\/\/showbizztoday.com\/index.php\/2023\/01\/15\/how-did-the-canadian-music-trade-do-in-2022-the-year-end-stats-are-out-national\/","title":{"rendered":"How did the Canadian music trade do in 2022? The year-end stats are out – National"},"content":{"rendered":"

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Now that we\u2019re into a brand new yr, the recorded music trade is evaluating the final 12 months.<\/p>\n

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Luminate (previously Nielsen) is the corporate that screens all of the music Canadians purchase and take heed to, from streams to CDs to LPs to cassettes. Here are some highlights from 2022.<\/p>\n

Total consumption of music was up.<\/p>\n

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\n\t\t\tRead extra: <\/span>
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\n\t\t\tA mixture of resolutions and predictions for music in 2023\t\t\t<\/a>\n\t\t<\/p>\n

\n\t\t\t\tRead subsequent: <\/span>
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\n\t\t\t\tWorking from dwelling? Experts say belief is vital after \u2018time theft\u2019 ruling\t\t\t\t<\/a>\n\t\t\t<\/p>\n<\/p><\/div>\n

In the olden days, we measured music consumption by the variety of albums bought mixed with radio airplay. Now issues must be weighted between gross sales, TEAs (track-equivalent albums, the place 10 paid downloads equal the sale of 1 album), and SEAs (stream-equivalent albums, the place 1,250 premium audio streams, 3,759 ad-supported audio streams, and three,750 video streams equal one bodily album). Add every little thing collectively and Canadians consumed 11.2 per cent extra music in 2022 than we did in 2021.<\/p>\n

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Story continues beneath commercial<\/p>\n<\/p><\/div>\n

Breaking that down additional, we consumed 93.2 million albums. If we have a look at particular person songs, the quantity is 89.8 million.<\/p>\n

We streamed a lot<\/em> of music<\/h2>\n

More and extra individuals are adopting streaming as their major supply of music. Streaming exercise was up about 13.4 per cent from 2021 with the annual variety of on-demand audio streams of music hitting 100 billion for the primary time. That\u2019s beneath the worldwide enhance of twenty-two.6 per cent (3.4 trillion songs!), however nonetheless fairly wholesome.<\/p>\n

There are, nevertheless, some considerations that the speed of progress is slowing, one thing that may require a rise within the value of a streaming subscription. After all, Spotify has been sitting at $9.99 for a person sub for a decade. Don\u2019t wager in opposition to a value enhance throughout the board for all streaming companies this yr.<\/p>\n