IMI
IMI

IMI releases Indian Music Industry 2019 - A national snapshot of music engagement

ANI | Updated: Sep 25, 2019 17:41 IST

Mumbai (Maharashtra) [India] Sept 25 (ANI/BusinessWire India): IMI, the organisation that represents the recorded music industry in India, today released the Digital Music Study 2019, which examines the ways in which music consumers aged 16 - 64 engage with recorded music in India.
Report highlights:
* Music listening is up. Respondents typically spend 19.1 hours per week listening to music - higher than the global average of 18 hours. This equates to about 2.7 hours - or the equivalent of listening to 54 three-minute songs - daily.
* Most people (80 per cent) identify as 'loving' or being 'fanatical' about music. Much higher than the global average of 54 per cent.
* Older age groups increasingly embrace audio streaming services. Engagement with audio streaming in India is strong, with 90 per cent of all respondents accessing a music streaming service in the past month - up by about 7 per cent over 2018. The highest rate of growth for engagement is in the 16 - 24-year-old age group, with 97 per cent of that group accessing a music streaming service in the past month (plus 10 per cent on 2018).
* Copyright infringement remains a challenge for the music ecosystem. 67 per cent of all surveyed used unlicensed methods to listen to or obtain music in the past month, while 63 per cent used illegal stream-ripping services - the leading form of music piracy.
"Thanks to cheap data and smartphone penetration music consumption in India is growing regionally. The growth rate will be higher in the regional segment due to a low smartphone base. The increase in consumption of catalogues of music in languages also serves as a reminder of the diversity of India and reaffirms our belief that regional music is the new champion of India's soft power", said Aditya Gupta- Director, Aditya Music.
"Through our various associations with local companies, Times Music, owns a significant market and leadership share in Punjabi music and its enriching to see it at #4 in this report. We have witnessed noteworthy growth in subscriber numbers, organic views and much better visibility of this genre of music. Moreover, since its inception, Times Music has been committed to the growth of India's own spiritual and devotional music, and it's great to see these cultural genres thriving in the age of streaming", remarked Mandar Thakur- COO, Times Music.
"At universal music group, we have seen the success of the Vyrl platform and the change it's bought into the music industry by enabling an artist first ecosystem. We believe that hip-hop too is a global phenomenon whose time has come in India to get into and win in the mainstream streamscape and compete with film and non-film music alike. With that, we launched 'Mass Appeal India', a global partnership between Nas's label Mass Appeal and UMG India and South Asia to be the first of its kind global imprint for Indigenous hip-hop for the world. Our first superstar release of Divine has already shown us how hip-hop is popping like any major song and we are seeing it as we get ready to drop his debut album in a few days. There is a line-up of incredible hip-hop talent who will showcase their talent in the coming months on the Mass Appeal India label", said Devraj Sanyal, Managing Director and Chief Executive officer, Universal Music Group, South Asia.
"Universal Music India's Vyrl original has been leading the creation of a culture and category of non-film music in India by being a true artist-first initiative which nurtures and develops singer-songwriters. Today it has the most enviable roster of talent across new and established artists from across the region. In a very short period, Vyrl has become to non-film music what Bollywood is to film music by enabling an ecosystem which is primed for artists as they spread their music into the streamscape with the same ability across mediums as film music has had for ages", commented Vinit Thakkar- Senior Vice President-India and South Asia- Universal Music Group.
"The Digital Music Study 2019 has revealed some illuminating trends in India: the 80 per cent music fandom base, the highest in the world, is the main reason for the 21.3 per cent growth rate India achieved over the past years. The top 2 favourite genres are Bollywood new and Bollywood old. The fastest-growing segments are of consumers in the age groups 25-34 and 35-44, which is the perfect launchpad for a premium subscription-based model in India. 67 per cent piracy rates remain a matter of grave concern", said Blaise Fernandes, President, and CEO, IMI.
This story is provided by BusinessWire India. ANI will not be responsible in any way for the content of this article. (ANI/BusinessWire India)

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