August 13, 2022

Latest Breaking Music News | MusicApp1

Music News, Artists, Reviews & Trends

Hip-Hop, Latin & Vinyl’s Popularity Grew in 2020 (Rock, Pop & CDs’ Did Not)

Roddy Ricch’s “The Box” (via Atlantic) was the top streaming song in 2020 with 1.3 billion on-demand streams, beating out Future’s “Life Is Good” featuring Drake (via Epic), which had 1 billion on-demand streams. Lil Baby’s My Turn (via Quality Control) was the No. 1 album for the year, generating 2.6 million consumption units, with Taylor Swift’s folklore (via Republic) coming in second at 2.2 million album consumption units — of which 1.3 million were from sales (including 796,000 from downloads), making it the year’s best-selling album. In fact, Swift placed four albums in the year’s top 200 albums, as her Lover album ranked No. 33 with 878,000 album consumption units; evermore was No. 70 with 569,000 units and 1989 was No. 116 with 428,000 units.

For the 21st year year in a row, Universal Music Group led all labels in market share with 38.5% in 2020, up 40 basis points from 2019’s 38.1%. Along the way, recording acts on UMG’s labels topped the Billboard 200 for 36 weeks — or 69.2% — in the year.

Streaming now comprises 84.3% of overall album consumption units, up 3% from 81.8% in 2019. Meanwhile, all sales shrank from 18.2% in 2019 to 15.8% in 2020. Physical sales accounted for 8.5% of total music consumption.

Album consumption units comprise album sales counts, track-equivalent albums whereby 10 track sales equal one album, and streaming-equivalent albums whereby 1,250 paid streams or 3,750 ad-supported streams equal one equivalent album.

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