Global Music Streaming Market Analysis Report 2022

Global Music Streaming Market Analysis Report 2022

Artificial Intelligence and Machine Learning Gaining Momentum. The global music streaming market is expected to grow from $24.09 billion in 2021 to $27.24 billion in 2022 at a compound annual growth rate (CAGR) of 13.08%. The music streaming market is expected to grow to $45.31 billion in 2026 at a compound annual growth rate (CAGR) of 13.57%.

North America was the largest region in the music streaming market in 2021. The regions covered in the music streaming market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The increasing adoption of smart devices is expected to propel the growth of the music streaming market. Smart devices such as smartphones, and smart speakers have changed the way of listening to music. They include smart features like the ability to set alarms, play music on voice command, control smart devices in-home, and stream live music, as they are powered by a virtual assistant.

For instance, according to statistics from Amazon Alexa 2020, nearly 53.6 million Amazon Echo speakers (smart speakers) were sold in 2020 which increase to 65 million in 2021. Therefore, the increasing adoption of smart devices will drive the growth of the music streaming market.

Artificial intelligence and machine learning in music streaming devices are the key trends in the music streaming market. Technologies like artificial intelligence and Machine learning enhance the music streaming experience by increasing storage and improving the search recommendations, improving the overall experience.

For instance, in January 2022, Gaana, an India-based music streaming app introduced a new product feature using artificial intelligence to enhance the music listening experience for its listeners. The app will modify music preferences using artificial intelligence to suit a person's particular occasion or daily mood.

In May 2022, SoundCloud, a Sweden-based music streaming platform, announced the acquisition of Musiio, for an undisclosed amount. Through this acquisition, SoundCloud aims to strengthen its capabilities in AI and identify upcoming music trends and talent by leveraging its vast data. Musiio is a Singapore-based music technology start-up that uses AI for music streaming and automatically tag and identify songs.

The music streaming market consists of sales of music streaming services by entities (organizations, sole traders, and partnerships) that are used to feed audio content directly into the device, personal computers (PC), or mobile devices, without the need of downloading files from the internet. It is offered through a web-based or application-based service. Users can also download music for offline listening and upload their soundtrack to the cloud using these services.

The main types of services provided by music streaming are on-demand streaming and live streaming. The on-demand streaming are the service in which a consumer requests the music according to his convenience. In on-demand streaming, music can be rewind, fast-forwarded, or paused as per the consumer demands.

Music streaming offers audio and video content through application-based platform or web-based platform. Music streaming services are provided by revenue channels such as non-subscription and subscription and are used for individual use or commercial use.

Vinyl Entertainment Hubs in SG

Vinyl Entertainment Hubs in SG

Landmark is a Singaporean retail chain which started selling vinyl records in 1974; the establishment opened its first store at Golden Mile Complex in 1977. Today, Landmark is one of the most recognizable names in the Singaporean vinyl record business. The term 'Landmark' was coined by the head of marketing, Stefan Neltner, when he spotted an attractive signboard on the main road from Outram Skytrain to Bukit Timah - Singsing Street. The signboard was written in small letters, "landmark"-however, it was legible as a large print display that read 'Outram Landmark'.

Singapore is a city of people and ideas. It has been named one of the top cities for backpackers, art, music and more. Singapore is also home to many entertainment hubs that are worth exploring. From new ventures coming up in creative spaces to a museum dedicated to vinyl records, there's no better time - now's the time to visit this vibrant city. "Singapore's Music Scene" is the first local music event formally hosted by Vinyl Records. The premiere of a documentary featuring interviews with the biggest names in the business was recently scheduled at the George Auditorium.

To be sure, vinyl has been a go-to area for the discerning music listener for decades. With the growth in its popularity among the younger generation, vinyl has never seen a better time. In the local vinyl hubs, you can learn everything you need to know about buying, selling, cleaning and enjoying records. All these are arranged by professional record collectors and full-time vinyl enthusiasts. Yes, discover what makes Singapore one of the world's leading vinyl records spotlights- the city's excellent entertainment centre. Here, you can enjoy The Music Room's latest vinyl records, DVDs and game releases.

Whether you're a vinyl nerd or looking to listen to your favourite artists on CD and wish to enjoy new releases, The Music Room is-evidently- what you've been looking for. Singapores' vinyl records entertainment hubs provide revellers with a one-stop shop for all vinyl and cd lovers. It doesn't matter whether or not anyone is interested in buying or selling old records. Singapore's vinyl record shops have gradually become a hip destination for people looking to buy and listen to music. The shops - many located in markets or along hawker centres - often sell new, used and rare records. They also host events that are open to the public.

Following the success of Vinyl records stores, many more businesses opened stores in Singapore. To better understand the logistics and production process, some have built their own manufacturing facilities. Many have developed tools and technologies that enable them to operate efficiently and cost-effectively. Yes, vinyl is back, bigger and better than ever. Commercial and private vinyl record stores are an integral part of Singapore's vibrant music scene.

There's no doubt that vinyl records remain hugely popular in Singapore today; many stores offer streaming services; these include Spotify, Apple Music and YouTube channels. Try to immerse yourself in Singapore's diverse music scene- you'll discover the latest vinyl records duly signed by local artists. When visiting Singapore, you'll enjoy authentic street food and world-class street art; you'll do this while listening to the best local music. Yes, explore Singapore's nightlife scene and see energy at its liveliest in this vibrant city.

A vinyl record store in Singapore is a must-visit for anyone who loves music. Today, visitors can browse through racks of these records and CDs at local stores before heading to venues where artists hold live performances. Singapore's hottest vinyl record shops feature unique collections of vintage merchandise and everything in between. In the world's most diverse city, Record Nol presents a find-friendly vinyl store experience in Singapore. The shop houses various records, CDs, DVDs and manga for sale.

The city is home to Vinyl Records, Singapore's largest independent record store. Here, there's a massive variety of Rare & Used Vinyl Records, CDs and CD-Roms in store. You can shop online or visit Pioneer Centre 408A Bukit Merah Lane in person. Keep in mind that Vinyl records are relatively new to Singapore- only a small number of stores are dealing with these.

Yes, Singapore is one of the world's most popular shopping and entertainment destinations. The island has a bustling nightlife filled with bars, clubs, cafes and restaurants - all full of international tourists. Despite the constant hustle and bustle, it's still possible to find some quiet and peaceful spots in the city-state that allow you to chill out while listening to your favourite songs on vinyl records.

LITTLE WOMEN filmed in Korea and Singapore

LITTLE WOMEN filmed in Korea and Singapore

Spackman Entertainment Group Limited (the "Group"), one of Korea's leading entertainment production groups founded in 2011 by media & technology investor Charles Spackman, wishes to announce that LITTLE WOMEN, headlined by Wi Ha-jun of of MSteam Entertainment Co., Ltd. ("MSteam"), a wholly-owned subsidiary of the Group's associated company, Spackman Media Group Limited ("Spackman Media Group"), took the top spot in Taiwan, Indonesia and Japan and ranked 8th globally on Netflix, according to as of October 8, 2022.

Moreover, LITTLE WOMEN, starring Wi Ha-jun of Spackman Media Group, also maintained its top 10 ranking under Netflix's non-English TV category for the fourth week in a row[1]. In Korea, LITTLE WOMEN ranked #1 for dramas aired in the same time period including cable TV, and broke its own viewership records for its final episode, posting an average rating of 11.1% to 12.8% for households nationwide from Nielson Korea's data.

Filmed in Korea and Singapore, LITTLE WOMEN is based on the 1868 novel of the same name by Louisa May Alcott and tells the story of three poor sisters who encounter an elite-educated financial consultant (played by Wi Ha-jun of Spackman Media Group) and their face-off against one of Korea's wealthiest and most powerful families. Kim Go-eun of THE KING: ETERNAL MONARCH (2020), THE LONELY SHINING GOD – GOBLIN (2016-2017) and CHEESE IN THE TRAP (2016) plays the other lead in the K- drama.

LITTLE WOMEN features iconic landmarks in Singapore such as Marina Bay Sands and The Fullerton Hotel. The tvN K-drama is directed by Kim Hee-won and produced by Studio Dragon.

In February 2022, Wi Ha-jun of Spackman Media Group was selected as the South Korea ambassador for Swiss luxury watchmaker, TAG Heuer. He was appointed as the ambassador for his hometown, Wando-gun of South Korea in January 2022. Previously, Wi Ha-jun starred in the original Korean series, SQUID GAME (2021), the #1 show across over 90 countries, including the US and Korea on Netflix. Through his role as Hwang Jun-ho, a policeman in SQUID GAME (2021), Wi Ha-jun has emerged as an internationally recognized actor.

Wi Ha-jun also starred in highly popular K-drama BAD AND CRAZY (2021), which reached first place in viewership ratings for the same time period over the past consecutive weekends, since its release on 17 December 2021.

Wi Ha-jun was also selected as the brand ambassador for the American premium casual brand BEENTRILL and released a beauty pictorial with YSL beauty in December 2021. He also headlined in Korean crime thriller film MIDNIGHT (2021), which received the Best Feature Award at the 13th UK Grimmfest Film Festival.

Other than Wi Ha-jun, MSteam also represents iconic Korean actress Son Ye-jin, who starred in hit romance drama CRASH LANDING ON YOU (2020), and top actress Lee Min-jung, who won the Top Excellence Award at the 2020 APAN Star Awards.

Local Musicians and Live Bands

Local Musicians and Live Bands

Hong Kong's creative set and music lovers of all ages convened for a lively and spirited musical celebration for the ages, featuring more than a dozen artists performing everything from city pop to metal. Held on July 22nd at the Kowloon International Trade & Exhibition Centre (KITEC), "Music Wonderland" was attended by more than 1,200 people, who were linked by a shared love of music and ready to let loose after two years of pandemic-fuelled lockdowns and restrictions. The event was hosted by Supernova, a Hong Kong-based organisation which aims to foster the local art scene, and connect like-minded people through community-based events, exclusive spaces and a wide range of products and services.

As the city springs back to life, a large crowd pumped energy into the arena, which boasted whimsical decorations inspired by "Alice in Wonderland", from giant mushrooms to puffy clouds which floated across the ceiling. A sea of pink filled the venue, as the audience came dressed in their best Alice-esque attire, ready to take a fanciful journey down the rabbit hole with some of the city's most talented musicians. The event was orchestrated and headlined by Supernova's resident musical director and curator, DJ Sidtrus, who performed a special EDM set to wrap up an unforgettable day. The concert was also supported by another community-based organisation and members club, House 44, whose co-founders Roland and Felix Li were two of the many performers to take to the stage.

Singers were selected to perform through a rigorous selection process which took place over a 6-month period from January to May, with more than 200 singers auditioning across the city. Coming from all backgrounds and walks of life, the mix included amateurs to professional artists, with a final 32 selected to perform in a live round elimination contest, held at Lau Bak Freespace Livehouse in West Kowloon Cultural District. The final 16, picked by a panel of professional vocal judges and a live audience vote, went on to earn a coveted spot to perform in Music Wonderland.

During the concert, the energised audience grooved along to the dynamic combination of genres and musical styles represented by the performers. The slate of talented artists who lit up the stage included Cary, a lead vocalist of the underground band, Pleasure Garden; Rona, Cantopop singer and artist with hits previously gracing Hong Kong's Cantopop charts; Jon, who has performed with Sally Yeh and Edmund Leung; Bonnie, singer and rapper who made her big-stage debut; Wing, former female lead vocalist for vocal group V.O.X., and many others. Cary said that the Supernova concert was "a great breakthrough to transition from my rock singer past to more K-pop and EDM styles," while Jon said, "I never thought I would be standing on a stage again in front of 1,000-plus people; it was a life-changing experience."

Supernova's musical director, Sidtrus, closed the evening with a heart-thumping EDM set which embraced his signature futuristic approach to music. The Hong Kong-based DJ and EDM producer is celebrated for his unique and forward-thinking sound, incorporating cutting-edge elements into his compositions. In 2021 December, he launched his music single NFT "Take Me Home", which garnered close to HK$3 million in sales after all 3,000 copies were sold, earning this track the title of top five highest music NFT sales in Asia, and the record of single highest sales in DJ music NFT album in Hong Kong.

"It's such a crazy experience," said Sidtrus. "I started off making music from my bedroom and now I've sold HK$3 million worth of my music. If you ask me, NFTs are the future of music."

As he prepares for the next stage of his music career, Sidtrus is adamant about giving fans the opportunity to not just listen to, but to own a part of his music, closing the gap and creating value within the experience. His unique approach underscores his belief that artists should be able to connect directly with their fans, without having to depend on a record label or entertainment company, or a 'lucky break'. "NFTs have really changed the game," said Sidtrus. His single, "Take Me Home", is the first of six NFT albums that he plans to release every six months, to chronicle his musical journey. His second single, "Supernova", appropriately named after Supernova, the platform that catapulted his music career, was released in July 2022 and has already racked up an impressive 100,000 plays in the first 10 days of the track being on Spotify.

As Supernova embarks on the next evolution of the brand, one rooted firmly in the digital frontier, fans can expect more live music festivals, singles to be released as NFTs, exciting collaboration projects, and a Supernova Spotify channel to shine a light on up-and-coming talents, and foster a community of fans aimed at amping up the music scene in Hong Kong.