Japan’s streaming sees huge growth in 2019

Recent reports from RIAJ show Japan’s streaming market has grown 33.8% in 2019 from the previous year and doubled since 2017.

Japan ranks as the second biggest market in the world for recorded music, bringing in $2.75 billion over physical, digital, audio and video in 2019.

CD stays as Japan’s favourite medium though, generating $1.37 billion compared to subscription and ad funded streaming at $385 million in Japan. This gives CD a 68.9% of the recorded music market, down from 71.9% in 2018, against streaming at 19.3%, up from 14.6%. In other countries, such as the US, streaming holds much stronger at 4/5th of recording revenue in 2019.

The physical format fell by only 3% from 2018, but this shift from physical to digital will likely only continue over the next decade, as more people make the transition along with the rest of the world.

Reddit Talk is a Clubhouse competitor for live audio chats within subreddits

Announced yesterday, Reddit joins the list of tech companies that have built Clubhouse-like social audio features into their platform.

Facebook announce new Social Audio Experiences to compete with Clubhouse

Facebook detail new audio features such as Soundbites, podcasts on Facebook and Live Audio Rooms – a direct competitor to Clubhouse.