The release of new songs has also declined as the pop music industry has shrunk due to the presence of corona19. On the other hand, it has been found that music streaming has become a little more active.
According to Genie Music today, music output in the first week of March (March 1-7) has dropped 19% from the same period last year. Compared to the same period in 2018, the figure was down 7%.
Song releases during the month of February also dropped 22% from the same period last year and 11% from the same period in 2018.
The January off season plunged 37% from the same time last year due to the holiday season and the Lunar New Year holidays
The continued decline in the number of music releases is attributed to the overall contraction in the music market due to the circulation of Corona19.
In fact, since the end of January, the consequences of Corona19 have led singers to transform their return showcases into “live streaming” and to delay events for fans. Since February, there have been cancellations of various events, including performances.
The atmosphere in which the country finds itself in relation to all these gatherings, fan sign, fan events … at home and abroad seems to affect the release of new songs.
“On the other hand, music releases abroad are up from the same period last year,” said an official with Genie Music.
As outdoor activities have decreased due to the spread of Corona19, the appreciation for online music has increased slightly.
The number of Genie Music broadcasts in March increased by 7% compared to the same period last year. February increased by 16% compared to the same period last year.
Journalist: Shawn
Translator: Shawn
Source: Genie Music
